Common use of Liability Records Clause in Contracts

Liability Records. The Bank may maintain from time to time, at its discretion, liability records as to the Obligations. Absent manifest error, all entries made on any such record shall be presumed correct until the Borrower establishes the contrary. Upon the Bank’s demand, the Borrower will admit and certify in writing the exact principal balance of the Obligations that the Borrower then asserts to be outstanding. Absent manifest error, any billing statement or accounting rendered by the Bank shall be conclusive and fully binding on the Borrower unless the Borrower gives the Bank specific written notice of exception within thirty (30) days after receipt.

Appears in 1 contract

Samples: Revolving Credit Agreement (SPS Commerce Inc)

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Liability Records. The Bank Lender may maintain from time to time, at its discretion, liability records as to the each Borrower's Obligations. Absent manifest error, all All entries made on any such record shall be presumed correct until the such Borrower establishes the contrary. Upon the Bank’s Lender's demand, the each Borrower will admit and certify in writing the exact principal balance of the such Borrower's Obligations that the such Borrower then asserts to be outstanding. Absent manifest error, any Any billing statement or accounting rendered by the Bank Lender shall be conclusive and fully binding on the applicable Borrower unless the such Borrower gives the Bank Lender specific written notice of exception within thirty (30) 30 days after receipt.

Appears in 1 contract

Samples: Credit and Security Agreement (Medical Dynamics Inc)

Liability Records. The Bank Lender may maintain from time to time, at its discretion, liability records as to the ObligationsIndebtedness. Absent manifest error, all All entries made on any such record shall be presumed correct until the Borrower establishes the contrary. Upon the BankLender’s demand, the Borrower will admit and certify in writing the exact principal balance of the Obligations Indebtedness that the Borrower then asserts to be outstanding. Absent manifest error, any Any billing statement or accounting rendered by the Bank Lender shall be conclusive (absent manifest error) and fully binding on the Borrower unless the Borrower gives the Bank Lender specific written notice of exception within thirty (30) 30 days after receiptreceipt of such statement or accounting by Borrower.

Appears in 1 contract

Samples: Credit and Security Agreement (Digital Angel Corp)

Liability Records. The Bank Lender may maintain from time to time, at its discretion, liability records as to the Obligations. Absent In the absence of manifest error, all entries made on any such record shall be presumed correct until the Borrower establishes the contrary. Upon the BankLender’s demand, the Borrower will admit and certify in writing the exact principal balance of the Obligations that the Borrower then asserts to be outstanding. Absent manifest error, any Any billing statement or accounting rendered by the Bank Lender shall be conclusive and fully binding on the Borrower unless the Borrower gives the Bank Lender specific written notice of exception within thirty (30) 30 days after receipt.

Appears in 1 contract

Samples: Loan and Security Agreement (Technology Flavors & Fragrances Inc)

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Liability Records. The Bank Lender may maintain from time to time, at its discretion, liability records as to the Obligationsany and all Advances made or repaid and interest accrued or paid under this Agreement. Absent manifest error, all All entries made on any such record shall be presumed correct until the Borrower establishes the contrary. Upon On demand by the Bank’s demandLender, the Borrower will admit and certify in writing the exact principal balance of the Obligations that the which Borrower then asserts to be outstandingoutstanding to the Lender for Advances under this Agreement. Absent manifest error, any Any billing statement or accounting rendered by the Bank Lender shall be conclusive and fully binding on the Borrower unless the Borrower gives the Bank specific written notice of exception is given to the Lender by the Borrower within thirty (30) 120 days after receiptits receipt by the Borrower.

Appears in 1 contract

Samples: Credit Agreement (Hia Inc)

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