Common use of Lenders’ Evidence of Debt Clause in Contracts

Lenders’ Evidence of Debt. The Lender shall maintain on its internal records an account or accounts evidencing the Obligations, 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 the Obligations.

Appears in 2 contracts

Samples: Credit Agreement (Hibbett Inc), Credit Agreement (Hibbett Inc)

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Lenders’ Evidence of Debt. The Lender shall maintain on its internal records an account or accounts evidencing the Obligations, including the amounts of the Revolving 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 the Obligations.

Appears in 1 contract

Samples: Credit Agreement (Citizens, Inc.)

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Lenders’ Evidence of Debt. The Lender shall maintain on its internal records an account or accounts evidencing the ObligationsIndebtedness of each Borrower to 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 constitute prima facie evidence of the Borroweraccuracy of the information endorsed, absent manifest error; provided, that the failure to make any such recordation, or any error in such recordation, shall not affect the ObligationsRevolving Commitment or Borrowers’ Obligations in respect of any applicable Loans.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Tumi Holdings, Inc.)

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