Common use of Term Loan Account Clause in Contracts

Term Loan Account. The Bank shall maintain on its books a record of account in which the Bank shall make entries setting forth all payments made, the application of such payments to interest and principal, accrued and unpaid interest (if any) and the outstanding principal balance under the Term Loan (the "Term Loan Account"). The Bank shall provide the Borrower with a monthly statement of the Borrower's Term Loan Account, which statement shall be considered to be correct and conclusively binding on the Borrower unless the Borrower notifies the Bank to the contrary within 30 days after the Borrower's receipt of any such statement which it deems to be incorrect.

Appears in 4 contracts

Samples: Term Loan Agreement (Golden State Vintners Inc), Term Loan Agreement (Scheid Vineyards Inc), Term Loan Agreement (Scheid Vineyards Inc)

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Term Loan Account. The Bank shall maintain on its books a record of account in which the Bank shall make entries setting forth all payments made, the application of such payments to interest and principal, accrued and unpaid interest (if any) and the outstanding principal balance under the Term Loan (the "Term Loan Account"). The Bank shall provide the Borrower with a monthly statement of the Borrower's Term Loan Account, which statement shall be considered to be correct and conclusively binding on the Borrower unless the Bank is notified by the Borrower notifies the Bank to the contrary within 30 thirty (30) days after the Borrower's receipt of any such statement which it deems is deemed to be incorrect.

Appears in 2 contracts

Samples: Term Loan Agreement (Interactive Group Inc), Term Loan Agreement (Atg Inc)

Term Loan Account. The Bank shall maintain on its books a record of account in which the Bank shall make entries setting forth all payments made, the application of such payments to interest and principal, accrued and unpaid interest (if any) and the outstanding principal balance under the Term Loan (the "Term Loan Account"). The Bank shall provide the Borrower with a monthly statement of the Borrower's Term Loan Account, which statement shall be considered to be correct and conclusively binding on the Borrower unless the Borrower notifies the Bank to the contrary within 30 days after the Borrower's receipt of any such statement which it deems to be incorrect.

Appears in 1 contract

Samples: Line of Credit Agreement (Public Storage Properties Xiv Inc)

Term Loan Account. The Bank shall maintain on its books a record of account in which the Bank shall make entries setting forth all payments made, the application of such payments to interest and principal, accrued and unpaid interest (if any) and the outstanding principal balance under the Term Loan (the "Term Loan Account"). The Bank shall provide the Borrower with a monthly statement of the Borrower's Borrower Term Loan Account, which statement shall be considered to be correct and conclusively binding on the Borrower unless the Bank is notified by the Borrower notifies the Bank to the contrary within 30 thirty (30) days after the Borrower's receipt of any such statement which it deems is deemed to be incorrect.

Appears in 1 contract

Samples: Agricultural Credit Agreement (Scheid Vineyards Inc)

Term Loan Account. The Bank shall maintain on its books a record of account in which the Bank shall make entries setting forth all payments made, the application of such payments to interest and principal, accrued and unpaid interest (if any) and the outstanding principal balance under the Term Loan (the "Term Loan Account"). The Bank shall provide the Borrower with a monthly statement of the Borrower's Term Loan Account, which statement shall be considered to be correct and conclusively binding on the Borrower unless the Bank is notified by the Borrower notifies the Bank to the contrary within 30 thirty (30) days after the Borrower's receipt of any such statement which it deems is deemed to be incorrect.

Appears in 1 contract

Samples: Term Loan Agreement (Dove Audio Inc)

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Term Loan Account. The Bank shall maintain on its books a record of account in which the Bank shall make entries setting forth all payments made, the application of such payments to interest and principal, accrued and unpaid interest (if any) and the outstanding principal balance under the Term Loan (the "Term Loan Account"). The Bank shall provide the Borrower with a monthly statement of the Borrower's Term Loan Account, which statement shall be considered to be correct and conclusively binding on the Borrower unless the Borrower notifies the Bank to the contrary within 30 days after the Borrower's receipt of any such statement which it deems to be incorrect.

Appears in 1 contract

Samples: Term Loan Agreement (Golden State Vintners Inc)

Term Loan Account. The Bank shall maintain on its books a record of account in which the Bank shall make entries setting forth all payments made, the application of such payments to interest and principal, accrued and unpaid interest (if any) and the outstanding principal balance under the Term Loan (the "Term Loan AccountTERM LOAN ACCOUNT"). The Bank shall provide the Borrower with a monthly statement of the Borrower's Term Loan Account, which statement shall be considered to be correct and conclusively binding on the Borrower unless the Borrower notifies the Bank to the contrary within 30 thirty (30) days after the Borrower's receipt of any such statement which it deems to be incorrect.

Appears in 1 contract

Samples: Agricultural Credit Agreement (Scheid Vineyards Inc)

Term Loan Account. The Bank shall maintain on its books a record of account in which the Bank shall make entries setting forth all payments made, the application of such payments to interest and principal, accrued and unpaid interest (if any) and the outstanding principal balance under the Term Loan (the "Term Loan Account"). The Bank shall provide the Borrower with a monthly quarterly statement of the Borrower's Term Loan Account, which statement shall be considered to be correct and conclusively binding on the Borrower unless the Bank is notified by the Borrower notifies the Bank to the contrary within 30 thirty (30) days after the Borrower's receipt of any such statement which it deems is deemed to be incorrect.

Appears in 1 contract

Samples: Term Loan Agreement (Scheid Vineyards Inc)

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