Loan Accounting. The Paragon Loan Party shall record in its records the date and amount of each Term Loan and any repayment of it and shall share such information with the Litigation Trust Management upon request. The aggregate unpaid principal amount so recorded shall be rebuttably presumptive evidence of the principal amount of such Term Loan owing and unpaid. The failure to so record any such amount or any error in so recording any such amount shall not, however, limit or otherwise affect the Loan Obligations of Litigation Trust hereunder to repay the principal amount of the Litigation Trust Loan, including any Term Loan, hereunder.
Loan Accounting. Lender shall maintain, in accordance with its usual and customary practice, an account or accounts evidencing the outstanding indebtedness of each Borrower under its Note and the amounts of principal and interest payable and paid from time to time by Borrower under the Note. In any legal action or proceeding respecting this Agreement or the Note, the entries made in such account or accounts shall be conclusive evidence of the existence, amounts, and terms of the obligations of a Borrower therein or thereon recorded, absent manifest error.
Loan Accounting. Section 5.1. General.................................................. Section 5.2. Individual Mortgage Loan Accounting Requirements......... Section 5.3.
Loan Accounting. (i) Party A shall record in its records the date and amount of each of the Loans and each repayment thereof. The aggregate unpaid principal amount so recorded shall be rebuttably presumptive evidence of the principal amount of the Loans owing and unpaid. The failure to so record any such amount or any error in so recording any such amount shall not, however, limit or otherwise affect the obligations of Party B hereunder or under any Promissory Note to repay the principal amount of the Loans hereunder, together with all interest accruing thereon.
Loan Accounting. Borrower hereby irrevocably authorizes Lender to make (or cause to be made) appropriate notations in its records to evidence, INTER ALIA, the date of, the outstanding principal amount of and the interest rate applicable to, the Loan evidenced thereby. The notations in such records indicating the outstanding principal amount of the Loan evidenced thereby shall, in the absence of manifest error, be PRIMA facie evidence of the principal amount thereof owing and unpaid, but the failure to record any such amount in such records or otherwise shall not limit or affect the obligations of Borrower hereunder or under the Construction Note or Permanent Note to make payment of principal of or interest on the Loan when due.
Loan Accounting
