Common use of Proof of Claims Clause in Contracts

Proof of Claims. The Lender, in accordance with its usual business practice, maintains accounting ledgers for all the business activities related to this Contract on its accounting records for proof of the loan amount due to the Lender. The Borrower confirms that the accounting documents compiled and recorded by the Lender according to its business practices constitute valid proof of its loan obligations under this Contract.

Proof of Claims. The Lender, in accordance with its usual business practice, Lender maintains accounting ledgers for all the business activities related to this Contract on the accounting books, in accordance with its accounting records usual business practice, for proof of the loan amount due to by the Lender. The Borrower confirms admits that the accounting documents compiled and recorded by the Lender according to its business practices constitute valid proof of its the loan obligations under this Contract.