Common use of Statements of Account Clause in Contracts

Statements of Account. Administrative Agent will account to Borrower Representative monthly with a statement of Loans, charges and payments made pursuant to this Agreement during the immediately preceding month, and such account rendered by Administrative Agent shall be deemed final, binding and conclusive upon Borrowers absent demonstrable error unless Administrative Agent is notified by Borrowers in writing to the contrary within thirty (30) days of the date each accounting is received by Borrowers. Such notice shall be deemed an objection only to those items specifically objected to therein.

Appears in 4 contracts

Samples: Loan, Security and Guaranty Agreement (Quest Resource Holding Corp), Loan, Security and Guaranty Agreement (Quest Resource Holding Corp), Loan, Security and Guaranty Agreement (Quest Resource Holding Corp)

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Statements of Account. Administrative Agent will account to Borrower Representative monthly with a statement of Loans, charges and payments made pursuant to this Agreement during the immediately preceding month, and such account rendered by Administrative Agent shall be deemed final, binding and conclusive upon Borrowers absent demonstrable error unless Administrative Agent is notified by Borrowers Borrower Representative in writing to the contrary within thirty (30) 30 days of the date each accounting is received by BorrowersBorrower Representative. Such notice shall only be deemed an objection only to those items specifically objected to therein.

Appears in 3 contracts

Samples: Loan and Security Agreement (Channell Commercial Corp), Loan and Security Agreement (Celadon Group Inc), Loan and Security Agreement (Channell Commercial Corp)

Statements of Account. Administrative Agent will account to Borrower Representative monthly with a statement of Loans, charges charges, and payments made pursuant to this Agreement during the immediately preceding monthAgreement, and such account accounting rendered by Administrative Agent shall be deemed final, binding and conclusive upon Borrowers absent demonstrable error Borrower unless Administrative Agent is notified by Borrowers Borrower in writing to the contrary within thirty (30) 30 days of the date each accounting is received by Borrowersmailed to Borrower. Such notice only shall be deemed an objection only to those items specifically objected to therein.

Appears in 2 contracts

Samples: Loan and Security Agreement (Questron Technology Inc), Loan and Security Agreement (Questron Technology Inc)

Statements of Account. Administrative Agent will account to Borrower Representative monthly with a statement of Loans, charges and payments made pursuant to this Agreement during the immediately preceding month, and such account rendered by Administrative Agent shall be deemed final, binding and conclusive upon Borrowers absent demonstrable or manifest error unless Administrative Agent is notified by Borrowers in writing to the contrary within thirty (30) days of the date each accounting is received by Borrowers. Such notice shall be deemed an objection only to those items specifically objected to therein.

Appears in 1 contract

Samples: Loan and Security Agreement (Ani Pharmaceuticals Inc)

Statements of Account. Administrative Agent will account to each Borrower Representative monthly with a statement of Loans, charges and payments made pursuant to this Agreement during the immediately preceding month, and such account rendered by Administrative Agent shall be deemed final, binding and conclusive upon Borrowers each Borrower absent demonstrable error unless Administrative Agent is notified by Borrowers either Borrower in writing to the contrary within thirty (30) 30 days of the date each accounting is received by Borrowerssuch Borrower. Such notice shall only be deemed an objection only to those items specifically objected to therein.

Appears in 1 contract

Samples: Loan and Security Agreement (Anchor Lamina Inc)

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Statements of Account. Administrative Agent will account to Borrower Representative Borrowers monthly with a statement of Loans, charges and payments made pursuant to this Agreement during the immediately preceding month, and such account rendered by Administrative Agent shall be deemed final, binding and conclusive upon Borrowers absent demonstrable error unless Administrative Agent is notified by Borrowers in writing to the contrary within thirty (30) 45 days of the date each accounting is received by Borrowers. Such notice shall only be deemed an objection only to those items specifically objected to therein.

Appears in 1 contract

Samples: Loan and Security Agreement (Nes Rentals Holdings Inc)

Statements of Account. The Administrative Agent will account to the Borrower Representative monthly quarterly with a statement of Loans, outstanding Letters of Credit, accrued interest and Fees, charges and payments made pursuant to this Agreement during and the immediately preceding monthother Loan Documents, and such account rendered by the Administrative Agent shall be deemed final, binding and conclusive upon Borrowers absent demonstrable error Borrower unless the Borrower notifies the Administrative Agent is notified by Borrowers in writing to the contrary within thirty (30) days of after the date each accounting is received by Borrowers. Such notice shall be deemed an objection only to those items specifically objected to therein.date

Appears in 1 contract

Samples: Credit Agreement (Asa Holdings Inc)

Statements of Account. Administrative Agent will account to Borrower Representative Borrowers monthly with a statement of LoansRevolving Credit Loans and the Term Loan B, the respective charges and payments made pursuant to this Agreement during the immediately preceding month, and such account accounts rendered by Administrative Agent shall be deemed final, binding and conclusive upon Borrowers absent demonstrable error unless Administrative Agent is notified by Borrowers Borrower Representative in writing to the contrary within thirty (30) 30 days of the date each accounting is received by BorrowersBorrower Representative. Such notice shall only be deemed an objection only to those items specifically objected to therein.

Appears in 1 contract

Samples: Loan and Security Agreement (Jacuzzi Brands Inc)

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