Common use of Lender Records Clause in Contracts

Lender Records. Each Lender shall record on its books and records the amount of each Loan, the rate and interest period applicable thereto, all payments of principal and interest, and the principal balance from time to time outstanding. The Lender’s record thereof shall be prima facie evidence as to all such amounts and shall be binding on Borrower absent manifest error. Notwithstanding the foregoing, Borrower will never be required to pay as principal more than the principal amount of the Loans funded by such Lender.