Common use of Lenders’ Evidence of Debt Clause in Contracts

Lenders’ Evidence of Debt. Each Lender shall maintain on its internal records an account or accounts evidencing the Obligations of the Borrower to such Lender, including the amounts of the Loans made by it and each repayment and prepayment in respect thereof. Any such recordation shall be conclusive and binding on the Borrower, absent manifest error; provided, that the failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s Revolving Commitments, or the amount of the outstanding principal amount of any Loans or the Borrower’s Obligations in respect of any applicable Loans; and provided further, in the event of any inconsistency between the Register and any Lender’s records, the recordations in the Register shall govern absent manifest error.

Appears in 2 contracts

Samples: Fifth Amended and Restated Credit Agreement (CURO Group Holdings Corp.), Credit Agreement (CURO Group Holdings Corp.)

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Lenders’ Evidence of Debt. Each Lender shall maintain on in accordance with its internal records usual practice an account or accounts evidencing the Obligations of each of the Borrower Borrowers to such Lender, including the amounts of the Loans made by it to each Borrower and each repayment and prepayment in respect thereof. Any such recordation shall be conclusive and binding on the Borrowerrelevant Borrowers, absent manifest error; provided, provided that the failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s Revolving Commitments, Commitments or the amount Obligations of the outstanding principal amount of any Loans or the Borrower’s Obligations each Borrower in respect of any applicable Loans, L/C Borrowings or any other Obligations; and provided provided, further, in the event of any inconsistency between the Register and any Lender’s records, the recordations in the Register shall govern absent manifest errorgovern.

Appears in 2 contracts

Samples: Amendment and Restatement Agreement (Compass Minerals International Inc), Credit Agreement (Compass Minerals International Inc)

Lenders’ Evidence of Debt. Each Lender shall maintain on its internal records an account or accounts evidencing the Obligations Indebtedness of the Borrower to such Lender, including the amounts of the Loans made by it and each repayment and prepayment in respect thereof. Any such recordation shall be conclusive and binding on the Borrower, absent manifest error; provided, that the failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s 's Overadvance Loan Commitment, Revolving Credit Commitments, or the amount of the outstanding principal amount of any Term Loans or the any of Borrower’s 's Obligations in respect of any applicable Loans; and provided provided, further, in the event of any inconsistency between the Register and any Lender’s 's records, the recordations in the Register shall govern absent manifest errorgovern.

Appears in 1 contract

Samples: Credit Agreement (Scan Optics Inc)

Lenders’ Evidence of Debt. Each Lender shall maintain on its internal records an account or accounts evidencing the Obligations of the Borrower to such Lender, including the amounts of the Loans made by it and each repayment and prepayment in respect thereof. Any Subject to the entries in the Register (which shall be controlling), any such recordation shall be conclusive and binding on the Borrower, absent manifest error; provided, that the failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s Revolving Commitments, or the amount of the outstanding principal amount of any Loans Commitments or the Borrower’s Obligations in respect of any applicable Loans; and provided further, in the event of any inconsistency between the Register and any Lender’s records, the recordations in the Register shall govern absent manifest errorgovern.

Appears in 1 contract

Samples: Credit Agreement (Northstar Realty Finance Corp.)

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Lenders’ Evidence of Debt. Each Lender shall maintain on its internal records an account or accounts evidencing the Obligations of the Borrower to such Lender, 45 Credit and Guaranty Agreement including the amounts of the Loans made by it and each repayment and prepayment in respect thereof. Any Subject to the entries in the Register (which shall be controlling), any such recordation shall be conclusive and binding on the Borrower, absent manifest error; provided, that the failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s Revolving Commitments, or the amount of the outstanding principal amount of any Loans Commitments or the Borrower’s Obligations in respect of any applicable Loans; and provided further, in the event of any inconsistency between the Register and any Lender’s records, the recordations in the Register shall govern absent manifest errorgovern.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Northstar Realty Finance Corp.)

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