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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 principal amount of the Loan outstanding 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 Obligations owed to the Lender in respect of the Loan; provided further, that, in the event of any inconsistency between the Register and the Lender’s records, the recordations in the Register shall govern.

Appears in 2 contracts

Samples: Margin Loan Agreement (Montierra Minerals & Production, L.P.), Margin Loan Agreement (Montierra Minerals & Production, L.P.)

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

Appears in 1 contract

Samples: Senior Secured Term Loan Facility Agreement (New Residential Investment Corp.)

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

Appears in 1 contract

Samples: Letter of Credit Facility Agreement (Education Management Corporation)