Common use of Evidence of Indebtedness; Loan Accounts Clause in Contracts

Evidence of Indebtedness; Loan Accounts. Each Lender participating in such Accordion Tranche shall maintain, in accordance with its usual practice, an account or accounts evidencing indebtedness of the Borrowers to such Lender resulting from such Lender’s share of such Accordion Tranche from time to time, including the amounts of principal, interest or fees payable and paid to such Lender from time to time under this Agreement. The Administrative Agent shall maintain accounts (including the Register) in which it shall record (A) the amount of such Accordion Tranche, the amount of any Loans advanced thereunder and each Interest Period applicable thereto, (B) the amount of any principal, interest or fees due and payable or to become due and payable from the Borrowers to each Lender participating in such Accordion Tranche, and (C) both the amount of any sum received by the Administrative Agent hereunder for the account of the Lenders and each Lender’s share thereof (if any). The entries made in the accounts maintained by each Lender participating in such Accordion Tranche pursuant to this Section 2.14 shall be conclusive absent manifest error; provided, however, that the failure of any Lender or the Administrative Agent to maintain any such accounts or note record, or any error therein, shall not in any manner affect the obligation of the Borrowers to repay (with applicable interest) any Loans advanced under such or the applicable Accordion Tranche made in accordance with the terms of this Agreement. If requested by any Lender participating in such Accordion Tranche, the Borrowers shall execute a promissory note with respect to such Lender’s portion of such Accordion Tranche.

Appears in 3 contracts

Samples: Revolving Credit and Term Loan Agreement (Waste Connections, Inc.), Credit Agreement (Waste Connections, Inc.), Credit Agreement (Waste Connections, Inc.)

AutoNDA by SimpleDocs

Evidence of Indebtedness; Loan Accounts. Each Lender participating in such Accordion Tranche shall maintain, in accordance with its usual practice, an account or accounts evidencing indebtedness of the Borrowers Borrower to such Lender resulting from such Lender’s share of such Accordion Tranche from time to time, including the amounts of principal, interest or fees payable and paid to such Lender from time to time under this Agreement. The Administrative Agent Agents shall maintain accounts (including the Register) in which it shall record (A) the amount of such Accordion Tranche, the amount of any Loans Credit Extensions advanced thereunder and each Interest Period applicable thereto, (B) the amount of any principal, interest or fees due and payable or to become due and payable from the Borrowers Borrower to each Lender participating in such Accordion Tranche, and (C) both the amount of any sum received by the Administrative Agent Agents hereunder for the account of the Lenders and each Lender’s share thereof (if any). The entries made in the accounts maintained by each Lender participating in such Accordion Tranche pursuant to this Section 2.14 2.15 shall be conclusive absent manifest error; provided, however, that the failure of any Lender or the Administrative Agent Agents to maintain any such accounts or note record, or any error therein, shall not in any manner affect the obligation of the Borrowers Borrower to repay (with applicable interest) any Loans or other Credit Extensions advanced under such or the applicable Accordion Tranche made in accordance with the terms of this Agreement. If requested by any Lender participating in such Accordion Tranche, the Borrowers Borrower shall execute a promissory note with respect to such Lender’s portion of such Accordion Tranche.

Appears in 3 contracts

Samples: Revolving Credit and Term Loan Agreement (Waste Connections, Inc.), Revolving Credit and Term Loan Agreement (Waste Connections, Inc.), Revolving Credit and Term Loan Agreement (Waste Connections, Inc.)

Evidence of Indebtedness; Loan Accounts. Each Lender participating in such Accordion Tranche shall maintain, in accordance with its usual practice, an account or accounts evidencing indebtedness of the Borrowers Borrower to such Lender resulting from such Lender’s share of such Accordion Tranche from time to time, including the amounts of principal, interest or fees payable and paid to such Lender from time to time under this Agreement. The Administrative Agent Agents shall maintain accounts (including the Register) in which it shall record (A) the amount of such Accordion Tranche, the amount of any Loans Credit Extensions advanced thereunder and each Interest Period applicable thereto, (B) the amount of any principal, interest or fees due and payable or to become due and payable from the Borrowers Borrower to each Lender participating in such Accordion Tranche, and (C) both the amount of any sum received by the Administrative Agent Agents hereunder for the account of the Lenders and each Lender’s share thereof (if any). The entries made in the accounts maintained by each Lender participating in such Accordion Tranche pursuant to this Section 2.14 2.15 shall be conclusive absent manifest error; provided, however, that the failure of any Lender or the Administrative Agent Agents to maintain any such accounts or note record, or any error therein, shall not in any manner affect the obligation of the Borrowers Borrower to repay (with applicable interest) any Loans or other Credit Extensions advanced under such or the applicable Accordion Tranche made in accordance with the terms of this Agreement. If requested by any Lender participating in such Accordion Tranche, the Borrowers Borrower shall execute a promissory note with respect to such LenderLxxxxx’s portion of such Accordion Tranche.

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Waste Connections, Inc.)

Evidence of Indebtedness; Loan Accounts. Each Lender participating in such Accordion Tranche Advance shall maintain, in accordance with its usual practice, an account or accounts evidencing indebtedness of the Borrowers Borrower to such Lender resulting from such Lender’s pro rata share of such Accordion Tranche Advance from time to time, including the amounts of principal, interest or fees payable and paid to such Lender from 8884322.11 time to time under this Agreement. The Administrative Agent shall maintain accounts (including the Register) in which it shall record (Ai) the amount of such Accordion TrancheAdvance, the amount of any Loans advanced thereunder and each Interest Period applicable thereto, (Bii) the amount of any principal, interest or fees due and payable or to become due and payable from the Borrowers Borrower to each Lender participating in such Accordion TrancheAdvance, and (Ciii) both the amount of any sum received by the Administrative Agent hereunder for the account of the Lenders and each Lender’s share thereof (if any). The entries made in the accounts maintained by each Lender participating in such Accordion Tranche Advance pursuant to this Section 2.14 shall be conclusive absent manifest error; provided, however, that the failure of any Lender or the Administrative Agent to maintain any such accounts or note record, or any error therein, shall not in any manner affect the obligation of the Borrowers Borrower to repay (with applicable interest) any Loans advanced under such or the applicable Accordion Tranche Advance made in accordance with the terms of this Agreement. If requested by any Lender participating in such Accordion TrancheAdvance, the Borrowers Borrower shall execute a promissory note with respect to such Lender’s portion of such Accordion TrancheAdvance.

Appears in 1 contract

Samples: Credit Agreement (Heritage-Crystal Clean, Inc.)

Evidence of Indebtedness; Loan Accounts. Each Lender participating in such Accordion Tranche Advance shall maintain, in accordance with its usual practice, an account or accounts evidencing indebtedness of the Borrowers Borrower to such Lender resulting from such Lender’s 's pro rata share of such Accordion Tranche Advance from time to time, including the amounts of principal, interest or fees payable and paid to such Lender from time to time under this Agreement. The Administrative Agent shall maintain accounts (including the Register) in which it shall record (Ai) the amount of such Accordion TrancheAdvance, the amount of any Loans advanced thereunder and each Interest Period applicable thereto, (Bii) the amount of any principal, interest or fees due and payable or to become due and payable from the Borrowers Borrower to each Lender participating in such Accordion TrancheAdvance, and (Ciii) both the amount of any sum received by the Administrative Agent hereunder for the account of the Lenders and each Lender’s 's share thereof (if any). The entries made in the accounts maintained by each Lender participating in such Accordion Tranche Advance pursuant to this Section 2.14 shall be conclusive absent manifest error; provided, however, that the failure of any Lender or the Administrative Agent to maintain any such accounts or note record, or any error therein, shall not in any manner affect the obligation of the Borrowers Borrower to repay (with applicable interest) any Loans advanced under such or the applicable Accordion Tranche Advance made in accordance with the terms of this Agreement. If requested by any Lender participating in such Accordion TrancheAdvance, the Borrowers Borrower shall execute a promissory note with respect to such Lender’s 's portion of such Accordion TrancheAdvance.

Appears in 1 contract

Samples: Credit Agreement (Heritage-Crystal Clean, Inc.)

Evidence of Indebtedness; Loan Accounts. Each Lender participating in such Accordion Tranche Advance shall maintain, in accordance with its usual practice, an account or accounts evidencing indebtedness of the Borrowers to such Lender resulting from such Lender’s pro rata share of such Accordion Tranche Advance from time to time, including the amounts of principal, interest or fees payable and paid to such Lender from time to time under this Agreement. The Administrative Agent shall maintain accounts (including the Register) in which it shall record (Ai) the amount of such Accordion TrancheAdvance, the amount of any the Loans advanced thereunder and each and, with respect to any Interest Period applicable thereto, (Bii) the amount of any principal, interest or fees due and payable or to become due and payable from the Borrowers Borrower to each Lender participating in such Accordion TrancheAdvance, and (Ciii) both the amount of any sum received by the Administrative Agent hereunder for the account of the Lenders and each Lender’s share thereof (if any). The entries made in the accounts maintained by each Lender participating in such Accordion Tranche Advance pursuant to this Section 2.14 §2.8 shall be conclusive absent manifest error; provided, however, that the failure of any Lender or the Administrative Agent to maintain any such accounts or note record, or any error therein, shall not in any manner affect the obligation of the Borrowers Borrower to repay (with applicable interest) any Loans advanced under such or the applicable Accordion Tranche Advance made in accordance with the terms of this Agreement. If requested by any Lender participating in such Accordion TrancheAdvance, the Borrowers Borrower shall execute a promissory note with respect to such Lender’s portion of such Accordion TrancheAdvance.

Appears in 1 contract

Samples: Term Loan Agreement (First Potomac Realty Trust)

AutoNDA by SimpleDocs

Evidence of Indebtedness; Loan Accounts. Each Lender participating in such Accordion Tranche shall maintain, in accordance with its usual practice, an account or accounts evidencing indebtedness of the Borrowers Borrower to such Lender resulting from such Lender’s share of such Accordion Tranche from time to time, including the amounts of principal, interest or fees payable and paid to such Lender from time to time under this Agreement. The Administrative Agent shall maintain accounts (including the Register) in which it shall record (A) the amount of such Accordion Tranche, the amount of any Loans advanced thereunder and each Interest Period applicable thereto, (B) the amount of any principal, interest or fees due and payable or to become due and payable from the Borrowers Borrower to each Lender participating in such Accordion Tranche, and (C) both the amount of any sum received by the Administrative Agent hereunder for the account of the Lenders and each Lender’s share thereof (if any). The entries made in the accounts maintained by each Lender participating in such Accordion Tranche pursuant to this Section 2.14 2.16 shall be conclusive absent manifest error; provided, however, that the failure of any Lender or the Administrative Agent to maintain any such accounts or note record, or any error therein, shall not in any manner affect the obligation of the Borrowers Borrower to repay (with applicable interest) any Loans advanced under such or the applicable Accordion Tranche made in accordance with the terms of this Agreement. If requested by any Lender participating in such Accordion Tranche, the Borrowers Borrower shall execute a promissory note with respect to such Lender’s portion of such Accordion Tranche.

Appears in 1 contract

Samples: Credit Agreement (Harte Hanks Inc)

Evidence of Indebtedness; Loan Accounts. Each Lender participating in such Accordion Tranche shall maintain, in accordance with its usual practice, an account or accounts evidencing indebtedness of the Borrowers to such Lender resulting from such Lender’s share of such Accordion Tranche from time to time, including the amounts of principal, interest or fees payable and paid to such Lender from time to time under this Agreement. The Administrative Agent shall maintain accounts (including the Register) in which it shall record (A) the amount of such Accordion Tranche, the amount of any Loans advanced thereunder and each Interest Period applicable thereto, (B) the amount of any principal, interest or fees due and payable or to become due and payable from the Borrowers to each Lender participating in such Accordion Tranche, and (C) both the amount of any sum received by the Administrative Agent hereunder for the account of the Lenders and each Lender’s share thereof (if any). The entries made in the accounts maintained by each Lender participating in such Accordion Tranche pursuant to this Section 2.14 shall shall, to the extent permitted by Applicable Law, be conclusive absent manifest errorprima facie evidence of the existence and amounts of the obligations of the Borrowers therein recorded; provided, however, that the failure of any Lender or the Administrative Agent to maintain any such accounts or note record, or any error therein, shall not in any manner affect the obligation of the Borrowers to repay (with applicable interest) any Loans advanced under such or the applicable Accordion Tranche made in accordance with the terms of this Agreement. If requested by any Lender participating in such Accordion Tranche, the Borrowers shall execute a promissory note with respect to such Lender’s portion of such Accordion Tranche.

Appears in 1 contract

Samples: Credit Agreement (Casella Waste Systems Inc)

Evidence of Indebtedness; Loan Accounts. Each Lender participating in such Accordion Tranche shall maintain, in accordance with its usual practice, an account or accounts evidencing indebtedness of the Borrowers Borrower to such Lender resulting from such Lender’s share of such Accordion Tranche from time to time, including the amounts of principal, interest or fees payable and paid to such Lender from time to time under this Agreement. The Administrative Agent Agents shall maintain accounts (including the Register) in which it shall record (A) the amount of such Accordion Tranche, the amount of any Loans Credit Extensions advanced thereunder and each Interest Period applicable thereto, (B) the amount of any principal, interest or fees due and payable or to become due and payable from the Borrowers Borrower to each Lender participating in such Accordion Tranche, and (C) both the amount of any sum received by the Administrative Agent Agents hereunder for the account of the Lenders and each Lender’s share thereof (if any). The entries made in the accounts maintained by each Lender participating in such Accordion Tranche pursuant to this Section 2.14 2.15 shall be conclusive absent manifest error; provided, however, that the failure of any Lender or the Administrative Agent Agents to maintain any such accounts or note record, or any error therein, shall not in any manner affect the obligation of the Borrowers Borrower to repay (with applicable interest) any Loans or other Credit Extensions advanced under such or the applicable Accordion Tranche made in accordance with the terms of this Agreement. If requested by any Lender participating in such Accordion Tranche, the Borrowers Borrower shall execute a promissory note with respect to such LenderXxxxxx’s portion of such Accordion Tranche.

Appears in 1 contract

Samples: Revolving Credit Agreement (Waste Connections, Inc.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!