Common use of Liability Records Clause in Contracts

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, 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 19 contracts

Samples: Credit and Security Agreement (Nebo Products Inc), Credit and Security Agreement (Ultra Pac Inc), Credit and Security Agreement (Meteor Industries Inc)

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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, 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 thirty (30) days after receipt.

Appears in 7 contracts

Samples: Credit and Security Agreement (Naturade Inc), Credit and Security Agreement (Educational Insights Inc), Credit and Security Agreement (Organic Food Products 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, 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 (Laser Power Corp/Fa), Credit and Security Agreement (Fourth Shift Corp), Credit and Security Agreement (Chaparral Network Storage 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 thirty (30) days after receipt.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Zareba Systems Inc), Credit and Security Agreement (Landec Corp \Ca\)

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, 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: Revolving Credit and Security Agreement (Brauns Fashions Corp), Credit and Security Agreement (First Team Sports 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 Parent Borrower gives the Lender specific written notice of exception within 30 days after receiptreceipt by the Parent Borrower.

Appears in 1 contract

Samples: Credit and Security Agreement (Luminant Worldwide Corp)

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, 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 (Bentley International 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 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 a Borrower gives the Lender specific written notice of exception within 30 thirty (30) days after receipt.

Appears in 1 contract

Samples: Security Agreement (Allis Chalmers Corp)

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, the Borrower will admit Credit and Security Agreement - 16 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 (Ag Bag International LTD)

Liability Records. The Lender may maintain from time to time, at its discretion, liability 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 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 (Emrise CORP)

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Liability Records. The Lender may shall maintain from time to time, at its discretion, liability ----------------- records as to the Obligationsany and all Advances made or repaid and interest accrued or paid under this Agreement. All entries made on any such record shall be presumed correct until the Borrower establishes the contrary. Upon On demand by 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 outstandingoutstanding to the Lender for Advances under this Agreement. 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 is given to the Lender by the Borrower within 30 days after receiptits receipt by the Borrower.

Appears in 1 contract

Samples: Credit and Security Agreement (Data National Corp)

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 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 and delivered to Ramtron shall be conclusive and fully binding on the applicable Borrower unless the such Borrower gives the Lender specific written notice of exception within 30 days after receipt.

Appears in 1 contract

Samples: Credit and Security Agreement (Ramtron International Corp)

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 Credit and Security Agreement 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 (Winland Electronics Inc)

Liability Records. The Lender may maintain from time to time, at its discretion, liability 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 (absent manifest error) and fully binding on the Borrower unless the Borrower gives the Lender specific written notice of exception within 30 days after receiptreceipt of such statement or accounting by Borrower.

Appears in 1 contract

Samples: Credit and Security Agreement (Digital Angel Corp)

Liability Records. The Lender may maintain from time to ----------------- time, at its discretion, liability 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 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 1 contract

Samples: Credit and Security Agreement (Ronson Corp)

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, 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 (Act Teleconferencing Inc)

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