Common use of Maintenance of Loan Account; Statements of Account Clause in Contracts

Maintenance of Loan Account; Statements of Account. The Administrative Agent shall maintain an account on its books in the name of the Company (the "Loan Account") in which the Company will be charged with all loans and advances made by the Banks to the Company or for the Company's account, including the Loans and all L/C Obligations, the Fees, the Expenses and any other Obligations. The Loan Account will be credited with all amounts received by the Administrative Agent from the Company or from others for the Company's account, on the date received provided such amounts are received by no later than 3:00 p.m. (New York City time), and on the next Business Day if received after such time. In no event shall prior recourse to any Collateral be a prerequisite to the Administrative Agent's right to demand payment of any Obligation upon its maturity. After the end of each month, the Administrative Agent shall send the Company a statement accounting for the charges, loans, advances and other transactions occurring among and between the Administrative Agent, the Banks and the Company during that month. The monthly statements shall, absent manifest error, be an account statement, which is final, conclusive and binding on the Company; provided, however, that in respect of Expenses that are, by the express terms of this Agreement required to be reasonable, the Company reserves the right to assert that unreasonable Expenses should not be so reimbursed.

Maintenance of Loan Account; Statements of Account. The -------------------------------------------------- Administrative Agent shall maintain an account on its books in the name of the Company (the "Loan Account") in which the Company will be charged with all loans ------------ and advances made by the Banks to the Company or for the Company's account, including the Loans and all L/C Obligations, the Fees, the Expenses and any other Obligations. The Loan Account will be credited with all amounts received by the Administrative Agent from the Company or from others for the Company's account, on the date received provided such amounts are received by no later than 3:00 p.m. (P.M., New York City time), and on the next Business Day if received after such time. In no event shall prior recourse to any Collateral be a prerequisite to the Administrative Agent's right to demand payment of any Obligation upon its maturity. After the end of each month, the Administrative Agent shall send the Company a statement accounting for the charges, loans, advances and other transactions occurring among and between the Administrative Agent, the Banks and the Company during that month. The monthly statements shall, absent manifest error, be an account statementstated, which is final, conclusive and binding on the Company; provided, however, that in respect of Expenses that are, by the express terms of this Agreement required to be reasonable, the Company reserves the right to assert that unreasonable Expenses should not be so reimbursed.

Maintenance of Loan Account; Statements of Account. The Administrative Agent shall maintain an account on its books in the name of the Company (the "Loan Account") in which the Company will be charged with all loans and advances made by the Banks to the Company or for the Company's account, including the Loans and all L/C Obligations, the Fees, the Expenses and any other Obligations. The Loan Account will be credited with all amounts received by the Administrative Agent from the Company or from others for the Company's account, on the date received provided such amounts are received by no later than 3:00 p.m. (P.M., New York City time), and on the next Business Day if received after such time. In no event shall prior recourse to any Collateral be a prerequisite to the Administrative Agent's right to demand payment of any Obligation upon its maturity. After the end of each month, the Administrative Agent shall send the Company a statement accounting for the charges, loans, advances and other transactions occurring among and between the Administrative Agent, the Banks and the Company during that month. The monthly statements shall, absent manifest error, be an account statement, which is final, conclusive and binding on the Company; provided, however, that in respect of Expenses that are, by the express terms of this Agreement required to be reasonable, the Company reserves the right to assert that unreasonable Expenses should not be so reimbursed.