Common use of Borrower’s Loan Account Clause in Contracts

Borrower’s Loan Account. Lender shall maintain one or more loan account(s) on its books in which shall be recorded (a) all Loans, Letter of Credit Accommodations and other Obligations and the Collateral,(b) all payments made by or on behalf of Borrower and (c) all other appropriate debits and credits as provided in this Agreement, including fees, charges, costs, expenses and interest. All entries in the loan account(s) shall be made in accordance with Lender's customary practices as in effect from time to time.

Appears in 1 contract

Samples: Loan and Security Agreement (Valley Media Inc)

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Borrower’s Loan Account. Lender shall maintain one or more a loan account(saccount ("Loan Account") on its books in which shall be recorded (ai) all Loansloans and advances made by Lender to Borrower pursuant to this Agreement, Letter of Credit Accommodations and other Obligations and the Collateral,(b(ii) all payments made by or Borrower on behalf of Borrower all such loans and advances and (ciii) all other appropriate debits and credits as provided in this Agreement, including including, without limitation, all fees, charges, costs, expenses and interest. All entries in the loan account(s) shall be made in accordance with Lender's customary practices as in effect from time to time.

Appears in 1 contract

Samples: Loan and Security Agreement (Triad Financial Corp)

Borrower’s Loan Account. Lender shall maintain one or more loan account(s) on its books in which shall be recorded (a) all Loans, Letter of Credit Accommodations Loans and other Obligations and the Collateral,(bCollateral, (b) all payments made by or on behalf of Borrower and (c) all other appropriate debits and credits as provided in this Agreement, including including, without limitation, fees, charges, costs, expenses and interest. All entries in the loan account(s) shall be made in accordance with Lender's customary practices as in effect from time to time.

Appears in 1 contract

Samples: Loan and Security Agreement (Nord Resources Corp)

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Borrower’s Loan Account. Lender shall maintain one or more loan account(s) on its books in which shall be recorded (a) all Loans, Letter of Credit Accommodations Loans and other Obligations and the Collateral,(bCollateral, (b) all payments made by or on behalf of Borrower and (c) all other appropriate debits and credits as provided in this Agreement, including fees, charges, costs, expenses and interest. All entries in the loan account(s) shall be made in accordance with Lender's customary practices as in effect from time to time.

Appears in 1 contract

Samples: Loan and Security Agreement (Dsi Toys Inc)

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