Common use of Evidence of Secured Obligations Clause in Contracts

Evidence of Secured Obligations. Lenders’ books and records showing the Secured Obligations shall be admissible in any action or proceeding, shall be binding upon each Grantor for the purpose of establishing the Secured Obligations due from Grantor and shall constitute prima facie proof, absent manifest error, of the Secured Obligations of Grantor to Lenders.

Appears in 6 contracts

Samples: Security Agreement (BranchOut Food Inc.), Security Agreement (SOS Hydration Inc.), Security Agreement (SOS Hydration Inc.)

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Evidence of Secured Obligations. Lenders’ Lender’s books and records showing the Secured Obligations shall be admissible in any action or proceeding, shall be binding upon each Grantor for the purpose of establishing the Secured Obligations due from Grantor and shall constitute prima facie proof, absent manifest error, of the Secured Obligations of Grantor to LendersLender.

Appears in 1 contract

Samples: Security Agreement (Arcimoto Inc)

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