Common use of Loan Accounts and Notes Clause in Contracts

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.

Appears in 3 contracts

Samples: Credit Agreement (Esenjay Exploration Inc), Credit Agreement (Esenjay Exploration Inc), Credit Agreement (Esenjay Exploration Inc)

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Loan Accounts and Notes. (a) The Loans made by the each Lender shall be evidenced by one or more loan accounts or records maintained by the such Lender in the ordinary course of business. The loan accounts or records maintained by the such Lender shall be conclusive absent manifest error of the amount of the Loans made by the such Lender to the Borrower 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 obligations of the Borrower Borrowers hereunder to pay any amount owing with respect to the Loans.

Appears in 2 contracts

Samples: Credit Agreement (American Rivers Oil Co /De/), Credit Agreement (Alliance Resources PLC)

Loan Accounts and Notes. (a) The Loans made by the each Lender shall be evidenced by one or more loan accounts or records maintained by the such Lender in the ordinary course of business. The loan accounts or records maintained by such Lender shall, in the Lender shall absence of manifest error, be final and conclusive absent manifest error of and binding as to the amount of the Loans made by the such 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.

Appears in 1 contract

Samples: Credit Agreement (Sonoran Energy Inc)

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 rebuttable presumptive evidence 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.

Appears in 1 contract

Samples: Credit Agreement (Future Petroleum Corp/Ut/)

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Loan Accounts and Notes. (a) THE LOAN ACCOUNTS. The Loans made by the each Lender shall be evidenced by one or more loan accounts or records maintained by the such Lender in the ordinary course of business. The loan accounts or records reasonably maintained by the Agent and each Lender shall be conclusive absent manifest error of the amount of the Loans made by the Lender Lenders to the Borrower Company 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 Company hereunder to pay any amount owing with respect to the Loans.

Appears in 1 contract

Samples: Credit Agreement (Tower Automotive Inc)

Loan Accounts and Notes. (a) The Loans made by the Lender Lenders shall be evidenced by one or more loan accounts or records maintained by the each Lender in the ordinary course of business. The loan accounts or records maintained by the such Lender shall be conclusive absent manifest error rebuttable presumptive evidence of the amount of the Loans made by the such 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.

Appears in 1 contract

Samples: Credit Agreement (Bargo Energy Co)

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