Record of Conversion Loans Sample Clauses

Record of Conversion Loans. The Administrative Agent may maintain from time to time, at its discretion, liability records as to any and all Conversion Loans made or repaid and interest accrued or paid under this Agreement. All entries made on any such record shall be presumed correct until the Borrower establishes the contrary. On demand by Administrative Agent, the Borrower will admit and certify in writing the exact principal balance which Borrower then asserts to be outstanding to Lenders for Conversion Loans under this Agreement.