Common use of Loan Account Clause in Contracts

Loan Account. Lender shall enter all Loans as debits to the Loan Account and shall also record in the Loan Account all payments made by Borrower on any Obligations and all proceeds of Collateral which are finally paid to Lender, and may record therein, in accordance with customary accounting practice, other debits and credits, including interest and all charges and expenses properly chargeable to Borrower.

Appears in 13 contracts

Samples: Loan and Security Agreement (Iwt Tesoro Corp), Loan and Security Agreement (Iwt Tesoro Corp), Loan and Security Agreement (Allied Healthcare Products Inc)

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Loan Account. Lender shall enter all Loans as debits to the Loan Account and shall also record in the Loan Account all payments made by Borrower on any Obligations and all proceeds of Collateral which are finally paid to Lender, and may record therein, in accordance with customary accounting practice, other debits and credits, including interest and all charges and expenses properly chargeable to BorrowerBorrower and any other Obligation.

Appears in 4 contracts

Samples: Loan and Security Agreement (DXP Enterprises Inc), Loan and Security Agreement (DXP Enterprises Inc), Loan and Security Agreement (Index Inc)

Loan Account. Lender shall enter all Loans as debits to the Loan Account and shall also record in the Loan Account all payments made by Borrower Borrowers on any Obligations and all proceeds of Collateral which are finally paid to Lender, and may record therein, in accordance with customary accounting practice, other debits and credits, including interest and all charges and expenses properly chargeable to BorrowerBorrowers.

Appears in 3 contracts

Samples: Loan and Security Agreement (Eagle Pacific Industries Inc/Mn), Loan and Security Agreement (D & K Healthcare Resources Inc), Loan and Security Agreement (Mothers Work Inc)

Loan Account. Lender shall enter all Loans as debits to the Loan Account and also shall also record in the Loan Account all payments made by Borrower on any Obligations and all proceeds of Collateral which are finally paid to Lender, and may record therein, in accordance with customary accounting practicepractices, other debits and credits, including interest and all charges and expenses properly chargeable to Borrower.

Appears in 2 contracts

Samples: Loan and Security Agreement (Meade Instruments Corp), Loan and Security Agreement (Meade Instruments Corp)

Loan Account. Lender shall enter all Loans as debits to the Loan Account and shall also record in the Loan Account all payments made by Borrower on any Obligations and all proceeds of Collateral which are finally paid to Lender, and may record therein, in accordance with customary accounting practice, other debits and credits, including interest and all charges and expenses properly chargeable to Borrower.

Appears in 2 contracts

Samples: Loan and Security Agreement (Eagle Supply Group Inc), Loan and Security Agreement (Eagle Supply Group Inc)

Loan Account. Lender shall enter all Loans as debits to the Loan Account and shall also record in the Loan Account all payments made by Borrower Borrowers on any Obligations and all proceeds of Collateral which are finally paid to Lender, and may record therein, in accordance with customary accounting practice, other debits and credits, including interest and all charges and expenses properly chargeable to BorrowerBorrowers.

Appears in 1 contract

Samples: And Consolidated Loan and Security Agreement (Eagle Supply Group Inc)

Loan Account. Lender shall enter all Loans as debits to the Loan Account and shall also record in the Loan Account all payments made by Borrower on any Obligations and all proceeds of Collateral which are finally paid to Lender, and may record therein, in accordance with customary accounting practice, other debits and credits, including interest and all charges and expenses properly chargeable to BorrowerBorrower and any other Obligation.

Appears in 1 contract

Samples: Loan and Security Agreement (Red Man Pipe & Supply Co)

Loan Account. Lender shall enter all Loans as debits to the Loan ------------ Account and shall also record in the Loan Account all payments made by Borrower on any Obligations and all proceeds of Collateral which are finally paid to Lender, and may record therein, in accordance with customary accounting practice, other debits and credits, including interest and all charges and expenses properly chargeable to Borrower.

Appears in 1 contract

Samples: Loan and Security Agreement (Seranova Inc)

Loan Account. Lender shall enter all Loans as debits to the Loan Account and shall also record in the Loan Account all payments made by Borrower on any Obligations and all proceeds of Collateral which are finally paid to LenderLoans, and may record therein, in accordance with customary accounting practice, other debits and credits, including interest and all charges and expenses properly chargeable to BorrowerBorrower hereunder.

Appears in 1 contract

Samples: Loan Agreement (Inbrand Corp)

Loan Account. Lender shall enter all Loans as debits to the Loan Account and shall also record in the Loan Account all payments made by Borrower on any Obligations a Loan and all proceeds of Collateral which are finally paid to Lender, and may record therein, in accordance with customary accounting practice, other debits and credits, including interest and all charges and expenses properly chargeable to BorrowerBorrower hereunder.

Appears in 1 contract

Samples: Loan and Security Agreement (Lowrance Electronics Inc)

Loan Account. Lender shall enter all Loans as debits to the Loan Account and shall also record in the Loan Account all payments made by Borrower on any Obligations and all proceeds of Collateral which are finally paid to Lender, and may record therein, in accordance with customary accounting practice, other debits and credits, including interest and all charges and expenses properly chargeable to BorrowerBorrower and any other obligation.

Appears in 1 contract

Samples: Consolidated Loan and Security Agreement (DXP Enterprises Inc)

Loan Account. Lender shall enter all Loans as debits to the Loan Account and shall also record in the Loan Account all payments made by Borrower on any Obligations and all proceeds of Collateral which are finally paid to Lender, Lender and may record therein, in accordance with customary accounting practice, other debits and credits, including interest and all charges and expenses properly chargeable to BorrowerBorrower and any other Obligation.

Appears in 1 contract

Samples: Loan and Security Agreement (Franklin Ophthalmic Instruments Co Inc)

Loan Account. Lender shall enter all Loans as debits to the Loan Account and shall also record in the Loan Account all payments made by Borrower Borrowers on any Obligations each Loan and all proceeds of Collateral which are finally paid to Lender, and may record therein, in accordance with customary accounting practicepractices, other debits and credits, including interest and all charges and expenses properly chargeable to BorrowerBorrower hereunder.

Appears in 1 contract

Samples: Loan and Security Agreement (Cal Dive International Inc)

Loan Account. Lender shall enter all Loans as debits to the Loan Account and also shall also record in the Loan Account all payments made by Borrower on any Obligations and all proceeds of Collateral which that are finally paid to Lender, and may record therein, in accordance with customary accounting practicepractices, other debits and credits, including interest and all charges and expenses properly chargeable to Borrower.,

Appears in 1 contract

Samples: Loan and Security Agreement (Peregrine Real Estate Trust)

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Loan Account. Lender shall enter all Loans as debits to the Loan Account and shall also record in the Loan Account all payments made by Borrower on any Obligations and all proceeds of Collateral which are finally paid to Lender, and may record therein, in accordance with customary accounting practice, other debits and credits, including interest and all charges and expenses properly chargeable to Borrower.

Appears in 1 contract

Samples: Loan and Security Agreement (Rowecom Inc)

Loan Account. Lender shall enter all Loans as debits to the Loan Account and shall also record in the Loan Account all payments made by Borrower on any Obligations and all proceeds of Collateral which are finally paid to Lender, and may record therein, in accordance with customary accounting practicepractices, other debits and credits, including interest and all charges and expenses properly chargeable to Borrower.

Appears in 1 contract

Samples: Loan and Security Agreement (First Aviation Services Inc)

Loan Account. Lender shall enter all Loans as debits to the Loan ------------ Account and shall also record in the Loan Account all payments made by Borrower Borrowers on any Obligations and all proceeds of Collateral which are finally paid to Lender, and may record therein, in accordance with customary accounting practice, other debits and credits, including interest and all charges and expenses properly chargeable to BorrowerBorrowers.

Appears in 1 contract

Samples: Loan and Security Agreement (D & K Healthcare Resources Inc)

Loan Account. Lender shall enter all Loans as debits to the Loan Account and shall also record in the Loan Account all payments made by Borrower on any Obligations and all proceeds of Collateral which are finally paid to Lender, and may record therein, in accordance with customary accounting practice, other debits and credits, including interest and all charges and expenses properly chargeable to Borrower.customary

Appears in 1 contract

Samples: Loan and Security Agreement (Union Drilling Inc)

Loan Account. Lender shall enter all Loans as debits to a loan account (the "Loan Account Account") and shall also record in the Loan Account all payments made by Borrower Borrowers on any Obligations and all proceeds of Collateral which are finally paid to Lender, and may record therein, in accordance with customary accounting practice, other debits and credits, including interest and all charges and expenses properly chargeable to BorrowerBorrowers.

Appears in 1 contract

Samples: Loan and Security Agreement (Vista 2000 Inc)

Loan Account. Lender shall enter all Loans as debits to the Loan Account and shall also record in the Loan Account all payments made by Borrower Borrowers on any Obligations and all proceeds of Collateral or other amounts which are finally paid to Lender, and may record therein, in accordance with customary accounting practice, other debits and credits, including interest and all charges and expenses properly chargeable to any Borrower.

Appears in 1 contract

Samples: Loan and Security Agreement (United Industrial Corp /De/)

Loan Account. Lender shall enter all Loans as debits to the Loan Account and shall also record in the Loan Account all payments made by any Borrower on any Obligations and all proceeds of Collateral which are finally paid to Lender, and may record therein, in accordance with customary accounting practice, other debits and credits, including interest and all charges and expenses properly chargeable to BorrowerBorrowers.

Appears in 1 contract

Samples: Loan and Security Agreement (Measurement Specialties Inc)

Loan Account. Lender shall enter all Loans as debits to the Loan Account and shall also record in the Borrowers' Loan Account all payments made by each Borrower on any Obligations such Loans and all proceeds of Collateral which are finally paid to Lender, and may record therein, in accordance with customary accounting practice, other debits and credits, including interest and all charges and expenses properly chargeable to BorrowerBorrowers hereunder.

Appears in 1 contract

Samples: Loan and Security Agreement (CFP Holdings Inc)

Loan Account. Lender Lenders shall enter all Loans as debits to the Loan Account and shall also record in the Loan Account all payments made by Borrower Borrowers on any Obligations each Loan and all proceeds of Collateral which are finally paid to LenderLenders, and may record therein, in accordance with customary accounting practicepractices, other debits and credits, including interest and all charges and expenses properly chargeable to BorrowerBorrower hereunder.

Appears in 1 contract

Samples: Loan and Security Agreement (Cal Dive International Inc)

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