Common use of Evidence of Revolving Credit Obligations Clause in Contracts

Evidence of Revolving Credit Obligations. The Obligations of the Borrowers to repay the aggregate unpaid principal amount of the Revolving Credit Loans made to them by each Lender, together with interest thereon, shall be recorded by each such Lender from time to time on a ledger or other record of such Lender, or such Lender shall record such information in its computer systems; provided that any failure to make any such record shall in no way detract from the Borrowers' Obligations. The aggregate unpaid amount of the Revolving Credit Loans shown on the records of such Lender shall be rebuttably presumptive evidence of the principal amount owing and unpaid.

Evidence of Revolving Credit Obligations. The Obligations Obligation of the Borrowers to repay the aggregate unpaid principal amount of the Revolving Credit Loans made to them it by each Lender, together with interest thereon, shall be recorded by each such Lender from time to time on a ledger or other record of such Lender, or such Lender shall record such information in its computer systems; , provided that any failure to make any such record shall in no way detract from the Borrowers' Obligations. The aggregate unpaid amount of the Revolving Credit Loans shown on the records of such Lender shall be rebuttably presumptive evidence of the principal amount owing and unpaid.