Common use of Statements of Obligations Clause in Contracts

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.

Appears in 2 contracts

Samples: Loan and Security Agreement (Visualant Inc), Loan and Security Agreement (Great American Group, Inc.)

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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 after 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.

Appears in 2 contracts

Samples: Loan and Security Agreement (Orange 21 Inc.), Loan and Security Agreement (Mendocino Brewing Co Inc)

Statements of Obligations. On a monthly basis, Lender shall render monthly statements to Borrower of the Obligations, including principal, interest, fees, and including an itemization of all charges and expenses constituting Lender Expenses owing, and such statements shall be conclusively presumed to be correct and accurate and when acknowledged by Borrower in writing and, thereafter, shall constitute an account stated between Borrower and Lender unless, within thirty five (305) days following after receipt thereof by Borrower, Borrower shall have delivered deliver to Lender by registered or certified mail at its address specified hereinin Section 10, written objection thereto describing the error or errors contained in any such statements.

Appears in 1 contract

Samples: Loan Agreement (Cartoon Acquisition, Inc.)

Statements of Obligations. Lender On a monthly basis, People's shall render monthly statements to Borrower of the Obligations, including principal, interest, fees, and including an itemization of all charges and expenses constituting Lender People's Expenses owing, and such statements shall be conclusively presumed to be correct and accurate and constitute an account stated between Borrower and Lender People's unless, within thirty (30) days following after receipt thereof by Borrower, Borrower shall have delivered deliver to Lender People's by registered or certified mail at its address specified hereinin Section 12, written objection thereto describing the error or errors contained in any such statements.

Appears in 1 contract

Samples: Loan Agreement (Millbrook Press Inc)

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 after the quarter end 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.

Appears in 1 contract

Samples: Loan and Security Agreement (Vertical Branding, Inc.)

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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 hereinLender, pursuant to the terms of Section 15 hereof, written objection thereto describing the error or errors contained in any such statements.”

Appears in 1 contract

Samples: Loan and Security Agreement (Great American Group, Inc.)

Statements of Obligations. Lender shall render to Borrowers monthly statements to Borrower of the Obligations, including principal, interest, fees, and an itemization of all charges and expenses constituting Lender Expenses owing, and and, absent manifest error, such statements shall be conclusively presumed to be correct and accurate and constitute an account stated between Borrower Borrowers and Lender unless, within thirty sixty (3060) days following after receipt thereof by BorrowerBorrowers, Borrower shall have delivered Borrowers deliver to Lender by registered or certified mail at its address specified hereinin Section 12, written objection thereto describing the error or errors contained in any such statements.

Appears in 1 contract

Samples: Loan and Security Agreement (Pia Merchandising Services Inc)

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