Common use of Book Account Clause in Contracts

Book Account. Lender shall maintain an account on its books of all Advances made to Borrower and not yet repaid. Access to such information shall be available to Borrower via the Internet or by telephone or facsimile, if Borrower is unable to access the information electronically. Notwithstanding the foregoing, Borrower shall be responsible for maintaining its own account of Advances made and amounts due to Borrower and for paying such amounts when due; failure of Borrower to do so shall not excuse Borrower’s timely performance of all payment obligations under this Agreement.

Book Account. Lender shall maintain an account on its books of all Advances made to Borrower and not yet repaid. Access to such information shall be available to Borrower via the Internet or by telephone or facsimile, if Borrower is unable to access the information electronically. Notwithstanding the foregoing, Borrower shall be responsible for maintaining its own account of Advances made and amounts due to Borrower and for paying such amounts when due; failure of Borrower to do so shall not excuse Borrower’s 's timely performance of all payment obligations under this Agreement.. ARTICLE 5

Book Account. Lender shall maintain an account on its books of all Advances made to Borrower and not yet repaid. Access to such information shall be available to Borrower via the Internet or by telephone or facsimile, if Borrower is unable to access the information electronically. Notwithstanding the foregoing, Borrower shall be responsible for maintaining its own account of Advances made and amounts due to Borrower and for paying such amounts when due; failure of Borrower to do so shall not excuse Borrower’s 's timely performance of all payment obligations under this Agreement.