Common use of Monthly Accountings Clause in Contracts

Monthly Accountings. Silicon shall provide Borrower monthly with an account of advances, charges, expenses and payments made pursuant to this Agreement. Such account shall be deemed correct, accurate and binding on Borrower and an account stated (except for reverses and reapplications of payments made and corrections of errors discovered by Silicon), unless Borrower notifies Silicon in writing to the contrary within thirty days after each account is rendered, describing the nature of any alleged errors or admissions.

Appears in 62 contracts

Samples: Loan and Security Agreement (Com21 Inc), Loan and Security Agreement (Network Computing Devices Inc), Loan Agreement (Sigma Designs Inc)

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Monthly Accountings. Silicon shall provide Borrower monthly with an account of advances, charges, expenses and payments made pursuant to this Agreement. Such account shall be deemed correct, accurate and binding on Borrower and an account stated (except for reverses and reapplications of payments made and corrections of errors discovered by Silicon), unless Borrower notifies Silicon in writing to the contrary within thirty 60 days after each such account is rendered, describing the nature of any alleged errors or admissionsomissions.

Appears in 41 contracts

Samples: Loan and Security Agreement (Xplore Technologies Corp), Loan and Security Agreement (Sento Corp), Loan and Security Agreement (Internap Network Services Corp)

Monthly Accountings. Silicon shall provide Borrower monthly with an account of advances, charges, expenses and payments made pursuant to this Agreement. Such account shall be deemed correct, accurate and binding on Borrower and an account stated (except for reverses and reapplications of payments made and corrections of errors discovered by Silicon), unless Borrower notifies Silicon in writing to the contrary within thirty sixty (60) days after each account is rendered, describing the nature of any alleged errors or admissionsomissions.

Appears in 7 contracts

Samples: Loan and Security Agreement (Chyron Corp), Loan and Security Agreement (Vertical Communications, Inc.), Loan and Security Agreement (Axs One Inc)

Monthly Accountings. Silicon shall provide Borrower monthly with an account of advances, charges, expenses and payments made pursuant to this Agreement. Such account shall be deemed correct, accurate and binding on Borrower and an account stated (except for reverses and reapplications of payments made and corrections of errors discovered by Silicon), unless Borrower notifies Silicon in writing to the contrary within thirty sixty (60) days after each such account is rendered, describing the nature of any alleged errors or admissionsomissions.

Appears in 5 contracts

Samples: Loan and Security Agreement (Comdial Corp), Loan and Security Agreement (Cogent Communications Group Inc), Loan and Security Agreement (Cogent Communications Group Inc)

Monthly Accountings. Silicon shall provide Borrower monthly with an account of advances, charges, expenses and payments made pursuant to this Agreement. Such account shall be deemed correct, accurate and binding on Borrower and an account stated (except for reverses and reapplications of payments made and corrections of errors discovered by Silicon), unless Borrower notifies Silicon in writing to the contrary within thirty * days after each account is rendered, describing the nature of any alleged errors or admissions.. *SIXTY

Appears in 2 contracts

Samples: Loan and Security Agreement (Viseon Inc), Loan and Security Agreement (Viseon Inc)

Monthly Accountings. Silicon shall provide Borrower monthly with an account of advances, charges, expenses and payments made pursuant to this Agreement. Such account shall be deemed correct, accurate and binding on Borrower and an account stated (except for reverses and reapplications of payments made and corrections of errors discovered by Silicon), unless Borrower notifies Silicon in writing to the contrary within thirty 90 days after each such account is rendered, describing the nature of any alleged errors or admissionsomissions.

Appears in 2 contracts

Samples: Loan and Security Agreement (Endocardial Solutions Inc), Loan and Security Agreement (Endocardial Solutions Inc)

Monthly Accountings. Silicon shall provide Borrower monthly with an account of advances, charges, expenses and payments made pursuant to this Agreement. Such account shall be deemed correct, accurate and binding on Borrower and an account stated (except for reverses and reapplications of payments made and corrections of errors discovered by Silicon), unless Borrower notifies Silicon in writing to the contrary within thirty days after each account is rendered, describing the nature of any alleged errors or admissions.unless

Appears in 1 contract

Samples: Loan and Security Agreement (Double-Take Software, Inc.)

Monthly Accountings. Silicon shall provide Borrower monthly with an account of advances, charges, expenses and payments made pursuant to this Agreement. Such account shall be deemed correct, accurate and binding on Borrower and an account stated (except for reverses and reapplications of payments made and corrections of errors discovered by Silicon), unless Borrower notifies Silicon in writing to the contrary within thirty sixty (60) days after each account is rendered, describing the nature of any alleged errors or admissions.

Appears in 1 contract

Samples: Loan and Security Agreement (Aspen Technology Inc /De/)

Monthly Accountings. Silicon shall provide Borrower monthly with an a written account of advances, charges, expenses and payments made pursuant to this Agreement. Such account shall be deemed correct, accurate and binding on Borrower and an account stated (except for reverses and reapplications of payments made and corrections of errors discovered by Silicon), unless Borrower notifies Silicon in writing to the contrary within thirty days after each account is rendered, describing the nature of any alleged errors or admissions.. SILICON VALLEY BANK LOAN AND SECURITY AGREEMENT --------------------------------------------------------------------------------

Appears in 1 contract

Samples: Loan and Security Agreement (Globecomm Systems Inc)

Monthly Accountings. Silicon shall provide Borrower monthly with an account of advances, charges, expenses and payments made pursuant to this Agreement. Such account shall be deemed correct, accurate and binding on Borrower and an account stated (except for reverses and reapplications of payments made and corrections of errors discovered by Silicon), unless Borrower notifies Silicon in writing to the contrary within thirty ninety (90) days after each such account is rendered, describing the nature of any alleged errors or admissionsomissions.

Appears in 1 contract

Samples: Loan and Security Agreement (Axeda Systems Inc)

Monthly Accountings. Silicon shall provide Borrower monthly with an account of advances, charges, expenses and payments made pursuant to this Agreement. Such account shall be deemed correct, accurate and binding on Borrower and an account stated (except for reverses and reapplications of payments made and corrections of errors discovered by Silicon), unless Borrower notifies Silicon in writing to the contrary within thirty sixty days after each account is renderedreceived by Borrower, describing the nature of any alleged errors or admissions.

Appears in 1 contract

Samples: Loan and Security Agreement (Infinium Software Inc)

Monthly Accountings. Silicon shall provide Borrower monthly with an account of advances, charges, expenses and payments made pursuant to this Agreement. Such account shall be deemed correct, accurate and binding on Borrower and an account stated (except for reverses and reapplications of payments made and corrections of errors discovered by Silicon), unless Borrower notifies Silicon in writing to the contrary within thirty sixty days after each account is rendered, describing the nature of any alleged errors or admissions.

Appears in 1 contract

Samples: Loan and Security Agreement (Ibasis Inc)

Monthly Accountings. Silicon shall provide Borrower monthly with an account of advances, charges, expenses and payments made pursuant to this Agreement. Such account shall be deemed correct, accurate and binding on Borrower and an account stated (except for reverses and reapplications of payments made and corrections of errors discovered by Silicon), unless Borrower notifies Silicon in writing to the contrary within thirty days after each account is rendered, describing the nature of any alleged errors or admissions.. SILICON VALLEY BANK AMENDED AND RESTATED LOAN AND SECURITY AGREEMENT --------------------------------------------------------------------------------

Appears in 1 contract

Samples: Loan and Security Agreement (Exchange Applications Inc)

Monthly Accountings. Silicon shall provide Borrower monthly monthly, within thirty (30) days after the end of the following month, with an account of advances, charges, expenses and payments made pursuant to this Agreement. Such account shall be deemed correct, accurate and binding on Borrower and an account stated (except for reverses and reapplications of payments made and corrections of errors discovered by Silicon), unless Borrower notifies Silicon in writing to the contrary within thirty ninety (90) days after each account is rendered, describing the nature of any alleged errors or admissionsomissions.

Appears in 1 contract

Samples: Loan and Security Agreement (Diomed Holdings Inc)

Monthly Accountings. Silicon shall provide Borrower monthly with an account of advances, charges, expenses and payments made pursuant to this Agreement. Such account shall be deemed correct, accurate and binding on Borrower and an account stated (except for reverses and reapplications of payments made and corrections of errors discovered by Silicon), unless Borrower notifies Silicon in writing to the contrary within thirty sixty (60) days after each such account is rendered, describing the nature of any alleged errors or admissionsomissions. Such accounting shall be subject to customary year-end adjustments.

Appears in 1 contract

Samples: Loan and Security Agreement (Animas Corp)

Monthly Accountings. Silicon shall provide Borrower monthly with an account of advances, charges, expenses and payments made pursuant to this Agreement. Such account shall be deemed correct, accurate and binding on Borrower and an account stated (except for MANIFEST ERROR AND FOR reverses and reapplications of payments made and corrections of errors discovered by Silicon), unless Borrower notifies Silicon in writing to the contrary within thirty days after each account is rendered, describing the nature of any alleged errors or admissions.

Appears in 1 contract

Samples: Loan and Security Agreement (Quinton Cardiology Systems Inc)

Monthly Accountings. Silicon shall provide Borrower monthly with an account of advances, charges, expenses and payments made pursuant to this Agreement. Such Except for any manifest error, such account shall be deemed correct, accurate and binding on Borrower and an account stated (except for reverses and reapplications of payments made and corrections of errors discovered by Silicon), unless Borrower notifies Silicon in writing to the contrary within thirty 60 days after each such account is rendered, describing the nature of any alleged errors or admissionsomissions.

Appears in 1 contract

Samples: Loan and Security Agreement (Essential Group Inc)

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Monthly Accountings. Silicon shall provide Borrower monthly with an account of advances, charges, expenses and payments made pursuant to this Agreement. Such account shall be deemed correct, accurate and binding on Borrower and an account stated (except for * reverses and reapplications of payments made and corrections of errors discovered by Silicon), unless Borrower notifies Silicon in writing to the contrary within thirty 60 days after each such account is rendered, describing the nature of any alleged errors or admissions.omissions. *MANIFEST ERROR AND FOR

Appears in 1 contract

Samples: Loan and Security Agreement (Quinton Cardiology Systems Inc)

Monthly Accountings. Silicon shall provide Borrower monthly with an account of advances, charges, expenses and payments made pursuant to this Agreement. Such Absent manifest error, such account shall be deemed correct, accurate and binding on Borrower and an account stated (except for reverses and reapplications of payments made and corrections of errors discovered by Silicon), unless Borrower notifies Silicon in writing to the contrary within thirty forty-five (45) days after each account is rendered, describing the nature of any alleged errors or admissionsomissions.

Appears in 1 contract

Samples: Loan and Security Agreement (Parlex Corp)

Monthly Accountings. Silicon shall provide Borrower monthly with an account of advances, charges, expenses and payments made pursuant to this Agreement. Such account shall be deemed correct, accurate and binding bind­ing on Borrower and an account stated (except for reverses and reapplications of payments made and corrections of errors er­rors discovered by Silicon), unless Borrower notifies Silicon in writing to the contrary within thirty days after each account is rendered, describing the nature of any alleged al­leged errors or admissionsomissions.

Appears in 1 contract

Samples: Loan and Security Agreement (Satcon Technology Corp)

Monthly Accountings. Silicon shall provide Borrower monthly with an account of advances, charges, expenses and payments made pursuant to this Agreement. Such account shall be deemed correct, accurate and binding on Borrower and an account stated (except for reverses and reapplications of payments made and corrections of errors discovered by Silicon), unless Borrower notifies Silicon in writing to the contrary within thirty * days after each account is rendered, describing the nature of any alleged errors or admissions.. * sixty

Appears in 1 contract

Samples: Loan and Security Agreement (Netsmart Technologies Inc)

Monthly Accountings. Silicon shall provide Borrower monthly with an account of advances, charges, expenses and payments made pursuant to this Agreement. Such account shall be deemed correct, accurate and binding on Borrower and an account stated (except for reverses and reapplications of payments payment made and corrections of errors discovered by Silicon), unless Borrower notifies Silicon in writing to the contrary within thirty sixty (60) days after each such account is rendered, describing the nature of any alleged errors or admissionsomissions.

Appears in 1 contract

Samples: Loan and Security Agreement (Relm Wireless Corp)

Monthly Accountings. Silicon shall provide Borrower monthly with an account of advances, charges, expenses and payments made pursuant to this Agreement. Such account shall be deemed correct, accurate and binding bind-ing on Borrower and an account stated (except for reverses and reapplications of payments made and corrections of errors er-rors discovered by Silicon), unless Borrower notifies Silicon in writing to the contrary within thirty days after each account is rendered, describing the nature of any alleged al-leged errors or admissions.

Appears in 1 contract

Samples: Loan and Security Agreement (Entrada Networks Inc)

Monthly Accountings. Silicon shall provide Borrower Borrowers monthly with an account of advances, charges, expenses and payments made pursuant to this Agreement. Such account shall be deemed correct, accurate and binding on Borrower Borrowers and an account stated (except for reverses and reapplications of payments made and corrections of errors discovered by Silicon), unless Borrower notifies Borrowers notify Silicon in writing to the contrary within thirty 60 days after each such account is rendered, describing the nature of any alleged errors or admissionsomissions.

Appears in 1 contract

Samples: Loan and Security Agreement (Xenogen Corp)

Monthly Accountings. Silicon shall provide Borrower monthly with an account of advances, charges, expenses and payments made pursuant to this Agreement. * Such account shall be deemed correct, accurate and binding on Borrower and an account stated (except for reverses and reapplications of payments made and corrections of errors discovered by Silicon), unless Borrower notifies Silicon in writing to the contrary within thirty 60 days after each such account is rendered, describing the nature of any alleged errors or admissions.omissions. * In the absence of manifest error, such

Appears in 1 contract

Samples: Loan and Security Agreement (Giga Tronics Inc)

Monthly Accountings. Silicon shall provide Borrower monthly with an account of advances, charges, expenses and payments made pursuant to this Agreement. Such account shall be deemed correct, accurate and binding on Borrower and an account stated (except for reverses and reapplications of payments made and corrections of errors discovered by Silicon), unless Borrower borrower notifies Silicon in writing to the contrary within thirty 60 days after each such account is rendered, describing the nature of any alleged errors or admissionsomissions.

Appears in 1 contract

Samples: Loan and Security Agreement (Cypress Communications Holding Co Inc)

Monthly Accountings. Silicon shall provide Borrower monthly with an account of advances, charges, expenses and payments made pursuant to this Agreement. Such Absent manifest error, such account shall be deemed correct, accurate and binding on Borrower and an account stated (except for reverses and reapplications of payments made and corrections of errors discovered by Silicon), unless Borrower notifies Silicon in writing to the contrary within thirty 60 days after each such account is rendered, describing the nature of any alleged errors or admissionsomissions.

Appears in 1 contract

Samples: Loan and Security Agreement (Atheros Communications Inc)

Monthly Accountings. Silicon shall provide Borrower monthly with an account of advances, charges, expenses and payments made pursuant to this Agreement. Such account shall be deemed correct, accurate and binding on Borrower and an account stated (except for reverses and reapplications of payments made and corrections of errors discovered by SiliconSilicon or Borrower), unless Borrower notifies Silicon in writing to the contrary within thirty days after each account is rendered, describing the nature of any alleged errors or admissions.

Appears in 1 contract

Samples: Loan and Security Agreement (Cambridge Heart Inc)

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