Statements of Obligations. The Loans and Borrower’s obligation to repay the same shall be evidenced by the Loan Documents and the books and records of Lender. Lender shall render monthly statements of the Loans to Borrower as provided hereinafter, including statements of all principal and interest owing on the Loans, and all Fees and Expenses owing, and such statements shall be presumed to be correct and accurate and constitute an account stated between Borrower and Lender’s unless, within thirty (30) days after receipt thereof by Borrower, Borrower delivers to Lender, at the address specified in Section 9.1, written objection thereof specifying the error or errors, if any, contained in any such statement.
Appears in 2 contracts
Sources: Credit Agreement (Tri-S Security Corp), Credit Agreement (Tri-S Security Corp)