Common use of Loan Statements Clause in Contracts

Loan Statements. From time to time, the Bank may render statements to the Borrower showing the balance of all outstanding Loans and any other charges owing to the Bank. Such statements shall be deemed correct and agreed upon by the Borrower unless the Borrower notifies the Bank in writing of any discrepancy within the lesser of fifteen (15) days of the mailing of such statement or ten (10) days of such statements receipt by the Borrower.

Appears in 3 contracts

Sources: Revolving Loan and Security Agreement, Revolving Loan and Security Agreement (Lemaitre Vascular Inc), Revolving Loan and Security Agreement (Lemaitre Vascular Inc)