Common use of Evidence of Credit Extensions Clause in Contracts

Evidence of Credit Extensions. The Advances of each Lender outstanding at any time (other than Competitive Bid Loans, which are evidenced by the Competitive Bid Notes) shall be evidenced by the Notes. Each Note executed by the Borrower shall be in a maximum principal amount equal to each Lender's Percentage of the Aggregate Commitment. Each Lender shall record Advances and principal payments thereof on the schedule attached to its Note or, at its option, in its records, and each Lender's record thereof shall be conclusive absent Borrower furnishing to such Lender conclusive and irrefutable evidence of an error made by such Lender with respect to that Lender's records. Notwithstanding the foregoing, the failure to make, or an error in making, a notation with respect to any Advance or payment shall not limit or otherwise affect the obligations of Borrower hereunder or under the Notes to pay the amount actually owed by Borrower to Lenders.

Appears in 1 contract

Samples: Revolving Credit Agreement (Bradley Real Estate Inc)

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Evidence of Credit Extensions. The Advances of each Lender outstanding at any time (other than Competitive Bid Loans, which are evidenced by the Competitive Bid Notes) shall be evidenced by the Notes. Each Note executed by the Borrower shall be in a maximum principal amount equal to each Lender's Percentage of the current Aggregate CommitmentCommitment of $200,000,000. Each Lender shall record Advances and principal payments thereof on the schedule attached to its Note or, at its option, in its records, and each Lender's record thereof shall be conclusive absent Borrower furnishing to such Lender conclusive and irrefutable evidence of an error made by such Lender with respect to that Lender's records. Notwithstanding the foregoing, the failure to make, or an error in making, a notation with respect to any Advance or payment shall not limit or otherwise affect the obligations of Borrower hereunder or under the Notes to pay the amount actually owed by Borrower to Lenders.

Appears in 1 contract

Samples: Assignment Agreement (First Industrial Realty Trust Inc)

Evidence of Credit Extensions. The Advances Borrowings of each Lender outstanding at any time (other than Competitive Bid Loans, which are evidenced by the Competitive Bid Notes) shall be evidenced by the Notes. Each Note executed by the Borrower shall be in a maximum principal amount equal to, with respect to each Lender's Percentage , its applicable percentage of the then current Aggregate Commitment. Each Lender shall record Advances Borrowings and principal payments thereof on the schedule attached to its Note or, at its option, in its records, and each Lender's ’s record thereof shall be conclusive absent Borrower furnishing to such Lender conclusive and irrefutable evidence of an error made by such Lender with respect to that Lender's ’s records. Notwithstanding the foregoing, the failure to make, or an error in making, a notation with respect to any Advance or payment Borrowing shall not limit or otherwise affect the obligations of Borrower hereunder or under the Notes to pay the amount actually owed by Borrower to Lenders.

Appears in 1 contract

Samples: Revolving Credit Agreement (First Industrial Realty Trust Inc)

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Evidence of Credit Extensions. The Advances of each Lender ----------------------------- outstanding at any time (other than Competitive Bid Loans, which are evidenced by the Competitive Bid Notes) shall be evidenced by the Notes. Each Note executed by the Borrower shall be in a maximum principal amount equal to each Lender's Percentage of the Aggregate Commitment. Each Lender shall record Advances (other than Competitive Bid Loans) and principal payments thereof on the schedule attached to its Note or, at its option, in its records, and each Lender's record thereof shall be conclusive absent Borrower furnishing to such Lender conclusive and irrefutable evidence of an error made by such Lender with respect to that Lender's records. Notwithstanding the foregoing, the failure to make, or an error in making, a notation with respect to any Advance or payment shall not limit or otherwise affect the obligations of Borrower hereunder or under the Notes to pay the amount actually owed by Borrower to Lenders.

Appears in 1 contract

Samples: Revolving Credit Agreement (Rouse Company)

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