Interest Account. Borrower authorizes Lender to record in an account or accounts maintained by Lender on its books (the “Interest Account”) (i) the interest rates applicable to all Revolving Loans and the effective dates of all changes thereto, (ii) the date and amount of each principal and interest payment on each Revolving Loan and (iii) such other information as Lender may determine is necessary for the computation of interest payable by Borrower hereunder.
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Samples: Credit and Security Agreement, Credit and Security Agreement (Toro Co)
Interest Account. Borrower authorizes Lender Xxxxxx to record in an account or accounts maintained by Lender Xxxxxx on its books (the “Interest Account”) (i) the interest rates applicable to all Revolving Loans and the effective dates of all changes thereto, (ii) the date and amount of each principal and interest payment on each Revolving Loan and (iii) such other information as Lender may determine is necessary for the computation of interest payable by Borrower hereunder.
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Interest Account. Borrower authorizes Lender to record in an account or accounts maintained by Lender on its books (the “Interest Account”) (i) the interest rates applicable to all Revolving Loans and the effective dates of all changes thereto, (ii) the date and amount of each principal Loan, all payments and charges with respect thereto and interest payment on each Revolving Loan accrued thereon, and (iiiii) such other information as Lender may determine is necessary for the computation of interest payable by Borrower hereunder.
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