Common use of Agent’s Register Clause in Contracts

Agent’s Register. Agent, as non-fiduciary agent of the Borrower shall maintain a register of the names and addresses of the Lenders, their Commitments and the principal amount (and stated interest) of their Loans (the “Register”). Agent shall also maintain a copy of each Assignment and Acceptance delivered to and accepted by it and modify the Register to give effect to each Assignment and Acceptance. The entries in the Register shall be conclusive and binding for all purposes, absent manifest error, and Borrower, Agent and the Lenders may treat each Person whose name is recorded in the Register as a Lender hereunder for all purposes of this Agreement. The Register and copies of each Assignment and Acceptance shall be available for inspection by Borrower or any Lender at any reasonable time and from time to time upon reasonable prior written notice. Upon its receipt of each Assignment and

Appears in 1 contract

Sources: Term Loan Credit Agreement (Team Inc)

Agent’s Register. Agent, acting solely for this purpose as non-fiduciary an agent of the Borrower Borrower, shall maintain at Agent’s office a copy of each Assignment and Assumption delivered to it and a register for the recordation of the names and addresses of the Lenders, their Commitments and the Commitments of, and principal amount (amounts of the Loans and stated interest) Facility letter of their Loans Credit Obligations owing to, each Lender pursuant to the terms hereof from time to time (the “Register”). Agent shall also maintain a copy of each Assignment and Acceptance delivered to and accepted by it and modify the Register to give effect to each Assignment and Acceptance. The entries in the Register shall be conclusive and binding for all purposes, absent manifest errorconclusive, and Borrower, the Administrative Agent and the Lenders may treat each Person whose name is recorded in the Register pursuant to the terms hereof as a Lender hereunder for all purposes of this Agreement, notwithstanding notice to the contrary. The Register and copies of each Assignment and Acceptance shall be available for inspection by Borrower or and any Lender Lender, at any reasonable time and from time to time upon reasonable prior written notice. Upon its receipt of each Assignment and.

Appears in 1 contract

Sources: Revolving Credit Agreement (LNR Property Corp)