Common use of Loan Accounts; Notes; Records Clause in Contracts

Loan Accounts; Notes; Records. (a) The Loans made by each Bank to each Borrower shall be evidenced by one or more loan accounts or records maintained by such Bank in the ordinary course of business. Each Borrower irrevocably authorizes each Bank to make or cause to be made, at or about the date of each Loan to such Borrower or at the time of receipt of any payment of principal of each such Loan, an appropriate notation on its loan accounts or records, including computer records, reflecting the making of such Loan or (as the case may be) the receipt of such payment. Subject to Section 9.06(g), the outstanding amount of the Loans set forth in any such loan accounts or records, including any computer records, maintained by a Bank with respect to the Loans made by it shall, absent manifest error, be prima facie evidence of the principal amount thereof owing and unpaid to such Bank, but the failure to record, or any error in so recording, any such amount on any such loan account or record shall not limit or otherwise affect the obligation of the Borrowers hereunder or under the other Loan Documents to make payments of principal of and interest on the Loans when due.

Loan Accounts; Notes; Records. (a) The Loans made by each Bank to each the Borrower shall be evidenced by one or more loan accounts or records maintained by such Bank in the ordinary course of business. Each The Borrower irrevocably authorizes each Bank to make or cause to be made, at or about the date of each any Loan to such Borrower or at the time of receipt of any payment of principal of each such any Loan, an appropriate notation on its loan accounts or records, including computer records, reflecting the making of such Loan or (as the case may be) the NEXPOINT CAPITAL, INC. CREDIT AGREEMENT receipt of such payment. Subject to Section 9.06(g), the The outstanding amount of the Loans set forth in any such loan accounts or records, including any computer records, maintained by a Bank with respect to the Loans made by it shall, absent manifest error, be prima facie evidence of the principal amount thereof owing and unpaid to such the Bank, but the failure to record, or any error in so recording, any such amount on any such loan account or record shall not limit or otherwise affect the obligation of the Borrowers Borrower hereunder or under the other Loan Documents to make payments of principal of and interest on the Loans when due.