Common use of Notations on Variable Funding Notes Clause in Contracts

Notations on Variable Funding Notes. Each Lender is hereby authorized to enter on a schedule attached to the VFN with respect to such Lender, as applicable, a notation (which may be computer generated) or to otherwise record in its internal books and records or computer system with respect to each Advance under the VFN made by the applicable Lender of (a) the date and principal amount thereof and (b) each payment and repayment of principal thereof. Any such recordation shall, absent manifest error, constitute prima facie evidence of the outstanding Advances, as applicable, under each VFN. The failure of any Lender to make any such notation on the schedule attached to the applicable VFN shall not limit or otherwise affect the obligation of the Borrower to repay the Advances in accordance with the terms set forth herein.

Notations on Variable Funding Notes. Each Lender is hereby authorized to enter on a schedule attached to the VFN with respect to such Lender, as applicable, Lender a notation (which may be computer generated) or to otherwise record in its internal books and records or computer system with respect to each Advance under the VFN made by the applicable such Lender of (a) the date and principal amount thereof and (b) each payment and repayment of principal thereof. Any such recordation shall, shall absent manifest error, error constitute prima facie evidence of the outstanding Advances, as applicable, under each VFNaccuracy of the information so recorded. The failure of any Lender to make any such notation on the schedule attached to the applicable VFN shall not limit or otherwise affect the obligation of the Borrower to repay the Advances in accordance with the terms set forth herein.