Loan Accounts; Statements of Account. (a) Each Lender shall open and maintain on its books a loan account in the Borrowers' name (each, a "Loan Account" and collectively, the "Loan Accounts"). Each such Loan Account shall show as debits thereto each Loan made under this Agreement by such Lender to the Borrowers and as credits thereto all payments received by such Lender and applied to principal of such Loan, so that the balance of the loan account at all times reflects the principal amount due such Lender from the Borrowers.
Appears in 7 contracts
Samples: Loan and Security Agreement (Tultex Corp), Loan and Security Agreement (Kellstrom Industries Inc), Loan and Security Agreement (American Aircarriers Support Inc)
Loan Accounts; Statements of Account. (a1) Each Lender shall open and maintain on its books a loan account in the Borrowers' name names (each, a "Loan Account" and collectively, the "Loan Accounts"). Each such Loan Account shall show as debits thereto each Loan made under this Agreement by such Lender to the Borrowers and as credits thereto all payments received by such Lender and applied to principal of such Loan, so that the balance of the loan account at all times reflects the principal amount due such Lender from the Borrowers.
Appears in 3 contracts
Samples: Loan and Security Agreement (Trism Inc /De/), Loan and Security Agreement (Trism Inc /De/), Loan and Security Agreement (Trism Inc /De/)
Loan Accounts; Statements of Account. (a) Each Lender shall open and maintain on its books a loan account in the Borrowers' Borrower's name (each, a "Loan Account" and collectively, the "Loan Accounts"). Each such Loan Account shall show as debits thereto each Loan made under this Agreement by such Lender to the Borrowers Borrower and as credits thereto all payments received by such Lender and applied to principal of such Loan, so that the balance of the loan account at all times reflects the principal amount due such Lender from the BorrowersBorrower.
Appears in 3 contracts
Samples: Loan and Security Agreement (Supreme International Corp), Loan and Security Agreement (Standard Commercial Corp), Loan and Security Agreement (Meadowcraft Inc)
Loan Accounts; Statements of Account. (a) Each Lender shall open and maintain on its books a loan account in the Borrowers' name (each, a "Loan Account" and collectively, the "Loan Accounts"). Each such Loan Account shall show as debits thereto each Loan Advance made under this Agreement by such Lender to the Borrowers and as credits thereto all payments received by such Lender and applied to the principal of such Loan, Revolving Credit Loans outstanding to the Borrowers so that the balance of the loan account Loan Account at all times reflects the aggregate principal amount of the Revolving Credit Loans due such Lender from the Borrowers.
Appears in 2 contracts
Samples: And Security Agreement (Tropical Sportswear International Corp), Loan and Security Agreement (Tropical Sportswear International Corp)
Loan Accounts; Statements of Account. (a) Each Lender shall open and maintain on its books a loan account in the Borrowers' name Heafxxx'x xxxe (each, a "Loan Account" and collectively, the "Loan Accounts"). Each such Loan Account shall show as debits thereto each Loan made under this Agreement by such Lender to the Borrowers and as credits thereto all payments received by such Lender and applied to principal of such LoanLoans, so that the balance of the loan account Loan Account at all times reflects the principal amount due such Lender from the Borrowers.
Appears in 2 contracts
Samples: Loan and Security Agreement (Heafner Tire Group Inc), Loan and Security Agreement (Phoenix Racing Inc)
Loan Accounts; Statements of Account. (a) Each Lender shall open and maintain on its books a loan account in the Borrowers' Borrower's name (each, a "Loan Account" LOAN ACCOUNT and collectively, the "Loan Accounts"LOAN ACCOUNTS). Each such Loan Account shall show as debits thereto each Loan made under this Agreement by such Lender to the Borrowers Borrower and as credits thereto all payments received by such Lender and applied to principal of such LoanLoans, so that the balance of the loan account Loan Account at all times reflects the principal amount due such Lender from the BorrowersBorrower.
Appears in 2 contracts
Samples: Loan and Security Agreement (Burke Industries Inc /Ca/), Loan and Security Agreement (Burke Industries Inc /Ca/)
Loan Accounts; Statements of Account. (a) Each Lender shall open and maintain on its books a loan account in the Borrowers' name (each, a "Loan Account" and collectively, the "Loan Accounts"). Each such Loan Account shall show as debits thereto each Loan made under this Agreement by such Lender to the 61 70 Borrowers and as credits thereto all payments received by such Lender and applied to principal of such LoanLoans, so that the balance of the loan account Loan Account at all times reflects the principal amount due such Lender from the Borrowers.
Appears in 2 contracts
Samples: Loan and Security Agreement (Winsloew Furniture Inc), Loan and Security Agreement (Winston Furniture Co of Alabama Inc)
Loan Accounts; Statements of Account. (a) Each Lender shall open and maintain on its books a loan account in the Borrowers' Borrower's name (each, a "Loan Account" and collectively, the "Loan Accounts"). Each such Loan Account shall show as debits thereto each Loan made under this Agreement by such Lender to the Borrowers Borrower and as credits thereto all payments received by such Lender and applied to principal of such LoanLoans, so that the balance of the loan account Loan Account at all times reflects the principal amount due such Lender from the BorrowersBorrower.
Appears in 2 contracts
Samples: Loan and Security Agreement (Texfi Industries Inc), Loan and Security Agreement (Texfi Industries Inc)
Loan Accounts; Statements of Account. (a) Each Lender shall open and maintain on its books a loan account in the Borrowers' name (each, a "Loan Account" and collectively, the "Loan Accounts"). Each such Loan Account shall show as debits thereto each Loan made under this Agreement by such Lender to the Borrowers and as credits thereto all payments received by such Lender and applied to principal of such Loan, so that the balance of the loan account Loan Account at all times reflects the principal amount due such Lender from the Borrowers.
Appears in 1 contract
Samples: Loan and Security Agreement (Collins Industries Inc)
Loan Accounts; Statements of Account. (a) Each Lender shall open and maintain on its books a at least one loan account in the Borrowers' ’ name (each, a "Loan Account" Account and collectively, the "Loan Accounts"). Each such Loan Account shall show as debits thereto each Note Repurchase Loan and other Loan made under this Agreement by such Lender to the Borrowers and as credits thereto all payments received by such Lender and applied to principal of such LoanLoans, so that the balance of the loan account Loan Account at all times reflects the principal amount due such Lender from the Borrowers.
Appears in 1 contract
Loan Accounts; Statements of Account. (a) Each Lender shall open and maintain on its books a loan account in the Borrowers' Borrower's name (each, a "Loan Account" and collectively, the "Loan Accounts"). Each such Loan Account shall show as debits thereto each Loan made under this Agreement by such Lender to the Borrowers Borrower and as credits thereto all payments received by such Lender and applied to principal of such Loan, so that the balance of the loan account Loan Account at all times reflects the principal amount due such Lender from the BorrowersBorrower.
Appears in 1 contract
Loan Accounts; Statements of Account. (a) Each Lender shall open and maintain on its books a loan account in the Borrowers' Borrower's name (each, a "Loan AccountLOAN ACCOUNT" and collectively, the "Loan AccountsLOAN ACCOUNTS"). Each such Loan Account shall show as debits thereto each Loan made under this Agreement by such Lender to the Borrowers Borrower and as credits thereto all payments received by such Lender and applied to principal of such LoanLoans, so that the balance of the loan account Loan Account at all times reflects the principal amount due such Lender from the BorrowersBorrower.
Appears in 1 contract
Loan Accounts; Statements of Account. (a) Each Lender shall open and maintain on its books a loan account in the Borrowers' Borrower's name (each, a "Loan AccountLOAN ACCOUNT" and collectively, the "Loan AccountsLOAN ACCOUNTS"). Each such Loan Account shall show as debits thereto each Loan made under this Agreement by such Lender to the Borrowers Borrower and as credits thereto all payments received by such Lender and applied to principal of such Loan, so that the balance of the loan account Loan Account at all times reflects the principal amount due such Lender from the BorrowersBorrower.
Appears in 1 contract
Loan Accounts; Statements of Account. (a) Each Lender shall open and maintain on its books a loan account in the Borrowers' Borrower's name (each, a "Loan Account" and collectively, the "Loan Accounts"). Each such Loan Account shall show as debits thereto each Loan Advance made under this Agreement by such Lender to the Borrowers Borrower and as credits thereto all payments received by such Lender and applied to the principal of such LoanRevolving Credit Loans outstanding to the Borrower, so that the balance of the loan account at all times reflects the aggregate principal amount of Revolving Credit Loans due such Lender from the BorrowersBorrower.
Appears in 1 contract
Samples: Loan and Security Agreement (Loehmanns Holdings Inc)
Loan Accounts; Statements of Account. (a) Each Lender shall open and maintain on its books a loan account in the Borrowers' MasTec's name (each, a "Loan Account" and collectively, the "Loan Accounts"). Each such Loan Account shall show as debits thereto each Loan made under this Agreement by such Lender to the Borrowers and as credits thereto all payments received by such Lender and applied to principal of such LoanLoans, so that the balance of the loan account Loan Account at all times reflects the principal amount due such Lender from the Borrowers.
Appears in 1 contract
Loan Accounts; Statements of Account. (a) Each Lender shall open and maintain on its books a loan account in the Borrowers' Borrower's name (each, a "Loan Account" Account and collectively, the "Loan Accounts"). Each such Loan Account shall show as debits thereto each Loan made under this Agreement by such Lender to the Borrowers Borrower and as credits thereto all payments received by such Lender and applied to principal of such LoanLoans, so that the balance of the loan account Loan Account at all times reflects the principal amount due such Lender from the BorrowersBorrower.
Appears in 1 contract
Samples: Loan and Security Agreement (Synthetic Industries Inc)
Loan Accounts; Statements of Account. (a) Each Lender shall open and maintain on its books a at least one loan account in the Borrowers' Borrower’s name (each, a "Loan Account" Account and collectively, the "Loan Accounts"). Each such Loan Account shall show as debits thereto each Loan made under this Agreement by such Lender to the Borrowers Borrower and as credits thereto all payments received by such Lender and applied to principal of such LoanLoans, so that the balance of the loan account Loan Account at all times reflects the principal amount due such Lender from the BorrowersBorrower.
Appears in 1 contract
Loan Accounts; Statements of Account. (a) Each Lender shall open and maintain on its books a loan account in the Borrowers' Xxxxxxx'x name (each, a "Loan Account" and collectively, the "Loan Accounts"). Each such Loan Account shall show as debits thereto each Loan made under this Agreement by such Lender to the Borrowers and as credits thereto all payments received by such Lender and applied to principal of such LoanLoans, so that the balance of the loan account Loan Account at all times reflects the principal amount due such Lender from the Borrowers.
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