Common use of Lenders’ Evidence of Debt Clause in Contracts

Lenders’ Evidence of Debt. Each Lender shall maintain in its internal records an account or accounts evidencing the Obligations of the Borrower to such Lender, including the amounts of the Promissory Notes (if any) held by such Lender and each repayment and prepayment in respect thereof. Any such recordation shall be conclusive and binding on the Loan Parties, absent manifest error; provided, that the failure to make any such recordation, or any error in such recordation, shall not affect any Obligations in respect of any applicable Loans; and provided further, in the event of any inconsistency between the Register and any Xxxxxx’s records, the recordations in the Register shall govern. A Lender may at its option request that its Loans be evidenced by a Promissory Note. In such event, the Borrower shall prepare, execute and deliver to such Lender a Promissory Note payable to such 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 (including, to the extent requested by any assignee, after assignment) be represented by one or more Promissory Notes in such form payable to the payee named therein (or, if such Promissory Note is a registered note, to such payee and its registered assigns).

Appears in 2 contracts

Samples: Credit Agreement, Term Loan Credit Agreement

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

Appears in 1 contract

Samples: Term Loan Credit Agreement (Viking Energy Group, Inc.)

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