Example ContractsClausesEntries in Loan Account and Register
Entries in Loan Account and Register
Entries in Loan Account and Register contract clause examples

Loan Register. The Collateral Manager will maintain, or cause to be maintained, with respect to each Noteless Loan a register (each, a “Loan Register”) in which it will record, or cause to be recorded, # the principal amount of such Noteless Loan, # the amount of any principal or interest due and payable or to become due and payable from the Obligor thereunder, # the amount of any sum in respect of such Noteless Loan received from the related Obligor, # the date of origination of such Noteless Loan and # the maturity date of such Noteless Loan. At any time a Noteless Loan is included in the Collateral, the Collateral Manager shall deliver to the Borrower, the Administrative Agent and the Collateral Agent a copy of the related Loan Register, together with a certificate of a Responsible Officer of the Collateral Manager certifying to the accuracy of such Loan Register as of the date of acquisition of such Noteless Loan by the Borrower, all of which information may be included in the applicable Collateral Management Report.

Entries in Loan Account and Register. The entries made in the Loan Account, the Register and the other accounts maintained pursuant to [subsections (A) or (B)])] of this Section shall be conclusive and binding for all purposes, absent manifest error, gross negligence or willful misconduct, unless the applicable Borrower objects to information contained in the Loan Accounts, the Register or the other accounts within forty-five (45) days of such Borrower’s receipt of such information; provided that the failure of any Lender or the Administrative Agent to maintain such accounts or any error therein shall not in any manner affect the obligation of the Borrowers to repay the Loans in accordance with the terms of this Agreement.

Loan Account. The Borrowers hereby authorize the Agent to charge the Loan Account with the amount of all principal, interest, fees, Lender Group Expenses and other payments to be made hereunder and under the other Loan Documents. The Agent may, but shall not be obligated to, discharge the Borrowers’ payment obligations hereunder by so charging the Loan Account.

Loan Account. Each Lender shall maintain in accordance with its usual practice an account or accounts (a “Loan Account”) evidencing the Indebtedness of the Borrower and each Qualified Borrower to such Lender resulting from each Loan owing to such Lender from time to time, including the amount of principal and interest payable and paid to such Lender from time to time hereunder and under the Notes. Notwithstanding the foregoing, the failure by any Lender to maintain a Loan Account shall in no way affect the Borrower’s or the applicable Qualified Borrower’s obligations hereunder, including, without limitation, the obligation to repay the Obligations.

Entries in Loan Account and Register. The entries made in the Loan Account, the Register and the other accounts maintained pursuant to [subsections (A) or (B)])] of this Section shall be conclusive and binding for all purposes, absent manifest error, gross negligence or willful misconduct, unless the applicable Borrower objects to information contained in the Loan Accounts, the Register or the other accounts within forty-five (45) days of such Borrower’s receipt of such information; provided that the failure of any Lender or the Administrative Agent to maintain such accounts or any error therein shall not in any manner affect the obligation of the Borrowers to repay the Loans in accordance with the terms of this Agreement.

Loan Account. Each Lender shall maintain in accordance with its usual practice an account or accounts (a “Loan Account”) evidencing the indebtedness of the Borrowers to such Lender owing to such Lender from time to time, including the amounts of principal and interest payable and paid to such Lender from time to time hereunder.

Loan Account. Each Lender shall maintain in accordance with its usual practice an account or accounts (a “Loan Account”) evidencing the indebtedness of the Borrowers to such Lender owing to such Lender from time to time, including the amounts of principal and interest payable and paid to such Lender from time to time hereunder.

Entries Binding. The entries made in the Register and each Loan Account shall be conclusive and binding for all purposes, absent manifest error.

Loan Register. The Collateral Manager will maintain, or cause to be maintained, with respect to each Noteless Loan a register (each, a “Loan Register”) in which it will record, or cause to be recorded, # the principal amount of such Noteless Loan, # the amount of any principal or interest due and payable or to become due and payable from the Obligor thereunder, # the amount of any sum in respect of such Noteless Loan received from the related Obligor, # the date of origination of such Noteless Loan and # the maturity date of such Noteless Loan. At any time a Noteless Loan is included in the Collateral, the Collateral Manager shall deliver to the Borrower, the Administrative Agent and the Collateral Agent a copy of the related Loan Register, together with a certificate of a Responsible Officer of the Collateral Manager certifying to the accuracy of such Loan Register as of the date of acquisition of such Noteless Loan by the Borrower, all of which information may be included in the applicable Collateral Management Report.

Loan Register. The Borrower will maintain, or cause to be maintained, with respect to each Noteless Loan a register (which may be in physical or electronic form and readily identifiable as the loan asset register) (each, a “Loan Register”) in which it will record, or cause to be recorded, # the principal amount of such Noteless Loan, # the amount of any principal or interest due and payable from the Obligor thereunder, # the amount of any sum in respect of such Noteless Loan received from the related Obligor, # the date of origination of such Noteless Loan and # the maturity date of such Noteless Loan. At any time a Noteless Loan is included in the Collateral, the Borrower shall deliver to the Administrative Agent and the Custodian a copy of the related Loan Register, together with a certificate of a Responsible Officer of the Borrower certifying to the accuracy of such Loan Register as of the date of acquisition of such Noteless Loan by the Borrower.

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