Common use of Statements of account conclusive Clause in Contracts

Statements of account conclusive. Any statement of account, signed as correct by an officer of the Security Agent, showing the amount of the Guaranteed Liabilities shall, in the absence of manifest error, be prima facie evidence against the Guarantor.

Appears in 3 contracts

Samples: Loan Agreement (Poseidon Containers Holdings Corp.), Supplemental Agreement (Diana Shipping Inc.), Loan Agreement (DryShips Inc.)

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Statements of account conclusive. Any statement of account, signed as correct by an officer of the Security Agent, showing the amount of the Guaranteed Liabilities shall, in the absence of manifest error, be prima facie conclusive evidence against the each Guarantor.

Appears in 2 contracts

Samples: On Delivery Facility Agreement (Paragon Shipping Inc.), On Delivery Buyer Credit Facility Agreement (DryShips Inc.)

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Statements of account conclusive. Any statement of account, signed as correct by an officer of the Security Agent, showing the amount of the Guaranteed Liabilities shall, in the absence of manifest error, be prima facie evidence binding and conclusive on and against the Guarantor.

Appears in 2 contracts

Samples: Loan Agreement (Quintana Shipping Ltd.), Loan Agreement (Quintana Shipping Ltd.)

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