Common use of Loan Account Clause in Contracts

Loan Account. The Bank agrees to maintain a control account showing the Loan and other sums owing by the Borrowers under the Security Documents and all payments in respect thereof being made from time to time. The control account shall, in the absence of manifest error, be conclusive as to the amount from time to time owing by the Borrowers under the Security Documents.

Loan Account. The Bank Lender agrees to maintain a control account showing the Loan and other sums owing by the Borrowers Borrower under the Security Loan Documents and all payments in respect thereof being made from time to time. The control account shall, in the absence of manifest error, absent prompt objection by the Borrower, be conclusive as to the amount from time to time owing by the Borrowers Borrower under the Security Loan Documents.

Loan Account. The Bank agrees to maintain a control account showing the Loan and other sums owing by the Borrowers Borrower under the Security Documents and all payments in respect thereof being made from time to time. The control account shall, in the absence of manifest error, be conclusive as to the amount from time to time owing by the Borrowers Borrower under the Security Documents.

Loan Account. The Bank Lender agrees to maintain a control account showing the Loan and other sums owing by the Borrowers Borrower under the Security Documents and all payments in respect thereof being made from time to time. The control account shall, in the absence of manifest error, be conclusive as to the amount from time to time owing by the Borrowers Borrower under the Security Documents.