Common use of Term Loan Account Clause in Contracts

Term Loan Account. The principal and the amounts of all payments on the Term Note shall be recorded by the Lender in the Term Loan Account of the Borrower. All statements regarding the Term Loan Account shall be deemed to be accurate absent manifest error or unless objected to by the Borrower within 30 days after receipt. The Borrower agrees to review each such statement promptly after receipt and to bring any errors or discrepancies to the Lender's attention promptly.

Appears in 6 contracts

Samples: Loan Agreement (MKS Instruments Inc), Loan Agreement (MKS Instruments Inc), Loan Agreement (MKS Instruments Inc)

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