Common use of Loan Accounts of Agents; Lender Registers Clause in Contracts

Loan Accounts of Agents; Lender Registers. (i) The Revolver Agent shall maintain accounts in which it shall record (v) the amount of each Revolving Loan and Revolving Borrowing made hereunder, the Type thereof, the currency in which such Revolving Loan is denominated, the Interest Period and applicable interest rate, (w) the amount and other details with respect to each Letter of Credit issued hereunder, (x) the amount of any principal due and payable or to become due and payable from the Borrowers to each Revolving Lender hereunder, (y) the amount of any sum received by the Revolver Agent hereunder for the account of the Revolving Lenders and each Revolving Lender’s share thereof, and (z) the other details relating to the Revolving Loans and Letters of Credit to be made or issued hereunder. In addition, the Revolver Agent, acting solely for this purpose as a non-fiduciary agent of the Borrowers, shall maintain a register (the “Revolving Lender Register”) on or in which it will record the names and addresses of the Revolving Lenders, the Revolving Commitments, and the principal amounts of (and stated interest on) the Revolving Loans owing to each Revolving Lender from time to time. The Revolver Agent will make the Revolving Lender Register available to any Revolving Lender or the Company upon its request.

Appears in 4 contracts

Samples: Credit Agreement (American Greetings Corp), Credit Agreement (American Greetings Corp), Credit Agreement (American Greetings Corp)

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