Common use of Notations on Variable Funding Note Clause in Contracts

Notations on Variable Funding Note. The Agent is hereby authorized to enter on a schedule attached to the Variable Funding Note a notation (which may be computer generated) with respect to each Advance under the Variable Funding Note made by the Note Purchaser of: (i) the date and principal amount thereof, and (ii) each repayment of principal thereof, and any such recordation shall constitute prima facie evidence of the accuracy of the information so recorded. The failure of the Agent to make any such notation on the schedule attached to any Variable Funding Note shall not limit or otherwise affect the obligation of the Borrower to repay the Advances in accordance with their respective terms as set forth herein.

Appears in 5 contracts

Samples: Sale and Servicing Agreement (Ares Capital Corp), Sale and Servicing Agreement (Ares Capital Corp), Sale and Servicing Agreement (Ares Capital Corp)

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