Common use of Control Accounts Clause in Contracts

Control Accounts. The Agent shall maintain on its books a control account or accounts in which shall be recorded (i) the amount of the Advance made hereunder by the Banks, (ii) the amount of all principal, interest and other sums due or to become due from the Borrower to each of the Banks under the Facility Documents and (iii) the amount of any sum received or recovered by the Agent under the Facility Documents and each Bank's share therein. To the extent that discrepancies exist between accounts maintained by each Bank pursuant to clause 27.2 (EVIDENCE OF DEBT) and control accounts maintained by the Agent under this Clause 27.3, the control accounts herein maintained shall prevail.

Control Accounts. The Agent shall maintain on its books a control account or accounts in which shall be recorded (i) the amount of the Advance made hereunder by the BanksInitial Bank, (ii) the amount of all principal, interest and other sums due or to become due from the Borrower to each of the Banks under the Facility Financing Documents and (iii) the amount of any sum received or recovered by the Agent under the Facility Financing Documents and each Bank's share therein. To the extent that discrepancies exist between accounts maintained by each Bank pursuant to clause 27.2 (EVIDENCE OF DEBT) and control accounts maintained by the Agent under this Clause 27.3, the control accounts herein maintained shall prevail.

Control Accounts. The Agent shall maintain on its books a control account or accounts in which shall be recorded (i) the amount of the Advance each advance made hereunder by the Banks, (ii) the amount of all principal, interest and other sums due or to become due from the Borrower Borrowers to each of the Banks under the Facility Documents and (iii) the amount of any sum received or recovered by the Agent under the Facility Documents and each Bank's share therein. To the extent that discrepancies exist between accounts maintained by each Bank pursuant to clause 27.2 (EVIDENCE OF DEBT) and control accounts maintained by the Agent under this Clause 27.3, the control accounts herein maintained shall prevail.