Common use of Ledger Clause in Contracts

Ledger. Each Bank will note on its internal records the amount of each Revolving Loan made by it (and the Swingline Bank shall note the amount of each Swingline Loan made by it), the Borrower to whom such Loan was made, and each payment in respect thereof, and will, prior to any transfer of any of its interest therein, note the outstanding principal amount of Loans (broken down by Borrower) to be so transferred. Failure to make any such notation (or any error in such notation) shall not affect the Obligations of the respective Borrowers in respect of such Loans.

Appears in 4 contracts

Samples: Custody Agreement (Nicholas Applegate Fund Inc), Credit Agreement (Galaxy Fund /De/), Credit Agreement (Galaxy Fund Ii)

AutoNDA by SimpleDocs

Ledger. Each Bank will note on its internal records the amount of each ------ Revolving Loan made by it (and the Swingline Bank shall note the amount of each Swingline Loan made by it), the Borrower to whom such Loan was made, and each payment in respect thereof, and will, prior to any transfer of any of its interest therein, note the outstanding principal amount of Loans (broken down by Borrower) to be so transferred. Failure to make any such notation (or any error in such notation) shall not affect the Obligations of the respective Borrowers in respect of such Loans.

Appears in 1 contract

Samples: Credit Agreement (Nicholas Applegate Fund Inc)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.