Common use of Book Entries Clause in Contracts

Book Entries. The Initial Liquidity Facility Provider shall maintain in accordance with its usual practice an account or accounts evidencing the indebtedness of the Borrower resulting from Advances made from time to time and the amounts of principal and interest payable hereunder and paid from time to time in respect thereof; provided, however, that the failure by the Initial Liquidity Facility Provider to maintain such account or accounts shall not affect the obligations of the Borrower and the Administrative Agent in respect of such Advances.

Appears in 3 contracts

Samples: Revolving Credit Agreement (Willis Lease Finance Corp), Revolving Credit Agreement (Willis Lease Finance Corp), Revolving Credit Agreement (Willis Lease Finance Corp)

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Book Entries. The Initial Liquidity Facility Provider shall maintain in accordance with its usual practice an account or accounts evidencing the indebtedness of the Borrower resulting from Advances made from time to time and the amounts of principal and interest payable hereunder and paid from time to time in respect thereof; provided, however, that the failure by the Initial Liquidity Facility Provider to maintain such account or accounts shall not affect the obligations of the Borrower and the Administrative Agent in respect of such Advances. Section 2.09.

Appears in 1 contract

Samples: Credit Agreement (Willis Lease Finance Corp)

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