Common use of Account Stated Clause in Contracts

Account Stated. The books and records of Agent showing the account between Agent and Lenders and Company shall be admissible in evidence in any action or proceeding against or involving Guarantor as prima facie proof of the items therein set forth, and the statements of Agent rendered to Company, to the extent to which no written objection is made within thirty (30) days from the date of sending thereof to Company, shall be deemed conclusively correct and constitute an account stated between Agent and Lenders and Company and be binding on Guarantor.

Appears in 3 contracts

Sources: Limited Guaranty Agreement (Nextera Enterprises Inc), Limited Guaranty Agreement (Nextera Enterprises Inc), Limited Guaranty Agreement (Nextera Enterprises Inc)

Account Stated. The books and records of Agent showing the account between Agent and Lenders and Company Borrowers shall be admissible in evidence in any action or proceeding against or involving Guarantor as prima facie proof of the items therein set forth, and the monthly statements of Agent rendered to Companya Borrower, to the extent to which no written objection is made within thirty (30) days from the date of sending thereof to Companysuch Borrower, shall be deemed conclusively correct and constitute an account stated between Agent and Lenders and Company such Borrower and be binding on Guarantor.

Appears in 3 contracts

Sources: Guarantee (SMTC Corp), Guarantee (SMTC Corp), Guarantee (SMTC Corp)

Account Stated. The books and records of Agent showing the account between Agent and Lenders and Company Borrower shall be admissible in evidence in any action or proceeding against or involving Guarantor Guarantors as prima facie proof evidence of the items therein set forth, and the monthly statements of Agent rendered to CompanyBorrower, to the extent to which no written objection is made within thirty (30) days from the date of sending thereof to CompanyBorrower, shall be deemed conclusively correct and constitute an account stated between Agent Lender and Lenders and Company Borrower and be binding on GuarantorGuarantors.

Appears in 2 contracts

Sources: Guarantee (Mackie Designs Inc), Guarantee (Mackie Designs Inc)

Account Stated. The books and records of Agent showing the account between Agent and Lenders and Company Borrower shall be admissible in evidence in any action or proceeding against or involving Guarantor Guarantors as prima facie proof of the items therein set forth, and the monthly statements of Agent rendered to CompanyBorrower, to the extent to which no written objection is made within thirty (30) days from the date of sending thereof to CompanyBorrower, shall be deemed conclusively correct and constitute an account stated between Agent and Lenders and Company Borrower and be binding on GuarantorGuarantors.

Appears in 2 contracts

Sources: Guarantee (New York & Company, Inc.), Guarantee (New York & Company, Inc.)

Account Stated. The books and records of Agent showing the account between Agent and Agent, Lenders and Company Borrowers shall be admissible in evidence in any action or proceeding against or involving Parent Guarantor as prima facie proof of the items therein set forth, and the monthly statements of Agent rendered to CompanyBorrowers, to the extent to which no written objection is made within thirty (30) days from the date of sending thereof to CompanyBorrowers, shall be deemed conclusively correct and constitute an account stated between Agent and Agent, Lenders and Company Borrowers and be binding on Parent Guarantor.

Appears in 2 contracts

Sources: Limited Guaranty (BlueLinx Holdings Inc.), Limited Recourse Guarantee (BlueLinx Holdings Inc.)

Account Stated. The books and records of Agent showing the account between Agent and Lenders and Company Borrower shall be admissible in evidence in any action or proceeding against or involving Guarantor Guarantors as prima facie proof of the items therein set forth, and the monthly statements of Agent rendered to CompanyBorrower, to the extent to which no written objection is made within thirty (30) days from the date of sending thereof to CompanyBorrower, shall be deemed conclusively correct and constitute an account stated between Agent and Lenders and Company Borrower and be binding on GuarantorGuarantors.

Appears in 2 contracts

Sources: Guarantee (Delta Apparel Inc), Guarantee (Delta Apparel Inc)

Account Stated. The books and records of Agent and Lenders showing the account between Agent and Lenders and Company Borrower shall be admissible in evidence in any action or proceeding against or involving Guarantor Guarantors as prima facie proof of the items therein set forth, and the monthly statements of Agent and Lenders rendered to CompanyBorrower, to the extent to which no written objection is made within thirty (30) days from the date of sending thereof to CompanyBorrower, shall be deemed conclusively correct and constitute an account stated between Agent and Lenders and Company Borrower and be binding on GuarantorGuarantors.

Appears in 2 contracts

Sources: Guarantee (Wci Steel Inc), Guarantee (Wci Steel Inc)

Account Stated. The books and records of Agent showing the account between Agent and Lenders and Company Borrower shall be admissible in evidence in any action or proceeding against or involving Guarantor as prima facie proof of the items therein set forth, and the monthly statements of Agent rendered to CompanyBorrower, to the extent to which no written objection is made within thirty (30) days from the date of sending thereof to CompanyBorrower, shall be deemed conclusively correct and constitute an account stated between Agent and among Agent, Lenders and Company Borrower and be binding on Guarantor.

Appears in 2 contracts

Sources: Guarantee (HHG Distributing, LLC), Guarantee (Hhgregg, Inc.)

Account Stated. The books and records of Agent showing the account between Agent and Lenders and Company Borrowers shall be admissible in evidence in any action or proceeding against or involving a Guarantor as prima facie proof of the items therein set forth, and the monthly statements of Agent rendered to Companya Borrower, to the extent to which no written objection is made within thirty (30) days from the date of sending thereof to Companysuch Borrower, shall be deemed conclusively correct and constitute an account stated between Agent and Lenders and Company such Borrower and be binding on GuarantorGuarantors.

Appears in 1 contract

Sources: Guarantee (SMTC Corp)

Account Stated. The books and records of Agent showing the account between Agent and Agent, the Lenders and Company each Borrower shall be admissible in evidence in any action or proceeding against or involving Guarantor Guarantors as prima facie proof of the items therein set forth, and the monthly statements of Agent rendered to Companyany Borrower, to the extent to which no written objection is made within thirty sixty (3060) days from the date of sending thereof to Companysuch Borrower, shall be deemed conclusively correct and constitute an account stated between Agent and Agent, the Lenders and Company Borrowers and be binding on GuarantorGuarantors.

Appears in 1 contract

Sources: Guaranty (Natrol Inc)

Account Stated. The books and records of Agent showing the account between Agent and Lenders and Company Borrower shall be admissible in evidence in any action or proceeding against or involving Guarantor as prima facie proof of the items therein set forth, and the monthly statements of Agent rendered to CompanyBorrower, to the extent to which no written objection is made within thirty (30) days from the date of sending thereof to CompanyBorrower, shall be deemed conclusively correct and constitute an account stated between Agent and Lenders and Company Borrower and be binding on Guarantor.

Appears in 1 contract

Sources: Guarantee (SMTC Corp)

Account Stated. The books and records of Agent showing the account between Agent or any Lender and Lenders and Company Borrowers shall be admissible in evidence in any action or proceeding against or involving Guarantor as prima facie proof of the items therein set forth, and the monthly statements of Agent rendered to CompanyBorrowers, to the extent to which no written objection is made within thirty (30) days from the date of sending thereof to CompanyBorrowers, shall be deemed conclusively correct and constitute an account stated between Agent and among Agent, Lenders and Company Borrowers and be binding on Guarantor.

Appears in 1 contract

Sources: Guarantee (HyperSpace Communications, Inc.)

Account Stated. The books and records of Agent showing the account between Agent and Lenders and Company Borrower shall be admissible in evidence in any action or proceeding against or involving a Guarantor as prima facie proof of the items therein set forth, and the monthly statements of Agent rendered to CompanyBorrower, to the extent to which no written objection is made within thirty (30) days from the date of sending thereof to CompanyBorrower, shall be deemed conclusively correct and constitute an account stated between Agent and Lenders and Company Borrower and be binding on Guarantorall Guarantors.

Appears in 1 contract

Sources: Guarantee (SMTC Corp)

Account Stated. The books and records of Agent showing the account between Agent and Agent, the Lenders and Company Borrowers shall be admissible in evidence in any action or proceeding against or involving Guarantor as prima facie proof of the items therein set forth, and the monthly statements of Agent rendered to CompanyBorrowers, to the extent to which no written objection is made within thirty (30) days from the date of sending thereof to CompanyBorrowers, shall be deemed conclusively correct and constitute an account stated between Agent and Agent, the Lenders and Company Borrowers and be binding on Guarantor.

Appears in 1 contract

Sources: Guaranty (New York & Company, Inc.)