Common use of Liability Records Clause in Contracts

Liability Records. ▇▇▇▇▇ Fargo shall maintain accounting and bookkeeping records of all Advances and payments under the Line of Credit and all other Indebtedness due to ▇▇▇▇▇ Fargo in such form and content as ▇▇▇▇▇ Fargo in its sole discretion deems appropriate. ▇▇▇▇▇ Fargo’s calculation of current Indebtedness shall be presumed correct unless proven otherwise by Company. Upon ▇▇▇▇▇ Fargo’s request, Company will admit and certify in a Record the exact principal balance of the Indebtedness that Company then believes to be outstanding. Any billing statement or accounting provided by ▇▇▇▇▇ Fargo shall be conclusive and binding unless Company notifies ▇▇▇▇▇ Fargo in a detailed Record of its intention to dispute the billing statement or accounting within 30 days of receipt.

Appears in 12 contracts

Sources: Credit and Security Agreement (Tandy Brands Accessories Inc), Credit and Security Agreement (Capstone Turbine Corp), Credit and Security Agreement (Winnebago Industries Inc)

Liability Records. ▇▇▇▇▇ Fargo shall maintain accounting and bookkeeping records of all Advances and payments under with respect to the Line of Credit and all other Indebtedness due to ▇▇▇▇▇ Fargo in such form and content as ▇▇▇▇▇ Fargo in its sole discretion deems appropriate. ▇▇▇▇▇ Fargo’s calculation of current the amount of the Indebtedness shall be presumed correct unless proven otherwise by Company. Upon ▇▇▇▇▇ Fargo’s request, Company will admit and certify to ▇▇▇▇▇ Fargo in a Record the exact unpaid principal balance amount of the Indebtedness that Company then believes to be outstandingdue and payable to ▇▇▇▇▇ Fargo. Any billing statement or accounting provided by ▇▇▇▇▇ Fargo shall be conclusive and binding unless Company notifies ▇▇▇▇▇ Fargo in a detailed Record of its intention to dispute the billing statement or accounting within 30 days of receipt.

Appears in 3 contracts

Sources: Credit and Security Agreement (Nortech Systems Inc), Credit and Security Agreement, Credit and Security Agreement (Nortech Systems Inc)

Liability Records. W▇▇▇▇ Fargo shall maintain accounting and bookkeeping records of all Advances and payments under the Line of Credit and all other Indebtedness due to W▇▇▇▇ Fargo in such form and content as W▇▇▇▇ Fargo in its sole discretion deems appropriate. W▇▇▇▇ Fargo’s calculation of current Indebtedness shall be presumed correct unless proven otherwise by Company. Upon W▇▇▇▇ Fargo’s request, Company will admit and certify in a Record the exact principal balance of the Indebtedness that Company then believes to be outstanding. Any billing statement or accounting provided by W▇▇▇▇ Fargo shall be conclusive and binding unless Company notifies W▇▇▇▇ Fargo in a detailed Record of its intention to dispute the billing statement or accounting within 30 days of receipt.

Appears in 2 contracts

Sources: Credit and Security Agreement (Iridex Corp), Credit and Security Agreement (Iridex Corp)

Liability Records. ▇▇▇▇▇ Fargo shall maintain accounting and bookkeeping records of all Advances and payments under the Line of Credit and all other Indebtedness due to ▇▇▇▇▇ Fargo in such form and content as ▇▇▇▇▇ Fargo in its sole discretion deems appropriate. ▇▇▇▇▇ Fargo’s calculation of current Indebtedness shall be presumed correct unless proven otherwise by CompanyCompanies. Upon ▇▇▇▇▇ Fargo’s request, Company Companies will admit and certify in a Record the exact principal balance of the Indebtedness that Company Companies then believes believe to be outstanding. Any billing statement or accounting provided by ▇▇▇▇▇ Fargo shall be conclusive and binding unless Company Funds Administrator notifies ▇▇▇▇▇ Fargo in a detailed Record of its intention to dispute the billing statement or accounting within 30 days of receipt.

Appears in 2 contracts

Sources: Credit and Security Agreement (Phoenix Footwear Group Inc), Credit and Security Agreement (Phoenix Footwear Group Inc)

Liability Records. W▇▇▇▇ Fargo shall maintain accounting and bookkeeping records of all Advances and payments under the Line of Credit and all other Indebtedness due to W▇▇▇▇ Fargo in such form and content as W▇▇▇▇ Fargo in its sole discretion deems appropriate. W▇▇▇▇ Fargo’s 's calculation of current Indebtedness shall be presumed correct unless proven otherwise by Company. Upon W▇▇▇▇ Fargo’s 's request, Company will admit and certify in a Record the exact principal balance of the Indebtedness that Company then believes to be outstanding. Any billing statement or accounting provided by W▇▇▇▇ Fargo shall be conclusive and binding unless Company notifies W▇▇▇▇ Fargo in a detailed Record of its intention to dispute the billing statement or accounting within 30 days of receipt.

Appears in 1 contract

Sources: Credit and Security Agreement (Emcore Corp)

Liability Records. W▇▇▇▇ Fargo shall maintain accounting and bookkeeping records of all Advances and payments under with respect to the Line of Credit and all other Indebtedness due to ▇▇▇▇▇ Fargo in such form and content as W▇▇▇▇ Fargo in its sole discretion deems appropriate. W▇▇▇▇ Fargo’s 's calculation of current the amount of the Indebtedness shall be presumed correct unless proven otherwise by Company. Upon ▇▇▇▇▇ Fargo’s request, Company will admit and certify to W▇▇▇▇ Fargo in a Record the exact unpaid principal balance amount of the Indebtedness that Company then believes to be outstandingdue and payable to W▇▇▇▇ Fargo. Any billing statement or accounting provided by W▇▇▇▇ Fargo shall be conclusive and binding unless Company notifies W▇▇▇▇ Fargo in a detailed Record of its intention to dispute the billing statement or accounting within 30 days of receipt.

Appears in 1 contract

Sources: Credit and Security Agreement (Spectranetics Corp)

Liability Records. ▇▇▇▇▇ Fargo shall maintain accounting and bookkeeping records of all Advances and payments under the Line of Credit and all other Indebtedness due to ▇▇▇▇▇ Fargo in such form and content as ▇▇▇▇▇ Fargo in its sole discretion deems appropriate. ▇▇▇▇▇ Fargo’s calculation of current Indebtedness shall be presumed correct unless proven otherwise by CompanyBorrower. Upon ▇▇▇▇▇ Fargo’s request, Company Lead Borrower will admit and certify in a Record the exact principal balance of the Indebtedness that Company Borrower then believes to be outstanding. Any billing statement or accounting provided by ▇▇▇▇▇ Fargo shall be conclusive and binding unless Company Lead Borrower notifies ▇▇▇▇▇ Fargo in a detailed Record of its Borrower’s intention to dispute the billing statement or accounting within 30 45 days of receipt.

Appears in 1 contract

Sources: Credit and Security Agreement (Command Security Corp)

Liability Records. W▇▇▇▇ Fargo shall maintain accounting and bookkeeping records of all Advances and payments under the Line of Credit L/C Obligations and all other Indebtedness due to W▇▇▇▇ Fargo in such form and content as W▇▇▇▇ Fargo in its sole discretion deems appropriate. W▇▇▇▇ Fargo’s 's calculation of current Indebtedness shall be presumed correct unless proven otherwise by Companythe Companies. Upon W▇▇▇▇ Fargo’s 's request, Company the Companies will admit and certify in a Record the exact principal balance of the Indebtedness that Company the Companies then believes believe to be outstanding. Any billing statement or accounting provided by W▇▇▇▇ Fargo shall be conclusive and binding unless Company notifies ▇the Companies notify W▇▇▇▇ Fargo in a detailed Record of its their intention to dispute the billing statement or accounting within 30 days of receipt.

Appears in 1 contract

Sources: Credit and Security Agreement (Adams Resources & Energy, Inc.)

Liability Records. ▇▇▇▇▇ Fargo shall maintain accounting and bookkeeping records of all Advances and payments under the Line of Credit and all other Indebtedness due to ▇▇▇▇▇ Fargo in such form and content as ▇▇▇▇▇ Fargo in its sole discretion deems appropriate. ▇▇▇▇▇ Fargo’s 's calculation of current Indebtedness shall be presumed correct unless proven otherwise by Company. Upon ▇▇▇▇▇ Fargo’s 's request, Company will admit and certify in a Record the exact principal balance of the Indebtedness that Company then believes to be outstanding. Any billing statement or accounting provided by ▇▇▇▇▇ Fargo shall be conclusive and binding unless Company notifies ▇▇▇▇▇ Fargo in a detailed Record of its intention to dispute the billing statement or accounting within 30 days of receipt.

Appears in 1 contract

Sources: Credit and Security Agreement (Hemacare Corp /Ca/)

Liability Records. W▇▇▇▇ Fargo shall maintain accounting and bookkeeping records of all Advances and payments under with respect to the Line of Credit and all other Indebtedness due to ▇▇▇▇▇ Fargo in such form and content as W▇▇▇▇ Fargo in its sole discretion deems appropriate. W▇▇▇▇ Fargo’s calculation of current the amount of the Indebtedness shall be presumed correct unless proven otherwise by Company. Upon ▇▇▇▇▇ Fargo’s request, Company will admit and certify to W▇▇▇▇ Fargo in a Record the exact unpaid principal balance amount of the Indebtedness that Company then believes to be outstandingdue and payable to W▇▇▇▇ Fargo. Any billing statement or accounting provided by W▇▇▇▇ Fargo shall be conclusive and binding unless Company notifies W▇▇▇▇ Fargo in a detailed Record of its intention to dispute the billing statement or accounting within 30 days of receipt.

Appears in 1 contract

Sources: Credit and Security Agreement (Merrimac Industries Inc)

Liability Records. ▇▇▇▇▇ Fargo shall maintain accounting and bookkeeping records of all Advances and payments under the Line of Credit and all other Indebtedness due to ▇▇▇▇▇ Fargo in such form and content as ▇▇▇▇▇ Fargo in its sole discretion deems appropriate. ▇▇▇▇▇ Fargo’s 's calculation of current Indebtedness shall be presumed correct unless proven otherwise by Company. Upon ▇▇▇▇▇ Fargo’s 's request, Company will admit and certify in a Record the exact principal balance of the Indebtedness that Company then believes to be outstanding. Any billing statement or accounting provided by ▇▇▇▇▇ Fargo shall be conclusive and binding unless Company notifies ▇▇▇▇▇ Fargo in a detailed Record of its intention to dispute the billing statement or accounting within 30 days of receipt.

Appears in 1 contract

Sources: Credit and Security Agreement (Physicians Formula Holdings, Inc.)