Common use of Lenders’ Evidence of Debt Clause in Contracts

Lenders’ Evidence of Debt. Each Lender shall maintain on its internal records(a) an account or accounts evidencing the Obligations of the Borrower and each other Credit Party to such Lender, including the amounts of the Loans made by it and each repayment and prepayment in respect thereof. Any such recordation shall be conclusive and binding on the Borrower, absent manifest error; provided, that the failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s Commitment or the Borrower’s obligations in respect of any applicable Loans; and provided, further, in the event of any inconsistency between the Register and any Lender’s records, the recordations in the Register shall govern in the absence of demonstrable error therein. Notes. The Borrower shall execute and deliver to (i) each Lender on the(b) Effective Date, (ii) each Person who is a permitted assignee of such Lender pursuant to Section 11.5, and (iii) each Person who becomes a Lender in accordance with Section 2.19, in each case to the extent requested by such Person, a Note or Notes to evidence such Person’s portion of the Revolving Loans or, Existing Term Loan and/or Additional Term Loans, as applicable. Scheduled Principal Payments.Section 2.6

Appears in 2 contracts

Samples: Credit Agreement (Healthpeak Properties, Inc.), Credit Agreement (Physicians Realty Trust)

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Lenders’ Evidence of Debt. Each Lender shall maintain on in its internal records(a) records an account or accounts evidencing the Obligations of the Borrower and each other Credit Party to such Lender, including the amounts of the Loans made Promissory Notes (if any) held by it such Lender and each repayment and prepayment in respect thereof. Any such recordation shall be conclusive and binding on the BorrowerLoan Parties, absent manifest error; provided, that the failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s Commitment or the Borrower’s obligations Obligations in respect of any applicable Loans; and provided, provided further, in the event of any inconsistency between the Register and any LenderXxxxxx’s records, the recordations in the Register shall govern in govern. A Lender may at its option request that its Loans be evidenced by a Promissory Note. In such event, the absence of demonstrable error therein. Notes. The Borrower shall prepare, execute and deliver to (i) each Lender on the(b) Effective Date, (ii) each Person who is a permitted assignee of such Lender pursuant a Promissory Note payable to Section 11.5such Lender (or, if requested by such Lender, to such Lender and its registered assigns) in the form attached as Exhibit H or otherwise in a form approved by the Administrative Agent. Thereafter, the Loans evidenced by such Promissory Note and interest thereon shall at all times (iii) each Person who becomes a Lender in accordance with Section 2.19including, in each case to the extent requested by any assignee, after assignment) be represented by one or more Promissory Notes in such Person, a Note or Notes form payable to evidence such Person’s portion of the Revolving Loans payee named therein (or, Existing Term Loan and/or Additional Term Loansif such Promissory Note is a registered note, as applicable. Scheduled Principal Paymentsto such payee and its registered assigns).Section 2.6

Appears in 2 contracts

Samples: Credit Agreement, Term Loan Credit Agreement

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Lenders’ Evidence of Debt. Each Lender shall maintain on its internal records(arecords an(a) an account or accounts evidencing the Obligations of the Borrower and each other Credit Party to such Lender, including the amounts of the Loans made by it and each repayment and prepayment in respect thereof. Any such recordation shall be conclusive and binding on the Borrower, absent manifest error; provided, provided that the failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s Commitment or the Borrower’s obligations in respect of any applicable Loans; and provided, further, provided further that in the event of any inconsistency between the Register and any Lender’s records, the recordations in the Register shall govern in the absence of demonstrable error therein. Notes. The Borrower shall execute and deliver to each (i) each Lender on the(bthe Closing Date,(b) Effective Date, (ii) each Person who is a permitted assignee of such Lender pursuant to Section 11.5, 11.5 and (iii) each Person who becomes a Lender in accordance with Section 2.192.1(d), in each case to the extent requested by such Person, a Note or Notes to evidence such Person’s portion of the Revolving Loans or, Existing Term Loan and/or Additional Term Loans, as applicable. Scheduled Principal Payments.Section 2.656 130164155_5

Appears in 1 contract

Samples: Credit Agreement (Ebix Inc)

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