Recording of Loan Sample Clauses

Recording of Loan. If this Loan Agreement is subject to recording in any appropriate public recording offices, the Borrower shall effect such recording at its expense in compliance with an Opinion of Counsel to the effect that such recording is necessary either for the protection of the Lender, the Secured Parties or any other person secured hereunder or for the enforcement of any right or remedy granted to the Agent under this Loan Agreement or any other Loan Document.
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Related to Recording of Loan

  • Funding of Borrowings (a) Each Lender shall make each Loan to be made by it hereunder on the proposed date thereof by wire transfer of immediately available funds by 12:00 noon, New York City time, to the account of the Administrative Agent most recently designated by it for such purpose by notice to the Lenders. The Administrative Agent will make such Loans available to the Borrower by promptly crediting the amounts so received, in like funds, to an account of the Borrower maintained with the Administrative Agent in New York City and designated by the Borrower in the applicable Borrowing Request.

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