Common use of The Record Clause in Contracts

The Record. Borrower irrevocably authorizes Agent to make or cause to be made, at or about the time of the Drawdown Date of any Advance or at the time of receipt of any payment of the principal of the Notes, an appropriate notation on Agent's Record reflecting the making of such Advance or (as the case may be) the receipt of such payment. The outstanding amount of the Loan set forth on Agent's Record shall be prima facie evidence of the principal amount thereof owing and unpaid to Agent, but the failure to record, or any error in so recording, any such amount on Agent's Record shall not limit or otherwise affect the Obligations of Borrower hereunder or under the Notes to make payments of principal or interest on the Notes when due.

The Record. Borrower irrevocably authorizes Agent to make or cause to be made, at or about the time of the Drawdown Date of any Advance or at the time of receipt of any payment of the principal of the Notes, an appropriate notation on Agent's ’s Record reflecting the making of such Advance or (as the case may be) the receipt of such payment. The outstanding amount of the Loan set forth on Agent's ’s Record shall be prima facie evidence of the principal amount thereof owing and unpaid to Agent, but the failure to record, or any error in so recording, any such amount on Agent's ’s Record shall not limit or otherwise affect the Obligations of Borrower hereunder or under the Notes to make payments of principal or interest on the Notes when due.