Common use of Accounts Stated Clause in Contracts

Accounts Stated. All statements of account rendered by the Lenders to the Borrower relating to any Obligation or Indebtedness, including without limitation all statements of principal, interest, expenses and costs owing by the Borrower to the Lenders, shall be presumed correct and accurate and shall constitute an account stated between the Borrower and the Lenders unless, within thirty (30) days after receipt thereof by the Borrower, the Borrower shall deliver to the Lenders written objection thereto, specifying the error or errors, if any, contained in such statement.

Accounts Stated. All statements of account rendered by the Lenders Lender to the Borrower relating to any Obligation or Indebtedness, including without limitation all statements of principal, interest, expenses and costs owing by the Borrower to the LendersLender, shall be presumed correct and accurate and shall constitute an account stated between the Borrower and the Lenders Lender unless, within thirty (30) days after receipt thereof by the Borrower, the Borrower shall deliver to the Lenders Lender written objection thereto, specifying the error or errors, if any, contained in such statement.