Loan Accounts and Notes Sample Clauses

Loan Accounts and Notes. (a) The Loans made by the Lender shall be evidenced by one or more loan accounts or records maintained by the Lender in the ordinary course of business. The loan accounts or records maintained by the Lender shall be conclusive absent manifest error of the amount of the Loans made by the Lender to the Borrower and the interest and payments thereon. Any failure so to record or any error in doing so shall not, however, limit or otherwise affect the obligation of the Borrower hereunder to pay any amount owing with respect to the Loans.
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Loan Accounts and Notes. (a) Except as provided in subsection (b) below, the Loans of each Lender shall be evidenced by a loan account in the Company’s name maintained by such Lender and the Administrative Agent in the ordinary course of business. Such loan account maintained by the Administrative Agent shall be conclusive evidence absent manifest error of the amount of the Loan made by such Lender to the Company, the interest accrued and payable thereon and all interest and principal payments made thereon. Any failure so to record or any error in doing so shall in no way limit or otherwise affect the obligation of the Company hereunder to pay any amount owing with respect to the Loans.
Loan Accounts and Notes. (a) Subject to Section 2.02(b), the Loans made by each Bank shall be --------------- evidenced by one or more loan accounts maintained by such Bank in the ordinary course of business. The loan accounts or records maintained by the Administrative Agent and each Bank shall be conclusive absent manifest error of the amount of the Loans made by the Banks to the Company and the interest and payments thereon. Any failure to record or any error in doing so shall not, however, limit or otherwise affect the obligation of the Company hereunder to pay any amount owing with respect to the Loans.
Loan Accounts and Notes. (a) Except as provided in subsection (b) below, the Committed Loans and Money Market Loans of each Bank shall be evidenced by a loan account in the Borrower's name maintained by such Bank and the Agent in the ordinary course of business. Such loan account maintained by the Agent shall be prima facie evidence absent manifest error of the amount of the Loan made by such Bank to the Borrower, the interest accrued and payable thereon and all interest and principal payments made thereon. Any failure so to record or any error in doing so shall in no way limit or otherwise affect the obligation of the Borrower hereunder to pay any amount owing with respect to the Loans.
Loan Accounts and Notes. (a) Subject to Section 2.2(b), the Loans made by each Bank and the fees due hereunder shall be evidenced by one or more loan accounts or records maintained by such Bank in the ordinary course of business. The loan accounts or records maintained by the Administrative Agent and each Bank shall be conclusive absent manifest error of the amount of the Loans made by the Banks to the Company and the interest and payments thereon and fees due hereunder. Any failure so to record or any error in doing so shall not, however, limit or otherwise affect the obligation of the Company hereunder to pay any amount owing with respect to the Loans or such fees.
Loan Accounts and Notes. (a) The Loans made by each Lender and the Letters of Credit issued by the Issuer shall be evidenced by one or more loan accounts or records maintained by such Lender or the Issuer, as the case may be, in the ordinary course of business. The loan accounts or records maintained by the Administrative Agent, the Issuer and each Lender shall be conclusive absent clearly demonstrable error of the amount of the Loans made by the Lenders to, and the Letters of Credit issued by the Issuer for the account of, the Borrower and the interest and payments thereon. Any failure to so record or any error in doing so shall not, however, limit or otherwise affect the obligation of the Borrower hereunder to pay any amount owing with respect to the Loans and the Reimbursement Obligations.
Loan Accounts and Notes. (a) Subject to Section 2.02(b), the Loans made by each Lender and the Letters of Credit Issued by any Issuing Lender shall be evidenced by one or more loan or letter of credit accounts maintained by such Lender or such Issuing Lender, as the case may be, in the ordinary course of business. The loan or letter of credit accounts or records maintained by the Administrative Agent, each Issuing Lender and each Lender shall be rebuttable presumptive evidence of the amount of the Loans made by the Lenders to, and the Letters of Credit Issued by such Issuing Lender at the request of, the Borrowers and the interest and payments thereon. Any failure so to record or any error in doing so shall not, however, limit or otherwise affect the obligation of the Borrowers hereunder (and under any Note) to pay any amount owing with respect to the Loans or Letters of Credit.
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Loan Accounts and Notes. (a) Each Bank, with respect to amounts payable to it under the Credit Documents, and the Agent, with respect to all amounts payable under the Credit Documents, shall maintain on its books in accordance with its usual practice, loan accounts and control accounts, respectively, setting forth each Loan, the applicable interest rate and the amounts of principal, interest and other sums paid and payable from time to time under the Credit Documents with respect thereto; provided, however, that the failure, error or omission by a Bank or the Agent to maintain an account or ledger or to record any information therein shall not diminish or otherwise affect any of the Obligations of the Borrowers under any Credit Document. In the case of any dispute, action or proceeding relating to any amount payable under any Credit Document, the entries in each such account shall constitute conclusive evidence of the accuracy of the information so recorded in the absence of manifest error. In case of a discrepancy between the entries in the Agent's books and any Bank's books, such Bank's books shall be considered correct in the absence of manifest error.
Loan Accounts and Notes. Each Lender shall maintain in respect of Revolving Loans made pursuant to this Agreement a loan account in which it shall record each Revolving Loan made by it to the Company pursuant to this Agreement and each payment or prepayment of principal and interest received by it in respect of such Revolving Loans; provided, however, that failure to do so shall not relieve the Company from the obligation to repay principal and to pay interest on the Revolving Loans. Any Lender may elect by written notice given to the Company at any time to require the Company to deliver to such Lender the Company's promissory note evidencing the Revolving Loans which shall be in the form attached as Schedule 2. Each Lender shall make prompt and accurate entries in such loan account or on the grid attached to its Note of the making of each Revolving Loan and each repayment or prepayment of principal thereof and payment of interest thereon, provided, however, that failure to do so shall not relieve the Company from the obligation to repay principal and to pay interest on the Revolving Loans. Loan accounts or grids attached to Notes maintained by the Lenders are prima facie evidence of the amount of the Revolving Loans outstanding.
Loan Accounts and Notes. 31 2.03 Borrowings, Conversions and Continuations of Loans.............................................31 2.04 Voluntary Termination or Reduction of Commitments; Extensions of Termination Date and L/C Maturity Date.........................................................33 2.05
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