Common use of Loan Account Clause in Contracts

Loan Account. Each Lender shall maintain, in accordance with its usual practice, an account evidencing the amounts from time to time lent by, owing to and paid to it under the Security Documents. The Agent and/or the Security Trustee shall maintain a control account showing the Loan, the Advances and other sums owing by the Borrowers under the Security Documents and all payments in respect thereof being made from time to time. The control account shall, in the absence of manifest error, be prima facie evidence of the amount from time to time owing by the Borrowers under the Security Documents.

Appears in 14 contracts

Samples: Agreement (Navios Maritime Holdings Inc.), Agreement (Navios Maritime Acquisition CORP), Agreement (Navios Maritime Partners L.P.)

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Loan Account. Each Lender Bank shall maintain, in accordance with its usual practice, an account evidencing the amounts from time to time lent by, owing to and paid to it under the Security Documents. The Agent and/or the Security Trustee Agent shall maintain a control account showing the Loan, the Advances Loan and other sums owing by the Borrowers under the Security Documents and all payments in respect thereof being made from time to time. The control account shall, in the absence of manifest error, be prima facie evidence of conclusive as to the amount from time to time owing by the Borrowers under the Security Documents.

Appears in 6 contracts

Samples: Supplemental Agreement (Quintana Shipping Ltd.), Loan Agreement (Quintana Shipping Ltd.), Agreement (Quintana Shipping Ltd.)

Loan Account. Each Lender shall maintain, in accordance with its usual practice, an account evidencing the amounts from time to time lent by, owing to and paid to it under the Security Documents. The Agent and/or the Security Trustee shall maintain a control account showing the Loan, the Advances Loan and other sums owing by the Borrowers Borrower under the Security Documents and all payments in respect thereof being made from time to time. The control account shall, in the absence of manifest error, be prima facie evidence of the amount from time to time owing by the Borrowers Borrower under the Security Documents.

Appears in 4 contracts

Samples: Facility Agreement (Pyxis Tankers Inc.), Agreement (Navios Maritime Partners L.P.), Euroseas Ltd.

Loan Account. Each Lender shall maintain, in accordance with its usual practice, an account evidencing the amounts from time to time lent by, owing to and paid to it under the Security Documents. The Agent and/or the Security Trustee shall maintain a control account showing the Loan, the Advances and other sums owing by the Borrowers Borrower under the Security Documents and all payments in respect thereof being made from time to time. The control account shall, in the absence of manifest error, be prima facie evidence of the amount from time to time owing by the Borrowers Borrower under the Security Documents.

Appears in 4 contracts

Samples: Agreement (Navios Maritime Holdings Inc.), Private and Confidential (Navios Maritime Holdings Inc.), Agreement (Navios Maritime Holdings Inc.)

Loan Account. Each Lender shall maintain, in accordance with its usual practice, an account evidencing the amounts from time to time lent by, owing to and paid to it under the Security Documents. The Payment Agent and/or the Security Trustee shall maintain a control account showing the Loan, the Advances Loan and other sums owing by the Borrowers Borrower under the Security Documents and all payments in respect thereof being made from time to time. The control account shall, in the absence of manifest error, be prima facie evidence of the amount from time to time owing by the Borrowers Borrower under the Security Documents.

Appears in 3 contracts

Samples: Agreement, Agreement (Navios Maritime Partners L.P.), Navios Maritime Partners L.P.

Loan Account. Each Lender shall maintain, in accordance with its usual practice, an account evidencing the amounts from time to time lent by, owing to and paid to it under the Security Documents. The Payment Agent and/or the Security Trustee shall maintain a control account showing the Loan, the Advances and other sums owing by the Borrowers Borrower under the Security Documents and all payments in respect thereof being made from time to time. The control account shall, in the absence of manifest error, be prima facie evidence of the amount from time to time owing by the Borrowers Borrower under the Security Documents.

Appears in 2 contracts

Samples: Agreement (Navios Maritime Partners L.P.), Agreement (Navios Maritime Partners L.P.)

Loan Account. Each Lender Bank shall maintain, in accordance with its usual practice, an account evidencing the amounts from time to time lent by, owing to and paid to it under the Security Documents. The Security Agent and/or the Security Trustee shall maintain a control account showing the Loan, the Advances interest and other sums owing and/or payable by the Borrowers under the Security Documents and all payments in respect thereof being made from time to timeDocuments. The control account shall, in the absence of manifest error, be prima facie evidence of conclusive as to the amount from time to time owing by the Borrowers under the Security Documents.

Appears in 2 contracts

Samples: Agreement (Diana Containerships Inc.), Loan Agreement (Poseidon Containers Holdings Corp.)

Loan Account. Each Lender shall maintain, in accordance with its usual practice, an account evidencing the amounts from time to time lent by, owing to and paid to it under the Security Documents. The Agent and/or the Security Trustee shall maintain a control account showing the Loan, the Advances Tranches and other sums owing by the Borrowers under the Security Documents and all payments in respect thereof being made from time to time. The control account shall, in the absence of manifest error, be prima facie evidence of the amount from time to time owing by the Borrowers under the Security Documents.

Appears in 2 contracts

Samples: Agreement (Navios Maritime Holdings Inc.), Navios Maritime Holdings Inc.

Loan Account. Each Lender shall maintain, in accordance with its usual practice, an account evidencing the amounts from time to time lent by, owing to and paid to it under the Security Documents. The Agent and/or the Security Trustee Agent shall maintain a control account showing the Loan, the Advances Loan and other sums owing by the Borrowers under the Security Documents and all payments in respect thereof being made from time to time. The control account shall, in the absence of manifest error, be prima facie evidence of conclusive as to the amount from time to time owing by the Borrowers under the Security Documents.

Appears in 2 contracts

Samples: Seanergy Maritime Holdings Corp., Seanergy Maritime Holdings Corp.

Loan Account. Each Lender shall maintain, in accordance with its usual practice, an account evidencing the amounts from time to time lent by, owing to and paid to it under the Security Documents. The Payment Agent and/or the Security Trustee shall maintain a control account showing the Loan, the Advances and other sums owing by the Borrowers under the Security Documents and all payments in respect thereof being made from time to time. The control account shall, in the absence of manifest error, be prima facie evidence of the amount from time to time owing by the Borrowers under the Security Documents.

Appears in 2 contracts

Samples: Navios Maritime Acquisition CORP, Navios Maritime Holdings Inc.

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Loan Account. Each The Lender shall maintain, in accordance with its usual practice, an account evidencing the amounts from time to time lent by, owing to and paid to it under the Security Documents. The Agent and/or the Security Trustee Lender shall maintain a control account or accounts (as the Lender may deem necessary) showing the Loan, the Advances Loan and other sums owing by the Borrowers Borrower under the Security Documents and all payments in respect thereof being made from time to time. The control account shall, in the absence of manifest error, be prima facie evidence of the amount from time to time owing by the Borrowers Borrower under the Security Documents.

Appears in 1 contract

Samples: Agreement (EuroDry Ltd.)

Loan Account. Each Lender Bank shall maintain, in accordance with its usual practice, an account evidencing the amounts from time to time lent by, owing to and paid to it under the Security Documents. The Security Agent and/or the Security Trustee shall maintain a control account (which shall be the account current referred to in each Mortgage) showing the Loan, the Advances interest and other sums owing and/or payable by the Borrowers under the Security Documents and all payments in respect thereof being made from time to timeDocuments. The control account shall, in the absence of manifest error, be prima facie evidence of conclusive as to the amount from time to time owing by the Borrowers under the Security Documents.

Appears in 1 contract

Samples: Agreement (DryShips Inc.)

Loan Account. Each Lender Bank shall maintain, in accordance with its usual practice, an account evidencing the amounts from time to time lent by, owing to and paid to it under the Security Documents. The Agent and/or the Security Trustee shall maintain a control account showing the Loan, the Advances interest and other sums owing and/or payable by the Borrowers under the Security Documents and all payments in respect thereof being made from time to timeDocuments. The control account shall, in the absence of manifest error, be prima facie evidence of conclusive as to the amount from time to time owing by the Borrowers under the Security Documents.

Appears in 1 contract

Samples: Loan Agreement (Diana Shipping Inc.)

Loan Account. Each Lender Bank shall maintain, in accordance with its usual practice, an account evidencing the amounts from time to time lent by, owing to and paid to it under the Security Documents. The Agent and/or the Security Trustee shall maintain a control account showing the Loan, the Advances and other sums owing by the Borrowers Borrower under the Security Documents and all payments in respect thereof being made from time to time. The control account shall, in the absence of manifest error, be prima facie evidence of the amount from time to time owing by the Borrowers Borrower under the Security Documents.

Appears in 1 contract

Samples: Agreement (StealthGas Inc.)

Loan Account. Each Lender Bank shall maintain, in accordance with its usual practice, an account evidencing the amounts from time to time lent by, owing to and paid to it under the Security Documents. The Agent and/or the Security Trustee shall maintain a control account showing the Loan, the Advances Loan and other sums owing by the Borrowers Borrower under the Security Documents and all payments in respect thereof being made from time to time. The control account shall, in the absence of manifest error, be prima facie evidence of the amount from time to time owing by the Borrowers Borrower under the Security Documents.

Appears in 1 contract

Samples: Agreement (Box Ships Inc.)

Loan Account. Each Lender shall maintain, in accordance with its usual practice, an account evidencing the amounts from time to time lent by, owing to and paid to it under the Security Documents. The Agent and/or the Security Trustee shall maintain a control account showing the Loan, the Advances and other sums owing by the Borrowers under the Security Documents and all payments in respect thereof being made from time to time. The control account shall, in the absence of manifest error, be prima facie evidence of conclusive as to the amount from time to time owing by the Borrowers under the Security Documents.

Appears in 1 contract

Samples: Navios Maritime Partners L.P.

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