Common use of Records of Amounts Due Clause in Contracts

Records of Amounts Due. The Bank shall record the date and amount of ---------------------- each Loan made by it and the date and amount of each payment of principal made by the Borrower with respect thereto, and may, if the Bank so elects in connection with any transfer or enforcement of each Note, endorse on the schedule forming a part thereof appropriate notations to evidence the foregoing information with respect to each such Loan then outstanding; provided that the -------- failure of the Bank to make any such recordation or endorsement shall not affect the obligations of the Borrower hereunder or under such Note. The Bank is hereby irrevocably authorized by the Borrower so to endorse each Note and to attach to and make a part of such Note a continuation of any such schedule as and when required. The Bank shall send the Borrower a copy of any endorsements and continuations so made.

Appears in 2 contracts

Samples: Credit Agreement (Trex Co Inc), Credit Agreement (Trex Co Inc)

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Records of Amounts Due. The Bank shall record the date and amount of ---------------------- each Revolving Loan made by it and the date and amount of each payment of principal made by the Borrower with respect thereto, and may, if the Bank so elects in connection with any transfer or enforcement of each the Revolving Note, endorse on the any schedule forming a part thereof appropriate notations to evidence the foregoing information with respect to each such Revolving Loan then outstanding; , provided that the -------- failure of the Bank to make any such recordation or endorsement shall not affect the obligations of the Borrower hereunder or under such the Revolving Note. The Bank is hereby irrevocably authorized by the Borrower so to endorse each the Revolving Note and to attach to and make a part of such the Revolving Note a continuation of any such schedule as and when required. The Bank shall send the Borrower a copy of any endorsements and continuations so made.

Appears in 2 contracts

Samples: Credit Agreement (Trex Co Inc), Credit Agreement (Trex Co Inc)

Records of Amounts Due. The Bank shall record the date and amount of ---------------------- each Revolving Loan made by it and the date and amount of each payment of principal made by the Borrower Borrowers with respect thereto, and may, if the Bank so elects in connection with any transfer or enforcement of each the Note, endorse on the schedule forming a part thereof appropriate notations to evidence the foregoing information with respect to each such Revolving Loan then outstanding; provided that the -------- failure of the Bank to make any such recordation or -------- endorsement shall not affect the obligations of the Borrower Borrowers hereunder or under such the Note. The Bank is hereby irrevocably authorized by the Borrower Borrowers so to endorse each the Note and to attach to and make a part of such the Note a continuation of any such schedule as and when required. The Bank shall send the Borrower a copy of any endorsements and continuations so made.

Appears in 1 contract

Samples: Credit Agreement (GTS Duratek Inc)

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Records of Amounts Due. The Bank shall record the date and amount of ---------------------- each Loan made by it and the date and amount of each payment of principal made by the Borrower with respect thereto, and may, if the Bank so elects in connection with any transfer or enforcement of each the Note, endorse on the schedule forming a part thereof appropriate notations to evidence the foregoing information with respect to each such Loan then outstanding; provided that the -------- failure of the Bank to make any such recordation or endorsement shall not affect the obligations of the Borrower hereunder or under such the Note. The Bank is hereby irrevocably authorized by the Borrower so to endorse each the Note and to attach to and make a part of such the Note a continuation of any such schedule as and when required. The Bank shall send the Borrower a copy of any endorsements and continuations so made.

Appears in 1 contract

Samples: Credit Agreement (Trex Co Inc)

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