Common use of BANK'S REPORTS Clause in Contracts

BANK'S REPORTS. After the end of each month, Bank will render to Borrower a statement of Borrower’s Revolving Loan account with Bank hereunder, showing all applicable credits and debits. Each statement shall be considered correct and to have been accepted by Borrower and shall be conclusively binding upon Borrower in respect of all charges, debits and credits of whatsoever nature contained therein under or pursuant to this Agreement, and the closing balance shown therein, unless Borrower notifies Bank in writing of any discrepancy within twenty (20) days from the mailing by Bank to Borrower of any such monthly statement.

Appears in 3 contracts

Samples: Loan and Security Agreement (Starrett L S Co), Loan and Security Agreement (Starrett L S Co), Loan and Security Agreement (Starrett L S Co)

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BANK'S REPORTS. After the end of each month, Bank will render to Borrower a statement of Borrower’s Revolving Loan loan account with Bank hereunder, showing all applicable credits and debits. Each statement shall be considered correct and to have been accepted by Borrower and shall be conclusively binding upon Borrower in respect of all charges, debits and credits of whatsoever nature contained therein under or pursuant to this Agreement, and the closing balance shown therein, unless Borrower notifies Bank in writing of any discrepancy within twenty (20) days from the mailing by Bank to Borrower of any such monthly statement.

Appears in 2 contracts

Samples: Loan Agreement (Palomar Medical Technologies Inc), Loan and Security Agreement (Sevcon, Inc.)

BANK'S REPORTS. After the end of each month, Bank will render to Borrower a statement of Borrower’s Revolving Loan 's loan account with Bank hereunder, showing all applicable credits and debits. Each statement shall be considered correct and to have been accepted by Borrower and shall be conclusively binding upon Borrower in respect of all charges, debits and credits of whatsoever nature contained therein under or pursuant to this Agreement, and the closing balance shown therein, unless Borrower notifies Bank in writing of any discrepancy within twenty thirty (2030) days from the mailing by Bank to Borrower date of any such monthly statement.

Appears in 2 contracts

Samples: Loan and Security Agreement (Annies Homegrown Inc), Loan and Security Agreement (Annies Homegrown Inc)

BANK'S REPORTS. After the end of each month, Bank will render to Borrower a statement of Borrower’s Revolving Loan account with Bank hereunder, showing all applicable credits and debits. Each statement shall be considered correct and to have been accepted by Borrower and and, in the absence of manifest error, shall be conclusively binding upon Borrower in respect of all charges, debits and credits of whatsoever nature contained therein under or pursuant to this Agreement, and the closing balance shown therein, unless Borrower notifies Bank in writing of any discrepancy within twenty thirty (2030) days from the mailing by Bank to Borrower of any such monthly statement.

Appears in 1 contract

Samples: Loan and Security Agreement (Viisage Technology Inc)

BANK'S REPORTS. After the end of each month, Bank will render to Borrower a statement of Borrower’s Revolving Loan 's loan account with Bank hereunder, showing all applicable credits and debits. Each statement shall be considered correct and to have been accepted by Borrower and shall be conclusively binding upon Borrower in respect of all charges, debits and credits of whatsoever nature contained therein under or pursuant to this Agreementtherein, and the closing balance shown therein, unless Borrower notifies Bank in writing of any discrepancy within twenty sixty (2060) days from the mailing by Bank to Borrower of any such monthly statement.

Appears in 1 contract

Samples: Master Loan Agreement (Maine & Maritimes Corp)

BANK'S REPORTS. After the end of each month, Bank will render to Borrower a statement of Borrower’s Revolving Loan 's loan account with Bank hereunder, showing all applicable credits and debits. Each statement shall be considered correct and to have been accepted by Borrower and shall be conclusively binding upon Borrower (in the absence of demonstrable or manifest error) in respect of all charges, debits and credits of whatsoever nature contained therein under or pursuant to this Agreement, and the closing balance shown therein, unless Borrower notifies Bank in writing of any discrepancy within twenty thirty (2030) days from the mailing after receipt by Bank to Borrower of any such monthly statement.

Appears in 1 contract

Samples: Bank of Massachusetts Loan Agreement (Charles River Associates Inc)

BANK'S REPORTS. After the end of each month, Bank will render to Borrower a statement of Borrower’s Revolving Loan loan account with Bank hereunder, showing all applicable credits and debits. Each statement shall be considered correct and to have been accepted by Borrower and shall be conclusively binding upon Borrower in respect of all charges, debits and credits of whatsoever nature contained therein under or pursuant to this Agreement, and the closing balance shown therein, unless Borrower notifies Bank in writing of any discrepancy within twenty thirty (2030) days of receipt by Borrower from the mailing by Bank to Borrower of any such monthly statement.

Appears in 1 contract

Samples: Loan and Security Agreement (Cubist Pharmaceuticals Inc)

BANK'S REPORTS. After the end of each month, Bank will render to Borrower a statement of Borrower’s Revolving Loan 's loan account with Bank hereunder, showing all applicable credits and debits. Each statement shall be considered correct and to have been accepted by Borrower and shall be conclusively binding upon Borrower in respect of all charges, debits and credits of whatsoever nature contained therein under or pursuant to this Agreementtherein, and the closing balance shown therein, unless Borrower notifies Bank in writing of any discrepancy within twenty thirty (2030) days from the mailing by Bank to Borrower of any such monthly statementstatement or unless such statement is patently incorrect.

Appears in 1 contract

Samples: Loan Agreement (Control Devices Inc)

BANK'S REPORTS. After the end of each month, Bank will may render to Borrower a statement of regarding Borrower’s loan account under the Revolving Loan account Credit with Bank hereunder, showing all applicable credits and debits. Each statement and the information contained therein shall be considered correct and to have been accepted by Borrower and and, in the absence of manifest error, shall be conclusively binding upon Borrower in respect of all charges, debits and credits of whatsoever nature contained therein under or pursuant to this Agreement, and the closing balance shown therein, unless Borrower notifies Bank in writing of any discrepancy within twenty (20) days from the mailing by Bank to Borrower of any such monthly statement.

Appears in 1 contract

Samples: Credit Agreement (Hittite Microwave Corp)

BANK'S REPORTS. After the end of each month, Bank will render to Borrower a statement of Borrower’s Revolving Loan 's loan account with Bank hereunder, showing all applicable credits and debits. Each statement shall be considered correct and to have been accepted by Borrower and shall be conclusively binding upon Borrower and Bank in respect of all charges, debits and credits of whatsoever nature contained therein under or pursuant to this Agreement, and the closing balance shown therein, unless Borrower notifies Bank in writing of any discrepancy within twenty forty-five (2045) days from the mailing by Bank to Borrower of any such monthly statement.

Appears in 1 contract

Samples: Demand Loan and Security Agreement (Asa International LTD)

BANK'S REPORTS. After the end of each month, Bank will render to Borrower a statement of Borrower’s Revolving Loan 's loan account with Bank hereunder, showing all applicable credits and debits. Each statement shall be considered correct and to have been accepted by Borrower and shall be conclusively binding upon Borrower in respect of all charges, debits and credits of whatsoever nature contained therein under or pursuant to this Agreement, and the closing balance shown therein, unless Borrower notifies Bank in writing of any discrepancy within twenty (20) days from the mailing by Bank to Borrower of any such monthly statement.

Appears in 1 contract

Samples: Loan and Security Agreement (Seachange International Inc)

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BANK'S REPORTS. After the end of each month, Bank will render to Borrower a statement of Borrower’s Revolving Loan 's loan account with Bank hereunder, showing all applicable credits and debits. Each statement shall be considered correct and to have been accepted by Borrower and shall be conclusively binding upon Borrower in respect of all charges, debits and credits of whatsoever nature contained therein under or pursuant to this Agreement, and the closing balance shown therein, unless Borrower notifies Bank in writing of any discrepancy within twenty forty-five (2045) days from the mailing by Bank to Borrower of any such monthly statement.

Appears in 1 contract

Samples: Demand Loan and Security Agreement (International Electronics Inc)

BANK'S REPORTS. After the end of each month, the Bank will render to Borrower the Borrowers a statement of Borrower’s Revolving Loan the Borrowers’ loan account with the Bank hereunder, showing all applicable credits and debits. Each statement shall be considered correct and to have been accepted by Borrower the Borrowers and shall be conclusively binding upon Borrower the Borrowers in respect of all charges, debits and credits of whatsoever nature contained therein under or pursuant to this Loan Agreement, and the closing balance shown therein, unless Borrower notifies the Borrowers notify the Bank in writing of any discrepancy within twenty (20) days from the mailing by the Bank to Borrower the Borrowers of any such monthly statement.

Appears in 1 contract

Samples: Loan and Security Agreement (Smith & Wesson Holding Corp)

BANK'S REPORTS. After the end of each month, Bank will may render to Borrower a statement of regarding Borrower’s 's loan account under the Revolving Loan account Credit with Bank hereunder, showing all applicable credits and debits. Each statement and the information contained therein shall be considered correct and to have been accepted by Borrower and and, in the absence of manifest error, shall be conclusively binding upon Borrower in respect of all charges, debits and credits of whatsoever nature contained therein under or pursuant to this Agreement, and the closing balance shown therein, unless Borrower notifies Bank in writing of any discrepancy within twenty (20) days from the mailing by Bank to Borrower of any such monthly statement.

Appears in 1 contract

Samples: Credit Agreement (Hittite Microwave Corp)

BANK'S REPORTS. After the end of each month, Bank will render to Borrower a statement of Borrower’s Revolving Loan loan account with Bank hereunder, showing all applicable credits and debits. Each statement shall be considered correct and to have been accepted by Borrower and and, absent manifest error, shall be conclusively binding upon Borrower in respect of all charges, debits and credits of whatsoever nature contained therein under or pursuant to this Agreement, and the closing balance shown therein, unless Borrower notifies Bank in writing of any discrepancy within twenty (20) days from the mailing by Bank to Borrower of any such monthly statement.

Appears in 1 contract

Samples: Loan and Security Agreement (Mfic Corp)

BANK'S REPORTS. After the end of each month, Bank will render to Borrower a statement of Borrower’s Revolving Loan 's loan account with Bank hereunder, showing all applicable credits and debits. Each statement shall be considered correct and to have been accepted by Borrower and shall be conclusively binding upon Borrower in respect of all charges, debits and credits of whatsoever nature contained therein under or pursuant to this Agreement, and the closing balance shown therein, unless Borrower notifies Bank in writing of any discrepancy within twenty sixty (2060) days from the mailing by Bank to Borrower of any such monthly statement.

Appears in 1 contract

Samples: Loan and Security Agreement (Irobot Corp)

BANK'S REPORTS. After the end of each month, Bank will render to Borrower a statement of Borrower’s Revolving Loan loan account with Bank hereunder, showing all applicable credits and debits. Each statement shall be considered correct and to have been accepted by Borrower and shall be conclusively binding upon Borrower in respect of all charges, debits and credits of whatsoever nature contained therein under or pursuant to this Agreement, and the closing balance shown therein, unless Borrower notifies Bank in writing of any discrepancy within twenty sixty (2060) days from the mailing by Bank to Borrower of any such monthly statement.

Appears in 1 contract

Samples: Loan and Security Agreement (Icad Inc)

BANK'S REPORTS. After the end of each month, Bank will render to Borrower a statement of Borrower’s Revolving Loan 's loan account with Bank hereunder, showing all applicable credits and debits. Each statement shall be considered correct and to have been accepted by Borrower and shall be conclusively binding upon Borrower prima facie evidence in respect of all charges, debits and credits of whatsoever nature contained therein under or pursuant to this Agreement, and the closing balance shown therein, unless Borrower notifies Bank in writing of any discrepancy within twenty thirty (2030) days from the mailing by Bank to Borrower of any such monthly statement.

Appears in 1 contract

Samples: Loan and Security Agreement (Webhire Inc)

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