Common use of Monthly Invoice Clause in Contracts

Monthly Invoice. The Administrative Agent will prepare an invoice for each Settlement Date (each, a “Monthly Invoice”), and deliver such invoice to the Servicer and the Borrower on the related Invoice Delivery Date, setting forth the Interest Period Invoice Amount due by the Borrower to each of the Lenders on such Settlement Date. The Borrower shall cause the Servicer to include the Interest Period Invoice Amount set forth in such invoice as the amount to be distributed to the Lenders with respect thereto on the Servicer’s Monthly Settlement Certificate for such Settlement Date. The determination by the Administrative Agent of the Interest Period Invoice Amount (and the Interest Rate used in the calculation thereof) due to each of the Lenders, as set forth on any such invoice, shall be conclusive and binding absent manifest error.