Common use of Books of Account; Statements Clause in Contracts

Books of Account; Statements. The Administrative Agent shall maintain books of account on a cash basis and record therein all deposits into and transfers to and from the Accounts and all investment transactions effected by the Administrative Agent pursuant to Section 8.27 and any such recordation shall constitute PRIMA FACIE evidence of the information recorded.

Appears in 2 contracts

Samples: Credit Agreement (Flag Telecom Holdings LTD), Credit Agreement (Flag Telecom Holdings LTD)

AutoNDA by SimpleDocs

Books of Account; Statements. The Administrative Agent shall maintain books of account on a cash basis and record therein all deposits into and transfers to to, from and from between the Accounts and all investment transactions effected by the Administrative Agent Agent, pursuant to Section 8.27 Article V hereof. The Administrative Agent shall make such books of account available during normal business hours for inspection and any such recordation shall constitute PRIMA FACIE evidence of audit by the information recordedBorrower and the Secured Parties and their respective representatives upon reasonable prior notice.

Appears in 2 contracts

Samples: Credit Agreement (Orion Power Holdings Inc), Credit Agreement (Orion Power Holdings Inc)

Books of Account; Statements. The Administrative Agent shall maintain books of account on a cash basis and record therein all deposits into and transfers to to, from and from between the Accounts and all investment transactions effected by the Administrative Agent Agent, pursuant to Section 8.27 Article V hereof. The Administrative Agent shall make such books of account available during normal business hours for inspection and any such recordation shall constitute PRIMA FACIE evidence of audit by the information recorded.Borrower and the Secured Parties and their respective representatives upon reasonable prior notice. ARTICLE V

Appears in 1 contract

Samples: Partnership Interest Pledge Agreement (Orion Power Holdings Inc)

Books of Account; Statements. The Administrative Agent shall maintain books of account on a cash basis and record therein all deposits into and transfers to and from the Accounts and all investment transactions effected by the Administrative Agent pursuant to Section 8.27 and any such recordation shall constitute PRIMA FACIE prima facie evidence of the information recorded.. 120 129

Appears in 1 contract

Samples: Credit Agreement (Global Telesystems Group Inc)

AutoNDA by SimpleDocs

Books of Account; Statements. The Administrative Agent shall maintain books of account on a cash basis and record therein all deposits into and transfers to and from the Accounts and all investment transactions effected by the Administrative Agent pursuant to Section 8.27 8.26 and any such recordation shall constitute PRIMA FACIE evidence of the information recorded.

Appears in 1 contract

Samples: Credit Agreement (Flag Telecom Holdings LTD)

Time is Money Join Law Insider Premium to draft better contracts faster.