Lender Records. The amount, type, interest rate and duration of Interest Period (if applicable) of the portion of the Loan made by each Lender to the Borrower, and each payment made on account of the principal thereof, shall be recorded by such Lender on its books; provided that the failure of such Lender to make any such recordation or endorsement shall not affect the obligations of the Borrower to make a payment when due of any amount owing hereunder or under any Note in respect of the portion of the Loan to be evidenced by such Note, and each such recordation or endorsement shall be conclusive and binding absent manifest error.
Appears in 2 contracts
Sources: Bridge Credit Agreement, Bridge Credit Agreement (Southern Co)
Lender Records. The date, amount, type, interest rate and duration of Interest Period (if applicable) of the portion of the each Loan made by each Lender to the Borrower, and each payment made on account of the principal thereof, shall be recorded by such Lender on its books; provided that the failure of such Lender to make any such recordation or endorsement shall not affect the obligations of the Borrower to make a payment when due of any amount owing hereunder or under any Note in respect of the portion of the Loan Term Loans to be evidenced by such Note, and each such recordation or endorsement shall be conclusive and binding absent manifest error.
Appears in 1 contract