Common use of LENDER’S REPORTS Clause in Contracts

LENDER’S REPORTS. After the end of each month, Lender will render to Borrower Representative a statement of Borrowers’ loan account with Lender hereunder, showing all applicable credits and debits. Each statement shall be considered correct and to have been accepted by Borrowers and shall be conclusively binding upon Borrowers in respect of all charges, debits and credits of whatsoever nature contained therein under or pursuant to this Agreement, and the closing balance shown therein, unless Borrower Representative notifies Lender in writing of any discrepancy within twenty (20) days from the mailing by Lender to Borrower Representative of any such monthly statement.

LENDER’S REPORTS. After the end of each month, Lender will render to Borrower Representative a statement of Borrowers’ Borrower's loan account with Lender hereunder, showing all applicable credits and debits. Each statement shall be considered correct and to have been accepted by Borrowers Borrower and shall be conclusively binding upon Borrowers Borrower in respect of all charges, debits and credits of whatsoever nature contained therein under or pursuant to this Agreement, and the closing balance shown therein, unless Borrower Representative notifies Lender in writing of any discrepancy within twenty (20) days from the mailing by Lender to Borrower Representative of any such monthly statement.

LENDER’S REPORTS. After the end of each month, Lender will shall render to Borrower Representative a statement of Borrowers’ Borrower's loan account with Lender hereunder, showing all applicable credits and debits. Each statement shall be considered correct and to have been accepted by Borrowers Borrower and shall be conclusively binding upon Borrowers Borrower in respect of all charges, debits and credits of whatsoever nature contained therein under or pursuant to this Agreement, and the closing balance shown therein, unless Borrower Representative notifies Lender in writing of any discrepancy within twenty (20) days from the mailing by Lender to Borrower Representative of any such monthly statement.