Common use of Note Schedules Clause in Contracts

Note Schedules. The Administrative Agent and each Bank may, instead of or in addition to maintaining a loan account, and is hereby irrevocably authorized by the Borrower to, enter on the schedule forming a part of its Notes or otherwise in its records, appropriate notations (collectively, the “Note Schedules”) evidencing the date and the amount of each Loan, as applicable, the interest rate applicable thereto and the date and amount of each payment of principal made by the Borrower with respect thereto; and in the absence of manifest error, such notations shall constitute conclusive evidence thereof. The Administrative Agent and each Bank is hereby irrevocably authorized by the Borrower to attach to and make a part of its respective Notes a continuation of any such schedule as and when required. No failure on the part of the Administrative Agent or any Bank to make any notation as provided in this subsection (c) shall in any way affect any Loan or the rights of the Banks or the Obligations of the Borrower with respect thereto. If there shall be a conflict, discrepancy or inconsistency between the Loan Account and any Note Schedule, the entries and records in the Loan Account shall control, supersede and prevail as among the Borrower, the Administrative Agent and the Banks.

Appears in 1 contract

Sources: Revolving Credit and Term Loan Agreement (Mac-Gray Corp)

Note Schedules. The Administrative Agent and each Bank may, -------------- instead of or in addition to maintaining a loan account, and is hereby irrevocably authorized by the Borrower to, enter on the schedule forming a part of its Notes or otherwise in its records, appropriate notations (collectively, the "Note Schedules") evidencing the date and the amount of each Loan, as applicable, the interest rate applicable thereto and the date and amount of each payment of principal and interest made by the Borrower with respect thereto; and in the absence of manifest error, such notations shall constitute conclusive evidence thereofbe presumed to be correct. The Administrative Agent and each Bank is hereby irrevocably authorized by the Borrower to attach to and make a part of its respective Notes a continuation of any such schedule as and when required. No failure on the part of the Administrative Agent or any Bank to make any notation as provided in this subsection (ce) shall in any way affect any Loan or the rights of the Banks or the Obligations of the Borrower with respect thereto. If there shall be a conflict, discrepancy or inconsistency between the Loan Account and any Note Schedule, the entries and records in the Loan Account shall control, supersede and prevail as among the Borrower, the Administrative Agent and the Banksprevail.

Appears in 1 contract

Sources: Revolving Credit and Term Loan Agreement (Wm Acquisition Inc)

Note Schedules. The Administrative Agent and each Bank may, instead of or in addition to maintaining a loan account, and is hereby irrevocably authorized by the Borrower to, enter on the schedule forming a part of its Notes or otherwise in its records, appropriate notations (collectively, the "Note Schedules") evidencing the date and the amount of each Loan, as applicable, the interest rate applicable thereto and the date and amount of each payment of principal made by the Borrower with respect thereto; and in the absence of manifest error, such notations shall constitute conclusive evidence thereof. The Administrative Agent and each Bank is hereby irrevocably authorized by the Borrower to attach to and make a part of its respective Notes a continuation of any such schedule as and when required. No failure on the part of the Administrative Agent or any Bank to make any notation as provided in this subsection (c) shall in any way affect any Loan or the rights of the Banks or the Obligations of the Borrower with respect thereto. If there shall be a conflict, discrepancy or inconsistency between the Loan Account and any Note Schedule, the entries and records in the Loan Account shall control, supersede and prevail as among the Borrower, the Administrative Agent and the Banks.

Appears in 1 contract

Sources: Revolving Credit and Term Loan Agreement (Mac-Gray Corp)