Lender’s Records. Every statement of account or reconciliation rendered by the Lender to Borrower with respect to any of the Obligations shall be presumed conclusively to be correct and shall constitute an account stated between the Lender and Borrower unless, within ten (10) Business Days after such statement or reconciliation shall have been mailed, postage prepaid, to Borrower, the Lender shall receive written notice of specific objection thereto.
Appears in 7 contracts
Samples: Loan Agreement (Emerging Communications Inc), Loan Agreement (Illuminet Holdings Inc), Loan Agreement (Dakota Cooperative Telecommunications Inc)
Lender’s Records. Every statement of account or reconciliation rendered by the Lender to Borrower with respect to any of the Obligations shall be presumed conclusively to be correct and shall (absent manifest error) constitute an account stated between the Lender and Borrower unless, within ten (10) Business Days after such statement or reconciliation shall have been mailed, postage prepaid, to Borrower, the Lender shall receive written notice of specific objection thereto.
Appears in 2 contracts
Samples: Loan Agreement (Madison River Capital LLC), Loan Agreement (Madison River Capital LLC)
Lender’s Records. Every statement of account or ---------------- reconciliation rendered by the Lender to Borrower with respect to any of the Obligations shall be presumed conclusively to be correct and shall constitute an account stated between the Lender and Borrower unless, within ten (10) Business Days after such statement or reconciliation shall have been mailed, postage prepaid, to Borrower, the Lender shall receive written notice of specific objection thereto.
Appears in 1 contract
