Common use of Loan Statements Clause in Contracts

Loan Statements. All advances by the Lender to or for the benefit of --------------- the Borrower pursuant to this Agreement shall be charged to the loan account or accounts opened in the Borrower's name on the Lender's books. The Lender will periodically render to the Borrower statements of such loan account or accounts, which shall, to the extent permitted by applicable law, constitute prima facie evidence of the existence and amounts of the outstanding Loans; provided, --------- however, the failure of the Lender to render any such statement to the Borrower, ------- or any error therein, shall not in any manner affect the obligation of the Borrower to repay (with applicable interest) all of the Loans, in accordance with the terms and conditions of this Agreement and the other Financing Documents.

Loan Statements. All advances by the Lender to or for the benefit of --------------- the Borrower pursuant to this Agreement shall be charged to the loan account or accounts opened in the Borrower's name on the Lender's books. The Lender will periodically render to the Borrower statements of such loan account or accounts, which shall, to the extent permitted by applicable law, constitute prima facie evidence of the existence and amounts of the outstanding Loans; providedPROVIDED, --------- howeverHOWEVER, the failure of the Lender to render any such statement to the Borrower, ------- or any error therein, shall not in any manner affect the obligation of the Borrower to repay (with applicable interest) all of the Loans, in accordance with the terms and conditions of this Agreement and the other Financing Documents.