Common use of Statements Regarding Customer's Account Clause in Contracts

Statements Regarding Customer's Account. IBM Credit will send statements of each transaction hereunder as well as monthly billing statements to Customer with respect to Advances and other charges due on Customer's account with IBM Credit. Each statement of transaction and monthly billing statement shall be deemed, absent manifest error, to be correct and shall constitute an account stated with respect to each transaction or amount described therein unless within seven (7) calendar days after such statement of transaction or billing statement is received by Customer, Customer provides IBM Credit written notice objecting that such amount or transaction is incorrectly described therein and specifying the error(s), if any, contained therein. IBM Credit may at any time adjust such statements of transaction or billing statements to comply with applicable law and this Agreement.

Appears in 8 contracts

Samples: Working Capital Financing and Term Loan Agreement (Ibm Credit Corp), Inventory and Working Capital Financing Agreement (Xlconnect Solutions Inc), Inventory and Working Capital Financing Agreement (Ameriquest Technologies Inc)

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Statements Regarding Customer's Account. IBM Credit will send statements of each transaction hereunder as well as monthly billing statements to Customer with respect to Advances and other charges due on Customer's account with IBM Credit. Each statement of transaction and monthly billing statement shall be deemed, absent manifest error, to be correct and shall constitute an account stated with respect to each transaction or amount described therein unless within seven (7) calendar days Business Days after such statement of transaction or billing statement is received by Customer, Customer provides IBM Credit written notice objecting that such amount or transaction is incorrectly described therein and specifying the error(s), if any, contained therein. IBM Credit may at any time adjust such statements of transaction or billing statements to comply with applicable law and this Agreement.

Appears in 4 contracts

Samples: Inventory and Working Capital Financing Agreement (Litronic Inc), Financing Agreement (Western Micro Technology Inc), Inventory and Working Capital Financing Agreement (Litronic Inc)

Statements Regarding Customer's Account. IBM Credit will send statements of each transaction hereunder as well as monthly billing statements to Customer with respect to Advances and other charges due on Customer's account with IBM Credit. Each statement of transaction and monthly billing statement shall be deemed, absent manifest error, to be correct and shall constitute an account stated with respect to each transaction or amount described therein unless within seven (7) calendar days after such statement of transaction or billing statement is received by Customer, Customer provides IBM Credit written notice objecting that such amount or transaction is incorrectly described therein and specifying the error(s), if any, contained therein. IBM Credit may at any time will adjust such statements of transaction or billing statements to comply with applicable law and this AgreementAgreement or to correct any agreed upon error within a reasonable time period provided that Customer has notified IBM Credit of such error as set forth above.

Appears in 1 contract

Samples: Inventory Financing Agreement (Compucom Systems Inc)

Statements Regarding Customer's Account. IBM Credit will send statements of each transaction hereunder as well as monthly billing statements to Customer with respect to Advances and other charges due on Customer's account with IBM Credit. Each statement of transaction and monthly billing statement shall be deemed, absent manifest error, to be correct and shall constitute an account stated with respect to each transaction or amount described therein unless within seven fourteen (714) calendar days after such statement of transaction or billing statement is received by Customer, Customer provides IBM Credit written notice objecting that such amount or transaction is incorrectly described therein and specifying the error(s), if any, contained therein. IBM Credit may at any time adjust such statements of transaction or billing statements to comply with applicable law and this Agreement. IBM Credit shall use commercially reasonable efforts to send such monthly billing statements to Customer no later than the tenth (10th) Business Day of each month.

Appears in 1 contract

Samples: Financing Agreement (En Pointe Technologies Inc)

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Statements Regarding Customer's Account. IBM Credit will send statements of each transaction hereunder as well as monthly billing statements to Customer the Customers with respect to Advances and other charges due on Customer's Customers' account with IBM Credit. Each statement of transaction and monthly billing statement shall be deemed, absent manifest error, to be correct and shall constitute an account stated with respect to each transaction or amount described therein unless within seven fourteen (714) calendar days after such statement of transaction or billing statement is received by Customerthe Customers, Customer provides the Customers provide IBM Credit written notice objecting that such amount or transaction is incorrectly described therein and specifying the error(s), if any, contained therein. IBM Credit may at any time adjust such statements of transaction or billing statements to comply with applicable law and this Agreement.

Appears in 1 contract

Samples: Inventory and Working Capital Financing Agreement (Savoir Technology Group Inc/De)

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