Common use of Lender Statements Clause in Contracts

Lender Statements. Lender may render from time to time, statements of the Obligations owing by Borrower to Lender, including statements of all principal, interest, and Out-of-Pocket Fees and Costs owing, and such statements shall be presumed to be correct and accurate and constitute an account stated between Borrower and Lender unless, within sixty (60) days after receipt thereof by Borrower, Borrower shall deliver to Lender, in accordance with Section 16 of this Agreement, at Lender's place of business indicated in Section 16 hereof, written objection thereto specifying the error or errors, if any, contained in any such statement.

Lender Statements. Lender may render from time to time, statements of the Obligations owing by Borrower to Lender, including statements of all principal, interest, and Out-of-of- Pocket Fees and Costs owing, and such statements shall be presumed to be correct and accurate and constitute an account stated between Borrower and Lender unless, within sixty (60) days after receipt thereof by Borrower, Borrower shall deliver to Lender, in accordance with Section 16 of this Agreement, at Lender's place of business indicated in Section 16 hereof, written objection thereto specifying the error or errors, if any, contained in any such statement.