Common use of Loan Account Clause in Contracts

Loan Account. The Bank shall maintain, in accordance with its usual practice, an account (which shall be the “Account Current” referred to in the Mortgage) evidencing the amounts from time to time lent by, owing to and paid to it under the Security Documents. Such account shall, in the absence of manifest error, be conclusive as to the amount from time to time owing by the Borrower under the Security Documents.

Appears in 7 contracts

Samples: Loan Agreement (Safe Bulkers, Inc.), Loan Agreement (Safe Bulkers, Inc.), Loan Agreement (Safe Bulkers, Inc.)

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Loan Account. The Bank shall maintain, in accordance with its usual practice, an account (which shall be the “Account Current” referred to in the Mortgage) evidencing the amounts from time to time lent by, owing to and paid to it under the Security Documents. Such account shall, in the absence of manifest error, be conclusive as to the amount from time to time owing by the Borrower under the Security Documents.

Appears in 6 contracts

Samples: Supplemental Agreement (Aegean Marine Petroleum Network Inc.), Facility Agreement (Freeseas Inc.), Loan Agreement (Globus Maritime LTD)

Loan Account. The Bank shall maintain, in accordance with its usual practice, an account (which shall be the “Account Current” referred to in the Mortgage) or accounts evidencing the amounts from time to time lent by, owing to and paid to to, it under the Security Documents. Such account shall be the “account current” referred to in any Mortgage which shall be in a statutory form. Such account shall, in the absence of manifest error, be conclusive as to the amount from time to time owing by the Borrower Borrowers under the Security Documents.

Appears in 4 contracts

Samples: Supplemental Agreement (Aegean Marine Petroleum Network Inc.), Agreement (Aegean Marine Petroleum Network Inc.), Loan Agreement (Aegean Marine Petroleum Network Inc.)

Loan Account. The Bank shall maintain, in accordance with its usual practice, an account (which shall be the “Account Current” referred to in the Mortgage) evidencing the amounts from time to time lent by, owing to and paid to it under the Security Documents. Such account shall, in the absence of manifest error, be conclusive as to the amount from time to time owing by the Borrower under the Security Documents.

Appears in 3 contracts

Samples: Agreement (NewLead Holdings Ltd.), Agreement (B Plus H Ocean Carriers LTD), Agreement (Navios Maritime Holdings Inc.)

Loan Account. The Bank shall maintain, in accordance with its usual practice, an account (which shall be being the "Account Current" referred to in the MortgageMortgage and/or the Deed of Covenant) evidencing the amounts from time to time lent by, owing to and paid to it under the Security Documents. Such account shall, in the absence of manifest error, be conclusive as to the amount from time to time owing by the Borrower under the Security Documents.

Appears in 2 contracts

Samples: Master Agreement (Capital Maritime & Trading Corp.), Master Agreement (Capital Maritime & Trading Corp.)

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Loan Account. The Bank shall maintain, in accordance with its usual practice, an account (which shall be the “Account Current” referred to in the Mortgage) or accounts evidencing the amounts from time to time lent by, owing to and paid to to, it under the Security Documents. Such account shall be the "account current" referred to in any Mortgage which shall be in a statutory form. Such account shall, in the absence of manifest error, be conclusive as to the amount from time to time owing by the Borrower Borrowers under the Security Documents.

Appears in 2 contracts

Samples: Tenth Supplemental Agreement (Aegean Marine Petroleum Network Inc.), Eighth Supplemental Agreement (Aegean Marine Petroleum Network Inc.)

Loan Account. The Bank shall maintain, in accordance with its usual practice, an account or accounts (which which, in the case of Sxxx only, shall be the "Account Current" referred to in the MortgageSxxx Mortgage and the Deed of Covenant) evidencing the amounts from time to time lent by, owing to and paid to it under the Security Documents. Such account or accounts shall, in the absence of manifest error, be conclusive as to the amount from time to time owing by the Borrower Borrowers under the Security Documents.

Appears in 1 contract

Samples: Facility Agreement (Aegean Marine Petroleum Network Inc.)

Loan Account. The Bank shall maintain, in accordance with its usual practice, an account (which shall be the “Account Current” referred to in the Mortgage) or accounts evidencing the amounts from time to time lent by, owing to and paid to to, it under the Security Documents. Such account shall be the “account current” referred to in the Collateral Mortgage and, if any other Mortgage shall be in a statutory form, also in such other Mortgage. Such account shall, in the absence of manifest error, be conclusive as to the amount from time to time owing by the Borrower Borrowers under the Security Documents.

Appears in 1 contract

Samples: Loan Agreement (Aegean Marine Petroleum Network Inc.)

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