Common use of Monthly Accountings Clause in Contracts

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

Appears in 10 contracts

Samples: Loan and Security Agreement (P Com Inc), Loan and Security Agreement (Greenfield Online Inc), Loan and Security Agreement (Petopia Com Inc)

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Monthly Accountings. Greyrock 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 Greyrock), unless Borrower notifies Greyrock in writing to the contrary within sixty days after each account is rendered, describing the nature of any alleged al-leged errors or admissions.. * REBUTTABLY PRESUMED 9.5

Appears in 1 contract

Samples: Loan and Security Agreement (Level 8 Systems Inc)

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Monthly Accountings. Greyrock 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 Greyrock), unless Borrower notifies Greyrock 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 (Level 8 Systems Inc)

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