Common use of Liability Records Clause in Contracts

Liability Records. Wxxxx Fargo shall maintain accounting and bookkeeping records of all Advances and payments under the Line of Credit and all other Indebtedness due to Wxxxx Fargo in such form and content as Wxxxx Fargo in its sole discretion deems appropriate. Wxxxx Fargo’s calculation of current Indebtedness shall be presumed correct unless proven otherwise by Company. Upon Wxxxx Fargo’s request, Company will admit and certify in a Record the exact principal balance of the Indebtedness that Company then believes to be outstanding. Any billing statement or accounting provided by Wxxxx Fargo shall be conclusive and binding unless Company notifies Wxxxx Fargo in a detailed Record of its intention to dispute the billing statement or accounting within 30 days of receipt. Credit and Security Agreement WFBC/Iridex (domestic facility)

Appears in 1 contract

Samples: Wells Fargo Business Credit Credit and Security Agreement (Iridex Corp)

AutoNDA by SimpleDocs

Liability Records. Wxxxx Fargo shall maintain accounting and bookkeeping records of all Advances and payments under with respect to the Line of Credit and all other Indebtedness due to Wxxxx Fargo in such form and content as Wxxxx Fargo in its sole discretion deems appropriate. Wxxxx Fargo’s 's calculation of current the amount of the Indebtedness shall be presumed correct unless proven otherwise by Company. Upon Wxxxx Fargo’s request, Company will admit and certify to Wxxxx Fargo in a Record the exact unpaid principal balance amount of the Indebtedness that Company then believes to be outstandingdue and payable to Wxxxx Fargo. Any billing statement or accounting provided by Wxxxx Fargo shall be conclusive and binding unless Company notifies Wxxxx Fargo in a detailed Record of its intention to dispute the billing statement or accounting within 30 days of receipt. Credit and Security Agreement WFBC/Iridex (domestic facility).

Appears in 1 contract

Samples: Credit and Security Agreement (Spectranetics Corp)

Liability Records. Wxxxx Fargo shall maintain accounting and bookkeeping records of all Advances and payments under with respect to the Line of Credit and all other Indebtedness due to Wxxxx Fargo in such form and content as Wxxxx Fargo in its sole discretion deems appropriate. Wxxxx Fargo’s calculation of current the amount of the Indebtedness shall be presumed correct unless proven otherwise by Company. Upon Wxxxx Fargo’s request, Company will admit and certify to Wxxxx Fargo in a Record the exact unpaid principal balance amount of the Indebtedness that Company then believes to be outstandingdue and payable to Wxxxx Fargo. Any billing statement or accounting provided by Wxxxx Fargo shall be conclusive and binding unless Company notifies Wxxxx Fargo in a detailed Record of its intention to dispute the billing statement or accounting within 30 days of receipt. Credit and Security Agreement WFBC/Iridex (domestic facility).

Appears in 1 contract

Samples: Credit and Security Agreement (Merrimac Industries Inc)

Liability Records. Wxxxx Fargo shall maintain accounting and bookkeeping records of all Advances and payments under the Line of Credit L/C Obligations and all other Indebtedness due to Wxxxx Fargo in such form and content as Wxxxx Fargo in its sole discretion deems appropriate. Wxxxx Fargo’s 's calculation of current Indebtedness shall be presumed correct unless proven otherwise by Companythe Companies. Upon Wxxxx Fargo’s 's request, Company the Companies will admit and certify in a Record the exact principal balance of the Indebtedness that Company the Companies then believes believe to be outstanding. Any billing statement or accounting provided by Wxxxx Fargo shall be conclusive and binding unless Company notifies the Companies notify Wxxxx Fargo in a detailed Record of its their intention to dispute the billing statement or accounting within 30 days of receipt. Credit and Security Agreement WFBCTermination, Reduction or Non-Renewal of L/Iridex (domestic facility)C Facility by Companies; Notice.

Appears in 1 contract

Samples: Credit and Security Agreement (Adams Resources & Energy, Inc.)

AutoNDA by SimpleDocs

Liability Records. Wxxxx Fargo shall maintain accounting and bookkeeping records of all Advances and payments under the Line of Credit and all other Indebtedness due to Wxxxx Fargo in such form and content as Wxxxx Fargo in its sole discretion deems appropriate. Wxxxx Fargo’s 's calculation of current Indebtedness shall be presumed correct unless proven otherwise by Company. Upon Wxxxx Fargo’s 's request, Company will admit and certify in a Record the exact principal balance of the Indebtedness that Company then believes to be outstanding. Any billing statement or accounting provided by Wxxxx Fargo shall be conclusive and binding unless Company notifies Wxxxx Fargo in a detailed Record of its intention to dispute the billing statement or accounting within 30 days of receipt. Credit and Security Agreement WFBC/Iridex (domestic facility).

Appears in 1 contract

Samples: Credit and Security Agreement (Emcore Corp)

Time is Money Join Law Insider Premium to draft better contracts faster.