Common use of Entries Binding Clause in Contracts

Entries Binding. The Funding Agent will render and deliver a statement of the Register monthly to the Borrower and each Lender. All entries on any such statement shall, fifteen (15) days after the same is sent, be presumed to be correct and shall constitute prima facie evidence of the information contained in such statement. Each of the Borrower and the Lenders shall have the express right to rebut such presumption by conclusively demonstrating the existence of an error on the part of the Funding Agent.

Appears in 3 contracts

Samples: Credit Agreement (Foamex Capital Corp), Credit Agreement (Foamex Capital Corp), Credit Agreement (Foamex Capital Corp)

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Entries Binding. The Funding Agent will render and deliver a statement of the Register monthly to the each Borrower and each Lender. All entries on any such statement shall, fifteen (15) days after the same is sent, be presumed to be correct and shall constitute prima facie evidence of the information contained in such statement. Each of the Borrower Borrowers and the Lenders shall have the express right to rebut such presumption by conclusively demonstrating the existence of an error on the part of the Funding Agent.

Appears in 1 contract

Samples: Credit Agreement (Foamex International Inc)

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