Common use of Loan Account Clause in Contracts

Loan Account. Bank will open and maintain on its books a loan account with respect to advances made, repayments, prepayments, the computation and payment of interest and fees and the computation and final payment of all other amounts due and sums paid to Bank under this Agreement. Except in the case of manifest error in computation, such account will be conclusive and binding on the Borrower as to the amount at any time due to Bank from Borrower under this Agreement or the Note.

Appears in 3 contracts

Samples: Revolving Credit Loan and Security Agreement (Resource America Inc), Revolving Credit Loan Agreement (Resource America Inc), Revolving Credit Loan and Security Agreement (Resource Asset Investment Trust)

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Loan Account. Bank will open and maintain on its books a loan account (the "Loan Account") with respect to advances made, repayments, prepayments, the computation and payment of interest and fees and the computation and final payment of all other amounts due and sums paid to Bank under this Agreement. Except in the case of manifest error in computation, such account the Loan Account will be conclusive and binding on the Borrower as to the amount at any time due to Bank from Borrower under this Agreement or the Line Note. Bank will deliver to Borrower a summary of the activity in the Loan Account on a monthly basis.

Appears in 2 contracts

Samples: Loan and Security Agreement (Consolidated Stainless Inc), Loan and Security Agreement (Consolidated Stainless Inc)

Loan Account. Bank will open and maintain on its books a loan account (the "LOAN ACCOUNT") with respect to advances made, repayments, prepayments, the computation and payment of interest and fees and the computation and final payment of all other amounts due and sums paid to Bank under this Agreement. Except in the case of manifest error in computation, such account the Loan Account will be conclusive and binding on the Borrower evidence as to the amount at any time due to Bank from Borrower under this Agreement or the NoteNotes.

Appears in 2 contracts

Samples: Loan and Security Agreement (MRC Group), Loan and Security Agreement (MRC Group)

Loan Account. The Bank will open and maintain on its books a loan account (the "Loan Account") for the Borrowers with respect to advances Loans made, repayments, prepayments, the computation and payment of interest and fees and the computation and final payment of all other amounts due and sums paid to the Bank under this Agreement. Except in The Loan Account for the case of manifest error in computation, such account Borrowers will be conclusive and binding on the Borrower presumptive evidence as to the amount at any time due to the Bank from Borrower the Borrowers under this Agreement or the NoteNotes.

Appears in 2 contracts

Samples: Loan Agreement (Baker Michael Corp), Loan Agreement (Baker Michael Corp)

Loan Account. Bank will open and maintain on its books a loan account (the “Loan Account”) with respect to advances madethe Loan, repayments, prepayments, the computation and payment of interest and fees and the computation and final payment of all other amounts due and sums paid to Bank under this Agreement. Except in the case of manifest error in computation, such account the Loan Account will be conclusive and binding on the Borrower as to the amount at any time due to Bank from Borrower under this Agreement or the Note.

Appears in 2 contracts

Samples: Loan Agreement (MVC Capital, Inc.), Loan Agreement (MVC Capital, Inc.)

Loan Account. Bank will open and maintain on its books a loan account (the "Loan Account") with respect to advances made, repayments, prepayments, the computation and payment of interest and fees and the computation and final payment of all other amounts due and sums paid to Bank under this Agreement. Except in the case of manifest error in computation, such account the Loan Account will be conclusive and binding on the Borrower presumptive evidence as to the amount at any time due to Bank from Borrower under this Agreement or the Note.

Appears in 2 contracts

Samples: Loan and Security Agreement (National Media Corp), Loan and Security Agreement (National Media Corp)

Loan Account. Bank will open and maintain on its books a loan account (the “Loan Account”) with respect to advances Advances made, repayments, prepayments, the computation and payment of interest and fees and the computation and final payment of all other amounts due and sums paid to Bank under this Agreement. Except in the case of manifest error in computation, such account the Loan Account will be conclusive and binding on the Borrower as to the amount at any time due to Bank from Borrower under this Agreement or the Note.

Appears in 1 contract

Samples: Debtor in Possession Loan and Security Agreement

Loan Account. Bank will shall open and maintain on its books a loan account (the "Loan Account") with respect to advances made, repayments, prepayments, the computation and payment of interest and fees commitment fees, if any, and the computation and final payment of all other amounts due and sums stuns paid to Bank under this Agreementhereunder. Except in the case of manifest error in computation, such account will the Loan Account shall be conclusive and binding on the Borrower as to the amount at any time due to Bank from Borrower under this Agreement or the Notehereunder.

Appears in 1 contract

Samples: Line of Credit Agreement (84 Financial, L.P.)

Loan Account. The Bank will open and maintain on its books a loan ------------ account (the "Loan Account") with respect to advances Loans made, repayments, prepayments, the computation and payment of interest and fees and the computation and final payment of all other amounts due and sums paid to the Bank under this AgreementAgreement or the other Loan Documents. Except in the case of manifest error in computation, such account the Loan Account will be conclusive and binding on the Borrower presumptively deemed correct (absent manifest error) as to the amount at any time due to the Bank from the Borrower under this Agreement or the Noteother Loan Documents.

Appears in 1 contract

Samples: Loan and Security Agreement (Allin Communications Corp)

Loan Account. Bank will open and maintain on its books a loan account (the “Loan Account”) for Borrowers with respect to advances Loans made, repayments, prepayments, the computation and payment of interest and fees and the computation and final payment of all other amounts due and sums paid to Bank under this Agreement. Except in the case of manifest error in computation, such account the Loan Account for Borrowers will be conclusive and binding on the Borrower Borrowers as to the amount at any time due to Bank from Borrower Borrowers under this Agreement or the NoteNotes.

Appears in 1 contract

Samples: Loan Agreement (PDG Environmental Inc)

Loan Account. Bank will open and maintain on its books a loan account (the "Loan Account") with respect to advances made, repayments, prepayments, the computation and payment of interest and fees and the computation and final payment of all other amounts due and sums paid to Bank under this Agreement. Except in the case of manifest error in computation, such account the Loan Account will be conclusive and binding on the Borrower as to the amount at any time due to Bank from Borrower under this Agreement or the NoteNotes.

Appears in 1 contract

Samples: Loan Agreement (Ceco Environmental Corp)

Loan Account. The Bank will open and maintain on its books a loan account (the "Loan Account") for the Borrower with respect to advances Loans made, repayments, prepayments, the computation and payment of interest and fees and the computation and final payment of all other amounts due and sums paid to the Bank under this Agreement. Except in the case of manifest error in computation, such account the Loan Account for the Borrower will be conclusive and binding on the Borrower as to the amount at any time due to the Bank from the Borrower under this Agreement or the NoteNotes.

Appears in 1 contract

Samples: Loan Agreement (Tuscarora Inc)

Loan Account. Bank will open and maintain on its books a loan account (the "LOAN ACCOUNT") with respect to advances made, repayments, prepayments, the computation and payment of interest and fees and the computation and final payment of all other amounts due and sums paid to Bank under this Agreement. Except in the case of manifest error in computation, such account the Loan Account will be conclusive and binding on the Borrower Borrowers as to the amount at any time due to Bank from Borrower Borrowers under this Agreement or the Note.

Appears in 1 contract

Samples: Loan and Security Agreement (Uti Energy Corp)

Loan Account. Bank will open and maintain on its books a loan ------------ account with respect to advances made, repayments, prepayments, the computation and payment of interest and fees and the computation and final payment of all other amounts due and sums paid to Bank under this Agreement. Except in the case of manifest error in computation, such account will be conclusive and binding on the Borrower as to the amount at any time due to Bank from Borrower under this Agreement or the Note.

Appears in 1 contract

Samples: Loan and Security Agreement (Hersha Hospitality Trust)

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Loan Account. Bank will open and maintain on its books a loan account (the "LOAN ACCOUNT") with respect to advances Advances made, repayments, prepayments, the computation and payment of interest and fees and the computation and final payment of all other amounts due and sums paid to Bank under this Agreement. Except in the case of manifest error in computationerror, such account the Loan Account will be conclusive and binding on the Borrower Borrowers as to the amount at any time due to Bank from Borrower Borrowers under this Agreement or the WC Line Note and any Equipment Line Note.

Appears in 1 contract

Samples: Loan and Security Agreement (United States Lime & Minerals Inc)

Loan Account. Bank will open and maintain on its books a loan account (the "Loan Account") with respect to advances made, repayments, prepayments, the computation and payment of interest and fees and the computation and final payment of all other amounts due and sums paid to Bank under this Agreement. Except in the case of manifest error in computation, such account the Loan Account will be conclusive and binding on the Borrower Borrowers as to the amount at any time due to Bank from Borrower Borrowers under this Agreement or the Note.

Appears in 1 contract

Samples: Loan and Security Agreement (Uti Energy Corp)

Loan Account. Bank will open and maintain on its books a loan account (the "LOAN ACCOUNT") with respect to advances Advances made, repayments, prepayments, the computation and payment of interest and fees and the computation and final payment of all other amounts due and sums paid to Bank under this Agreement. Except in the case of manifest error in computation, such account the Loan Account will be conclusive and binding on the Borrower as to the amount at any time due to Bank from Borrower under this Agreement or the NoteNotes.

Appears in 1 contract

Samples: Revolving Credit, Term Loan and Security Agreement (Merrimac Industries Inc)

Loan Account. The Bank will open and maintain on its books a loan account (the “Loan Account”) with respect to advances Loans made, repayments, prepayments, the computation and payment of interest and fees and the computation and final payment of all other amounts due and sums paid to the Bank under this Agreement. Except in the case of manifest error in computation, such account the Loan Account will be conclusive and binding on the Borrower as to the amount at any time due to the Bank from the Borrower under this Agreement or the NoteNotes.

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Ipec Holdings Inc)

Loan Account. Bank will open and maintain on its books a loan account (the “Loan Account”) with respect to advances Advances made, repayments, prepayments, the computation and payment of interest and fees and the computation and final payment of all other amounts due and sums paid to Bank under this Agreement. Except in the case of manifest demonstrable error in computation, such account the Loan Account will be conclusive and binding on the Borrower Borrowers as to the amount at any time due to Bank from any Borrower under this Agreement or the NoteAgreement.

Appears in 1 contract

Samples: Loan and Security Agreement (InfoLogix Inc)

Loan Account. Bank will open and maintain on its books a loan account (the "LOAN ACCOUNT") with respect to advances made, repayments, prepayments, the computation and payment of interest and fees and the computation and final payment of all other amounts due and sums paid to Bank under this Agreement. Except in the case of manifest error in computation, such account the Loan Account will be conclusive and binding on the Borrower presumed correct as to the amount at any time due to Bank from Borrower Obligors under this Agreement or the NoteLine.

Appears in 1 contract

Samples: Loan and Security Agreement (Uti Energy Corp)

Loan Account. Bank will open and maintain on its books a loan account (the "Loan Account") for Borrowers with respect to advances Loans made, repayments, prepayments, the computation and payment of interest and fees and the computation and final payment of all other amounts due and sums paid to Bank under this Agreement. Except in the case of manifest error in computation, such account the Loan Account for Borrowers will be conclusive and binding on the Borrower Borrowers as to the amount at any time due to Bank from Borrower Borrowers under this Agreement or the NoteNotes.

Appears in 1 contract

Samples: Loan Agreement (PDG Environmental Inc)

Loan Account. Bank will shall open and maintain on its books a loan account (the “Loan Account") with respect to advances made, repayments, prepayments, the computation and payment of interest and fees commitment fees, if any, and the computation and final payment of all other amounts due and sums paid to Bank under this Agreementhereunder. Except in the case of manifest error in computation, such account will the Loan Account shall be conclusive and binding on the Borrower as to the amount at any time due to Bank from Borrower under this Agreement or the Notehereunder.

Appears in 1 contract

Samples: Line of Credit and Letter of Credit Agreement (84 Financial, L.P.)

Loan Account. Bank will shall open and maintain on its books a loan account (the “Loan Account”) with respect to advances made, repayments, prepayments, the computation and payment of interest and fees commitment fees, if any, and the computation and final payment of all other amounts due and sums paid to Bank under this Agreement. Except hereunder, except in the case of manifest error in computation, such account will the Loan Account shall be conclusive and binding on the Borrower as to the amount at any time due to Bank from Borrower under this Agreement or the Notehereunder.

Appears in 1 contract

Samples: Line of Credit Agreement (84 Financial, L.P.)

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