Common use of Evidence of Swingline Loan Obligations Clause in Contracts

Evidence of Swingline Loan Obligations. Each Swingline Lender shall maintain in accordance with its usual practice an account or accounts evidencing the indebtedness of the Applicable Borrower to such Swingline Lender resulting from each Swingline Loan made by such Swingline Lender, including the amounts of principal and interest payable and paid to such Swingline Lender from time to time hereunder. The outstanding amount of the Swingline Loans set forth on such accounts shall be prima facie evidence of the principal amount thereof owing and unpaid to the Applicable Swingline Lender, but the failure to record, or any error in so recording, any such amount on such accounts shall not limit or otherwise affect the actual amount of the obligations of the Applicable Borrower hereunder to make payments of principal of or interest on the Swingline Loans when due.

Appears in 7 contracts

Samples: Senior Secured Syndicated Facility Agreement (Genesee & Wyoming Inc), Senior Secured Syndicated Facility Agreement (Genesee & Wyoming Inc), Senior Secured Syndicated Facility Agreement (Genesee & Wyoming Inc)

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Evidence of Swingline Loan Obligations. Each The Swingline Lender shall maintain in accordance with its usual practice an account or accounts evidencing the indebtedness of the Applicable US Borrower to such the Swingline Lender resulting from each Swingline Loan made by such the Swingline Lender, including the amounts of principal and interest payable and paid to such the Swingline Lender from time to time hereunder. The outstanding amount of the Swingline Loans set forth on such accounts shall be prima facie evidence of the principal amount thereof owing and unpaid to the Applicable Swingline Lender, but the failure to record, or any error in so recording, any such amount on such accounts shall not limit or otherwise affect the actual amount of the obligations of the Applicable US Borrower hereunder to make payments of principal of or interest on the Swingline Loans when due.

Appears in 2 contracts

Samples: Revolving Credit and Term Loan Agreement (Genesee & Wyoming Inc), Revolving Credit and Term Loan Agreement (Genesee & Wyoming Inc)

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Evidence of Swingline Loan Obligations. Each The Swingline Lender shall maintain in accordance with its usual practice an account or accounts evidencing the indebtedness Obligations of the Applicable Borrower to such the Swingline Lender resulting from each Swingline Loan made by such the Swingline Lender, including the amounts of principal and interest payable and paid to such the Swingline Lender from time to time hereunder. The outstanding amount of the Swingline Loans set forth on such accounts shall be prima facie evidence of the principal amount thereof owing and unpaid to the Applicable Swingline Lender, but the failure to record, or any error in so recording, any such amount on such accounts shall not limit or otherwise affect the actual amount of the obligations of the Applicable Borrower hereunder to make payments of principal of or interest on the Swingline Loans when due.

Appears in 1 contract

Samples: Revolving Credit Agreement (Lexmark International Inc /Ky/)

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