Common use of Notations on Notes Clause in Contracts

Notations on Notes. The Borrowers irrevocably authorize the Lender to make an appropriate notation on the applicable Note reflecting the making of each Loan and each payment on the Loans. The outstanding amount of the Loans entered in the computer records of the Lender shall be prima facie evidence of the principal amount thereof owing and unpaid to the Lender, but the failure to enter, or any error in so entering, any such amount shall not limit or otherwise affect the obligations of the Borrowers hereunder or under the Notes to make payments of principal, interest and other amounts due thereunder.

Notations on Notes. The Borrowers irrevocably authorize the each Lender to make an appropriate notation on the applicable Note reflecting the making of each Loan and each payment on the Loans. The outstanding amount of the Loans entered in the computer records of the each Lender shall be prima facie evidence of the principal amount thereof owing and unpaid to the such Lender, but the failure to enter, or any error in so entering, any such amount shall not limit or otherwise affect effect the obligations of the Borrowers hereunder or under the Notes any Note to make payments of principal, interest and other amounts due thereunder.