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 any 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 Borrowers establish the contrary. On demand by the Lender, the Borrowers will admit and certify in writing the exact principal balance that the Borrowers then assert to be outstanding to the Lender under this Agreement. In the absence of manifest error, any billing statement or accounting rendered by the Lender shall be conclusive and fully binding on the Borrowers unless specific written notice of exception is given to the Lender by the Borrowers within 30 days after its receipt by the Borrowers.

Liability Records. The Lender may maintain from time to time, at its discretion, liability records as to any and all advances 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 Borrowers establish Borrower establishes the contrary. On demand by the Lender, the Borrowers Borrower will admit and certify in writing the exact principal balance that the Borrowers Borrower then assert asserts to be outstanding to the Lender for Advances under this Agreement. In the absence of manifest error, any Any billing statement or accounting rendered by the Lender shall be conclusive and fully binding on the Borrowers Borrower unless specific written notice of exception is given to the Lender by the Borrowers Borrower within 30 days after its receipt by the BorrowersBorrower of said billing statement or accounting, or within 30 days after completion of the Borrower's next annual audit by its outside accounting firm.

Liability Records. The Lender may maintain from time to time, at its discretion, liability records as to any and all advances 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 Borrowers establish Borrower establishes the contrary. On demand by the Lender, the Borrowers Borrower will admit and certify in writing the exact principal balance that the Borrowers which Borrower then assert asserts to be outstanding to the Lender for Advances under this Agreement. In the absence of manifest error, any Any billing statement or accounting rendered by the Lender shall be conclusive and fully binding on the Borrowers Borrower unless specific written notice of exception is given to the Lender by the Borrowers Borrower within 30 120 days after its receipt by the BorrowersBorrower.