Credit Account. An account shall be opened on the books of Lender which shall be designated on Lender’s books and records as Borrower’s “Credit Account” in which account a record will be kept of the Loan, all Advances thereunder, and all payments thereon and other appropriate debits and credits as provided by this Agreement.
Appears in 3 contracts
Samples: Loan and Security Agreement (Daybreak Oil & Gas, Inc.), Loan and Security Agreement (Daybreak Oil & Gas, Inc.), Loan and Security Agreement (Viper Powersports Inc)
Credit Account. An account shall be opened on the books of Lender which shall be designated on Lender’s books and records as Borrower’s “Credit Account” in which account a record will be kept of the LoanLoan and the Sublimits, all Advances thereunder, and all payments thereon and other appropriate debits and credits as provided by this Agreement.
Appears in 1 contract
Samples: Loan and Security Agreement (Daybreak Oil & Gas, Inc.)
