Common use of Computations and Records Clause in Contracts

Computations and Records. Client shall record the date and amount of each payment by Borrower, and the resulting balance of the Loan. Borrower acknowledges and agrees that Lender’s books and records relating to the transactions of this Agreement, including, without limitation, interest computations, shall be deemed correct, accurate and binding on Borrower.

Appears in 1 contract

Samples: Loan Agreement

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Computations and Records. Client shall record the date and amount of each Loan made, the amount of principal and interest due and payable, each payment by Borrower, and the resulting balance of the Loanunpaid principal balance. Borrower acknowledges and agrees that LenderClient’s books and records relating to the transactions of contemplated by this Agreement, including, without limitation, interest computationscomputations and payment records, shall be deemed correct, accurate accurate, and binding on BorrowerBorrower and admissible in any action or proceeding that may arise.

Appears in 1 contract

Samples: Loan and Security Agreement

Computations and Records. Client shall record the date and amount of each payment by BorrowerXxxxxxxx, and the resulting balance of the Loan. Borrower Xxxxxxxx acknowledges and agrees that LenderXxxxxx’s books and records relating to the transactions of this Agreement, including, without limitation, interest computations, shall be deemed correct, accurate and binding on Borrower.

Appears in 1 contract

Samples: Loan Agreement

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Computations and Records. Client shall record the date and amount of each Loan made, the amount of principal and interest due and payable, each payment by Borrower, and the resulting balance of the Loanunpaid principal balance. Borrower Xxxxxxxx acknowledges and agrees that LenderClient’s books and records relating to the transactions of contemplated by this Agreement, including, without limitation, interest computationscomputations and payment records, shall be deemed correct, accurate accurate, and binding on BorrowerBorrower and admissible in any action or proceeding that may arise.

Appears in 1 contract

Samples: Loan and Security Agreement

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