Common use of Loan Account Statements Clause in Contracts

Loan Account Statements. Lender shall render to Borrower monthly a loan account statement. Each statement shall be considered correct and binding upon Borrower as an account stated, except to the extent that Lender receives, within sixty (60) days after the mailing of such statement, written notice from Borrower of any specific exceptions by Borrower to that statement.

Appears in 13 contracts

Samples: Loan and Security Agreement (Drugmax Com Inc), Loan and Security Agreement (Williams Industries Inc), Loan and Security Agreement (Hudson Technologies Inc /Ny)

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Loan Account Statements. Lender shall render deliver to Borrower monthly a loan account statement. Each statement shall be considered correct and binding upon Borrower as an account stated, except to the extent that Lender receives, within sixty (60) days after the mailing of such statement, written notice from Borrower of any specific exceptions by Borrower to that statement.

Appears in 2 contracts

Samples: Loan and Security Agreement (Xircom Inc), Loan and Security Agreement (Brake Headquarters U S a Inc)

Loan Account Statements. Lender shall render to each Borrower monthly a loan account statement. Each statement shall be considered correct and binding upon such Borrower as an account stated, except to the extent that Lender receives, within sixty (60) days after the mailing of such statement, written notice from such Borrower of any specific exceptions by such Borrower to that statement.

Appears in 1 contract

Samples: Loan and Security Agreement (Mendocino Brewing Co Inc)

Loan Account Statements. Lender shall render to Borrower monthly a loan account statement. Each statement shall be considered correct and binding binding, upon Borrower as an account stated, except to the extent that Lender receives, within sixty (60) days after the mailing of such statement, written notice from Borrower of any specific exceptions by Borrower to that statement.

Appears in 1 contract

Samples: Loans and Security Agreement (Inmold Inc)

Loan Account Statements. Lender shall render to Borrower monthly a loan account Revolving Loan Account statement. Each statement shall be considered correct and binding upon Borrower as an account stated, except to the extent that Lender receives, within sixty (60) days after the mailing of such statement, written notice from Borrower of any specific exceptions by Borrower to that statement.

Appears in 1 contract

Samples: Loan and Security Agreement (Xetel Corp)

Loan Account Statements. Lender shall shall, monthly, render to Borrower monthly a loan account statement. Each statement which shall be considered correct and binding upon Borrower as an account stated, except to the extent that Lender receives, within sixty ninety (6090) days after the mailing of such statement, written notice from Borrower of any specific exceptions by Borrower to that statement.

Appears in 1 contract

Samples: Loan and Security Agreement (Adept Technology Inc)

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Loan Account Statements. Lender shall render to Borrower monthly a loan account statement. Each statement shall be considered correct and binding upon Borrower as an account stated, except to the extent that Lender receives, within sixty (60) days after the mailing receipt by Borrower of such statement, written notice from Borrower of any specific exceptions by Borrower to that statement.

Appears in 1 contract

Samples: Loan and Security Agreement (Ohio Art Co)

Loan Account Statements. Lender shall render to Borrower monthly a loan account statement. Each such statement shall be considered correct and binding upon Borrower as an account statedBorrower, except to the extent that Lender receives, within sixty (60) days after the mailing of such statement, written notice from Borrower of any specific exceptions by Borrower to that statement or except to the extent of manifest error in such statement.

Appears in 1 contract

Samples: Loan and Security Agreement (Indesco International Inc)

Loan Account Statements. Lender shall render to Borrower monthly a loan account statement. Each statement shall be considered correct and binding upon Borrower as an account stated, except to the extent that Lender receives, within sixty (60) days after the mailing of such statement, statement written notice from Borrower of any specific exceptions by Borrower to that statement.

Appears in 1 contract

Samples: Loan and Security Agreement (Dynamic Health Products Inc)

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