Revolving Loan Account. An account shall be opened on the books of Bank in which account a record will be kept of all Revolving Loans, and all payments thereon and other appropriate debits and credits as provided by this Agreement. No failure by the Bank to make and no error by the Bank in making, any entry in such books will affect the Borrower’s obligation to repay the full principal amount advanced by the Bank to or for the account of the Borrower, or the Borrower’s obligation to pay interest thereon at the agreed upon rate.
Appears in 3 contracts
Samples: Loan and Security Agreement (Chembio Diagnostics, Inc.), Loan Agreement (Rackable Systems, Inc.), Loan and Security Agreement (Chembio Diagnostics, Inc.)
Revolving Loan Account. An account of the Borrowers shall be opened on the books of Bank in which account (the “Revolving Loan Account”) a record will be kept of all Revolving LoansLoans to the Borrowers, and all payments thereon and other appropriate debits and credits as provided by this Agreement. No failure by of the Bank to make make, and no error by the Bank in making, any entry in such books will affect the Borrower’s Borrowers’ obligation to repay the full principal amount advanced by the Bank to or for the account of the Borrower, Borrowers or the Borrower’s Borrowers’ obligation to pay interest thereon at the agreed upon rate.
Appears in 2 contracts
Samples: Loan Modification Agreement (Coffee Holding Co Inc), Loan Modification Agreement (Coffee Holding Co Inc)
Revolving Loan Account. An account of the Borrower shall be opened on the books of the Bank in which account (the “Revolving Loan Account”) a record will be kept of all Revolving Loans, and all payments thereon and other appropriate debits and credits as provided by this Agreement. No failure by of the Bank to make make, and no error by the Bank in making, any entry in such books will affect the Borrower’s obligation to repay the full principal amount advanced by the Bank to or for the account of the Borrower, Borrower or the Borrower’s obligation to pay interest thereon at the agreed upon rate.
Appears in 1 contract
Samples: Loan and Security Agreement (Medallion Financial Corp)
Revolving Loan Account. An account of the Borrower shall be opened on the books of Bank in which account (the “Revolving Loan Account”) a record will be kept of all Revolving Loans, and all payments thereon and other appropriate debits and credits as provided by this Agreement. No failure by of the Bank to make make, and no error by the Bank in making, any entry in such books will affect the Borrower’s obligation to repay the full principal amount advanced by the Bank to or for the account of the Borrower, Borrower or the Borrower’s obligation to pay interest thereon at the agreed upon rate.
Appears in 1 contract
Samples: Credit Agreement (1847 Holdings LLC)
Revolving Loan Account. An account shall be opened on the books of Bank in which account a record will be kept of all Revolving Loans, and all payments thereon and other appropriate debits and credits as provided by this Agreement. No failure by the Bank to make and no error by the Bank in making, any entry in such books will affect the Borrower’s 's obligation to repay the full principal amount advanced by the Bank to or for the account of the Borrower, or the Borrower’s 's obligation to pay interest thereon at the agreed upon rate.
Appears in 1 contract
Samples: Loan and Security Agreement (Chembio Diagnostics, Inc.)