Common use of Assignments Recorded Clause in Contracts

Assignments Recorded. Upon its receipt of an Assignment and Acceptance Agreement executed by an assigning Bank and an Assignee, Agent shall, if such Assignment and Acceptance Agreement has been properly completed, and subject to Borrower's consent as above provided, (i) record the information contained therein in the register maintained by Agent for this purpose and (ii) give prompt notice thereof to Borrower.

Assignments Recorded. Upon its receipt of an Assignment and Acceptance Agreement Assumption executed by an assigning Bank and an Assignee, Agent shall, if such Assignment and Acceptance Agreement Assumption has been properly completed, and subject to Borrower's ’s consent as above provided, (i) record the information contained therein in the register maintained by Agent for this purpose and (ii) give prompt notice thereof to Borrower.