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The Loan
The Loan contract clause examples

Borrowers’ Loan Accounts. Administrative Agent shall maintain one or more loan account(s) on its books in which shall be recorded # all Loans, Letter of Credit Accommodations and other Obligations and the Collateral, # all payments made by or on behalf of any Borrower or Guarantor and # all other appropriate debits and credits as provided in this Agreement, including fees, charges, costs, expenses and interest. All entries in the loan account(s) shall be made in accordance with Administrative Agent’s customary practices as in effect from time to time.

Loan Accounts of Administrative Agent. The Administrative Agent shall maintain accounts in which it shall record # the amount of each Loan and Borrowing made hereunder, the Type thereof, the currency in which such Loan is denominated, the Interest Period and applicable interest rate and, in the case of a Swing Loan, the Swing Loan Maturity Date applicable thereto, # the amount and other details with respect to each Letter of Credit issued hereunder, # the amount of any principal due and payable or to become due and payable from the Borrower to each Lender hereunder, # the amount of any sum received by the Administrative Agent hereunder for the account of the Lenders and each Lender’s share thereof, and # the other details relating to the Loans, Letters of Credit and other Obligations.

The Administrative Agent shall maintain accounts in which it will record # the amount of each Loan made to each Borrower hereunder, the Agreed Currency and Type thereof and, if applicable, the Interest Period with respect thereto, # the amount of any principal or interest due and payable or to become due and payable from each Borrower to each Lender hereunder, # the original stated amount of each Letter of Credit issued for the account of, and the amount of the LC Exposure with respect to, each Borrower at any time and # the amount of any sum received by the Administrative Agent hereunder from each Borrower and each Lender’s share thereof.

The Administrative Agent will maintain accounts in which it will record # the amount of each Loan to the applicable Borrowers made hereunder, the Type thereof and the Interest Period (if any) applicable thereto, # the amount of any principal or interest due and payable or to become due and payable from the applicable Borrowers to each Lender hereunder and # any amount received by the Administrative Agent hereunder for the account of the Lenders and each Lender’s share thereof. The entries made in the accounts maintained pursuant to this paragraph # will be prima facie evidence of the existence and amounts of the obligations recorded therein; provided that the failure of the Administrative Agent to maintain such accounts or any error therein will not in any manner affect the obligations of the applicable Borrowers to repay the Obligations in accordance with the terms of this Agreement.

The Administrative Agent shall also maintain accounts in which it will record # the amount of each Loan made hereunder, the type thereof and the Interest Period with respect thereto, # the amount of any principal or interest due and payable or to become due and payable from the Borrower to each Lender hereunder and # the amount of any sum received by the Administrative Agent hereunder from the Borrower and each Lender’s share thereof.

The Administrative Agent shall maintain accounts in which it shall record # the amount and currency of each Loan made hereunder, the Type thereof and the Interest Period applicable thereto, # the amount of any principal or interest due and payable or to become due and payable from the Borrower to each Lender hereunder, and # the amount of any sum received by the Administrative Agent hereunder for the account of the Lenders and each Lender’s share thereof.

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