Maintenance of Loan Account; Statements of Account. Agent shall maintain an account on its books in the name of Xxxxxxxxx (the “Loan Account”) in which Borrowers will be charged with all Loans made by the Lenders to Borrowers or for Borrowers’ account, including the Loans, interest, fees, Lender Group Expenses and any other Obligations. The Loan Account will be credited with all amounts received by the Lenders from Borrowers or for Borrowers’ account. The Lender shall send Borrowers a monthly statement reflecting the activity in the Loan Account. Each such statement shall be an account stated and shall be final, conclusive and binding on Borrowers, absent manifest error.
Appears in 3 contracts
Samples: Credit Agreement (Adit EdTech Acquisition Corp.), Credit Agreement (Adit EdTech Acquisition Corp.), Credit Agreement (Adit EdTech Acquisition Corp.)
Maintenance of Loan Account; Statements of Account. Agent shall maintain an account on its books in the name of Xxxxxxxxx Borrowers (the “Loan Account”) in which Borrowers will be charged with all Loans made by the Lenders to Borrowers or for Borrowers’ account, including the Loans, interest, fees, Lender Group Expenses and any other Obligations. The Loan Account will be credited with all amounts received by the Lenders from Borrowers or for Borrowers’ account. The Lender shall send Borrowers a monthly statement reflecting the activity in the Loan Account. Each such statement shall be an account stated and shall be final, conclusive and binding on Borrowers, absent manifest error.
Appears in 1 contract
Maintenance of Loan Account; Statements of Account. Agent Lender shall maintain an a deposit account on its books in the name of Xxxxxxxxx Lender (the “Loan Account”) in which Borrowers Borrower will be charged with all Loans Advances made by the Lenders Lender to Borrowers Borrower or for Borrowers’ Borrower’s account, including the LoansRevolving Credit Loan, interest, fees, Lender Group Expenses expenses and any other Obligations. The Loan Account will be credited with all amounts received by the Lenders Lender from Borrowers Borrower or for Borrowers’ Borrower’s account. The Lender shall send Borrowers Borrower a monthly statement reflecting the activity in the Loan Account. Each such statement shall be an account stated and shall be final, conclusive and binding on BorrowersBorrower, absent manifest error.
Appears in 1 contract
Samples: Credit Agreement (Vizio, Inc.)
