Common use of Evidence of Obligations Clause in Contracts

Evidence of Obligations. Each Obligation may, in Lender’s discretion, be evidenced by notes or other instruments issued or made by Borrower to Lender. If not so evidenced, such Obligation shall be evidenced solely by entries upon Lender’s books and records.

Appears in 3 contracts

Samples: Loan Agreement (WES Consulting, Inc.), Loan and Security Agreement (Bioanalytical Systems Inc), Loan and Security Agreement (WES Consulting, Inc.)

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Evidence of Obligations. Each Obligation may, in Lender’s discretion, be evidenced by notes or other instruments issued or made by Borrower to Lender. If not so evidenced, such Obligation shall be evidenced solely by entries upon Lender’s books and recordsrecords which records shall, subject to the time period for review and objection set forth in Section 2.7, be final, conclusive and binding for all purposes, absent manifest error.

Appears in 2 contracts

Samples: Loan and Security Agreement (Cybergy Holdings, Inc.), Loan and Security Agreement (MamaMancini's Holdings, Inc.)

Evidence of Obligations. Each Obligation may, in Lender’s discretion, may be evidenced by notes or other instruments issued or made by Borrower to Lenderthe Lenders. If not so evidenced, such Obligation shall be evidenced solely by entries upon Lender’s the books and recordsrecords of the Lenders.

Appears in 2 contracts

Samples: Loan and Security Agreement (Usa Detergents Inc), Loan and Security Agreement (Usa Detergents Inc)

Evidence of Obligations. Each Obligation may, in Lender’s 's discretion, be evidenced by notes or other instruments issued or made by Borrower to Lender. If not so evidenced, such Obligation shall be evidenced solely by entries upon Lender’s 's books and records.

Appears in 2 contracts

Samples: Loan and Security Agreement (Rockford Corp), Loan and Security Agreement (Glasgal Communications Inc)

Evidence of Obligations. Each Obligation may, in the Lender’s 's discretion, be evidenced by notes or other instruments issued or made by the Borrower to the Lender. If not so evidenced, such Obligation shall be evidenced solely by entries upon the Lender’s 's books and records.

Appears in 2 contracts

Samples: Loan Agreement (Iac Holdings Corp), Loan Agreement (International Mezzanine Investment N V)

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Evidence of Obligations. Each Obligation may, in Lender’s 's discretion, ----------------------- be evidenced by notes or other instruments issued or made by Borrower to Lender. If not so evidenced, such Obligation shall be evidenced solely by entries upon Lender’s 's books and records.

Appears in 1 contract

Samples: Loan and Security Agreement (Ameritruck Distribution Corp)

Evidence of Obligations. Each Obligation may, in Lender’s 's discretion, be evidenced by notes or other instruments issued or made by Borrower Borrowers, or any of them, to Lender. If not so evidenced, such Obligation shall be evidenced solely by entries upon Lender’s 's books and records.

Appears in 1 contract

Samples: Loan and Security Agreement (Core Technologies Pennsylvania Inc)

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