Common use of Borrowers’ Loan Accounts Clause in Contracts

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

Appears in 2 contracts

Samples: Loan and Security Agreement (J Crew Group Inc), Loan and Security Agreement (J Crew Group Inc)

AutoNDA by SimpleDocs

Borrowers’ Loan Accounts. Agent, for and on behalf of Lenders, Agent shall maintain one or more loan account(s) on its books in the name of Borrowers (the “Loan Account”) on which shall Borrowers will be recorded charged with (a) all Revolving Loans, Letter Letters of Credit Accommodations and other Obligations and the Collateral, (b) all payments made by or on behalf of Borrowers any Loan Party, and (c) all other appropriate debits and credits as provided in this Agreement, including, without limitation, including fees, charges, costs, expenses and interest. All entries in the loan account(s) Loan Account shall be made in accordance with Agent’s customary practices as in effect from time to time.

Appears in 1 contract

Samples: Loan and Security Agreement (Travelcenters of America LLC)

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

Appears in 1 contract

Samples: Loan and Security Agreement (J Crew Operating Corp)

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

Appears in 1 contract

Samples: Loan and Security Agreement (Terex Corp)

AutoNDA by SimpleDocs

Borrowers’ Loan Accounts. Agent, for and on behalf of Lenders, Agent shall maintain one or more loan ------------------------ account(s) on its books in which shall be recorded (a) all Revolving Loans, Letter of Credit Accommodations and other Obligations and the CollateralCollateral and the property of Retail Store Subsidiaries securing Obligations, (b) all payments made by or on behalf of Borrowers and (c) all other appropriate debits and credits as provided in this Agreement, including, without limitation, fees, charges, costs, expenses and interest. All entries in the loan account(s) shall be made in accordance with Agent’s 's customary practices as in effect from time to time.

Appears in 1 contract

Samples: Loan and Security Agreement (Charming Shoppes Inc)

Borrowers’ Loan Accounts. Agent, for and on behalf of Lenders, Agent shall maintain one or more loan account(s) on its books in which shall be recorded (a) all Revolving Loans, Letter of Credit Accommodations and other Obligations and the CollateralCollateral and the property of Retail Store Subsidiaries securing Obligations, (b) all payments made by or on behalf of Borrowers and (c) all other appropriate debits and credits as provided in this Agreement, including, without limitation, fees, charges, costs, expenses and interest. All entries in the loan account(s) shall be made in accordance with Agent’s 's customary practices as in effect from time to time.

Appears in 1 contract

Samples: Loan and Security Agreement (Charming Shoppes Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!