Examples of Borrower’s Account in a sentence
All Advances shall be disbursed from whichever office or other place the Agent may designate from time to time and, together with any and all other Obligations of Borrowers to the Agent and Lenders, shall be charged to Borrowers’ Account on the Agent’s books.
The security interests, Xxxxx and rights granted to Agent and Lenders hereunder and the financing statements filed in connection herewith shall continue in full force and effect, notwithstanding the termination of this Agreement or the fact that Borrowers’ Account may from time to time be temporarily in a zero or credit position, until all of the Obligations have been Paid in Full and this Agreement has been terminated in accordance with its terms.
All Advances shall be disbursed from whichever office or other place Agent may designate from time to time and, together with any and all other Obligations of the Loan Parties to Agent or Lenders, shall be charged to Borrowers’ Account on Agent’s books.
All documented out-of-pocket charges, expenses and fees Agent may incur in doing any of the foregoing, and any local taxes relating thereto, shall be charged to Borrowers’ Account as a Revolving Advance of a Domestic Rate Loan and added to the Obligations, or, at Agent’s option, shall be paid by the Borrowers to Agent for its benefit and for the ratable benefit of Lenders not later than ten (10) Business Days after written demand.
The records of Agent with respect to Borrowers’ Account shall be presumed correct absent manifest error of the amounts of Advances and other charges thereto and of payments applicable thereto.