Statements of Obligations Sample Clauses

Statements of Obligations. Foothill shall render statements to Borrower of the Obligations, including principal, interest, fees, and including an itemization of all charges and expenses constituting Foothill Expenses owing, and such statements shall be conclusively presumed to be correct and accurate and constitute an account stated between Borrower and Foothill unless, within thirty (30) days after receipt thereof by Borrower, Borrower shall deliver to Foothill by registered or certified mail at its address specified in Section 12, written objection thereto describing the error or errors contained in any such statements.
AutoNDA by SimpleDocs
Statements of Obligations. Lender shall render monthly statements to Borrower of the Obligations, including principal, interest, fees, and an itemization of all charges and expenses constituting Lender Expenses owing, and such statements shall be conclusively presumed to be correct and accurate and constitute an account stated between Borrower and Lender unless, within thirty (30) days following receipt thereof by Borrower, Borrower shall have delivered to Lender by registered or certified mail at its address specified herein, written objection thereto describing the error or errors contained in any such statements.
Statements of Obligations. 16 2.8 Fees . . . . . . . . . . . . . . . . . . . . . . . . 16
Statements of Obligations. The Loans and Borrowers’ obligation to repay the same shall be evidenced by this Agreement and the books and records of Bank. Bank shall render monthly statements of the Loans to Borrowers, including statements of all principal and interest owing on the Loans, and all Fees and Expenses owing, and such statements shall be presumed to be correct and accurate and constitute an account stated between Borrowers and Bank unless, within 30 days after receipt thereof by Borrowers, Administrative Borrower delivers to Bank, at the address specified in Section 8.1, written objection thereof specifying the error or errors, if any, contained in any such statement.
Statements of Obligations. (a) The Agent, on behalf of the Lenders, shall record on its books and records the amount of each Advance made, the interest rate applicable, all payments of principal and interest thereon and the principal balance thereof from time to time outstanding. The Agent shall deliver to Borrower on a monthly basis a loan statement setting forth the amount of the principal balance of the Advances and the interest payment due on the next interest payment date. Such record and such loan statement shall, absent manifest error, be conclusive evidence of the amount of the Advances made by the Lenders to Borrower and the interest and payments thereon unless, within thirty (30) calendar days after Borrower’s request to inspect such record or Borrower’s receipt of a loan statement, as applicable. Borrower shall deliver to the Agent written objection thereto describing the error or errors contained in such record or loan statement, as applicable. Any failure to so record or any error in doing so, or any failure to deliver such loan statement shall not, however, limit or otherwise affect the obligation on Borrower hereunder (or under any Note) to pay any amount owing with respect to the Advances or provide the basis for any claim against the Agent. (b) The Agent, acting as a non-fiduciary agent of Borrower solely with respect to the actions described in this Section 2.8(b) shall establish and maintain at its address referred to in Section 12 (or at such other U.S. address as the Agent may notify Borrower) (A) a record of ownership (the “Register”) in which the Agent agrees to register by book entry the interests (including any rights to receive payment hereunder) of each Lender in the Advances, each of their obligations under this Agreement to participate in each Advance, and any assignment of any such interest, obligation or right and (B) accounts in the Register in which it shall record (1) the names and addresses of the Lenders (and each change thereto pursuant to Section 14.1, (2) the Subsequent Advance Commitments of each Lender, (3) the amount of each Advance and each funding of any participation described in clause (A) above, (4) the amount of any principal amounts of (and stated interest on) each Advance owing to each Lender pursuant to the terms hereof from time to time, and (5) any other payment received by the Agent from Borrower and its application to the Obligations. The entries in the Register shall be conclusive absent manifest error. (c) Notwithstanding anyt...
Statements of Obligations. 14 2.8 Fees............................................................. 14
Statements of Obligations. The Loans and Borrower’s obligation to repay the same shall be evidenced by the Loan Documents and the books and records of Lender. Lender shall render monthly statements of the Loans to Borrower as provided hereinafter, including statements of all principal and interest owing on the Loans, and all Fees and Expenses owing, and such statements shall be presumed to be correct and accurate and constitute an account stated between Borrower and Lender’s unless, within thirty (30) days after receipt thereof by Borrower, Borrower delivers to Lender, at the address specified in Section 9.1, written objection thereof specifying the error or errors, if any, contained in any such statement.
AutoNDA by SimpleDocs
Statements of Obligations. The Lender shall periodically render statements regarding the Obligations to the Administrative Borrower, including principal, interest, fees, and including an itemization of charges and expenses constituting Lender Expenses owing, and such statements shall be conclusively presumed to be correct and accurate and constitute an account stated between the Borrowers and the Lender unless, within 30 days after receipt thereof by the Administrative Borrower, the Administrative Borrower shall deliver to the Lender written objections thereto describing the error or errors contained in any such statements.
Statements of Obligations. Alliance may render statements to Borrower of the Obligations, including principal, interest, fees, and including an itemization of all charges and expenses constituting Alliance Expenses owing, and such statements shall be conclusively presumed to be correct and accurate, absent manifest error and constitute an account stated between Borrower and Alliance unless, within forty-five (45) days after receipt thereof by Borrower, Borrower shall deliver to Alliance written objection thereto describing the error or errors contained in any such statements.
Statements of Obligations. Upon request from the Borrower, Lenders will provide Borrower with a statement regarding its Obligations, including principal, interest, fees and an itemization of all charges and expenses constituting Lenders Expenses owing, and such information shall be conclusively presumed to be correct and accurate and constitute an account stated between Borrower and Lenders unless, within thirty (30) days following any such information first becoming available to Borrower, Borrower shall have delivered to Lenders by registered or certified mail at its address specified herein, written objection thereto describing the error or errors contained in such applicable information.
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!