Lenders’ Accounts Sample Clauses

Lenders’ Accounts. Each Lender shall maintain in accordance with its usual practice an account or accounts evidencing the debt of the Borrower to such Lender resulting from each Loan made by such Lender, including the amounts of principal and interest payable and paid to such Lender from time to time hereunder.
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Lenders’ Accounts. Each of the Lenders shall in its books of account, in accordance with common banking practice, maintain an account for the Borrower from which the principal sum, the amount of interest and other payments owed by the Borrower to such Lender pursuant to this Agreement can be determined.
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Lenders’ Accounts. The Lender will maintain in accordance with its usual practice an account or accounts evidencing the Indebtedness of the Borrower as a result of the refinancing of the Outstanding Principal Amount agreed herein, including the amounts of principal, interest and other amounts paid and those payable to the Lender from time to time under this Agreement evidencing such Indebtedness. The entries made by the Lender in such accounts shall constitute prima facie evidence of the existence and amounts of the Indebtedness and other obligations under this Agreement therein recorded; provided, however, that the failure of the Lender to maintain such account or accounts, or any error therein, shall not in any manner affect the obligations of the Borrower to pay the Outstanding Principal Amount to the Lender, accrued interest thereon and other Obligations incurred by the Borrower hereunder in accordance with the terms of this Agreement.
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Lenders’ Accounts. The Lender shall maintain accounts and records evidencing all payments made hereunder, which accounts and records shall constitute, in the absence of manifest error, prima facie evidence thereof.
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Lenders’ Accounts. Each Lender shall maintain in accordance with its usual practice an account or accounts evidencing such Xxxxxx’s portion of the Loan outstanding from time to time, including the amounts of principal and interest payable and paid to such Lender from time to time under this Agreement.
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Lenders’ Accounts. Lender shall maintain on its books in accordance with its usual practice an account or accounts with respect to the Loan, which account or accounts shall include, without limitation, (i) the outstanding principal amount of the Credit Facility, (ii) the amount of principal and interest due under the Credit Facility and the required payment dates, (iii) all other fees, costs, expenses, losses and indemnities due under this Loan Agreement or any other Loan Document, and (iv) all amounts received by Lender with respect to the foregoing. For purposes of any legal action or proceeding arising out of or in connection with this Loan Agreement or any other Loan Document, and for all other purposes, the entries made in such account or accounts maintained by Lender pursuant to this Section 11.1 shall create a presumption as to the existence and amounts of the foregoing, absent manifest error. The failure by Lender to maintain such account or accounts shall not in any manner affect the Indebtedness.
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Related to Lenders’ Accounts

  • Collateral Accounts Evidence that the Collateral Accounts have been established;

  • Loan Accounts (a) The Loans made by each Bank shall be evidenced by one or more loan accounts or records maintained by such Bank in the ordinary course of business. The loan accounts or records maintained by the Agent and each Bank shall be conclusive absent manifest error of the amount of the Loans made by the Banks to the Company and the interest and payments thereon. Any failure so to record or any error in doing so shall not, however, limit or otherwise affect the obligation of the Company hereunder to pay any amount owing with respect to the Loans.

  • Cash Collateral Accounts Maintain, and cause each of the other Loan Parties to maintain, all Cash Collateral Accounts with Bank of America or another commercial bank located in the United States, which has accepted the assignment of such accounts to the Administrative Agent for the benefit of the Secured Parties pursuant to the terms of the Security Agreement.

  • Designated Accounts The Collection Account, the Note Distribution Account and the Reserve Account, collectively. Determination Date: The tenth day of each calendar month, or if such tenth day is not a Business Day, the next succeeding Business Day. Discount Rate: 0.00% per annum.

  • MEMBER'S ACCOUNTS The Member will maintain separate capital and distribution accounts. The Member's capital account will be determined and maintained in the manner set forth in Treasury Regulation 1.704-1(b)(2)(iv), each capital account will consist of the Member’s initial capital contribution:

  • Funds and Accounts Section 7.1. Authorization to Create Funds and Accounts 20 Section 7.2. Investment of Funds 20 Section 7.3. Establishment of Funds 21 Section 7.4. Funding Loan Payment Fund 21 Section 7.5. Expense Fund 22 Section 7.6. Closing Costs 22 Section 7.7. Project Fund 22 Section 7.8. Rebate Fund 24

  • Facility LC Collateral Account The Borrower agrees that it will, upon the request of the Agent or the Required Lenders and until the final expiration date of any Facility LC and thereafter as long as any amount is payable to the LC Issuer or the Lenders in respect of any Facility LC, maintain a special collateral account pursuant to arrangements satisfactory to the Agent in its Permitted Discretion (the “Facility LC Collateral Account”) at the Agent’s office at the address specified pursuant to Article XIII, in the name of the Borrower but under the sole dominion and control of the Agent, for the benefit of the Lenders and in which the Borrower shall have no interest other than as set forth in Section 8.1. Nothing in this Section 2.1.2(j) shall either obligate the Agent to require the Borrower to deposit any funds in the Facility LC Collateral Account or limit the right of the Agent to release any funds held in the Facility LC Collateral Account in each case other than as required by Section 8.1. The Borrower hereby pledges, assigns and grants to the Agent, on behalf of and for the ratable benefit of the Lenders and the LC Issuer, a security interest in all of the Borrower’s right, title and interest in and to all funds which may from time to time be on deposit in the Facility LC Collateral Account to secure the prompt and complete payment and performance of the Secured Obligations. The Agent will invest any funds on deposit from time to time in the Facility LC Collateral Account in certificates of deposit of Chase having a maturity not exceeding thirty days.

  • Project Accounts The Grantee agrees to establish and maintain for the Project either a separate set of accounts or accounts within the framework of an established accounting system, in a manner consistent with 49 C.F.R. § 18.20, or 49 C.F.R. § 19.21, as amended, whichever is applicable.

  • Linked Accounts All accounts with the Bank that you enroll in a service will be linked by the tax identification numbers of the persons authorized to access the account. The linked accounts will appear together without regard to the ownership of the accounts. For example, if an authorized user of a linked account accesses the Service, that authorized user will be able to view and access at a single time the following accounts: • the accounts of the business for which that person is an authorized user; • the accounts of any other business for which that person is an authorized user; and • any consumer accounts for which the person is a co-owner or authorized signer.

  • Blocked Accounts Agent shall have received duly executed agreements establishing the Blocked Accounts or Depository Accounts with financial institutions acceptable to Agent for the collection or servicing of the Receivables and proceeds of the Collateral;

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