Monthly Statement of Account Sample Clauses

Monthly Statement of Account. The Agent shall render to the Borrower each month a statement of the Borrower's account, which shall constitute an account stated and shall be deemed to be correct and accepted by and be binding upon the Borrower unless the Agent receives a written statement of the Borrower's exceptions within 30 days after such statement was rendered to the Borrower.
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Monthly Statement of Account. The Administrative Agent shall maintain, in accordance with its customary procedures, a loan account in the name of the Co-Borrowers ("Co-Borrowers' Account") in which shall be recorded the date and amount of each Loan made by the Banks and the date and amount of each payment in respect thereof; provided, however, the failure by the Administrative Agent to record the date and amount of any Advance shall not adversely affect the rights of the Administrative Agent or any Bank. For each month, the Administrative Agent shall send to Co-Borrowers a statement showing the accounting for the Loans made, payments made or credited in respect thereof, and other transactions between the Banks and the Co-Borrowers, during such month. The monthly statements shall be deemed correct and binding upon Co-Borrowers in the absence of manifest error and shall constitute an account stated between the Banks and the Co-Borrowers unless Administrative Agent receives a written statement of Co-Borrowers' specific exceptions thereto within thirty (30) days after such statement is delivered to the Co-Borrowers. The records of the Administrative Agent with respect to the loan account shall be prima facie evidence of the amounts of Loans and other charges thereto and of payments applicable thereto.
Sample 1
Monthly Statement of Account. The Lender shall render to the Borrower each month a statement of the Borrower's revolving credit account, which shall constitute an account stated and shall be deemed to be correct and accepted by and be binding upon the Borrower unless the Lender receives a written statement of the Borrower's exceptions within thirty (30) days after such statement was rendered to the Borrower.
Sample 1
Monthly Statement of Account for Supplier Charges (True-up and -------------------------------------------------------------- Adjustments). DLC shall, after all customer accounts have been fully metered ------------ for a calendar month (which shall occur approximately forty-five (45) days following the end of such calendar month), provide a statement of account to the POLR Supplier adjusting one or more prior months' invoices rendered pursuant to Section 7.2 hereof for the difference between Preliminary Supplier Charges and Supplier Charges for such prior months. Payments owing to DLC reflected on such statements of account rendered pursuant to this Section 7.3 shall be immediately due from the POLR Supplier and payable to DLC by offset pursuant to Section 7.5 hereof. Credits owing to the POLR Supplier reflected on any statement of account rendered pursuant to this Section 7.3 shall be immediately due from DLC and netted against any payments owing to DLC on such statement of account with any excess amount payable to the POLR Supplier by increasing by the amount of any such excess the amount of Net Billed Generation Revenue to be paid to the POLR Supplier under Section 7.1 hereof on the day that the statement of account reflecting such excess is rendered.
Sample 1
Monthly Statement of Account. The Lender shall maintain, in accordance with its customary procedures, a loan account in the name of the Company ("Company's Account") in which shall be recorded the date and amount of each Loan made by the Lender and the date and amount of each payment in respect thereof; provided, however, the failure by the Lender to record the date and amount of any Advance shall not adversely affect the rights of the Lender. For each month, the Lender shall send to Company a statement showing the accounting for the Loans made, payments made or credited in respect thereof, and other transactions between the Lender and the Company, during such month. The monthly statements shall be deemed correct and binding upon Company in the absence of manifest error and shall constitute an account stated between the Lender and the Company unless Lender receives a written statement of the Company's specific exceptions thereto within thirty (30) days after such statement is delivered to the Company. The records of the Lender with respect to the loan account shall be prima facie evidence of the amounts of Loans and other charges thereto and of payments applicable thereto.
Sample 1

Related to Monthly Statement of Account

  • Daily Statement of Accounts Custodian will, within a reasonable time, render to Fund as of the close of business on each day, a detailed statement of the amounts received or paid and of securities received or delivered for the account of Fund during said day. Custodian will, from time to time, upon request by Fund, render a detailed statement of the securities and monies held for Fund under this Agreement, and Custodian will maintain such books and records as are necessary to enable it to do so and will permit such persons as are authorized by Fund including Fund's independent public accountants, access to such records or confirmation of the contents of such records; and if demanded, will permit federal and state regulatory agencies to examine the securities, books and records. Upon the written instructions of Fund or as demanded by federal or state regulatory agencies, Custodian will instruct any subcustodian to give such persons as are authorized by Fund including Fund's independent public accountants, access to such records or confirmation of the contents of such records; and if demanded, to permit federal and state regulatory agencies to examine the books, records and securities held by subcustodian which relate to Fund. Fund will be entitled to receive reports produced by the Custodian's portfolio accounting system, including without limitation, those listed on Exhibit C hereof.

  • Monthly Statement At the end of each month during the term of this Agreement and upon termination of this Agreement, Agent will render an itemized statement to Fund for its fees and expenses under this Agreement. Payment by Fund is due 10 days from the date the statement is received.

  • Statement of Account Agent shall maintain, in accordance with its customary procedures, a loan account (“Borrowers’ Account”) in the name of Borrowers in which shall be recorded the date and amount of each Advance made by Agent and the date and amount of each payment in respect thereof; provided, however, the failure by Agent to record the date and amount of any Advance shall not adversely affect Agent or any Lender. Each month, Agent shall send to Borrowing Agent a statement showing the accounting for the Advances made, payments made or credited in respect thereof, and other transactions between Agent and Borrowers during such month. The monthly statements shall be deemed correct and binding upon Borrowers in the absence of manifest error and shall constitute an account stated between Lenders and Borrowers unless Agent receives a written statement of Borrowers’ specific exceptions thereto within thirty (30) days after such statement is received by Borrowing Agent. The records of Agent with respect to the loan account shall be conclusive evidence absent manifest error of the amounts of Advances and other charges thereto and of payments applicable thereto.

  • Statement of Accounts The Company shall provide to the Director, within one hundred twenty (120) days after each anniversary of this Agreement, a statement setting forth the Deferral Account balance.

  • Monthly Statements While the Administrative Agent may issue invoices or other statements on a monthly or periodic basis (a “Statement”), it is expressly acknowledged and agreed that: (i) the failure of the Administrative Agent to issue any Statement on one or more occasions shall not affect the Borrower’s obligations to make payments under the Loan Documents as and when due; (ii) the inaccuracy of any Statement shall not be binding upon Lenders and so the Borrower shall always remain obligated to pay the full amount(s) required under the Loan Documents as and when due notwithstanding any provision to the contrary contained in any Statement; (iii) all Statements are issued for information purposes only and shall never constitute any type of offer, acceptance, modification, or waiver of the Loan Documents or any of Lenders’ rights or remedies thereunder; and (iv) in no event shall any Statement serve as the basis for, or a component of, any course of dealing, course of conduct, or trade practice which would modify, alter, or otherwise affect the express written terms of the Loan Documents.

  • Payment of Accounts (a) Each of Company and each Eligible Subsidiary will irrevocably direct all of its present and future Account Debtors and other Persons obligated to make payments constituting Collateral to make such payments directly to the lockboxes maintained by Company and each Eligible Subsidiary (the "Lockboxes") with North Fork Bank, the Royal Bank of Canada or such other financial institution accepted by Laurus in writing as may be selected by Company and/or any Eligible Subsidiary (collectively, the "Lockbox Bank") pursuant to the terms of the documentation acceptable to Laurus. On or prior to the Closing Date, each of Company and each Eligible Subsidiary shall and shall cause the Lockbox Bank to enter into all such documentation acceptable to Laurus pursuant to which, among other things, the Lockbox Bank agrees to: (a) sweep the Lockbox on a daily basis and deposit all checks received therein to an account designated by Laurus in writing and (b) comply only with the instructions or other directions of Laurus concerning the Lockbox. All of Company's and each Eligible Subsidiary's invoices, account statements and other written or oral communications directing, instructing, demanding or requesting payment of any Account of Company or any Eligible Subsidiary or any other amount constituting Collateral shall conspicuously direct that all payments be made to the Lockbox or such other address as Laurus may direct in writing. If, notwithstanding the instructions to Account Debtors, Company or any Eligible Subsidiary receives any payments, Company or such Eligible Subsidiary, as the case may be, shall immediately remit such payments to Laurus in their original form with all necessary endorsements. Until so remitted, Company and each Eligible Subsidiary shall hold all such payments in trust for and as the property of Laurus and shall not commingle such payments with any of its other funds or property.

  • Monthly Servicing Report Prior to the Lead Securitization Date, each month, the Servicer shall prepare and shall promptly deliver copies to each of the Holders a report containing the following information:

  • Monthly Report On each Reporting Date, the Servicer will provide to the Seller, the Administrative Agent, the Backup Servicer and the Liquidity Banks, a monthly statement including a Borrowing Base calculated as of the most recent Determination Date, with respect to the related Collection Period signed by a Responsible Officer of the Servicer and the Seller and substantially in the form of Exhibit C (a “Monthly Report”).

  • Maintenance of Loan Account; Statements of Account (a) The Administrative Agent shall maintain an account on its books in the name of the Borrowers (each, the “Loan Account”) which will reflect (i) all Revolving Credit Loans and other advances made by the Lenders to the Borrowers or for the Borrowers’ account, (ii) all Letter of Credit Disbursements, fees and interest that have become payable as herein set forth, and (iii) any and all other monetary Obligations that have become payable.

  • Debit of Accounts Bank may debit any of Borrower’s deposit accounts, including the Designated Deposit Account, for principal and interest payments or any other amounts Borrower owes Bank when due. These debits shall not constitute a set-off.

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