Common use of Records of Lenders Clause in Contracts

Records of Lenders. Each Lender shall maintain, in accordance with its usual practice, accounts evidencing the Indebtedness of Borrower to each Lender resulting from the Proportionate Share of the Loan of such Lender from time to time outstanding, including the amounts of principal and interest payable and paid to such Lender from time to time under this Agreement. In addition, with respect to each Lender having sold a participation interest in any of the Obligations owing to it, such Lender, acting as agent of Borrower solely for this purpose and solely for tax purposes, shall establish and maintain at its address referred to in Section 10.1 (or at such other address as Administrative Agent shall notify Borrower) a record of ownership, in which such Lender shall register by book entry (i) the name and address of each such participant (and each change thereto, whether by assignment or otherwise) and (ii) the rights, interest or obligation of each such participant in any Obligation owing to such Lender, in any Commitment or any portion of the Loan and in any right of such Lender to receive any payment hereunder.

Appears in 1 contract

Samples: Credit and Security Agreement (Ares Commercial Real Estate Corp)

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Records of Lenders. Each Lender shall maintain, maintain in accordance with its usual practice, practice accounts evidencing the Indebtedness of Borrower Borrowers to each Lender resulting from the Proportionate Pro Rata Share of the Loan of such Lender from time to time outstanding, including the amounts of principal and interest payable and paid to such Lender from time to time under this Agreement. In addition, with respect to each Lender having sold a participation interest in any of the Obligations owing to it, such Lender, acting as agent of Borrower Borrowers solely for this purpose and solely for tax purposes, shall establish and maintain at its address referred to in Section 10.1 12.1 (or at such other address as Administrative Agent shall notify BorrowerBorrowers) a record of ownership, in which such Lender shall register by book entry (i) the name and address of each such participant (and each change thereto, whether by assignment or otherwise) and (ii) the rights, interest or obligation of each such participant in any Obligation owing to such Lender, in any Loan Commitment or any portion of the Loan and in any right of such Lender to receive any payment hereunder.

Appears in 1 contract

Samples: Loan Agreement (American Realty Capital Healthcare Trust Inc)

Records of Lenders. Each Lender shall maintain, maintain in accordance with its usual practice, practice accounts evidencing the Indebtedness of Borrower Borrowers to each Lender resulting from the Proportionate Pro Rata Share of the Loan of such Lender from time to time outstanding, including the amounts of principal and interest payable and paid to such Lender from time to time under this Agreement. In addition, with respect to each Lender having sold a participation interest in any of the Obligations owing to it, such Lender, acting as agent of Borrower Borrowers solely for this purpose and solely for tax purposes, shall establish and maintain at its address referred to in Section 10.1 11.1 (or at such other address as Administrative Agent shall notify BorrowerBorrowers) a record of ownership, in which such Lender shall register by book entry (iA) the name and address of each such participant (and each change thereto, whether by assignment or otherwise) and (iiB) the rights, interest or obligation of each such participant in any Obligation owing to such Lender, in any Loan Commitment or any portion of the Loan and in any right of such Lender to receive any payment hereunder.

Appears in 1 contract

Samples: Loan Agreement (Care Capital Properties, Inc.)

Records of Lenders. Each Lender shall maintain, maintain in accordance with its usual practice, practice accounts evidencing the Indebtedness of Borrower to each Lender resulting from the Proportionate Pro Rata Share of the Loan of such Lender from time to time outstanding, including the amounts of principal and interest payable and paid to such Lender from time to time under this Agreement. In addition, with respect to each Lender having sold a participation interest in any of the Obligations owing to it, such Lender, acting as agent of Borrower solely for this purpose and solely for tax purposes, shall establish and maintain at its address referred to in Section 10.1 11.1 (or at such other address as Administrative Agent shall notify Borrower) a record of ownership, in which such Lender shall register by book entry (iA) the name and address of each such participant (and each change thereto, whether by assignment or otherwise) and (iiB) the rights, interest or obligation of each such participant in any Obligation owing to such Lender, in any Loan Commitment or any portion of the Loan and in any right of such Lender to receive any payment hereunder.

Appears in 1 contract

Samples: Loan Agreement (Summit Healthcare REIT, Inc)

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Records of Lenders. Each Lender shall maintain, maintain in accordance with its usual practice, practice accounts evidencing the Indebtedness of Borrower Borrowers to each Lender resulting from the Proportionate Pro Rata Share of the Loan of such Lender from time to time outstanding, including the amounts of principal and interest payable and paid to such Lender from time to time under this Agreement. In addition, with respect to each Lender having sold a participation interest in any of the Obligations owing to it, such LenderXxxxxx, acting as agent of Borrower Borrowers solely for this purpose and solely for tax purposes, shall establish and maintain at its address referred to in Section 10.1 11.1 (or at such other address as Administrative Agent shall notify BorrowerBorrowers) a record of ownership, in CONA – Healthcare Trust, Inc. 92119388.8 which such Lender shall register by book entry (i) the name and address of each such participant (and each change thereto, whether by assignment or otherwise) and (ii) the rights, interest or obligation of each such participant in any Obligation owing to such Lender, in any Loan Commitment or any portion of the Loan and in any right of such Lender to receive any payment hereunder.

Appears in 1 contract

Samples: Loan Agreement (Healthcare Trust, Inc.)

Records of Lenders. Each Lender shall maintain, maintain in accordance with its usual practice, practice accounts evidencing the Indebtedness of Borrower Borrowers to each Lender resulting from the Proportionate Pro Rata Share of the Loan of such Lender from time to time outstanding, including the amounts of principal and interest payable and paid to such Lender from time to time under this Agreement. In addition, with respect to each Lender having sold a participation interest in any of the Obligations owing to it, such Lender, acting as agent of Borrower Borrowers solely for this purpose and solely for tax purposes, shall establish and maintain at its address referred to in Section 10.1 12.1 (or at such other address as Administrative Agent shall notify BorrowerBorrowers) a record of ownership, in which such Lender shall register by book entry (iA) the name and address of each such participant (and each change thereto, whether by assignment or otherwise) and (iiB) the rights, interest or obligation of each such participant in any Obligation owing to such Lender, in any Loan Commitment or any portion of the Loan and in any right of such Lender to receive any payment hereunder.

Appears in 1 contract

Samples: Loan Agreement (CareTrust REIT, Inc.)

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