Common use of Evidence of Loan Clause in Contracts

Evidence of Loan. The Loan is and shall be evidenced by the Notes, and the Loan shall bear interest calculated and payable as provided in Article II and Article III of this Agreement. Borrower shall pay the outstanding principal balance of the Loan and all unpaid interest accrued on the Loan and all other sums then owing under the Loan Documents in full on the Maturity Date. The unpaid amounts of the Loan, as set forth on the books and records of the Administrative Agent or other holder of the Notes maintained in the ordinary course of business shall be presumptive evidence of the principal amount thereof owing and unpaid, absent manifest error, but the failure to record any such amount on the books and records shall not limit or affect the obligations of Borrower hereunder or under the Notes to make payments of principal and interest on the Loan when due.