Common use of Lender Statements Clause in Contracts

Lender Statements. SURVIVAL OF INDEMNITY. Within sixty (60) days of the date upon which Agent suspends the availability of Eurodollar Loans under SECTION 2.4(C) hereof or learns of any loss or cost for which Borrower has indemnified Agent and/or a Lender under SECTION 2.4(D) hereof, Agent and/or such Lender shall deliver a written statement as to the amount due under SECTION 2.4(C) or SECTION 2.4(D). Such written statement shall set forth in reasonable detail the calculations upon which Agent and/or such Lender determined such amount and shall be final, conclusive and binding on Borrower in the absence of manifest error. Determination of amounts payable under such Sections in connection with a Eurodollar Loan shall be calculated as though Agent and/or such Lender funded its Eurodollar Loan through the purchase of a deposit of the type and maturity corresponding to the deposit used as a reference in determining the Eurodollar Base Rate applicable to such Eurodollar Loan whether in fact that is the case or not. Unless otherwise provided herein, the amount specified in the written statement shall be payable on demand after receipt by Borrower of the written statement.