Commitments Making of Loans the Register Notes Sample Clauses
This clause defines the lender's commitment to provide loans, outlines the procedures for making loan advances, and establishes the use of a register to track loan ownership and amounts. It typically details how borrowers request loans, how lenders disburse funds, and the process for recording each loan transaction in an official register, which serves as the authoritative record of debt. Additionally, it may address the issuance of promissory notes as evidence of the loans. The core function of this clause is to ensure transparency and accuracy in loan administration, preventing disputes over loan amounts, ownership, or repayment obligations.
Commitments Making of Loans the Register Notes. Subsection 2.1A of the Credit Agreement is hereby amended by deleting the first sentence contained therein in its entirety and substituting the following therefor: “Subject to the terms and conditions of this Agreement and in reliance upon the representations and warranties of Company herein set forth, each Lender hereby severally agrees to make the Loans described in subsections 2.1A(ii) and 2.1A(iii) and Swing Line Lender hereby agrees to make the Swing Line Loans as described in subsection 2.1A(iv).”.
Commitments Making of Loans the Register Notes