Common use of Control Account Clause in Contracts

Control Account. The Agent shall maintain on its books a control account or accounts in which shall be recorded (i) the amount of any Loan or unpaid sum made or arising under this Agreement and each Lender's share in such Loan or unpaid sum, (ii) the amount of all principal, interest and other sums due or to become due from each Borrower to each of the Lenders under this Agreement and each Lender's share in each such amount and (iii) the amount of any sum received or recovered by the Agent under this Agreement and each Lender's share in such amount.

Appears in 3 contracts

Samples: Credit Agreement (Bell Microproducts Inc), Credit Agreement (Bell Microproducts Inc), Credit Agreement (Bell Microproducts Inc)

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Control Account. 25.4 The Agent shall maintain on its books a control account or accounts in which shall be recorded (i) the amount of any Loan or unpaid sum made or arising under this Agreement and each Lender's ’s share in such Loan or unpaid sum, (ii) the amount of all principal, interest and other sums due or to become due from each Borrower to each of the Lenders under this Agreement and each Lender's ’s share in each such amount and (iii) the amount of any sum received or recovered by the Agent under this Agreement and each Lender's ’s share in such amount.

Appears in 1 contract

Samples: Credit Agreement (Bell Microproducts Inc)

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Control Account. The Agent shall maintain on its books a control account or accounts in which shall be recorded (i) the amount of any Loan or unpaid sum made or arising under this Agreement and each Lender's share in such Loan or unpaid sum, (ii) the 108 amount of all principal, interest and other sums due or to become due from each Borrower to each of the Lenders under this Agreement and each Lender's share in each such amount and (iii) the amount of any sum received or recovered by the Agent under this Agreement and each Lender's share in such amount.

Appears in 1 contract

Samples: Credit Agreement (Bell Microproducts Inc)

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