Common use of Loan Accounts; Registration Clause in Contracts

Loan Accounts; Registration. (a) Agent shall enter all Loans and the LC Amount as debits to a loan account established for each Borrower (each, a "Loan Account" and, collectively, the "Loan Accounts") and shall also record in the Loan Accounts all payments made by Borrowers on any Obligations and all proceeds of Collateral which are finally paid to Agents and may record therein, in accordance with customary accounting practice, other debits and credits, including interest and all charges and expenses properly chargeable to Borrowers.

Loan Accounts; Registration. (a) Agent shall enter all Loans and the LC Amount as debits to a loan account established for each Borrower (each, a "“Loan Account" ” and, collectively, the "“Loan Accounts"”) and shall also record in the Loan Accounts all payments made by Borrowers on any Obligations and all proceeds of Collateral which are finally paid to Agents and may record therein, in accordance with customary accounting practice, other debits and credits, including interest and all charges and expenses properly chargeable to Borrowers.

Loan Accounts; Registration. (a) Agent shall enter all Loans and the LC Amount as debits to a loan account established for each Borrower (each, a "“Loan Account" ” and, collectively, the "“Loan Accounts"”) and shall also record in the Loan Accounts all payments made by Borrowers on any Obligations and all proceeds of Accounts or other Collateral which are finally paid to Agents and may record therein, in accordance with customary accounting practice, other debits and credits, including interest and all charges and expenses properly chargeable to Borrowers.