Repayment of Loans; Evidence of Indebtedness. (a) The outstanding principal balance of all Term Loans shall be due and payable on the Maturity Date. (b) Each Lender shall maintain in accordance with its usual practice an account or accounts evidencing the Indebtedness to such Lender resulting from each Extension of Credit made by such Lender from time to time, including the amounts of principal and interest payable and paid to such Lender from time to time under this Agreement. (c) The Agent shall maintain accounts in which it will record (i) the amount of each Extension of Credit made hereunder, the Type of each Loan made and the Interest Period applicable thereto, (ii) the amount of any principal or interest due and payable or to become due and payable from the Borrower to each Lender hereunder and (iii) the amount of any sum received by the Agent hereunder from the Borrower and each Lender’s share thereof. (d) The entries made in the accounts maintained pursuant to subsections (b) and (c) above shall, to the extent permitted by Applicable Law, be prima facie evidence of the existence and amounts of the obligations therein recorded; provided, however, that the failure of any Lender or the Agent to maintain such accounts or any error therein shall not in any manner affect the obligations of the Borrower to repay the Loans in accordance with their terms.
Appears in 6 contracts
Samples: Term Loan Credit Agreement (Oncor Electric Delivery Co LLC), Term Loan Credit Agreement (Oncor Electric Delivery Co LLC), Term Loan Credit Agreement (Oncor Electric Delivery Co LLC)
Repayment of Loans; Evidence of Indebtedness. (a) The outstanding principal balance of all Term Loans each Loan shall be due and payable on the last day of the Interest Period applicable thereto and on the Maturity Date.
(b) Each Lender shall maintain in accordance with its usual practice an account or accounts evidencing the Indebtedness indebtedness to such Lender resulting from each Extension of Credit Loan made by such Lender from time to time, including the amounts of principal and interest payable and paid to such Lender from time to time under this Agreement.
(c) The Agent shall maintain accounts in which it will record (i) the amount of each Extension of Credit Loan made hereunder, the Type of each Loan made and the Interest Period applicable thereto, (ii) the amount of any principal or interest due and payable or to become due and payable from the Borrower to each Lender hereunder and (iii) the amount of any sum received by the Agent hereunder from the Borrower and each Lender’s 's share thereof.
(d) The entries made in the accounts maintained pursuant to subsections paragraphs (b) and (c) above of this Section 2.05 shall, to the extent permitted by Applicable Lawapplicable law, be prima facie evidence of the existence and amounts of the obligations therein recorded; provided, however, that the failure of any Lender or the Agent to maintain such accounts or any error therein shall not in any manner affect the obligations of the Borrower to repay the Loans in accordance with their terms.
Appears in 5 contracts
Samples: Revolving Credit Agreement (Txu Corp /Tx/), Revolving Credit Agreement (Txu Corp /Tx/), Credit Agreement (Txu Corp /Tx/)
Repayment of Loans; Evidence of Indebtedness. (a) The outstanding principal balance of all Term Loans each Loan shall be due and payable on the last day of the Interest Period applicable thereto and on the Maturity Date.
(b) Each Lender shall maintain in accordance with its usual practice an account or accounts evidencing the Indebtedness indebtedness to such Lender resulting from each Extension of Credit Loan made by such Lender from time to time, including the amounts of principal and interest payable and paid to such Lender from time to time under this Agreement.
(c) The Administrative Agent shall maintain accounts in which it will record (i) the amount of each Extension of Credit Loan made hereunder, the Type of each Loan made and the Interest Period applicable thereto, (iii) the amount of any principal or interest due and payable or to become due and payable from the each Borrower to each Lender hereunder and (iiii) the amount of any sum received by the Administrative Agent hereunder from the each Borrower and each Lender’s 's share thereof.
(d) The entries made in the accounts maintained pursuant to subsections paragraphs (b) and (c) above of this Section 2.06 shall, to the extent permitted by Applicable Lawapplicable law, be prima facie evidence of the existence and amounts of the obligations therein recorded; provided, however, that the failure of any Lender or the Administrative Agent to maintain such accounts or any error therein shall not in any manner affect the obligations of the Borrower Borrowers to repay the Loans in accordance with their terms.
Appears in 4 contracts
Samples: 364 Day Competitive Advance and Revolving Credit Facility Agreement (Texas Utilities Co /Tx/), Credit Facility Agreement (Texas Utilities Co /Tx/), Credit Facility Agreement (Tu Acquisitions PLC)
Repayment of Loans; Evidence of Indebtedness. (a) The outstanding principal balance of all Term Loans each (i) Eurodollar Loan shall be due and payable on the Maturity last day of the Interest Period applicable thereto and on the Commitment Termination Date and (ii) ABR Loan shall be due and payable on the Commitment Termination Date.
(b) Each Lender shall maintain in accordance with its usual practice an account or accounts evidencing the Indebtedness indebtedness to such Lender resulting from each Extension of Credit made by such Lender from time to time, including the amounts of principal and interest payable and paid to such Lender from time to time under this Agreement.
(c) The Agent shall maintain accounts in which it will record (i) the amount of each Extension of Credit made hereunder, the Type of each Loan made and the Interest Period applicable thereto, (ii) the amount of any principal or interest due and payable or to become due and payable from the Borrower to each Lender hereunder and (iii) the amount of any sum received by the Agent hereunder from the Borrower and each Lender’s share thereof.
(d) The entries made in the accounts maintained pursuant to subsections (b) and (c) above shall, to the extent permitted by Applicable Lawapplicable law, be prima facie evidence of the existence and amounts of the obligations therein recorded; provided, however, that the failure of any Lender or the Agent to maintain such accounts or any error therein shall not in any manner affect the obligations of the Borrower to repay the Loans Outstanding Credits in accordance with their terms.
Appears in 3 contracts
Samples: Revolving Credit Agreement (Txu Energy Co LLC), Revolving Credit Agreement (Txu Corp /Tx/), Revolving Credit Agreement (Txu Energy Co LLC)
Repayment of Loans; Evidence of Indebtedness. (a) The outstanding principal balance of all Term Loans each Loan shall be due and payable on the last day of the Interest Period applicable thereto and on the Maturity Date.
(b) Each Lender shall maintain in accordance with its usual practice an account or accounts evidencing the Indebtedness indebtedness to such Lender resulting from each Extension of Credit Loan made by such Lender from time to time, including the amounts of principal and interest payable and paid to such Lender from time to time under this Agreement.
(c) The Agent shall maintain accounts in which it will record (i) the amount of each Extension of Credit Loan made hereunder, the Type of each Loan made and the Interest Period applicable thereto, (ii) the amount of any principal or interest due and payable or to become due and payable from the Borrower to each Lender hereunder and (iii) the amount of any sum received by the Agent hereunder from the Borrower and each Lender’s 's share thereof.
(d) The entries made in the accounts maintained pursuant to subsections paragraphs (b) and (c) above of this Section 2.05 shall, to the extent permitted by Applicable Lawapplicable law, be prima facie evidence of the existence and amounts of the obligations therein recorded; provided, however, that the failure of any Lender or the Agent to maintain such accounts or any error therein shall not in any manner affect the obligations of the Borrower to repay the outstanding Loans in accordance with their terms.
Appears in 3 contracts
Samples: Credit Agreement (Txu Corp /Tx/), Credit Agreement (Txu Corp /Tx/), Credit Agreement (Txu Corp /Tx/)
Repayment of Loans; Evidence of Indebtedness. (a) The outstanding principal balance of all Term Loans each Loan shall be due and payable on the last day of the Interest Period applicable thereto and on (i) the Maturity DateDate or (ii) if sooner, with respect to Competitive Loans only, the last day of the Revolving Period.
(b) Each Lender shall maintain in accordance with its usual practice an account or accounts evidencing the Indebtedness indebtedness to such Lender resulting from each Extension of Credit Loan made by such Lender from time to time, including the amounts of principal and interest payable and paid to such Lender from time to time under this Agreement.
(c) The Administrative Agent shall maintain accounts in which it will record (i) the amount of each Extension of Credit Loan made hereunder, the Type of each Loan made and the Interest Period applicable thereto, (ii) the amount of any principal or interest due and payable or to become due and payable from the each Borrower to each Lender hereunder and (iii) the amount of any sum received by the Administrative Agent hereunder from the each Borrower and each Lender’s 's share thereof.
(d) The entries made in the accounts maintained pursuant to subsections paragraphs (b) and (c) above of this Section 2.06 shall, to the extent permitted by Applicable Lawapplicable law, be prima facie evidence of the existence and amounts of the obligations therein recorded; provided, however, that the failure of any Lender or the Administrative Agent to maintain such accounts or any error therein shall not in any manner affect the obligations of the Borrower Borrowers to repay the Loans in accordance with their terms.
Appears in 2 contracts
Samples: 364 Day Competitive Advance and Revolving Credit Facility Agreement (Txu Electric Co), 364 Day Second Amended and Restated Competitive Advance and Revolving Credit Facility Agreement (Txu Electric Co)
Repayment of Loans; Evidence of Indebtedness. (a) The outstanding principal balance of all Term Loans each Loan shall be due and payable on the last day of the Interest Period applicable thereto and on the Maturity Date.
(b) Each Lender shall maintain in accordance with its usual practice an account or accounts evidencing the Indebtedness indebtedness to such Lender resulting from each Extension of Credit Loan made by such Lender from time to time, including the amounts of principal and interest payable and paid to such Lender from time to time under this Agreement.
(c) The Administrative Agent shall maintain accounts in which it will record (i) the amount of each Extension of Credit Loan made hereunder, the Type of each Loan made and the Interest Period applicable thereto, (ii) the amount of any principal or interest due and payable or to become due and payable from the Borrower to each Lender hereunder and (iii) the amount of any sum received by the Administrative Agent hereunder from the Borrower and each Lender’s 's share thereof.
(d) The entries made in the accounts maintained pursuant to subsections paragraphs (b) and (c) above of this Section 2.06 shall, to the extent permitted by Applicable Lawapplicable law, be prima facie evidence of the existence and amounts of the obligations therein recorded; provided, however, that the failure of any Lender or the Administrative Agent to maintain such accounts or any error therein shall not in any manner affect the obligations of the Borrower to repay the Loans in accordance with their terms.
Appears in 2 contracts
Samples: 364 Day Competitive Advance and Revolving Credit Facility Agreement (Tu Acquisitions PLC), 364 Day Competitive Advance and Revolving Credit Facility Agreement (Texas Utilities Co /Tx/)
Repayment of Loans; Evidence of Indebtedness. (a) The outstanding principal balance of all Term Loans each Loan shall be due and payable on the last day of the Interest Period applicable thereto and on the Maturity Date.
(b) Each Lender shall maintain in accordance with its usual practice an account or accounts evidencing the Indebtedness indebtedness to such Lender resulting from each Extension of Credit made by such Lender from time to time, including the amounts of principal and interest payable and paid to such Lender from time to time under this Agreement.
(c) The Agent shall maintain accounts in which it will record (i) the amount of each Extension of Credit made hereunder, the Type of each Loan made and the Interest Period applicable thereto, (ii) the amount of any principal or interest due and payable or to become due and payable from the each Borrower to each Lender hereunder and (iii) the amount of any sum received by the Agent hereunder from the each Borrower and each Lender’s 's share thereof.
(d) The entries made in the accounts maintained pursuant to subsections paragraphs (b) and (c) above of this Section 2.05 shall, to the extent permitted by Applicable Lawapplicable law, be prima facie evidence of the existence and amounts of the obligations therein recorded; provided, however, that the failure of any Lender or the Agent to maintain such accounts or any error therein shall not in any manner affect the obligations of the Borrower Borrowers to repay the Loans Outstanding Credits in accordance with their terms.
Appears in 2 contracts
Samples: Revolving Credit Agreement (Txu Corp /Tx/), 364 Day Revolving Credit Agreement (Txu Corp /Tx/)
Repayment of Loans; Evidence of Indebtedness. (a) The outstanding principal balance of all the Term Loans Loan made by any Lender shall be due and payable on the Maturity Date.
(b) Each Lender shall maintain in accordance with its usual practice an account or accounts evidencing the Indebtedness to such Lender resulting from each Extension of Credit made by such Lender from time to time, including the amounts of principal and interest payable and paid to such Lender from time to time under this Agreement.
(c) The Agent shall maintain accounts in which it will record (i) the amount of each Extension of Credit made hereunder, the Type of each Loan made and the Interest Period applicable thereto, (ii) the amount of any principal or interest due and payable or to become due and payable from the Borrower to each Lender hereunder and (iii) the amount of any sum received by the Agent hereunder from the Borrower and each Lender’s share thereof.
(d) The entries made in the accounts maintained pursuant to subsections (b) and (c) above shall, to the extent permitted by Applicable Law, be prima facie evidence of the existence and amounts of the obligations therein recorded; provided, however, that the failure of any Lender or the Agent to maintain such accounts or any error therein shall not in any manner affect the obligations of the Borrower to repay the Loans in accordance with their terms.
Appears in 2 contracts
Samples: Term Loan Credit Agreement (Oncor Electric Delivery Co LLC), Term Loan Credit Agreement (Oncor Electric Delivery Co LLC)
Repayment of Loans; Evidence of Indebtedness. (a) The outstanding Borrower hereby unconditionally promises to pay to the Administrative Agent for the account of each Lender the then unpaid principal balance amount of all Term Loans shall be due and payable each Revolving Loan on the Maturity Date.
(b) Each The Loans made by each Lender shall maintain be evidenced by one or more accounts or records maintained by such Xxxxxx and by the Administrative Agent in accordance the ordinary course of business. The accounts or records maintained by the Administrative Agent and each Lender shall be conclusive absent manifest error of the amount of the Loans made by the Lenders to the Borrower and its Subsidiaries and the interest and payments thereon. Any failure to so record or any error in doing so shall not, however, limit or otherwise affect the obligation of the Borrower hereunder to pay any amount owing with its usual practice an account or respect to the Obligations. In the event of any conflict between the accounts evidencing and records maintained by any Xxxxxx and the Indebtedness accounts and records of the Administrative Agent in respect of such matters, the accounts and records of the Administrative Agent shall control in the absence of manifest error. Upon the request of any Xxxxxx made through the Administrative Agent, the Borrower shall execute and deliver to such Lender resulting from each Extension (through the Administrative Agent) a promissory note payable to the order of Credit made by such Lender from time to timeand its registered assigns and in the form attached hereto as Exhibit I, including the amounts of principal and interest payable and paid to which shall evidence such Lender from time to time under this Agreement.
(c) The Agent shall maintain accounts in which it will record (i) the amount of each Extension of Credit made hereunder, the Type of each Loan made and the Interest Period applicable thereto, (ii) the amount of any principal or interest due and payable or to become due and payable from the Borrower to each Lender hereunder and (iii) the amount of any sum received by the Agent hereunder from the Borrower and each Lender’s share thereof.
(d) The entries made Loans in the accounts maintained pursuant addition to subsections (b) and (c) above shall, to the extent permitted by Applicable Law, be prima facie evidence of the existence and amounts of the obligations therein recorded; provided, however, that the failure of any Lender or the Agent to maintain such accounts or any error therein shall not in any manner affect records. Each Lender may attach schedules to such promissory note held by it and endorse thereon the obligations date, amount and maturity of the Borrower to repay the its Loans in accordance and payments with their termsrespect thereto.
Appears in 1 contract
Repayment of Loans; Evidence of Indebtedness. (a) The outstanding principal balance of all the Term Loans made by any Lender shall be due and payable on the Maturity Date.
(b) Each Lender shall maintain in accordance with its usual practice an account or accounts evidencing the Indebtedness to such Lender resulting from each Extension of Credit made by such Lender from time to time, including the amounts of principal and interest payable and paid to such Lender from time to time under this Agreement.
(c) The Agent shall maintain accounts in which it will record (i) the amount of each Extension of Credit made hereunder, the Type of each Loan made and the Interest Period applicable thereto, (ii) the amount of any principal or interest due and payable or to become due and payable from the Borrower to each Lender hereunder and (iii) the amount of any sum received by the Agent hereunder from the Borrower and each Lender’s share thereof.
(d) The entries made in the accounts maintained pursuant to subsections (b) and (c) above shall, to the extent permitted by Applicable Law, be prima facie evidence of the existence and amounts of the obligations therein recorded; provided, however, that the failure of any Lender or the Agent to maintain such accounts or any error therein shall not in any manner affect the obligations of the Borrower to repay the Loans in accordance with their terms.
Appears in 1 contract
Samples: Term Loan Credit Agreement (Oncor Electric Delivery Co LLC)
Repayment of Loans; Evidence of Indebtedness. (a) The outstanding principal balance of all Term Loans each Loan shall be due and payable on the last day of the Interest Period applicable thereto and on the Maturity Date.
(b) Each Lender shall maintain in accordance with its usual practice an account or accounts evidencing the Indebtedness indebtedness to such Lender resulting from each Extension of Credit Loan made by such Lender from time to time, including the amounts of principal and interest payable and paid to such Lender from time to time under this Agreement.
(c) The Administrative Agent shall maintain accounts in which it will record (i) the amount of each Extension of Credit Loan made hereunder, the Type of each Loan made and the Interest Period applicable thereto, (ii) the amount of any principal or interest due and payable or to become due and payable from the each Borrower to each Lender hereunder and (iii) the amount of any sum received by the Administrative Agent hereunder from the each Borrower and each Lender’s 's share thereof.
(d) The entries made in the accounts maintained pursuant to subsections paragraphs (b) and (c) above of this Section 2.06 shall, to the extent permitted by Applicable Lawapplicable law, be prima facie evidence of the existence and amounts of the obligations therein recorded; provided, however, that the failure of any Lender or the Administrative Agent to maintain such accounts or any error therein shall not in any manner affect the obligations of the Borrower Borrowers to repay the Loans in accordance with their terms.
Appears in 1 contract
Repayment of Loans; Evidence of Indebtedness. (a) The outstanding principal balance of all Term Loans each Loan shall be due and payable payable, and the Borrower unconditionally promises to pay such outstanding principal balance, on the Maturity last day of the Interest Period applicable thereto and on the Termination Date.
(b) Each Lender shall maintain in accordance with its usual practice an account or accounts evidencing the Indebtedness indebtedness to such Lender resulting from each Extension of Credit Loan made by such Lender from time to time, including the amounts of principal and interest payable and paid to such Lender from time to time under this Agreement.
(c) The Administrative Agent shall maintain accounts in which it will record (i) the amount of each Extension of Credit Loan made hereunder, the Type of each Loan made and the Interest Period applicable thereto, (ii) the amount of any principal or interest due and payable or to become due and payable from the Borrower to each Lender hereunder and (iii) the amount of any sum received by the Administrative Agent hereunder from the Borrower and each Lender’s 's share thereof.
(d) The entries made in the accounts maintained pursuant to subsections paragraphs (b) and (c) above of this Section 2.05 shall, to the extent permitted by Applicable Lawapplicable law, be prima facie evidence of the existence and amounts of the obligations therein recorded; provided, however, that the failure of any Lender or the Administrative Agent to maintain such accounts or any error therein shall not in any manner affect the obligations of the Borrower to repay the Loans in accordance with their terms.
Appears in 1 contract
Samples: Senior Secured Credit Agreement (Oncor Electric Delivery Co)
Repayment of Loans; Evidence of Indebtedness. (a) The outstanding principal balance of all the Term Loans Loan made by any Lender shall be due and payable on the Maturity Date.
(b) Each Lender shall maintain in accordance with its usual practice an account or accounts evidencing the Indebtedness to such Lender resulting from each Extension of Credit made by such Lender from time to time, including the amounts of principal and interest payable and paid to such Lender from time to time under this Agreement.
(c) The Agent shall maintain accounts in which it will record (i) the amount of each Extension of Credit made hereunder, the Type of each Loan made and the Interest Period applicable thereto, (ii) the amount of any principal or interest due and payable or to become due and payable from the Borrower to each Lender hereunder and (iii) the amount of any sum received by the Agent hereunder from the Borrower and each Lender’s share thereof.
(d) The entries made in the accounts maintained pursuant to subsections (b) and (c) above shall, to the extent permitted by Applicable Lawapplicable law, be prima facie evidence of the existence and amounts of the obligations therein recorded; provided, however, that the failure of any Lender or the Agent to maintain such accounts or any error therein shall not in any manner affect the obligations of the Borrower to repay the Loans in accordance with their terms.
Appears in 1 contract
Samples: Term Loan Credit Agreement (Oncor Electric Delivery Co LLC)
Repayment of Loans; Evidence of Indebtedness. (a) The outstanding principal balance of all Term Loans each (i) Eurodollar Loan shall be due and payable on the Maturity last day of the Interest Period applicable thereto and on the Commitment Termination Date and (ii) ABR Loan shall be due and payable on the Commitment Termination Date.
(b) Each Lender shall maintain in accordance with its usual practice an account or accounts evidencing the Indebtedness indebtedness to such Lender resulting from each Extension of Credit made by such Lender from time to time, including the amounts of principal and interest payable and paid to such Lender from time to time under this Agreement.
(c) The Agent shall maintain accounts in which it will record (i) the amount of each Extension of Credit made hereunder, the Type of each Loan made and the Interest Period applicable thereto, (ii) the amount of any principal or interest due and payable or to become due and payable from the each Borrower to each Lender hereunder and (iii) the amount of any sum received by the Agent hereunder from the each Borrower and each Lender’s share thereof.
(d) The entries made in the accounts maintained pursuant to subsections (b) and (c) above shall, to the extent permitted by Applicable Lawapplicable law, be prima facie evidence of the existence and amounts of the obligations therein recorded; provided, however, that the failure of any Lender or the Agent to maintain such accounts or any error therein shall not in any manner affect the obligations of the Borrower Borrowers to repay the Loans Outstanding Credits in accordance with their terms.
Appears in 1 contract
Repayment of Loans; Evidence of Indebtedness. (a) The outstanding principal balance of all Term Loans each Loan shall be due and payable on the Maturity Date.
(b) Each Lender shall maintain in accordance with its usual practice an account or accounts evidencing the Indebtedness indebtedness to such Lender resulting from each Extension of Credit Loan made by such Lender from time to time, including the amounts of principal and interest payable and paid to such Lender from time to time under this Agreement.
(c) The Administrative Agent shall maintain accounts in which it will record (i) the amount of each Extension of Credit Loan made hereunder, the Type of each Loan made and the Interest Period applicable thereto, if any, (ii) the amount of any principal or interest due and payable or to become due and payable from the Borrower to each Lender hereunder in respect of Loans and (iii) the amount of any sum received by the Administrative Agent hereunder from the Borrower and each Lender’s 's share thereof.
(d) The entries made in the accounts maintained pursuant to subsections paragraphs (b) and (c) above of this Section 2.05 shall, to the extent permitted by Applicable Lawapplicable law, be prima facie evidence of the existence and amounts of the obligations therein recorded; provided, however, that the failure of any Lender or the Administrative Agent to maintain such accounts or any error therein or an inconsistency between such accounts of a Lender and the accounts of the Administrative Agent shall not in any manner affect the obligations of the Borrower to repay the Loans in accordance with their terms.
Appears in 1 contract
Samples: Revolving Credit Facility Agreement (Lennox International Inc)
Repayment of Loans; Evidence of Indebtedness. (a) The outstanding principal balance of all Term Loans each Loan shall be due and payable on the last day of the Interest Period applicable thereto and on the Maturity Date.
(b) Each Lender shall maintain in accordance with its usual practice an account or accounts evidencing the Indebtedness indebtedness to such Lender resulting from each Extension of Credit Loan made by such Lender from time to time, including the amounts of principal and interest payable and paid to such Lender from time to time under this Agreement.
(c) The Agent shall maintain accounts in which it will record (i) the amount of each Extension of Credit made hereunder, the and Type of each Loan made hereunder and the Interest Period applicable thereto, (ii) the amount of any principal or interest due and payable or to become due and payable from the each Borrower to each Lender hereunder and (iii) the amount of any sum received by the Agent hereunder from the each Borrower and each Lender’s 's share thereof.
(d) The entries made in the accounts maintained pursuant to subsections paragraphs (b) and (c) above of this Section 2.05 shall, to the extent permitted by Applicable Lawapplicable law, be prima facie evidence of the existence and amounts of the obligations therein recorded; provided, however, that the failure of any Lender or the Agent to maintain such accounts or any error therein shall not in any manner affect the obligations of the Borrower Borrowers to repay the Loans in accordance with their terms.
Appears in 1 contract
Repayment of Loans; Evidence of Indebtedness. (a) The outstanding principal balance of all Term Loans shall be due and payable on the Maturity Date.
(b) Each Lender shall maintain in accordance with its usual practice an account or accounts evidencing the Indebtedness to such Lender resulting from each Extension of Credit made by such Lender from time to time, including the amounts of principal and interest payable and paid to such Lender from time to time under this Agreement.
(c) The Agent Lender shall maintain accounts in which it will record (i) the amount of each Extension of Credit made hereunder, the Type of each Loan made and the Interest Period applicable thereto, (ii) the amount of any principal or interest due and payable or to become due and payable from the Borrower to each Lender hereunder and (iii) the amount of any sum received by the Agent Lender hereunder from the Borrower and each Lender’s share thereof.
(d) The entries made in the accounts maintained pursuant to subsections (b) and (c) above shall, to the extent permitted by Applicable Law, be prima facie evidence of the existence and amounts of the obligations therein recorded; provided, however, that the failure of any Lender or the Agent to maintain such accounts or any error therein shall not in any manner affect the obligations of the Borrower to repay the Term Loans in accordance with their terms.
Appears in 1 contract
Samples: Term Loan Credit Agreement (Oncor Electric Delivery Co LLC)
Repayment of Loans; Evidence of Indebtedness. (a) The outstanding principal balance of all Term Loans each Loan shall be due and payable on the Maturity Date.
(b) Each Lender shall maintain in accordance with its usual practice an account or accounts evidencing the Indebtedness indebtedness to such Lender resulting from each Extension of Credit Loan made by such Lender from time to time, including the amounts of principal and interest payable and paid to such Lender from time to time under this Agreement.
(c) The Administrative Agent shall maintain accounts in which it will record (i) the amount of each Extension of Credit Loan made hereunder, the Type of each Loan made and the Interest Period applicable thereto, if any, (ii) the amount of any principal or interest due and payable or to become due and payable from the Borrower to each Lender hereunder and (iii) the amount of any sum received by the Administrative Agent hereunder from the Borrower and each Lender’s 's share thereof.
(d) The entries made in the accounts maintained pursuant to subsections paragraphs (b) and (c) above of this Section 2.05 shall, to the extent permitted by Applicable Lawapplicable law, be prima facie evidence of the existence and amounts of the obligations therein recorded; provided, however, that the failure of any Lender or the Administrative Agent to maintain such accounts or any error therein shall not in any manner affect the obligations of the Borrower to repay the Loans in accordance with their terms.
Appears in 1 contract
Samples: Advance Term Credit Agreement (Lennox International Inc)