Common use of Loan Account and Accounting Clause in Contracts

Loan Account and Accounting. The Administrative Agent shall maintain a loan account (the “Loan Account”) on its books to record the Loan, all payments made by the Borrowers with respect to such Loan, and all other debits and credits as provided in this Agreement with respect to such Loan or any other Obligations with respect to such Loan. All entries in the Loan Account shall be made in accordance with the Administrative Agent’s customary accounting practices as in effect from time to time. The balance in the Loan Account, as recorded on the Administrative Agent’s most recent printout or other written statement, shall, absent manifest error, be presumptive evidence of the amounts due and owing to the Administrative Agent and the Lenders by the Borrowers; provided, that any failure to so record or any error in so recording shall not limit or otherwise affect the Borrowers’ duty to pay the Obligations with respect to the Loan. The Administrative Agent shall render to the Borrower Agent a monthly accounting of transactions with respect to each Loan setting forth the balance of the Loan Account for the immediately preceding month. Each Lender may rely on the Loan Account as evidence of the amount of Obligations with respect to the Loan from time to time owing to it. Unless the Borrowers notify the Administrative Agent in writing of any objection to any such accounting (specifically describing the basis for such objection), within thirty (30) days after the date thereof, each and every such accounting shall be presumptive evidence of all matters reflected therein. Only those items expressly objected to in such notice shall be deemed to be disputed by the Borrowers.

Loan Account and Accounting. The Administrative Agent shall maintain a loan account (the “"Loan Account”") on its books to record the Loanrecord: (a) all Revolving Credit Advances, (b) all payments made by the Borrowers with respect to such LoanBorrowers, and (c) all other debits and credits as provided in this Agreement with respect to such Loan the Revolving Credit Advances or any other Obligations with respect to such LoanObligations. All entries in the Loan Account shall be made in accordance with the Administrative Agent’s 's customary accounting practices as in effect from time to time. The balance in the Loan Account, as recorded on the Administrative Agent’s 's most recent printout or other written statement, shall, absent manifest error, shall be presumptive evidence of the amounts due and owing to the Administrative Agent and the Lenders by the Borrowerseach Borrower; provided, provided that any failure to so record or any error in so recording shall not limit or otherwise affect the Borrowers’ any Borrower's duty to pay the Obligations with respect to the LoanObligations. The Administrative Agent shall render to the Borrower Agent Representative a monthly accounting of transactions with respect to each the Revolving Loan setting forth the balance of the Loan Account for the immediately preceding month. Each Lender may rely on the Loan Account as evidence of the amount of Obligations with respect to the Loan from time to time owing to iteach Borrower. Unless the Borrowers notify the Administrative Borrower Representative notifies Agent in writing of any objection to any such accounting (specifically describing the basis for such objection), within thirty (30) days after the date thereof, each and every such accounting shall (absent manifest error) be presumptive evidence of deemed final, binding and conclusive upon Borrowers in all respects as to all matters reflected therein. Only those items expressly objected to in such notice shall be deemed to be disputed by the Borrowers.