Monthly Statements. On a monthly basis, Lender shall render a statement for the Revolving Loan Account, which statement shall be considered correct and accepted by Borrower and conclusively binding upon Borrower unless Borrower notifies Lender to the contrary within ten (10) days of the receipt of said statement by Borrower. Lender shall have the right to debit the Revolving Loan Account for any principal due and all interest charges on the Loans as and when the same shall be due and payable, if not otherwise paid by Borrower.
Appears in 4 contracts
Samples: Loan and Security Agreement (Saztec International Inc), Netplex Systems Inc, Netplex Group Inc
Monthly Statements. On a monthly basis, Lender shall render a statement for the Revolving Loan AccountTerm Loan, which statement shall be considered correct and accepted by Borrower and conclusively binding upon Borrower unless Borrower notifies Lender to the contrary within ten (10) days of the receipt of said statement by Borrower. Lender shall have the right to debit the Revolving Loan Account any account of Borrower for any principal due all principal, interest and all interest other charges on the Loans Term Loan as and when the same shall be due and payable, if not otherwise paid by Borrower.
Appears in 3 contracts
Samples: Credit and Security Agreement (Memry Corp), Asset Purchase Agreement (Memry Corp), Credit and Security Agreement (Memry Corp)
Monthly Statements. On a monthly basis, Lender shall render a statement for the Revolving Loan Account, which statement shall be considered correct and accepted by Borrower and conclusively binding upon Borrower unless Borrower notifies Lender to the contrary within ten (10) days of the receipt of said statement by Borrower. Lender shall have the right to debit the Revolving Loan Account for any principal due and all interest charges on the Loans Revolving Loan as and when the same shall be due and payable, if not otherwise paid by Borrower, subject to applicable law.
Appears in 3 contracts
Samples: Credit and Security Agreement (Memry Corp), Credit and Security Agreement (Memry Corp), Asset Purchase Agreement (Memry Corp)
Monthly Statements. On a monthly basis, Lender shall may render a statement for the Revolving Loan Account, which statement shall be considered correct and accepted by Borrower and conclusively binding upon Borrower unless Borrower notifies Lender to the contrary within ten thirty (1030) days of the receipt of said statement by Borrower. Lender shall have the right to debit the Revolving Loan Account for any principal due and all interest charges on the Loans as and when the same shall be due and payable, if not otherwise paid by Borrower.
Appears in 3 contracts
Samples: Revolving Loan and Security Agreement (Ziplink Inc), Loan Agreement (Ziplink Inc), Loan Agreement (Ziplink Inc)
Monthly Statements. On a monthly basis, Lender shall render a statement for the Revolving Loan Account, which statement shall be considered correct and accepted by Borrower Borrowers and conclusively binding upon Borrower Borrowers unless Borrower Borrowers notifies Lender to the contrary within ten (10) days of the receipt of said statement by BorrowerBorrowers. Lender shall have the right to debit the Revolving Loan Account for any principal due and all interest charges on the Loans Loan as and when the same shall be due and payable, if not otherwise paid by BorrowerBorrowers.
Appears in 1 contract
Samples: Loan and Security Agreement (Industrial Technologies Inc)
Monthly Statements. On a monthly basis, Lender shall render a statement for the Revolving Acquisition Loan Account, which statement shall be considered correct and accepted by Borrower and conclusively binding upon Borrower unless Borrower notifies Lender to the contrary within ten (10) days of the receipt of said statement by Borrower. Lender shall have the right to debit the Revolving Acquisition Loan Account for any principal due and all interest charges on the Loans each Acquisition Loan as and when the same shall be due and payable, if not otherwise paid by Borrower, subject to applicable law.
Appears in 1 contract
Monthly Statements. On a monthly basis, Lender shall render a statement for the Revolving Loan Account, which statement shall be considered correct and accepted by Borrower Borrowers and conclusively binding upon Borrower Borrowers unless Borrower notifies Borrowers notify Lender to the contrary within ten (10) days of the receipt of said statement by BorrowerBorrowers. Lender shall have the right to debit the Revolving Loan Account for any principal due and all interest charges on the Loans Revolving Loan as and when the same shall be due and payable, if not otherwise paid by BorrowerBorrowers, subject to applicable law.
Appears in 1 contract
Monthly Statements. On a monthly basis, Lender shall render a statement for the each Revolving Loan Account, which statement shall be considered correct and accepted by Borrower Borrowers and conclusively binding upon Borrower Borrowers unless Borrower notifies Borrowers notify Lender to the contrary within ten twenty (1020) days of the receipt of said statement by BorrowerBorrowers. Lender shall have the right to debit the each applicable Revolving Loan Account for any principal due and all interest charges on the Loans Loan as and when the same shall be due and payable, if not otherwise paid by BorrowerBorrowers.
Appears in 1 contract
Samples: Loan and Security Agreement (Cycomm International Inc)