Common use of Loan Account Clause in Contracts

Loan Account. Lender shall maintain on its books a record of account in which Lender shall make entries for each Advance and such other debits and credits as shall be appropriate in connection with the credit facility. Lender shall provide Borrower with periodic statements of Borrower’s account, which statements shall be considered to be correct and conclusively binding on Borrower unless Borrower notifies Lender to the contrary within thirty (30) days after Borrower’s receipt of any such statement which Borrower deems to be incorrect.

Appears in 27 contracts

Samples: Business Loan Agreement (TSS, Inc.), Business Loan Agreement (AmpliTech Group, Inc.), Business Loan Agreement (TSS, Inc.)

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Loan Account. Lender shall maintain on its books a record of account in which Lender shall make entries for each Advance and such other debits and credits as shall be appropriate in connection with the credit facility. Lender shall provide Borrower with periodic statements of Borrower’s 's account, which statements shall be considered to be correct and conclusively binding on Borrower unless Borrower notifies Lender to the contrary within thirty (30) days after Borrower’s 's receipt of any such statement which Borrower deems to be incorrect.

Appears in 18 contracts

Samples: Business Loan Agreement (Better Choice Co Inc.), Business Loan Agreement (Dougherty's Pharmacy, Inc.), Business Loan Agreement (Dougherty's Pharmacy, Inc.)

Loan Account. Lender shall maintain on its books a record of account in which Lender shall make entries for each Advance and such other debits and credits as shall be appropriate in connection with the credit facility. Lender shall provide Borrower with periodic statements of BorrowerXxxxxxxx’s account, which statements shall be considered to be correct and conclusively binding on Borrower unless Borrower notifies Lender to the contrary within thirty (30) days after BorrowerXxxxxxxx’s receipt of any such statement which Borrower deems to be incorrect.

Appears in 9 contracts

Samples: Business Loan Agreement (TSS, Inc.), Business Loan Agreement (LiveOne, Inc.), Business Loan Agreement (TSS, Inc.)

Loan Account. Lender shall maintain on its books a record of account in which Lender shall make entries for each Advance and such other debits and credits as shall be appropriate in connection with the credit facility. Lender shall provide Borrower with periodic statements of Borrower’s Xxxxxxxx's account, which statements shall be considered to be correct and conclusively binding on Borrower unless Borrower notifies Lender to the contrary within thirty (30) days after Borrower’s Xxxxxxxx's receipt of any such statement which Borrower deems to be incorrect.

Appears in 5 contracts

Samples: Business Loan Agreement (Addvantage Technologies Group Inc), Loan Agreement (R B Rubber Products Inc), Business Loan Agreement (Sielox Inc)

Loan Account. Lender shall maintain on its books a record of account in which Lender shall make entries for each such Advance and such other debits and credits as shall be appropriate in connection with the credit facility. Lender shall provide Borrower with periodic statements of Borrower’s 's account, which statements shall be considered to be correct and conclusively binding on Borrower unless Borrower notifies Lender to the contrary within thirty (30) days after Borrower’s 's receipt of any such statement which Borrower deems to be incorrect.

Appears in 1 contract

Samples: Business Loan Agreement (Elecsys Corp)

Loan Account. Lender shall maintain on its books a record of account in which Lender ender shall make entries for each Advance and such other debits and credits as shall be appropriate in connection with the credit facility. Lender shall provide Borrower with periodic statements of Borrower’s Borrowers account, which statements shall be considered to be correct and conclusively binding on Borrower unless Borrower notifies Lender to the contrary within thirty (30) days after Borrower’s Borrowers receipt of any such statement which Borrower deems to be incorrect.

Appears in 1 contract

Samples: Business Loan Agreement (Dougherty's Pharmacy, Inc.)

Loan Account. Lender shall maintain on its books a record of account in In which Lender shall make entries for each Advance and such other debits and credits as shall be appropriate in connection with the credit facility. Lender shall provide Borrower with periodic statements of Borrower’s 's account, which statements shall be considered to be correct and conclusively binding on Borrower unless Borrower notifies Lender to the contrary within thirty (30) days after Borrower’s 's receipt of any such statement which Borrower deems to be incorrectIncorrect.

Appears in 1 contract

Samples: Assignment and Security Agreement (Obsidian Enterprises Inc)

Loan Account. Lender shall maintain on its books a record of account in which Lender shall make entries for each Advance and such other debits and credits as shall be appropriate in connection with the the. credit facility. Lender shall provide Borrower with periodic statements of Borrower’s account, which statements shall be considered to be correct and conclusively binding on Borrower unless Borrower notifies Lender Leader to the contrary within thirty (30) days after Borrower’s receipt of any such statement which Borrower deems to be incorrect.

Appears in 1 contract

Samples: Business Loan Agreement (TGC Industries Inc)

Loan Account. Lender shall may maintain on its books a record of account in which Lender shall may make entries for each Advance advance and such other debits and credits as shall be appropriate in connection with the credit facilityLoan. Lender shall may provide Borrower with periodic statements of Borrower’s 's account, which statements shall be considered to be correct and conclusively binding on Borrower unless Borrower notifies Lender to the contrary within thirty (30) days after Borrower’s 's receipt of any such statement which Borrower deems to be incorrect.

Appears in 1 contract

Samples: Loan Agreement (Global Aircraft Solutions, Inc.)

Loan Account. Lender shall maintain on its books a record of account in which Lender shall make entries for each Advance and such other debits and credits as shall be appropriate in connection with the credit facility. Lender shall provide Borrower with periodic statements of Borrower’s account, which statements shall be considered to be correct and conclusively binding on Borrower unless Borrower notifies Lender to the contrary within thirty forty five (3045) days after Borrower’s receipt of any such statement which Borrower deems to be incorrect.

Appears in 1 contract

Samples: Business Loan Agreement (FGI Industries Ltd.)

Loan Account. Lender shall maintain on its books a record of account in In which Lender shall make entries for each Advance and such other debits and credits as shall be appropriate in connection connec0On with the credit facility. Lender shall provide Borrower with periodic statements of Borrower’s 's account, which statements shall be considered to be correct and conclusively binding on Borrower unless Borrower notifies Lender to the contrary within thirty (30) days after Borrower’s 's receipt of any such statement which Borrower deems to be incorrect.

Appears in 1 contract

Samples: Loan Agreement (Daw Technologies Inc /Ut)

Loan Account. Lender shall may maintain on its books a record of account in which Lender shall may make entries for each Advance and such other debits and credits as shall be appropriate in connection with the credit facilityeach Loan. Lender shall may provide Borrower with periodic statements of Borrower’s 's account, which statements shall be considered to be correct and conclusively binding on Borrower unless Borrower notifies Lender to the contrary within thirty (30) days after Borrower’s 's receipt of any such statement which Borrower deems to be incorrect.

Appears in 1 contract

Samples: Loan Agreement (Global Aircraft Solutions, Inc.)

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Loan Account. Lender shall maintain on its Its books a record of account in which Lender shall make entries for each Advance and such other debits and credits as shall be appropriate in connection with the credit facility. Lender shall provide Borrower with periodic statements of Borrower’s account, which statements shall be considered to be correct and conclusively binding on Borrower unless Borrower notifies Lender to the contrary within thirty (30) days after Borrower’s receipt of any such statement which Borrower deems to be incorrect.

Appears in 1 contract

Samples: Business Loan Agreement (Surge Components Inc)

Loan Account. Lender shall maintain on its books a record of account in which Lender shall make entries for each Advance and such other debits and credits as shall be appropriate in connection with the credit facilityLine of Credit. Lender shall provide Borrower with periodic statements of Borrower’s 's account, which statements shall be considered to be correct and conclusively binding on Borrower unless Borrower notifies Lender to the contrary within thirty (30) days after Borrower’s 's receipt of any such statement which Borrower deems to be incorrect.

Appears in 1 contract

Samples: Loan Agreement (Eco Soil Systems Inc)

Loan Account. Lender shall maintain on its books a record of account in which Lender shall make entries for each Advance and such other debits and credits as shall be appropriate in connection with the credit facility. Lender shall provide Borrower with periodic statements of Borrower’s account, which statements shall be considered to be correct and conclusively binding on Borrower unless Borrower notifies Lender to the contrary within thirty (30) days after Borrower’s receipt of any such statement which Borrower deems to be incorrect.

Appears in 1 contract

Samples: Business Loan Agreement (Royal Bodycare Inc/Nv)

Loan Account. Lender shall maintain on its books Docks a record of account in which Lender shall make entries for each Advance and such other debits and credits as shall be appropriate in connection with the credit facility. Lender shall provide Borrower with periodic statements of Borrower’s 's account, which statements shall be considered to be correct and conclusively binding on Borrower unless Borrower notifies Lender to the contrary within thirty (30) days after Borrower’s 's receipt of any such statement which Borrower deems to be incorrect.

Appears in 1 contract

Samples: Loan Agreement (Human Pheromone Sciences Inc)

Loan Account. Lender shall maintain on its books a record of account in which Lender shall make entries for each Advance under the Line of Credit and such other debits and credits as shall be appropriate in connection with the credit Line of Credit facility. Lender shall provide Borrower with periodic statements of Borrower’s account, which statements shall be considered to be correct and conclusively binding on Borrower unless Borrower notifies Lender to the contrary within thirty (30) 30 days after Borrower’s receipt of any such statement which Borrower deems to be incorrect.

Appears in 1 contract

Samples: Business Loan and Security Agreement (Iridex Corp)

Loan Account. Lender shall maintain on its books a record of account in which Lender shall make entries for each Advance and such other debits and credits as shall be appropriate in connection with the credit facility. Lender shall provide Borrower with periodic statements of BorrowerXxxxxxxx’s account, which statements shall be considered to be correct and conclusively binding on Borrower unless Borrower notifies Lender to the contrary within thirty (30) 30 days after BorrowerXxxxxxxx’s receipt of any such statement which Borrower deems to be incorrect.

Appears in 1 contract

Samples: Loan Agreement (Isecuretrac Corp)

Loan Account. Lender shall maintain on its books a record of account in which Lender shall make entries for each Advance and such other debits and credits as shall be appropriate in connection with the credit facility. Lender shall provide Borrower with periodic statements of Borrower’s Bxxxxxxx's account, which statements shall be considered to be correct and conclusively binding on Borrower unless Borrower notifies Lender to the contrary within thirty (30) days after Borrower’s Bxxxxxxx's receipt of any such statement which Borrower deems to be incorrect.

Appears in 1 contract

Samples: Business Loan Agreement (FGI Industries Ltd.)

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