Common use of Evidence of the Loans Clause in Contracts

Evidence of the Loans. (a) The Loans made to the Borrower shall be evidenced by this Agreement and by a loan account in the Borrower's name to be maintained by the Lender. All Loans shall be payable by the Borrower to the order of the Lender not later than the Termination Date. (b) The Lender's loan account shall reflect appropriate notations evidencing the date and the amount of each Loan and the date and amount of each payment of principal and interest made by the Borrower with respect thereto. The loan account shall be conclusive evidence, absent manifest error, of the amount of the Loans, the interest accrued and payable thereon and all interest and principal payments made thereon. Any failure to record or any error therein shall in no way limit or otherwise affect the obligations of the Borrower hereunder to pay any amount owing with respect to the Loans.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Duke Energy Field Services Corp), Revolving Credit Agreement (Teppco Partners Lp)

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Evidence of the Loans. (a) The Loans made to the Borrower shall be evidenced by this Agreement and by a loan account in the Borrower's name to be maintained by the Lender. All Loans shall be payable by the Borrower to the order of the Lender not later than the Termination Date. (b) The Lender's loan account shall reflect appropriate notations evidencing the date date, the amount and the amount maturity of each Loan and the date and amount of each payment of principal and interest made by the Borrower with respect thereto. The loan account shall be conclusive evidence, absent manifest error, of the amount of the Loans, the interest accrued and payable thereon and all interest and principal payments made thereon. Any failure to record or any error therein shall in no way limit or otherwise affect the obligations of the Borrower hereunder to pay any amount owing with respect to the Loans.

Appears in 1 contract

Samples: Revolving Credit Agreement (Calcomp Technology Inc)

Evidence of the Loans. (a) The Loans made to the Borrower Borrowers shall be evidenced by this Agreement and by a loan account in the a Borrower's name to be maintained by the Lender. All Loans shall be payable by the Borrower Borrowers to the order of the Lender not later than the Termination Date. (b) The Lender's loan account shall reflect appropriate notations evidencing the date date, the amount and the amount maturity of each Loan and the date and amount of each payment of principal and interest made by the Borrower Borrowers with respect thereto. The loan account shall be conclusive evidence, absent manifest error, of the amount of the Loans, the interest accrued and payable thereon and all interest and principal payments made thereon. Any failure to record or any error therein shall in no way limit or otherwise affect the obligations of the Borrower Borrowers hereunder to pay any amount owing with respect to the Loans.

Appears in 1 contract

Samples: Revolving Credit Agreement (Calcomp Technology Inc)

Evidence of the Loans. (a) The Loans made to the Borrower Borrowers shall be evidenced by this Agreement and by a loan account in the a Borrower's name to be maintained by the Lender. All Loans shall be payable by the Borrower Borrowers to the order of the Lender not on demand and in no event later than the Termination Date. (b) The Lender's loan account shall reflect appropriate notations evidencing the date date, the amount and the amount maturity of each Loan and the date and amount of each payment of principal and interest made by the Borrower Borrowers with respect thereto. The loan account shall be conclusive evidence, absent manifest error, of the amount of the Loans, the interest accrued and payable thereon and all interest and principal payments made thereon. Any failure to record or any error Exhibit A-5 therein shall in no way limit or otherwise affect the obligations of the Borrower Borrowers hereunder to pay any amount owing with respect to the Loans.

Appears in 1 contract

Samples: Secured Demand Loan Facility (Lockheed Martin Corp)

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Evidence of the Loans. (a) The Loans made to the Borrower shall be evidenced by this Agreement and by a loan account in the a Borrower's name to be maintained by the Lender. All Loans shall be payable by the Borrower to the order of the Lender not on demand and in no event later than the Termination Date. (b) The Lender's loan account shall reflect appropriate notations evidencing the date date, the amount and the amount maturity of each Loan and the date and amount of each payment of principal and interest made by the Borrower with respect thereto. The loan account shall be conclusive evidence, absent manifest error, of the amount of the Loans, the interest accrued and payable thereon and all interest and principal payments made thereon. Any failure to record or any error therein shall in no way limit or otherwise affect the obligations of the Borrower hereunder to pay any amount owing with respect to the Loans.

Appears in 1 contract

Samples: Subordinated Loan Agreement (Calcomp Technology Inc)

Evidence of the Loans. (a) The Loans made to the Borrower Borrowers shall be evidenced by this Agreement and by a loan account in the a Borrower's name to be maintained by the Lender. All Loans shall be payable by the Borrower Borrowers to the order of the Lender not on demand and in no event later than the Termination Date. (b) The Lender's loan account shall reflect appropriate notations evidencing the date date, the amount and the amount maturity of each Loan and the date and amount of each payment of principal and interest made by the Borrower Borrowers with respect thereto. The loan account shall be conclusive evidence, absent manifest error, of the amount of the Loans, the interest accrued and payable thereon and all interest and principal payments made thereon. Any failure to record or any error therein shall in no way limit or otherwise affect the obligations of the Borrower Borrowers hereunder to pay any amount owing with respect to the Loans.

Appears in 1 contract

Samples: Secured Demand Loan Facility (Calcomp Technology Inc)

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