Common use of Maintenance of Loan Account; Statements of Account Clause in Contracts

Maintenance of Loan Account; Statements of Account. The Agent shall maintain an account on its books in the name of each Borrower (each, a "LOAN ACCOUNT") in which a Borrower will be charged with all loans and advances made by the Lenders to such Borrower or for such Borrower's account, including the Revolving Loans, the Letter of Credit Obligations, the Fees, the Expenses and any other Obligations. Each Borrower's Loan Account will be credited with all amounts received by the Agent from such Borrower or for such Borrower's account, including, as set forth below, all amounts received in the applicable Collection Account from any Lockbox Bank. The Agent shall send each Borrower a monthly statement reflecting the activity in its Loan Account. Absent manifest error, each monthly statement shall be an account stated and shall be final, conclusive and binding on the Borrowers.

Maintenance of Loan Account; Statements of Account. The Agent shall maintain an account on its books in the name of each Borrower (each, a "LOAN ACCOUNT") in which a Borrower will be charged with all loans and advances made by the Lenders to such Borrower or for such BorrowerXxxxxxxx's account, including the Revolving Loans, the Letter of Credit Obligations, the Fees, the Expenses and any other Obligations. Each Borrower's Loan Account will be credited with all amounts received by the Agent from such Borrower or for such Borrower's account, including, as set forth below, all amounts received in the applicable Collection Account from any Lockbox Bank. The Agent shall send each Borrower a monthly statement reflecting the activity in its Loan Account. Absent manifest error, each monthly statement shall be an account stated and shall be final, conclusive and binding on the Borrowers.

Maintenance of Loan Account; Statements of Account. The Agent shall maintain an account on its books in the name of each Borrower (each, each a "LOAN ACCOUNTLoan Account") in which a such Borrower will be charged with all loans and advances made by the Lenders to such Borrower or for such Borrower's account, including the Term Loans, the Revolving Loans, the and all Letter of Credit Obligations, the Fees, the Expenses and any other ObligationsObligations of such Borrower. Each Borrower's The Loan Account of each Borrower will be credited with all amounts payments received by the Agent from such Borrower or for such Borrower's account, including, as set forth below, including all amounts received in the applicable Collection Concentration Account from any Lockbox Bank. The Agent shall send each Borrower a monthly statement reflecting the activity in its the Loan AccountAccount of such Borrower. Absent manifest or demonstrable error, each monthly statement shall be an account stated and shall be final, conclusive and binding on the Borrowerseach Borrower.