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

Maintenance of Loan Account; Statements of Account. (a) The Administrative Agent shall maintain an account on its books in the name of the Borrowers (the "LOAN ACCOUNT") which will reflect (i) all Swingline Loans and all loans and advances made by the Lenders to the Borrowers or for the Borrowers' account, including the Loans, (ii) all L/C Disbursements, fees and interest that have become payable as herein set forth, and (iii) any and all other Obligations that have become payable.

Appears in 5 contracts

Samples: Credit Agreement (Footstar Inc), Credit Agreement (Footstar Inc), Credit Agreement (Jo-Ann Stores Inc)

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Maintenance of Loan Account; Statements of Account. (a) The Administrative Agent shall maintain an account on its books in the name of the Borrowers Borrower (the "LOAN ACCOUNT") which will reflect (i) all Swingline Loans and all loans and advances made by the Lenders to the Borrowers Borrower or for the Borrowers' Borrower's account, including the Loans, (ii) all L/C Disbursements, fees and interest that have become payable as herein set forth, and (iii) any and all other Obligations that have become payable.

Appears in 1 contract

Samples: Credit Agreement (Lamonts Apparel Inc)

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