Record of Advances. Lender is hereby authorized (but not required) to record all loans, advances and other extensions of credit by it to Borrower, including the amounts of all Advances payable and paid to Lender from time to time hereunder, all of which shall be evidenced by this Agreement and the Note, in its books and records in accordance with its usual practice, such books and records constituting prima facie evidence of the accuracy of the information contained therein; provided, that the failure of Lender to record such information shall not affect Borrower’s obligations under this Agreement and the Note.
Record of Advances. In the case of every advance, a notation shall be made in the books and records required under this Agreement identifying and describing each advance and each Participant’s participation therein. A copy thereof shall be promptly furnished to the Participants.
Record of Advances. The aggregate principal amount of Advances outstanding at any time will be recorded in the Intercompany Loan Ledger in accordance with Section 5.4 and deemed to be comprised of:
Record of Advances. An authorized officer or director of the Company shall record Advances on the Payment Grid. Following each recordation of an Advance, the Company shall provide a copy of the Payment Grid to each Lender. The failure to record any Advance on the Payment Grid shall not limit the obligation of the Company to repay such Advance and interest pursuant to the terms of the Purchase Agreement and this Note.
Record of Advances. The disbursement of funds made pursuant to Section 2.1 hereof shall be recorded by the Lender and the Lender shall provide the Borrower with an updated statement of account on a monthly basis. Absent manifest error, the Lender’s calculations of the principal amount of the Loan outstanding from time to time shall be binding on the Borrower.
Record of Advances. All Advances and payments hereunder shall be recorded on Bank’s books, which shall be rebuttable presumptive evidence of the amount of such Advances outstanding at any time hereunder. Bank will account monthly as to all Advances and payments hereunder and each monthly accounting will be fully binding on each Borrower absent manifest error or unless such Borrower provides Bank with a verifiable listing of exceptions. Notwithstanding any term or condition of this Agreement to the contrary, the failure of Bank to record the date and amount of any Advance shall not limit or otherwise affect the obligation of a Borrower to repay any such Advance. Bank, in its sole and absolute discretion, may require each Borrower, and each Borrower agrees upon any such requirement, to execute and deliver to Bank one or more promissory notes to evidence the Advances. Whether or not any promissory notes are so required or executed or delivered, each Borrower promises to pay the Advances, all interest thereon, and all other Obligations under this Agreement pursuant to the terms hereof.
Record of Advances. The Lender is hereby authorized to record the principal amount of each of its Advances and each repayment on the schedule attached to the Credit Note; provided, however, that the failure to so record shall not affect each Borrower’s obligations under the Credit Note. The Lender shall send monthly invoices to the Borrowers in the Lender’s customary form, from time to time, which invoices shall indicate amounts due hereunder, provided, however, that the Lender’s failure to send any invoices shall not diminish in any way, or constitute a defense to, the Borrowers’ Obligations.
Record of Advances. Each Advance shall be recorded on the books maintained by Bank with respect to the Borrower's Account by Bank. The Bank shall also record on such books all payments made by Borrower on the Revolving Credit Note, interest and expenses and other appropriate debits and credits as herein provided. Bank shall from time to time render and send to Borrower a statement of Borrower's Account showing the outstanding aggregate principal balance of the Revolving Credit Note, together with interest and other appropriate debits and credits as of the date of the statement. The statement of Borrower's Account shall be considered correct in all respects and accepted by and be conclusively binding upon Borrower (in the absence of a manifest error) unless Borrower makes specific written objections thereto within forty-five (45) days after the date the statement of Borrower's Account is sent. Bank may also record and endorse on Schedule A attached to and forming a part of the Revolving Credit Note appropriate notations evidencing (i) the date and amount of each Advance to be evidenced by the Revolving Credit Note and (ii) the date and amount of each payment of principal made by Borrower with respect thereto; provided, however, that the failure of Bank to make such notation shall not limit or otherwise affect the obligations of Borrower under the Revolving Credit Note or this Agreement. Bank is hereby irrevocably authorized by Borrower to so endorse such Schedule A and to attach to and make a part of the Revolving Credit Note a continuation of such Schedule A as and when required.
Record of Advances. All Advances and payments hereunder shall be recorded on Lender’s books, which shall be rebuttable presumptive evidence of the amount of such Advances outstanding at any time hereunder. Lender will account monthly as to all Advances and payments hereunder and each, monthly accounting will be fully binding on Borrower unless, within 15 calendar days following Borrower’s receipt thereof, Borrower provides Lender with a verifiable listing of exceptions. Notwithstanding any term or condition of this Agreement to the contrary, the failure of Lender to record the date and amount of any Advance shall not limit or otherwise affect the obligation of Borrower to repay any such Advance. Lender, in its sole and absolute discretion, may require Borrower, and Borrower agrees upon any such requirement, to execute and deliver to Lender one or more promissory notes to evidence the Advances. Whether or not any promissory notes are so required or executed or delivered, borrower promises to pay the Advances, all interest thereon, and all other Obligations under this Agreement pursuant to the terms hereof.
