Common use of Notations on Variable Funding Notes Clause in Contracts

Notations on Variable Funding Notes. Each Purchaser Agent is hereby authorized to enter on a schedule attached to the VFN a notation (which may be computer generated) with respect to each Advance under the VFN made by the related Purchaser of: (a) the date and principal amount thereof, and (b) 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 any Purchaser Agent to make any such notation on the schedule attached to the VFN shall not limit or otherwise affect the obligation of the Seller to repay the Advances in accordance with their respective terms as set forth herein.

Appears in 7 contracts

Samples: Sale and Servicing Agreement (Capitalsource Inc), Sale and Servicing Agreement (Capitalsource Inc), Sale and Servicing Agreement (Capitalsource Inc)

AutoNDA by SimpleDocs

Notations on Variable Funding Notes. Each Purchaser Agent is hereby authorized to enter on a schedule attached to the VFN a notation (which may be computer generated) with respect to each the Advance under the VFN made by the related Purchaser of: (a) the date and principal amount thereof, and (b) 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 any Purchaser Agent to make any such notation on the schedule attached to the VFN shall not limit or otherwise affect the obligation of the Seller Sellers to repay the Advances Advance in accordance with their respective terms as set forth herein.

Appears in 3 contracts

Samples: Sale and Servicing Agreement (Capitalsource Inc), Sale and Servicing Agreement (Capitalsource Inc), Sale and Servicing Agreement (Capitalsource Inc)

Notations on Variable Funding Notes. Each Purchaser Lender Agent is hereby authorized to enter on a schedule attached to the VFN a notation (which may be computer generated) with respect to each Advance under the VFN made by the related Purchaser Lender of: (a) the date and principal amount thereof, and (b) 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 any Purchaser Lender Agent to make any such notation on the schedule attached to the VFN shall not limit or otherwise affect the obligation of the Seller Borrower to repay the Advances in accordance with their respective terms as set forth herein.

Appears in 2 contracts

Samples: Loan and Servicing Agreement (NewStar Financial, Inc.), Loan and Servicing Agreement (NewStar Financial, Inc.)

AutoNDA by SimpleDocs

Notations on Variable Funding Notes. Each Purchaser The Administrative Agent is hereby authorized to enter on a schedule attached to the each VFN a notation (which may be computer generated) with respect to each Advance under the such VFN made by the related each Purchaser of: (a) the date and principal amount thereof, and (b) 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 any Purchaser the Administrative Agent to make any such notation on the schedule attached to the any VFN shall not limit or otherwise affect the obligation of the Seller to repay the Advances in accordance with their respective terms as set forth herein.

Appears in 1 contract

Samples: Sale and Servicing Agreement (MCG Capital Corp)

Time is Money Join Law Insider Premium to draft better contracts faster.