BOOKKEEPING ENTRIES. Each Bank shall record in its financial records the amount of its undivided interest in the Loan and its participation in Agent’s right and obligations in connection with the Loan. Agent shall record in its financial records the existence of the undivided interests of Banks in the Loan.
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BOOKKEEPING ENTRIES. Each Bank Lender shall record in its financial records the amount of its undivided interest in the Loan and its participation in Agent’s 's right and obligations in connection with the Loan. Agent shall record in its financial records the existence of the undivided interests of Banks Lenders in the Loan.
Appears in 1 contract
Sources: Loan Agreement (KBS Real Estate Investment Trust III, Inc.)
BOOKKEEPING ENTRIES. Each Bank Lender shall record in its financial records the amount of its undivided interest in the Loan and its participation in Agent’s right and obligations in connection with the Loan. Agent shall record in its financial records the existence of the undivided interests of Banks Lenders in the Loan.
Appears in 1 contract
Sources: Loan Agreement (KBS Strategic Opportunity REIT, Inc.)