Common use of Statement of Account Clause in Contracts

Statement of Account. After the end of each month the Agent shall send the Borrowers a statement showing the accounting for the charges, loans, advances and other transactions occurring between the Lenders and the Borrowers during that month. The monthly statements shall be deemed correct and binding upon the Borrowers and shall constitute an account stated between the Borrowers and the Lenders unless the Agent receives a written statement of the Borrowers' exceptions within thirty (30) days after same is mailed to the Borrowers.

Appears in 5 contracts

Samples: Credit Agreement (Chiquita Brands International Inc), Credit Agreement (Chiquita Brands International Inc), Credit Agreement (MST Enterprises Inc)

AutoNDA by SimpleDocs

Statement of Account. After the end of each month the Agent shall send the Borrowers Borrower a statement showing the accounting for the charges, loans, advances and other transactions occurring between the Lenders and the Borrowers Borrower during that month. The monthly statements shall be deemed correct and binding upon the Borrowers Borrower and shall constitute an account stated between the Borrowers Borrower and the Lenders unless the Agent receives a written statement of the Borrowers' Borrower's exceptions within thirty (30) days after same is mailed to the BorrowersBorrower.

Appears in 5 contracts

Samples: Credit Agreement (Chiquita Brands International Inc), Credit Agreement (Chiquita Brands International Inc), Credit Agreement (Chiquita Brands International Inc)

Statement of Account. After Within fifteen (15) days after the end of each month the Agent shall send the Borrowers Borrower a statement showing the accounting for the charges, loans, advances and other transactions occurring between the Lenders and the Borrowers Borrower during that month. The monthly statements shall be deemed correct and binding upon the Borrowers Borrower and shall constitute an account stated between the Borrowers Borrower and the Lenders unless the Agent receives a written statement of the Borrowers' Borrower’s exceptions within thirty forty-five (3045) days after same is mailed to the BorrowersBorrower.

Appears in 4 contracts

Samples: Credit Agreement (TransMontaigne Partners L.P.), Credit Agreement (TransMontaigne Partners L.P.), Pledge Agreement (Transmontaigne Inc)

Statement of Account. After the end of each month the Agent shall send the Borrowers a statement showing the accounting (along with customary supporting detail therefor) for the charges, loans, advances and other transactions occurring between the Lenders and the Borrowers during that month. The monthly statements shall be deemed correct and binding upon the Borrowers and shall constitute an account stated between the Borrowers and the Lenders unless the Agent receives a written statement of the Borrowers' exceptions within thirty (30) days after same is mailed to the Borrowers.

Appears in 2 contracts

Samples: Credit Agreement (Nationsrent Companies Inc), Credit Agreement (Nationsrent Companies Inc)

Statement of Account. After the end of each month the Agent -------------------- shall send the Borrowers Borrower a statement showing the accounting for the charges, loans, advances and other transactions occurring between the Lenders and the Borrowers Borrower during that month. The Absent manifest error, the monthly statements shall be deemed correct and binding upon the Borrowers Borrower and shall constitute an account stated between among the Borrowers Borrower and the Lenders unless the Agent receives a written statement of the Borrowers' Borrower's exceptions within thirty sixty (3060) days after same is mailed to the BorrowersBorrower.

Appears in 1 contract

Samples: Postpetition Credit Agreement (Converse Inc)

Statement of Account. After the end of each month the Agent shall use commercially reasonable efforts to send the Borrowers a statement showing the accounting for the charges, loans, advances and other transactions occurring between the among Lenders and the Borrowers during that month. The monthly statements shall be deemed correct and binding upon the Borrowers and shall constitute an account stated between the among Borrowers and the Lenders unless the Agent receives a written statement of the Borrowers' exceptions within thirty (30) 30 days after same is mailed to the Borrowers.

Appears in 1 contract

Samples: Loan and Security Agreement (Phoenix Color Corp)

Statement of Account. After the end of each month the month, Agent shall send the Borrowers Borrower a statement showing the accounting for the charges, loans, advances and other transactions occurring among and between Agent, the Lenders and the Borrowers Borrower during that month. The In the event that Borrower does not object in writing to any information reflected in any such monthly statements shall be deemed correct and binding upon the Borrowers and shall constitute an account stated between the Borrowers and the Lenders unless the Agent receives a written statement of the Borrowers' exceptions within thirty (30) days after same of its receipt thereof, such statement shall, absent manifest error, be an account stated, which is mailed to the Borrowersfinal, conclusive and binding on Borrower.

Appears in 1 contract

Samples: Credit Agreement (Weider Nutrition International Inc)

AutoNDA by SimpleDocs

Statement of Account. After Reasonably promptly after the end of each month the month, Agent shall send the Borrowers Borrower a statement showing the accounting for the charges, loans, advances and other transactions occurring among and between Agent, the Lenders and the Borrowers Borrower during that month. The monthly statements shall shall, absent manifest error, be deemed correct an account stated, which is final, conclusive and binding upon the Borrowers and shall constitute an account stated between the Borrowers and the Lenders unless the Agent receives a written statement of the Borrowers' exceptions within thirty (30) days after same is mailed to the Borrowerson Borrower.

Appears in 1 contract

Samples: Credit Agreement (Loehmanns Holdings Inc)

Statement of Account. After the end of each month the Agent shall send the Borrowers a statement showing the accounting for the charges, loans, advances and other transactions occurring between the Lenders and the Borrowers during that month. The In the absence of manifest error, the monthly statements shall be deemed correct and binding upon the Borrowers and shall constitute an account stated between the Borrowers and the Lenders unless the Agent receives a written statement of the Borrowers' exceptions within thirty (30) days after same is mailed to received by the Borrowers.

Appears in 1 contract

Samples: Credit Agreement (Fieldcrest Cannon Inc)

Statement of Account. After the end of each month the Agent shall -------------------- send the Borrowers Borrower a statement showing the accounting for the charges, loans, advances and other transactions occurring between the Lenders and the Borrowers Borrower during that month. The Absent manifest error, the monthly statements shall be deemed correct and binding upon the Borrowers Borrower and shall constitute an account stated between among the Borrowers Borrower and the Lenders unless the Agent receives a written statement of the Borrowers' Borrower's exceptions within thirty sixty (3060) days after same is mailed to the BorrowersBorrower.

Appears in 1 contract

Samples: Credit Agreement (Converse Inc)

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