Notation of Disbursements and Payments. Disbursements of, and payments of principal with respect to, Revolving Credit Loans shall be evidenced by notations by the Lender on its electronic data processing equipment, showing the date and amount of each advance and each payment of principal. The principal amount outstanding under the Revolving Credit Notes from time to time shall also be recorded by the Lender on that electronic data processing equipment. The aggregate amount of all disbursements of Revolving Credit Loans made and shown on the Lender's electronic data processing equipment, over all of the payments of principal made by the Borrower and recorded on the Lender's electronic data processing equipment, shall be prima facie evidence of the outstanding principal balance due under the Revolving Credit Notes.
Appears in 2 contracts
Samples: Loan Agreement (Orig LLC), Loan Agreement (Orig LLC)
Notation of Disbursements and Payments. Disbursements of, and ----------------------------------------- payments of principal with respect to, Revolving Credit Loans shall be evidenced by notations by the Lender on its electronic data processing equipment, showing the date and amount of each advance and each payment of principal. The principal amount outstanding under the Revolving Credit Notes from time to time shall also be recorded by the Lender on that electronic data processing equipment. The aggregate amount of all disbursements of Revolving Credit Loans made and shown on the Lender's electronic data processing equipment, over all of the payments of principal made by the Borrower and recorded on the Lender's electronic data processing equipment, shall be prima facie evidence of the outstanding principal balance due under the Revolving Credit Notes.
Appears in 1 contract
Notation of Disbursements and Payments. Disbursements of, and payments of principal with respect to, Revolving Credit Loans the Loan shall be evidenced by the Lender's notations by made in the Lender on its Lender's electronic data processing equipment, showing the date and amount of each advance and Disbursement or each payment of principal. The principal amount outstanding under the Revolving Credit Notes Note from time to time shall also be recorded by the Lender on that electronic data processing equipment. The aggregate amount of all disbursements any Disbursements of Revolving Credit Loans the Loan made and shown on recorded in the Lender's electronic data processing equipment, over less all of the payments of principal made by the Borrower on the Loan and recorded on in the Lender's electronic data processing equipment, shall be prima facie evidence of the outstanding principal balance due under the Revolving Credit NotesNote.
Appears in 1 contract
Samples: Loan Agreement (In House Rehab Corp)