Common use of Statement of Account Clause in Contracts

Statement of Account. If Bank provides Borrower with a statement of account on a periodic basis, such statement will be presumed complete and accurate and will be definitive and binding on Borrower, unless objected to with specificity by Borrower in writing within forty-five (45) days after receipt.

Appears in 12 contracts

Samples: Non Revolving Credit and Security Agreement (Unilife Corp), Loan and Security Agreement (Primo Water Corp), Revolving Credit and Security Agreement (Intelligroup Inc)

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Statement of Account. If Bank Lender provides Borrower with a statement of account on a periodic basis, such statement will be presumed complete and accurate and will be definitive and binding on Borrower, unless objected to with specificity by Borrower in writing within forty-five ten (4510) days Business Days after receipt.

Appears in 3 contracts

Samples: Revolving Credit Agreement (Cesca Therapeutics Inc.), Revolving Credit Agreement (Cesca Therapeutics Inc.), Credit and Security Agreement (Innovaro, Inc.)

Statement of Account. If Bank Lender provides Borrower with a statement of account on a periodic basis, such statement will be presumed complete and accurate and will be definitive and binding on Borrower, unless objected to with specificity by Borrower in writing within forty-five (45) days after receipt.

Appears in 3 contracts

Samples: Master Loan Agreement (Asbury Automotive Group Inc), Master Loan Agreement (Asbury Automotive Group Inc), Loan and Security Agreement (Cpac Inc)

Statement of Account. If any Bank provides Borrower with a statement of account on a periodic basis, such statement will be presumed complete and accurate and will be definitive and binding on Borrower, unless objected to with specificity by Borrower in writing within forty-five (45) days after receipt.

Appears in 2 contracts

Samples: Revolving Credit and Security Agreement (Sri Surgical Express Inc), And Security Agreement (Sri Surgical Express Inc)

Statement of Account. If Bank provides Borrower with a statement of account on a periodic basis, such statement will be presumed complete and accurate and will be definitive and binding on Borrower, unless objected to with specificity by Borrower in writing within forty-five thirty (4530) days after receipt.

Appears in 2 contracts

Samples: Credit and Security Agreement (Sancilio Pharmaceuticals Company, Inc.), Credit and Security Agreement (Sancilio Pharmaceuticals Company, Inc.)

Statement of Account. If Bank provides Borrower with a statement of account on a periodic basis, such statement will be presumed complete and accurate accurate, except as to any manifest error by Bank in the computation of amounts paid by Borrower, and will be definitive and binding on Borrower, unless objected to with specificity by Borrower in writing within forty-five (45) days after receipt.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Imrglobal Corp), Credit and Security Agreement (Digital Lightwave Inc)

Statement of Account. If Bank provides Borrower Borrowers with a statement of account on a periodic basis, such statement will be presumed complete and accurate and will be definitive and binding on BorrowerBorrowers, unless objected to with specificity by Borrower Borrowers in writing within forty-five (45) days after receipt.

Appears in 1 contract

Samples: Loan and Security Agreement (JPS Industries Inc)

Statement of Account. If Bank Lenders provides Borrower with a statement of account on a periodic basis, such statement will be presumed complete and accurate and will be definitive and binding on Borrower, unless objected to with specificity by Borrower in writing within forty-five (45) days after receipt.

Appears in 1 contract

Samples: Second Lien Term Loan and Security Agreement (Innotrac Corp)

Statement of Account. If a Bank provides Borrower with a statement of account on a periodic basis, such statement will be presumed complete and accurate and will be definitive and binding on Borrower, unless objected to with specificity by Borrower in writing within forty-five (45) days after receipt.

Appears in 1 contract

Samples: Subordination Agreement (Video Display Corp)

Statement of Account. If requested by Borrower and Bank provides Borrower with a statement of account on a periodic basis, such statement will be presumed complete and accurate and will be definitive and binding on Borrower, unless objected to with specificity by Borrower in writing within forty-five (45) days after receipt.

Appears in 1 contract

Samples: And Security Agreement (Home Diagnostics Inc)

Statement of Account. If No less frequently than quarterly, Bank provides shall provide Borrower with a statement of account on a periodic basis, such statement will be presumed complete and accurate and will be definitive and binding on Borrower, unless objected to with specificity by Borrower in writing within forty-five (45) days after receipt.

Appears in 1 contract

Samples: Credit and Security Agreement (JPS Industries Inc)

Statement of Account. If Bank provides Borrower with a statement -------------------- of account with respect to the Revolving Loan on a periodic basis, such statement will be presumed complete and accurate and will be definitive and binding on Borrower, unless objected to with specificity by Borrower in writing within forty-five sixty (4560) days after receipt, and absent manifest error.

Appears in 1 contract

Samples: Loan and Security Agreement (Bradley Pharmaceuticals Inc)

Statement of Account. If Bank provides Borrower Borrowers' Representative with a statement of account on a periodic basis, such statement will be presumed complete and accurate and will be definitive and binding on BorrowerBorrowers, unless objected to with specificity by Borrower Borrowers' Representative in writing within forty-five (45) days after receipt.

Appears in 1 contract

Samples: Loan and Security Agreement (Proxymed Inc /Ft Lauderdale/)

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Statement of Account. If Bank provides Borrower Borrowers with a statement of account on a periodic basis, such statement will be presumed complete and accurate and will be definitive and binding on BorrowerBorrowers, unless objected to with specificity by Borrower Agent in writing within forty-five sixty (4560) days after receipt.

Appears in 1 contract

Samples: Loan and Security Agreement (Emerson Radio Corp)

Statement of Account. If Bank provides Borrower Company with a statement of account on a periodic basis, such statement will be presumed complete and accurate and will be definitive and binding on BorrowerCompany, unless objected to with specificity by Borrower Company in writing within forty-five (45) days after receipt.

Appears in 1 contract

Samples: Credit and Reimbursement Agreement (Aaron Rents Inc)

Statement of Account. If Bank Lender provides Borrower with a statement of account on a periodic basis, such statement will be presumed complete and accurate accurate, absent manifest error, and will be definitive and binding on Borrower, unless objected to with specificity by Borrower in writing within forty-five (45) days after receipt.

Appears in 1 contract

Samples: And Security Agreement (DT Acceptance Corp)

Statement of Account. If Bank Lender provides Borrower with a statement of account on a periodic basis, such statement will be presumed complete and accurate and will be definitive and binding on Borrower, unless objected to with specificity by Borrower in writing within forty-five thirty (4530) days after receipt.

Appears in 1 contract

Samples: Revolving Credit and Security Agreement (Corgenix Medical Corp/Co)

Statement of Account. If Bank provides Borrower with a loan statement of account on a periodic basis, such statement will be presumed complete and accurate and will be definitive and binding on BorrowerBorrower absent manifest mathematical error, unless objected to with specificity by Borrower in writing within forty-five (45) days after receipt.

Appears in 1 contract

Samples: Loan Credit Agreement (Farrel Corp)

Statement of Account. If Bank provides Borrower with a statement -------------------- of account with respect to the Acquisition Loan on a periodic basis, such statement will be presumed complete and accurate and will be definitive and binding on Borrower, unless objected to with specificity by Borrower in writing within forty-five sixty (4560) days after receiptreceipt and absent manifest error.

Appears in 1 contract

Samples: Loan and Security Agreement (Bradley Pharmaceuticals Inc)

Statement of Account. If Bank Lender provides Borrower with a statement of account on a periodic basis, such statement will be presumed complete and accurate and will be definitive and binding on Borrower, unless objected to with specificity by Borrower in writing within forty-five (455) days Business Days after receipt.

Appears in 1 contract

Samples: Credit Agreement (LMF Acquisition Opportunities Inc)

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