Monthly Accountings. All Obligations shall be charged to an account in the Borrower's name as maintained on Lender's books. Lender shall render to Borrower a monthly statement of its account which statement shall be deemed correct, accepted by, and conclusively binding upon Borrower as an account stated, except to the extent that Borrower shall deliver to Lender written notice of any specific exceptions thereto within twenty (20) days after the date such statement is rendered.
Appears in 4 contracts
Samples: Loan and Security Agreement (Cybergy Holdings, Inc.), Loan Agreement (WES Consulting, Inc.), Loan and Security Agreement (Bioanalytical Systems Inc)
Monthly Accountings. All Obligations shall be charged to an account in the Borrower's ’s name as maintained on Lender's ’s books. Lender shall render to Borrower a monthly statement of its account which statement shall be deemed correct, accepted by, and conclusively binding upon Borrower as an account stated, except to the extent that Borrower shall deliver to Lender written notice of any specific exceptions thereto within twenty (20) days after the date such statement is rendered.
Appears in 1 contract
Samples: Loan and Security Agreement (MamaMancini's Holdings, Inc.)
