Common use of Liability Records Clause in Contracts

Liability Records. The Lender may maintain from time to time, at its discretion, records as to the Obligations. All entries made on any such record shall be presumed correct until the Borrower establishes the contrary. Upon the Lender's demand, the Borrower will admit and certify in writing the exact principal balance of the Obligations that the Borrower then asserts to be outstanding. Any billing statement or accounting rendered by the Lender shall be conclusive and fully binding on the Borrower unless the Borrower gives the Lender specific written notice of exception within 30 days after receipt.

Appears in 15 contracts

Samples: Credit and Security Agreement (Pro Dex Inc), Credit and Security Agreement (Pro Dex Inc), Credit and Security Agreement (Smartheat Inc.)

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Liability Records. The Lender may maintain from time to time, at its discretion, records as to the Obligations. All entries made on any such record shall be presumed correct until the Borrower establishes the contrary. Upon the Lender's ’s demand, the Borrower will admit and certify in writing the exact principal balance of the Obligations that the Borrower then asserts to be outstanding. Any billing statement or accounting rendered by the Lender shall be conclusive and fully binding on the Borrower unless the Borrower gives the Lender specific written notice of exception within 30 days after receipt.

Appears in 13 contracts

Samples: Credit and Security Agreement (Digital Angel Corp), Credit and Security Agreement (Corsair Components, Inc.), Term Loan Agreement (Municipal Mortgage & Equity LLC)

Liability Records. The Lender may maintain from time to time, at its discretion, records as to the ObligationsIndebtedness. All entries made on any such record shall be presumed correct until the Borrower establishes the contrary. Upon the Lender's ’s demand, the Borrower will admit and certify in writing the exact principal balance of the Obligations Indebtedness that the Borrower then asserts to be outstanding. Any billing statement or accounting rendered by the Lender shall be conclusive and fully binding on the Borrower unless the Borrower gives the Lender specific written notice of exception within 30 days after receipt.

Appears in 10 contracts

Samples: Credit and Security Agreement (Pure Earth, Inc.), Credit and Security Agreement (Delphax Technologies Inc), Credit and Security Agreement (Hei Inc)

Liability Records. The Lender may maintain from time to time, at its discretion, records as to the ObligationsIndebtedness. All entries made on any such record shall be presumed correct until the Borrower establishes Borrowers establish the contrary. Upon the Lender's ’s demand, the Borrower Borrowers will admit and certify in writing the exact principal balance of the Obligations Indebtedness that the Borrower Borrowers then asserts assert to be outstanding. Any billing statement or accounting rendered by the Lender shall be conclusive and fully binding on the Borrower Borrowers unless the Borrower gives Borrowers give the Lender specific written notice of exception within 30 days after receipt.

Appears in 3 contracts

Samples: Credit and Security Agreement (Global Employment Holdings, Inc.), Credit and Security Agreement (Pacific Cma Inc), Credit and Security Agreement (Global Employment Holdings, Inc.)

Liability Records. The Lender may maintain from time to time, at its discretion, records as to the Obligations. All entries made on any such record shall be presumed correct until the Borrower establishes the contrary. Upon the Lender's ’s demand, the Borrower will admit and certify in writing the exact principal balance of the Obligations that the Borrower then asserts to be outstanding. Any billing statement or accounting rendered by the Lender shall be conclusive and fully binding on the Borrower unless the Borrower gives the Lender specific written notice of exception within 30 days after receipt.

Appears in 3 contracts

Samples: Credit and Security Agreement (Boots & Coots International Well Control Inc), Credit and Security Agreement (Landec Corp \Ca\), Credit and Security Agreement (Landec Corp \Ca\)

Liability Records. The Lender may maintain from time to time, at its discretion, records as to the Obligations. All entries made on any such record shall be presumed correct until the Borrower establishes the contrary. Upon the Lender's ’s demand, the Borrower will admit and certify in writing the exact principal balance of the Obligations that the Borrower then asserts to be outstanding. Any billing statement or accounting rendered by the Lender shall be conclusive and fully binding on the Borrower unless the Borrower gives the Lender specific written notice of exception within 30 60 days after receipt.

Appears in 3 contracts

Samples: Credit and Security Agreement   by And (uBid.com Holdings, Inc.), Credit and Security Agreement (Exabyte Corp /De/), Credit and Security Agreement (Exabyte Corp /De/)

Liability Records. The Lender may maintain from time to time, at its discretion, records as to the Obligations. All entries made on any such record shall be presumed correct until the Borrower establishes the contrary. Upon the Lender's ’s demand, the Borrower will admit and certify in writing the exact principal balance of the Obligations that the Borrower then asserts to be outstanding. Any billing statement or accounting rendered by the Lender shall be conclusive and fully binding on the Borrower unless the Borrower gives the Lender specific written notice of exception within 30 45 days after receipt.

Appears in 2 contracts

Samples: Credit and Security Agreement (Christopher & Banks Corp), Credit and Security Agreement (Christopher & Banks Corp)

Liability Records. The Lender may maintain from time to time, at its discretion, records as to the ObligationsIndebtedness. All entries made on any such record shall be presumed correct until the Borrower establishes Borrowers establish the contrary. Upon the Lender's demand, the Borrower Borrowers will admit and certify in writing the exact principal balance of the Obligations Indebtedness that the Borrower Borrowers then asserts assert to be outstanding. Any billing statement or accounting rendered by the Lender shall be conclusive and fully binding on the Borrower Borrowers unless the Borrower gives Borrowers give the Lender specific written notice of exception within 30 days after receipt.

Appears in 2 contracts

Samples: Credit and Security Agreement (Misonix Inc), Credit and Security Agreement (Misonix Inc)

Liability Records. The Lender may maintain from time to time, at its discretion, liability records as to the Obligations. All entries made on any such record shall be presumed correct until the Borrower establishes Borrowers establish the contrary. Upon the Lender's demand, the Borrower Borrowers will admit and certify in writing the exact principal balance of the Obligations that the Borrower Borrowers then asserts assert to be outstanding. Any billing statement or accounting rendered by the Lender shall be conclusive and fully binding on the Borrower Borrowers unless the Borrower gives Borrowers give the Lender specific written notice of exception within 30 days after receipt.

Appears in 2 contracts

Samples: Credit and Security Agreement (Microtel International Inc), Credit and Security Agreement (Nu Kote Holding Inc /De/)

Liability Records. The Lender may maintain from time to time, at its discretion, liability records as to the Obligations. All entries made on any such record shall be presumed correct until the Borrower establishes Borrowers establish the contrary. Upon the Lender's demand, the Borrower Borrowers will admit and certify in writing the exact principal balance of the Obligations that the Borrower Borrowers then asserts assert to be outstanding. Any billing statement or accounting rendered by the Lender shall be conclusive and fully binding on the Borrower Borrowers unless the Parent Borrower gives the Lender specific written notice of exception within 30 days after receipt.

Appears in 2 contracts

Samples: Credit and Security Agreement (Leather Factory Inc), Credit and Security Agreement (Eagle Geophysical Inc)

Liability Records. The Lender may maintain from time to time, at its discretion, liability records as to the Obligations. All entries made on any such record shall be presumed correct until the a Borrower establishes the contrary. Upon the Lender's ’s demand, the each Borrower will admit and certify in writing the exact principal balance of the Obligations that the such Borrower then asserts to be outstanding. Any billing statement or accounting rendered by the Lender shall be conclusive and fully binding on the Borrower Borrowers unless the Borrower gives Borrowers give the Lender specific written notice of exception within 30 days after receipt.

Appears in 2 contracts

Samples: Credit and Security Agreement (Heska Corp), Credit and Security Agreement (Heska Corp)

Liability Records. The Lender may shall maintain from time to time, at its discretion, liability records as to the Obligations. All entries made on any such record shall be presumed correct until the Borrower establishes establish the contrary. Upon the Lender's demand, the Borrower will admit and certify in writing the exact principal balance of the Obligations that the Borrower then asserts to be outstanding. Any billing statement or accounting rendered by the Lender shall be conclusive and fully binding on the Borrower unless the Borrower gives the Lender specific written notice of exception within 30 days after receipt.

Appears in 2 contracts

Samples: Credit and Security Agreement (Allis Chalmers Corp), Credit and Security Agreement (Allis Chalmers Corp)

Liability Records. The Lender may maintain from time to time, at its discretion, records as to the Obligations. All entries made on any such record shall be presumed correct until the Borrower establishes Borrowers establish the contrary. Upon the Lender's ’s demand, the Borrower Borrowers will admit and certify in writing the exact principal balance of the Obligations that the Borrower Borrowers then asserts assert to be outstanding. Any billing statement or accounting rendered by the Lender shall be conclusive and fully binding on the Borrower Borrowers unless the Borrower gives Borrowers give the Lender specific written notice of exception within 30 days after receipt.

Appears in 1 contract

Samples: Loan and Security Agreement (Vein Associates of America Inc)

Liability Records. The Lender may maintain from time to time, at its discretion, liability records as to the Obligations. All entries made on any such record shall be presumed correct until the any Borrower establishes the contrary. Upon the Lender's demand, the each Borrower will admit and certify in writing the exact principal balance of the Obligations that the such Borrower then asserts to be outstanding. Any billing statement or accounting rendered by the Lender shall be conclusive and fully binding on the Borrower Borrowers unless the Borrower gives Borrowers give the Lender specific written notice of exception within 30 days after receipt.

Appears in 1 contract

Samples: Credit and Security Agreement (Pentastar Communications Inc)

Liability Records. The Lender may maintain from time to time, at its discretion, records as to the Obligations. All entries made on any such record shall be presumed correct until the Borrower establishes Borrowers establish the contrary. Upon the Lender's ’s demand, the Borrower Borrowers will admit and certify in writing the exact principal balance of the Obligations that the Borrower Borrowers then asserts assert to be outstanding. Any billing statement or accounting rendered by the Lender shall be conclusive and fully binding on the Borrower Borrowers unless the Borrower Borrowers gives the Lender specific written notice of exception within 30 thirty (30) days after receipt.

Appears in 1 contract

Samples: Credit and Security Agreement (Orion Energy Systems, Inc.)

Liability Records. The Lender may maintain from time to time, at its discretion, liability records as to the Obligations. All entries made on any such record shall be presumed correct until the Borrower establishes the contrary. Upon the Lender's demandrequest, the Borrower will review, admit and certify in writing the exact principal balance of the Obligations that the Borrower then asserts to be outstanding. Any billing statement or accounting rendered by the Lender and delivered to the Borrower shall be conclusive and fully binding on the Borrower unless the Borrower gives the Lender specific written notice of exception within 30 thirty (30) days after receiptreceipt by the Borrower.

Appears in 1 contract

Samples: Credit and Security Agreement (Telular Corp)

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Liability Records. The Lender may maintain from time to time, at its discretion, records as to the Obligations. All entries made on any such record shall be presumed correct until the Borrower establishes the contrary. Upon the Lender's ’s written demand, the Borrower will admit and certify in writing the exact principal balance of the Obligations that the Borrower then asserts to be outstanding. Any billing statement or accounting rendered by the Lender shall be conclusive and fully binding on the Borrower unless the Borrower gives the Lender specific written notice of exception within 30 days after receipt.

Appears in 1 contract

Samples: Credit and Security Agreement (Infotech Usa Inc)

Liability Records. The Lender may maintain from time to time, at its discretion, records as to the Obligations. All entries made on any such record shall be presumed correct until the Borrower establishes the contrary. Upon the Lender's demand, the Borrower will admit and certify in writing the exact principal balance of the Obligations that the Borrower then asserts to be outstanding. Any billing statement or accounting rendered by the Lender shall be conclusive and fully binding on the Borrower unless the Borrower gives the Lender specific written notice of exception within 30 days after receipt.. Section 2.17.........

Appears in 1 contract

Samples: Credit and Security Agreement (Kitty Hawk Inc)

Liability Records. The Lender may maintain from time to time, at its discretion, liability records as to the Obligations. All entries made on any such record shall be presumed correct until the Borrower establishes the contrary. Upon the Lender's ’s demand, the Borrower will admit and certify in writing the exact principal balance of the Obligations that the Borrower then asserts to be outstanding. Any billing statement or accounting rendered by the Lender shall be conclusive and fully binding on the Borrower unless the Borrower gives the Lender specific written notice of exception within 30 days after receipt.

Appears in 1 contract

Samples: Credit and Security Agreement (San Holdings Inc)

Liability Records. The Lender may maintain from time to time, at its discretion, records as to the Obligations. All entries made on any such record shall be presumed correct until the Borrower establishes Borrowers establish the contrary. Upon the Lender's ’s demand, the Borrower Borrowers will admit and certify in writing the exact principal balance of the Obligations that the Borrower Borrowers then asserts assert to be outstanding. Any billing statement or accounting rendered by the Lender shall be conclusive and fully binding on the Borrower Borrowers unless the Administrative Borrower gives the Lender specific written notice of exception within 30 days after receipt.

Appears in 1 contract

Samples: Credit and Security Agreement (Smtek International Inc)

Liability Records. The Lender may maintain from time to time, at its discretion, records as to the Obligations. All entries made on any such record shall be presumed correct until the Borrower establishes Borrowers establish the contrary. Upon the Lender's demand, the Borrower Borrowers will admit and certify in writing the exact principal balance of the Obligations that the Borrower Borrowers then asserts assert to be outstanding. Any billing statement or accounting rendered by the Lender shall be conclusive and fully binding on the Borrower Borrowers unless the Borrower gives Borrowers give the Lender specific written notice of exception within 30 days after receipt.

Appears in 1 contract

Samples: Credit and Security Agreement (Netlist Inc)

Liability Records. The Lender may maintain from ------------------ time to time, at its discretion, records as to the Obligations. All entries made on any such record shall be presumed correct until the Borrower establishes the contrary. Upon the Lender's demand, the Borrower will admit and certify in writing the exact principal balance of the Obligations that the Borrower then asserts to be outstanding. Any billing statement or accounting rendered by the Lender shall be conclusive and fully binding on the Borrower unless the Borrower gives the Lender specific written notice of exception within 30 days after receipt.

Appears in 1 contract

Samples: Credit and Security Agreement (Primesource Healthcare Inc)

Liability Records. The Lender may maintain from time to time, at its discretion, liability records as to the Obligations. All entries made on any such record shall be presumed correct until the Borrower establishes the contrary. Upon the Lender's demand, demand the Borrower will admit and certify in writing the exact principal balance of the Obligations that the Borrower then asserts to be outstanding. Any billing statement or accounting rendered by the Lender shall be conclusive and fully binding on the Borrower unless the Borrower gives the Lender specific written notice of exception within 30 days after receipt.

Appears in 1 contract

Samples: Loan Agreement (Southside Bancshares Corp)

Liability Records. The Lender may maintain from time to time, at its discretion, records as to the Obligations. All entries made on any such record shall be presumed correct until the Borrower establishes establish the contrary. Upon the Lender's ’s demand, the Borrower will admit and certify in writing the exact principal balance of the Obligations that the Borrower then asserts assert to be outstanding. Any billing statement or accounting rendered by the Lender shall be conclusive and fully binding on the Borrower unless the Borrower gives give the Lender specific written notice of exception within 30 days after receipt.

Appears in 1 contract

Samples: Credit and Security Agreement (Pw Eagle Inc)

Liability Records. The Lender may maintain from time to time, at its discretion, records as to the Obligations. All entries made on any such record shall be presumed correct until the Borrower establishes Borrowers establish the contrary. Upon the Lender's demand, the Borrower Borrowers will admit and certify in writing the exact principal balance of the Obligations that the Borrower Borrowers then asserts assert to be outstanding. Any billing statement or accounting rendered by the Lender shall be conclusive and fully binding on the Borrower Borrowers unless the Parent Borrower gives the Lender specific written notice of exception within 30 days after receipt.

Appears in 1 contract

Samples: Credit and Security Agreement (Leather Factory Inc)

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