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Common use of Holder of Interest in Note Clause in Contracts

Holder of Interest in Note. The Facility Agent may treat each Lender as the holder of all of the interest of such Lender in its respective Note unless and until the Facility Agent has received a copy of an Assignment and Assumption Agreement evidencing the transfer of all or any part of such Lender's interest in the Loan.

Appears in 2 contracts

Samples: Loan Agreement, Loan Agreement (Dorian LPG Ltd.)

Holder of Interest in Note. The Facility Agent and the Security Trustee may treat each Lender as the holder of all of the interest of such Lender in its respective the Note unless and until the Facility Agent has received a copy of an Assignment and Assumption Agreement evidencing the transfer of all or any part of such Lender's ’s interest in the LoanFacility.

Appears in 2 contracts

Samples: Senior Secured Revolving Credit Facility Agreement (OSG America L.P.), Senior Secured Revolving Credit Facility Agreement (OSG America L.P.)

Holder of Interest in Note. The Facility Agent may treat each Lender as the holder of all of the interest of such Lender in its respective the Note unless and until the Facility Agent has received a copy of an Assignment and Assumption Agreement evidencing the transfer of all or any part of such Lender's ’s interest in the Loan.

Appears in 1 contract

Samples: Loan Agreement (SEACOR Marine Holdings Inc.)