Common use of Monthly Accountings Clause in Contracts

Monthly Accountings. FINOVA 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 FINOVA), unless Borrower notifies FINOVA in writing to the contrary within thirty (30) days after each account is rendered, describing the nature of any alleged errors or admissions.

Appears in 13 contracts

Samples: Loan and Security Agreement (Nstor Technologies Inc), Loan and Security Agreement (Hmi Industries Inc), Loan and Security Agreement (Jacobs Jay Inc)

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Monthly Accountings. FINOVA 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 FINOVA), unless Borrower DSI notifies FINOVA in writing to the contrary within thirty (30) days after each account is rendered, describing the nature of any alleged errors or admissions.

Appears in 2 contracts

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

Monthly Accountings. FINOVA 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 FINOVA), unless Borrower notifies FINOVA in writing to the contrary within thirty (30) days after each account is rendered, describing the nature of any alleged errors or admissions.stated

Appears in 1 contract

Samples: Loan and Security Agreement (Automotive One Parts Stores Inc)

Monthly Accountings. FINOVA 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 FINOVA and an account stated (except for reverses and reapplications of payments made and corrections of errors discovered by FINOVA), unless Borrower notifies FINOVA in writing to the contrary within thirty (30) days after each account is rendered, describing the nature of any alleged errors or admissionsomissions.

Appears in 1 contract

Samples: Loan and Security Agreement (Cumetrix Data Systems Corp)

Monthly Accountings. FINOVA shall provide Borrower monthly with an account of advances, charges, expenses and payments and other transactions made pursuant to this AgreementAgreement on a monthly basis. 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 FINOVA), unless Borrower notifies FINOVA in writing to the contrary within thirty forty-five (3045) days after each account is rendered, describing the nature of any alleged errors or admissions.

Appears in 1 contract

Samples: Loan and Security Agreement (Intellicall Inc)

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Monthly Accountings. FINOVA 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 FINOVA), unless Borrower notifies FINOVA in writing to the contrary within thirty (30) days after each account is rendered, describing the nature of any alleged errors or admissions.

Appears in 1 contract

Samples: Finova Loan and Security Agreement (Utilx Corp)

Monthly Accountings. FINOVA shall provide Borrower monthly with an account of -------------------- advances, charges, expenses and payments and other transactions made pursuant to this AgreementAgreement on a monthly basis. 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 FINOVA), unless Borrower notifies FINOVA in writing to the contrary within thirty (30) days after each account is rendered, describing the nature of any alleged errors or admissions.

Appears in 1 contract

Samples: Loan and Security Agreement (Avery Communications Inc)

Monthly Accountings. FINOVA 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 FINOVA), unless Borrower notifies FINOVA in writing to the contrary within thirty (30) days after each account is rendered, describing the nature of any alleged errors or admissionsomissions.

Appears in 1 contract

Samples: Loan and Security Agreement (Medley Credit Acceptance Corp)

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