Common use of Confirmation of Borrower's Liabilities Clause in Contracts

Confirmation of Borrower's Liabilities. Each and every statement of account transmitted by Bank to Borrower hereunder, whether in person, or by ordinary mail or otherwise, shall be final, conclusive and binding upon Borrower in all respects as to all loans, fees, interest, charges, payments, receipts, balances, and all other matters reflected therein unless Borrower, within thirty (30) days after the receipt thereof, shall give notice to Bank in writing of all objections to any such statement of account specifying those items considered by Borrower to be in dispute. Borrower agrees that its failure to specify items in dispute within the foregoing thirty (30) day period shall operate as a waiver of its rights to do so at a later time.

Appears in 1 contract

Samples: Loan Agreement (Resource America, Inc.)

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Confirmation of Borrower's Liabilities. Each and every statement of account transmitted by Bank to Borrower Borrowers hereunder, whether in person, or by ordinary mail or otherwise, shall be final, conclusive and binding upon Borrower Borrowers in all respects as to all loans, fees, interest, charges, payments, receipts, balances, Collateral and all other matters reflected therein unless BorrowerBorrowers, within thirty (30) days after the receipt mailing thereof, shall give notice to Bank in writing of all objections to any such statement of account specifying those items considered by Borrower Borrowers to be in dispute. Borrower agrees Borrowers agree that its their failure to specify items in dispute within the foregoing thirty (30) day period shall operate as a waiver of its their rights to do so at a later time.

Appears in 1 contract

Samples: Loan and Security Agreement (Moro Corp)

Confirmation of Borrower's Liabilities. Each and every statement of account transmitted by Bank to Borrower hereunder, whether in person, or by ordinary mail or otherwise, shall be final, conclusive and binding upon Borrower in all respects as to all loans, fees, interest, charges, payments, receipts, balances, Collateral and all other matters reflected therein unless Borrower, within thirty fifteen (3015) days after the receipt mailing thereof, shall give notice to Bank in writing of all objections to any such statement of account specifying those items considered by Borrower to be in dispute. Borrower agrees that its failure to specify items in dispute within the foregoing thirty fifteen (3015) day period shall operate as a waiver of its rights to do so at a later time.

Appears in 1 contract

Samples: Loan and Security Agreement (Egames Inc)

Confirmation of Borrower's Liabilities. Each and every statement of -------------------------------------- account transmitted by Bank to Borrower hereunder, whether in person, or by ordinary mail or otherwise, shall be final, conclusive and binding upon Borrower in all respects as to all loans, fees, interest, charges, payments, receipts, balances, Collateral and all other matters reflected therein unless Borrower, within thirty fifteen (3015) days after the receipt mailing thereof, shall give notice to Bank in writing of all objections to any such statement of account specifying those items considered by Borrower to be in dispute. Borrower agrees that its failure to specify items in dispute within the foregoing thirty fifteen (3015) day period shall operate as a waiver of its rights to do so at a later time.

Appears in 1 contract

Samples: Loan and Security Agreement (Orthovita Inc)

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Confirmation of Borrower's Liabilities. Each and every statement of account transmitted by Bank to Borrower hereunder, whether in person, or by ordinary mail or otherwise, shall be final, conclusive and binding upon Borrower in all respects as to all loans, fees, interest, charges, payments, receipts, balances, Collateral and all other matters reflected therein unless Borrower, within thirty (30) days after the receipt mailing thereof, shall give notice to Bank in writing of all objections to any such statement of account specifying those items considered by Borrower to be in dispute. Borrower agrees that its failure to specify items in dispute within the foregoing thirty (30) day period shall operate as a waiver of its rights to do so at a later time.

Appears in 1 contract

Samples: Loan and Security Agreement (Moro Corp)

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