Loan Note. The Agent shall have possession of the Loan Note until the termination of this Agreement, as provided in Section 13.01. The Lender, for itself and the Guarantor, is the payee on behalf of other Persons; in such capacity, it has no duty or other obligation to any person other than (a) the receipt and disbursement of payments on the Loan Note as provided in the Loan Documents, to the extent actually received by it as payee on behalf of other Persons and (b) upon the termination of this Agreement and its receipt of the Loan Note, to mark the Loan Note “Paid” or its equivalent and return the Loan Note to the Borrower.
Appears in 2 contracts
Sources: Loan and Security Agreement (Sunnova Energy International Inc.), Loan and Security Agreement (Sunnova Energy International Inc.)