Common use of Note Register Clause in Contracts

Note Register. Administrative Agent shall maintain on behalf of Borrowers pursuant to the last sentence of this Section 10.25, or cause to be maintained, (i) a copy of each assignment of all or any portion of the Note (an “Assignment Agreement”) delivered to it and (ii) a register within the meaning of US Treasury Regulation Section 5(f).103-1(c) (the “Register”), in which it will register the name and address of Lender and the name and address of each assignee of Lender under this Agreement, and the principal amount of the Loan owing to each such Lender pursuant to the terms hereof and of each Assignment Agreement. Borrowers, Lender and the Administrative Agent may not treat any Person whose name is not recorded in the Register pursuant to the terms hereof as a Lender for the purposes of this Agreement, notwithstanding notice to the contrary or any notation of ownership or other writing on the Note. The Register shall be available for inspection by any Lender at Administrative Agent’s principal place of business, at any reasonable time and from time to time, upon reasonable prior notice. Borrowers hereby appoint Administrative Agent as their agent for purposes of compliance with US Treasury Regulation Section 5(f).103-1(c) and Administrative Agent hereby accepts such appointment.

Appears in 5 contracts

Samples: First Mezzanine Loan Agreement (Hard Rock Hotel Holdings, LLC), First Mezzanine Loan Agreement (Morgans Hotel Group Co.), Third Mezzanine Loan Agreement (Hard Rock Hotel Holdings, LLC)

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Note Register. Administrative Agent shall maintain on behalf of Borrowers pursuant to the last sentence of this Section 10.2510.26, or cause to be maintained, (i) a copy of each assignment of all or any portion of either of the Note Notes (an “Assignment Agreement”) delivered to it and (ii) a register within the meaning of US Treasury Regulation Section 5(f).103-1(c) (the “Register”), in which it will register the name and address of Lender and the name and address of each assignee of Lender under this Agreement, and the principal amount of the Loan owing to each such Lender pursuant to the terms hereof and of each Assignment Agreement. Borrowers, Lender Lenders and the Administrative Agent may not treat any Person whose name is not recorded in the Register pursuant to the terms hereof as a Lender for the purposes of this Agreement, notwithstanding notice to the contrary or any notation of ownership or other writing on the any Note. The Register shall be available for inspection by any Lender at Administrative Agent’s principal place of business, at any reasonable time and from time to time, upon reasonable prior notice. Borrowers hereby appoint Administrative Agent as their agent for purposes of compliance with US Treasury Regulation Section 5(f).103-1(c) and Administrative Agent hereby accepts such appointment.

Appears in 2 contracts

Samples: Loan Agreement (Hard Rock Hotel Holdings, LLC), Loan Agreement (Hard Rock Hotel Holdings, LLC)

Note Register. Administrative Agent Lender or Servicer shall maintain on behalf of Borrowers pursuant to the last sentence of this Section 10.259.24, or cause to be maintained, (i) a copy of each assignment of all or any portion of the Note (an “Assignment Agreement”) delivered to it and (ii) a register within the meaning of US Treasury Regulation Section 5(f).103-1(c) (the “Register”), in which it will register the name and address of Lender and the name and address of each permitted assignee of Lender under this Agreement, and the principal amount of the Loan owing to each such Lender pursuant to the terms hereof and of each Assignment Agreement. Borrowers, Lender and the Administrative Agent Servicer may not treat any Person whose name is not recorded in the Register pursuant to the terms hereof as a Lender for the purposes of this Agreement, notwithstanding notice to the contrary or any notation of ownership or other writing on the Note. The Register shall be available for inspection by any Lender at Administrative AgentLender’s or Servicer’s principal place of business, at any reasonable time and from time to time, upon reasonable prior notice. Borrowers hereby appoint Administrative Agent Servicer as their agent for purposes of compliance with US Treasury Regulation Section 5(f).103-1(c) and Administrative Agent Servicer hereby accepts such appointment.

Appears in 2 contracts

Samples: Second Mortgage Loan Agreement, Second Mortgage Loan Agreement (Bref Hr, LLC)

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Note Register. Administrative Agent Servicer shall maintain on behalf of Borrowers pursuant to the last sentence of this Section 10.2510.26, or cause to be maintained, (i) a copy of each assignment of all or any portion of either of the Note Notes (an “Assignment Agreement”) delivered to it and (ii) a register within the meaning of US Treasury Regulation Section 5(f).103-1(c) (the “Register”), in which it will register the name and address of Lender and the name and address of each assignee of Lender under this Agreement, and the principal amount of the Loan owing to each such Lender pursuant to the terms hereof and of each Assignment Agreement. Borrowers, Lender Lenders and the Administrative Agent Servicer may not treat any Person whose name is not recorded in the Register pursuant to the terms hereof as a Lender for the purposes of this Agreement, notwithstanding notice to the contrary or any notation of ownership or other writing on the any Note. The Register shall be available for inspection by any Lender at Administrative AgentServicer’s principal place of business, at any reasonable time and from time to time, upon reasonable prior notice. Borrowers hereby appoint Administrative Agent Servicer as their agent for purposes of compliance with US Treasury Regulation Section 5(f).103-1(c) and Administrative Agent Servicer hereby accepts such appointment.

Appears in 1 contract

Samples: Loan Agreement (Bref Hr, LLC)

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