Common use of Voluntary Prepayments and Reborrowings Clause in Contracts

Voluntary Prepayments and Reborrowings. The unpaid principal balance of the Revolving Credit Note at any time shall be the total amounts loaned or advanced thereunder by Lender, less the amount of payments or prepayments of principal made thereon by or for the account of Borrower. It is contemplated that by reason of prepayments thereon there may be times when no Indebtedness is owing thereunder; but notwithstanding such occurrences, the Revolving Credit Note and Security Instruments shall remain valid and be in full force and effect as to loans or advances made pursuant to and under the terms of the Revolving Credit Note subsequent to each such occurrence. All loans or advances and all payments or prepayments made thereunder on account of principal or interest may be evidenced by Lender, or any subsequent holder, maintaining in accordance with its usual practice an account or accounts evidencing the Indebtedness of Borrower resulting from all loans or advances and all payments or prepayments thereunder from time to time and the amounts of principal and interest payable and paid from time to time thereunder, in which event, in any legal action or proceeding in respect of the Revolving Credit Note, the entries made in such account or accounts shall be conclusive evidence of the existence and amounts of the obligations of Borrower therein recorded.

Voluntary Prepayments and Reborrowings. The unpaid principal balance of the Revolving Credit Note Facility at any time shall be the total amounts loaned or advanced thereunder by Lender, less the amount of payments or prepayments of principal made thereon by or for the account of BorrowerBorrowers. It is contemplated that by reason of prepayments thereon there may be times when no Indebtedness is Obligations are owing thereunder; but notwithstanding such occurrences, the Revolving Credit Note and Security Instruments other Loan Documents shall remain valid and be in full force and effect as to loans or advances Advances made pursuant to and under the terms of the Revolving Credit Note this Agreement subsequent to each such occurrence. All loans or advances and all payments or prepayments made thereunder on account of principal or interest may be evidenced by Lender, or any subsequent holder, maintaining in accordance with its usual practice an account or accounts evidencing the Indebtedness Obligations of Borrower Borrowers resulting from all loans or advances and all payments or prepayments thereunder from time to time and the amounts of principal and interest payable and paid from time to time thereunder, in which event, in any legal action or proceeding in respect of the Revolving Credit NoteFacility, the entries made in such account or accounts shall be conclusive evidence of the existence and amounts of the obligations of Borrower Borrowers therein recorded.

Voluntary Prepayments and Reborrowings. The unpaid principal balance of the Revolving Credit Note at any time shall be the total amounts loaned or advanced thereunder by the Lender, less the amount of payments or prepayments of principal made thereon by or for the account of Borrower. It is contemplated that by reason of prepayments thereon there may be times when no Indebtedness is owing thereunder; but notwithstanding such occurrences, the Revolving Credit Note and Security Instruments shall remain valid and be in full force and effect as to loans or advances made pursuant to and under the terms of the Revolving Credit Note subsequent to each such occurrence. All loans or advances and all payments or prepayments made thereunder on account of principal or interest may be evidenced by Lender, or any subsequent holder, maintaining in accordance with its usual practice an account or accounts evidencing the Indebtedness of the Borrower resulting from all loans or advances and all payments or prepayments thereunder from time to time and the amounts of principal and interest payable and paid from time to time thereunder, in which event, in any legal action or proceeding in respect of the Revolving Credit Note, the entries made in such account or accounts shall be conclusive evidence of the existence and amounts of the obligations of the Borrower therein recorded.

Voluntary Prepayments and Reborrowings. Borrower shall have the right to prepay Revolving Advances without premium or penalty, in whole or in part from time to time upon one (1) Business Day prior written notice to Xxxxxx. The unpaid principal balance of the Revolving Credit Note Notes at any time shall be the total amounts loaned or advanced thereunder by Lender, less the amount of payments or prepayments of principal made thereon by or for the account of Borrower. It is contemplated that by reason of prepayments thereon there may be times when no Indebtedness is owing thereunder; but notwithstanding such occurrences, the Revolving Credit Note Notes and Security Instruments shall remain valid and be in full force and effect as to loans or advances made pursuant to and under the terms of the Revolving Credit Note Notes subsequent to each such occurrence. All loans or advances and all payments or prepayments made thereunder on account of principal or interest may be evidenced by LenderXxxxxx, or any subsequent holder, maintaining in accordance with its usual practice an account or accounts evidencing the Indebtedness of Borrower resulting from all loans or advances and all payments or prepayments thereunder from time to time and the amounts of principal and interest payable and paid from time to time thereunder, in which event, in any legal action or proceeding in respect of the Revolving Credit NoteNotes, the entries made in such account or accounts shall be conclusive evidence of the existence and amounts of the obligations of Borrower therein recordedrecorded (absent manifest error).

Voluntary Prepayments and Reborrowings. The unpaid principal balance of the Revolving Credit Note Notes of any Borrower at any time shall be the total amounts loaned or advanced thereunder by Lender, less the amount of payments or prepayments of principal made thereon by or for the account of such Borrower. It is contemplated that by reason of prepayments thereon there may be times when no Indebtedness is owing thereunderunder any Inventory Note; but notwithstanding such occurrences, the Revolving Credit such Inventory Note and Security Instruments shall remain valid and be in full force and effect as to loans or advances made pursuant to any Inventory Loan Reload thereunder and under the terms of the Revolving Credit Note thereof subsequent to each such occurrence. All loans or advances and all payments or prepayments made thereunder on account of principal or interest may be evidenced by Lender, or any subsequent holder, maintaining in accordance with its usual practice an account or accounts evidencing the Indebtedness of Borrower the Borrowers resulting from all loans or advances and all payments or prepayments thereunder from time to time and the amounts of principal and interest payable and paid from time to time thereunder, in which event, in any legal action or proceeding in respect of the Revolving Credit Note, the entries made in such account or accounts shall be conclusive evidence of the existence and amounts of the obligations of Borrower the Borrowers therein recorded.

Voluntary Prepayments and Reborrowings. The unpaid principal balance of the Revolving Credit Note at any time shall be the total amounts loaned or advanced thereunder by Lender, less the amount of payments or prepayments of principal made thereon by or for the account of Borrower. It is contemplated that by reason of prepayments thereon there may be times when no Indebtedness is amounts are owing thereunder; under the Note, but notwithstanding such occurrences, the Revolving Credit Note Note, this Loan Agreement, and all other Security Instruments shall remain valid and be in full force and effect as to loans or advances made pursuant to and under the terms of this Loan Agreement and the Revolving Credit Note subsequent to each such occurrence. All loans or advances Advances and all payments or prepayments made thereunder on account of principal or interest may be evidenced by Lender, or any subsequent holderholder of the Note, maintaining in accordance with its usual practice an account or accounts evidencing the Indebtedness indebtedness of Borrower resulting from all loans or advances Advances and all payments or prepayments thereunder from time to time and the amounts of principal and interest payable and paid from time to time thereunder, in which event, in any legal action or proceeding in respect of the Revolving Credit Note, the entries made in such account or accounts shall be conclusive prima facie evidence of the existence and amounts of the obligations of Borrower therein recorded.

Voluntary Prepayments and Reborrowings. The unpaid principal balance of the Revolving Credit Note Facility at any time shall be the total amounts loaned or advanced thereunder including all Advances made by LenderLxxxxx, less the amount of payments or prepayments of principal made thereon by or for the account of BorrowerBxxxxxxx. It is contemplated that by reason of prepayments thereon there may be times when no Indebtedness is Obligations are owing thereunderunder this Agreement; but notwithstanding such occurrences, the Revolving Credit Note this Agreement and Security Instruments any other Loan Documents shall remain valid and be in full force and effect as to loans or advances Advances made pursuant to and under the terms of the Revolving Credit Note this Agreement subsequent to each such occurrence. All loans or advances loans, Advances and all payments or prepayments made thereunder on account of principal or interest may be evidenced by LenderLxxxxx, or any subsequent holder, maintaining pursuant to the methods of Accountings in accordance with its usual practice an account or accounts Section 2.01(b)(iii) evidencing the Indebtedness Obligations of Borrower resulting from all loans or advances Advances and all payments or prepayments thereunder from time to time and the amounts of principal and interest payable and paid from time to time thereundertime, in which event, in any legal action or proceeding in respect of the Revolving Credit NoteFacility, the entries made in such account or accounts Accountings shall be conclusive evidence of the existence and amounts of the obligations Obligations of Borrower therein recorded, absent manifest error.