Common use of Registers Clause in Contracts

Registers. The Borrower shall maintain a copy of each assignment and assumption or similar agreement delivered to it and a register for the recordation of the names and addresses of each Lender and principal amounts (and stated interest) of the Credit Extensions owing to, each Lender pursuant to the terms hereof from time to time (the “Register”). The entries in the Register shall be conclusive absent manifest error, and the Borrower, and the Lenders shall 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. The Register shall be available for inspection by the Borrower and any Lender, at any reasonable time and from time to time upon reasonable prior notice. Each Lender that sells a participation shall, acting solely for this purpose as a non-fiduciary agent of the Borrower, maintain a register on which it enters the name and address of each participant and the principal amounts (and stated interest) of each Participant’s interest in the Credit Extensions or other obligations under the Loan Documents (the “Participant Register”); provided that no Lender shall have any obligation to disclose all or any portion of the Participant Register (including the identity of any participant or any information relating to a participant's interest in any obligations under any Loan Document) to any Person except to the extent that such disclosure is necessary to establish that such commitment, loan, letter of credit or other obligation is in registered form under Section 5f.103-1(c) of the United States Treasury Regulations. The entries in the Participant Register shall be conclusive absent manifest error, and such Lender shall treat each Person whose name is recorded in the Participant Register as the owner of such participation for all purposes of this Agreement notwithstanding any notice to the contrary.

Appears in 2 contracts

Sources: Loan and Security Agreement (Silk Road Medical Inc), Loan and Security Agreement (Silk Road Medical Inc)

Registers. (a) The Borrower Lender, acting solely for this purpose as an agent of the Borrower, shall maintain a copy of each assignment and assumption or similar agreement delivered to it and a register for the recordation of the names and addresses of each Lender the applicable Person, and the commitments of, and principal amounts (and stated interest) of the Credit Extensions Loans owing to, each Lender applicable Person pursuant to the terms hereof from time to time (the “Register”). The entries in the Register shall be conclusive absent manifest error, and the Borrower, Borrower and the Lenders Lender shall 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. The Register shall be available for inspection by the Borrower and any the Lender, at any reasonable time and from time to time upon reasonable prior notice. Each . (b) If the Lender that sells shall sell a participation participation, it shall, acting solely for this purpose as a non-non- fiduciary agent of the Borrower, maintain a register on which it enters the name and address of each participant Participant and the principal amounts (and stated interest) of each Participant’s interest in the Credit Extensions Loans or other obligations under the Loan Basic Documents (the “Participant Register”); provided that no the Lender shall have any no obligation to disclose all or any portion of the Participant Register (including the identity of any participant Participant or any information relating to a participantParticipant's interest in any commitments, loans, letters of credit or its other obligations under any Loan Basic Document) to any Person except to the extent that such disclosure is necessary to establish that such commitment, loan, letter of credit or other obligation is in registered form under Section 5f.103-1(c) of the United States Treasury Regulations. The entries in the Participant Register shall be conclusive absent manifest error, and such the Lender shall treat each Person whose name is recorded in the Participant Register as the owner of such participation for all purposes of this Agreement notwithstanding any notice to the contrary. For the avoidance of doubt, JPMorgan Chase Bank, N.A. shall have no responsibility for maintaining a Participant Register other than in its capacity as the Lender.

Appears in 1 contract

Sources: Revolving Credit Agreement

Registers. (A) The Borrower Agent, acting solely for this purpose as a non-fiduciary agent of each US Borrower, shall maintain at one of its offices a copy of each assignment and assumption or similar agreement transfer delivered to it and a register for the recordation of the names and addresses of each Lender the Lenders, and the Total Commitments of, and principal amounts (and stated interest) of the Credit Extensions Loans owing to, each Lender pursuant to the terms hereof from time to time (the “Register”). The entries in the Register shall be conclusive absent manifest error, and the BorrowerBorrowers, the Agent and the Lenders shall treat each Person person whose name is recorded in the Register pursuant to the terms hereof as a Lender hereunder for all purposes of this Agreementagreement. The Register shall be available for inspection by any Borrower and, solely in respect of their respective Total Commitments and Loans, the Borrower and any LenderLenders, at any reasonable time and from time to time upon reasonable prior notice. . (B) Each Lender that sells a participation shall, acting solely for this purpose as a non-fiduciary agent of the each US Borrower, maintain a register on which it enters the name and address of each participant and the principal amounts (and stated interest) of each Participantparticipant’s interest in the Credit Extensions Loans or other obligations under the Loan Documents agreement (the “Participant Register”); provided that no Lender shall have any obligation to disclose all or any portion of the Participant Register (including the identity of any participant or any information relating to a participant's ’s interest in any commitments, loans, letters of credit or its other obligations under any Loan Documentthe agreement) to any Person person except to the extent that such disclosure is necessary in connection with a Tax audit or other proceeding to establish that such commitment, loan, letter of credit or other obligation is in registered form under Section United States Treasury regulations section 5f.103-1(c) of the United States Treasury Regulations(or successor thereto). The entries in the Participant Register shall be conclusive absent manifest error, and each US Borrower (to the extent it has been notified of such entry) and such Lender shall treat each Person person whose name is recorded in the Participant Register as the owner of such participation for all purposes of this Agreement agreement notwithstanding any notice to the contrary. For the avoidance of doubt, the Agent (in its capacity as Agent) shall have no responsibility for maintaining a Participant Register.

Appears in 1 contract

Sources: Multicurrency Revolving Facility Agreement (Endava PLC)