Common use of Monthly Accountings Clause in Contracts

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

Appears in 13 contracts

Samples: Loan and Security Agreement (TSW International Inc), Loan and Security Agreement (Future Media Productions), Loan and Security Agreement (Indus International)

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Monthly Accountings. GBC 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 GBC), unless Borrower notifies GBC in writing to the contrary within sixty days after each account is rendered, describing the nature of any alleged errors or admissions.. * rebuttably presumed

Appears in 1 contract

Samples: Loan and Security Agreement (Seer Technologies Inc /De)

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

Appears in 1 contract

Samples: Loan and Security Agreement (Synquest Inc)

Monthly Accountings. GBC 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 GBC), unless Borrower notifies GBC in writing to the contrary within * sixty days after each account is rendered, describing the nature of any alleged errors or admissions.. * 180

Appears in 1 contract

Samples: Loan and Security Agreement (Interplay Entertainment Corp)

Monthly Accountings. GBC 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 GBC), unless Borrower notifies GBC in writing to the contrary within 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 (Firepond Inc)

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Monthly Accountings. GBC 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 GBC), * unless Borrower notifies GBC in writing to the contrary within sixty days after each account is rendered, describing the nature of any alleged errors or admissions.. * ABSENT MANIFEST ERROR,

Appears in 1 contract

Samples: Loan and Security Agreement (Com21 Inc)

Monthly Accountings. GBC 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 GBC), unless Borrower notifies GBC in writing to the contrary within sixty 90 days after each account is rendered, describing the nature of any alleged errors or admissions.

Appears in 1 contract

Samples: Loan and Security Agreement (Quarterdeck Corp)

Monthly Accountings. GBC 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 GBC), unless Borrower notifies GBC in writing to the contrary within sixty days after each account is rendered, describing the nature of any alleged errors or admissions.. * IN THE ABSENCE OF MANIFEST ERROR SUCH

Appears in 1 contract

Samples: Term Loan Agreement (Vixel Corp)

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