Common use of The Loan Account Clause in Contracts

The Loan Account. Newco shall maintain a loan account on its books in ---------------- which shall be recorded all advances under the Loans (collectively, "Advances") made by Newco to Company pursuant to this Agreement, and all payments made by Company with respect to the Loans; provided, however, that failure to maintain such account or record any advances therein shall not relieve Company of its obligations to repay the outstanding principal amount of the Loans, all accrued interest thereon, and any amount payable with respect thereto in accordance with the terms of this Agreement and the Notes.

The Loan Account. Newco shall maintain a loan account on its books in ---------------- which shall be recorded all advances under the Loans (collectively, "Advances") made by Newco to the Company pursuant to this Agreement, and all payments made by the Company with respect to the Loans; provided, however, that failure to maintain such account or record any advances therein shall not relieve the Company of its obligations to repay the outstanding principal amount of the Loans, all accrued interest thereon, and any amount payable with respect thereto in accordance with the terms of this Agreement and the Notes.

The Loan Account. Newco shall maintain a loan account on its books in ---------------- which shall be recorded all advances under the Loans (collectively, "Advances") made by Newco to the Company pursuant to this Agreement, and all payments made by the Company with respect to the Loans; provided, however, that failure to maintain such account or record any advances therein shall not relieve the Company of its obligations to repay the outstanding principal amount of the Loans, all accrued interest thereon, and any amount payable with respect thereto in accordance with the terms of this Agreement and the Notes.