Common use of Periodic Statement Clause in Contracts

Periodic Statement. The Agent may, in its sole discretion, account to the Borrower with a periodic statement of loan balances, charges and payments made or received pursuant to this Agreement, and any such statement rendered by the Agent shall be deemed final, binding and conclusive upon the Borrower unless the Agent is notified by the Borrower in writing to the contrary within 45 days after the date such statement is made available to the Borrower. Any such notice by the Borrower shall only be deemed an objection to those items specifically objected to in such notice.

Appears in 9 contracts

Samples: Credit Agreement (Tortoise Energy Capital Corp), Credit Agreement (Tortoise Energy Infrastructure Corp), Credit Agreement (Tortoise North American Energy Corp)

AutoNDA by SimpleDocs

Periodic Statement. The Agent may, in its sole discretion, may account to the Borrower Borrowers with a periodic statement of loan balances, charges and payments made or received pursuant to this Agreement, and any such statement rendered by the Agent shall be deemed final, binding and conclusive upon the Borrower Borrowers unless the Agent is notified by the Borrower Borrowers in writing to the contrary within 45 30 days after the date each such statement is made available to the BorrowerBorrowers. Any such notice by the Borrower Borrowers shall only be deemed an objection to those items specifically objected to in such notice.

Appears in 1 contract

Samples: Credit Agreement (MGP Ingredients Inc)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.