Common use of Monthly Statement of Account Clause in Contracts

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.

Appears in 4 contracts

Samples: Credit Agreement (Kasper a S L LTD), Security Agreement (American Bank Note Holographics Inc), Credit Agreement (Airxcel Inc)

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Monthly Statement of Account. The Agent shall render to the Borrower Borrowers each month a statement of the Borrower's Borrowers' account, which shall constitute an account stated and shall be deemed to be correct and accepted by and be binding upon the Borrower Borrowers unless the Agent receives a written statement of the Borrower's Borrowers' exceptions within 30 days after such statement was rendered to the BorrowerBorrowers.

Appears in 2 contracts

Samples: Credit Agreement (Airxcel Inc), Credit Agreement (Water Pik Technologies Inc)

Monthly Statement of Account. The Agent shall render to the Borrower Borrowers each month a statement of the Borrower's Borrowers' revolving credit and term loan account, which shall constitute an account stated and shall be deemed to be correct and accepted by and be binding upon the Borrower Borrowers unless the Agent receives a written statement of the Borrower's Borrowers' exceptions within 30 days after such statement was rendered to the BorrowerBorrowers.

Appears in 2 contracts

Samples: Credit Agreement (SLM International Inc /De), Credit Agreement (SLM International Inc /De)

Monthly Statement of Account. The Agent shall render to the Borrower Borrowers each calendar month a statement of the Borrower's Borrowers' account, which shall constitute an account stated and shall be deemed to be correct and accepted by and be binding upon the Borrower Borrowers unless the Agent receives a written statement of the Borrower's Borrowers' exceptions within 30 days after such statement was rendered to the BorrowerBorrowers.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Supermarket Cigarette Sales Inc), Revolving Credit Agreement (Jitney Jungle Stores of America Inc /Mi/)

Monthly Statement of Account. The Agent shall render to the Borrower Borrowers each month a statement of the Borrower's Borrowers' account, which shall constitute an account stated and shall be deemed to be correct and accepted by and be binding upon the Borrower Borrowers unless the Agent receives a written statement of the Borrower's Borrowers' exceptions within 30 45 days after such statement was rendered to the BorrowerBorrowers.

Appears in 1 contract

Samples: Credit Agreement (Chock Full O Nuts Corp)

Monthly Statement of Account. The Agent shall render ---------------------------- to the Borrower Borrowers each month a statement of the Borrower's Borrowers' account, which shall constitute an account stated and shall be deemed to be correct and accepted by and be binding upon the Borrower Borrowers unless the Agent receives a written statement of the Borrower's Borrowers' exceptions within 30 days after such statement was rendered to the BorrowerBorrowers.

Appears in 1 contract

Samples: Credit Agreement (Matthews Studio Equipment Group)

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Monthly Statement of Account. The Agent shall render to the Borrower each month a statement of the Borrower's accountloan account (the "Loan Account"), which shall constitute an account stated and and, in the absence of manifest error, 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.

Appears in 1 contract

Samples: Credit Agreement (Coram Healthcare Corp)

Monthly Statement of Account. The Agent shall render to the Borrower Borrowers each month a statement of the Borrower's Borrowers' account, which shall constitute an account stated and shall be deemed to be correct and accepted by and be binding upon the Borrower Borrowers (absent manifest error) unless the Agent receives a written statement of the Borrower's Borrowers' exceptions within 30 days after such statement was rendered to the BorrowerBorrowers.

Appears in 1 contract

Samples: Credit Agreement (Isolyser Co Inc /Ga/)

Monthly Statement of Account. The Agent shall render to the Borrower Borrowers each month a statement of the Borrower's accountBorrowers' account or accounts, as the case may be, which shall constitute an account stated and shall be deemed to be correct and accepted by and be binding upon the Borrower Borrowers unless the Agent receives a written statement of the Borrower's Borrowers' exceptions within 30 days after such statement was rendered to the BorrowerBorrowers.

Appears in 1 contract

Samples: Security Agreement (Manischewitz B Co LLC)

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