The Register. (i) The Administrative Agent shall, acting solely for this purpose as a non-fiduciary agent of the Borrower, maintain at the Funding and Payment Office a register for the recordation of the names and addresses of the Lenders and the principal amount and stated interest of the Loans and the Commitment of each Lender from time to time (the “Register”). The Register shall be available for inspection by the Borrower or any Lender at any reasonable time and from time to time upon reasonable prior notice. (ii) The Administrative Agent shall record in the Register the Commitment and the Loans of each Lender, and each repayment or prepayment of the principal amount of such Loans. Any such recordation shall be conclusive and binding on the Borrower and each Lender, absent manifest error; provided that failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s Commitment or the Obligations in respect of any applicable Loan. (iii) Each Lender shall record on its internal records (or, at such Lender’s option, on the Note held by such Lender) the amount of each Loan made by it and each payment thereof. Any such recordation shall be conclusive and binding on the Borrower, absent manifest error; provided that failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s Commitment or the Obligations in respect of any applicable Loan; and provided, further, that in the event of any inconsistency between the Register and any Lender’s records, the recordations in the Register shall govern (absent manifest error therein). (iv) The Borrower, the Administrative Agent and the Lenders shall deem and treat the Persons listed as Lenders in the Register as the holders and owners of the corresponding Commitments and Loans listed therein for all purposes hereof, and no assignment or transfer of any such Commitment or Loan shall be effective, in each case unless and until an Assignment Agreement effecting the assignment or transfer thereof shall have been accepted by the Administrative Agent and recorded in the Register as provided in Section 8.1C. Prior to such recordation, all amounts owed with respect to the applicable Commitment or Loan shall be owed to the Lender listed in the Register as the owner thereof, and any request, authority or consent of any Person who, at the time of making such request or giving such authority or consent, is listed in the Register as a Lender shall be conclusive and binding on any subsequent holder, assignee or transferee of the corresponding Commitments or Loans.
Appears in 6 contracts
Samples: Credit Agreement (Assurant, Inc.), Credit Agreement (Assurant Inc), Term Loan Agreement (Assurant Inc)
The Register. (a) The Agent shall maintain a register (each, a “Register”), which shall include a master account and a subsidiary account for each applicable Lender and in which accounts (taken together) shall be recorded (i) the date and amount of each Borrowing made hereunder, the Type of each Term Loan comprising such Borrowing and any Interest Period applicable thereto, (ii) the effective date and amount of each Assignment and Acceptance delivered to and accepted by it and the parties thereto, (iii) the amount of any principal or stated interest due and payable or to become due and payable from the Borrower to each Lender hereunder or under the notes payable by the Borrower to such Lender, and (iv) the amount of any sum received by the Agent from the Borrower or any other Obligor and each Lender’s ratable share thereof. Each Register shall be available for inspection by the Borrower or any applicable Lender (with respect to its own Term Loans and Term Loan Commitments only) at one of the offices of the Agent referred to in Section 14.8 at any reasonable time and from time to time upon reasonable prior written notice. Any failure of the Agent to record in the applicable Register, or any error in doing so, shall not limit or otherwise affect the obligation of the Borrower hereunder (or under any Loan Document) to pay any amount owing with respect to the Term Loans or provide the basis for any claim against the Agent. The Administrative Term Loans are registered obligations and the right, title and interest of any Lender and their assignees in and to such Term Loans as the case may be, shall be transferable only upon notation of such transfer in the applicable Register. Upon the request of any Lender, the Borrower shall execute and deliver to such Lender a Note payable to such Lender, which shall evidence such Lender’s Term Loans in addition to such accounts or records. Each Lender may attach schedules to its Note and endorse thereon the date, Type (if applicable), amount and maturity of its Term Loans and payments with respect thereto. Solely for purposes of this Section 13.18, the Agent shallshall be the Borrower’s agent for purposes of maintaining the applicable Register (but the Agent shall have no liability whatsoever to the Borrower or any other Person on account of any inaccuracies contained in the applicable Register). The Obligors and the Agent intend that the Term Loans will be treated as at all times maintained in “registered form” within the meaning of Sections 163(f), 871(h)(2) and 881(c)(2) of the Code and any related regulations (and any other relevant or successor provisions of the Code or such regulations).
(b) In the event that any Lender sells participations in any Term Loan, Term Loan Commitment or other interest of such Lender hereunder or under any other Loan Document, such Lender, acting solely for this purpose as a non-fiduciary agent of the Borrower, shall maintain at the Funding and Payment Office a register for on which it enters the recordation name of all Participants in the names and addresses of the Lenders Term Loans held by it and the principal amount (and related stated interest thereon) of the portion of the Term Loans and or Term Loan Commitments which are the Commitment subject of each Lender from time to time the participation (the “Participant Register”). A Term Loan or Term Loan Commitment may be participated in whole or in part only by registration of such participation on the Participant Register (and each note shall expressly so provide). Any participation of such Term Loans or Term Loan Commitments may be effected only by the registration of such participation on the Participant Register. No Lender shall have any obligation to disclose all or any portion of the Participant Register to any Person (including the identity of any Participant or any information relating to a Participant’s interest in any Term Loan Commitments, Term Loans or its other obligations under any Loan Document) except to the extent that such disclosure is necessary to establish that such Term Loan Commitment, Term Loan or other obligation is in registered form under Section 5f.103-1(c) of the United States Treasury Regulations. The entries in the Participant Register shall be available for inspection by the Borrower or any Lender at any reasonable time and from time to time upon reasonable prior noticeconclusive absent manifest error.
(iic) The Administrative Each Register shall be maintained by the Agent shall record in the Register the Commitment and the Loans of each Lender, and each repayment or prepayment as a non-fiduciary agent of the principal amount of such LoansBorrower. Any such recordation Each Register shall be conclusive and binding on the Borrower and each Lender, absent manifest error; provided that failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s Commitment or the Obligations in respect of any applicable Loan.
(iii) Each Lender shall record on its internal records (or, at such Lender’s option, on the Note held by such Lender) the amount of each Loan made by it and each payment thereof. Any such recordation shall be conclusive and binding on the Borrower, absent manifest error; provided that failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s Commitment or the Obligations in respect of any applicable Loan; and provided, further, that in the event of any inconsistency between the Register and any Lender’s records, the recordations in the Register shall govern (absent manifest error therein).
(iv) The Borrower, the Administrative Agent and the Lenders shall deem and treat the Persons listed as Lenders in the Register as the holders and owners of the corresponding Commitments and Loans listed therein for all purposes hereof, and no assignment or transfer of any such Commitment or Loan shall be effective, in each case unless and until an Assignment Agreement effecting the assignment or transfer thereof shall have been accepted by the Administrative Agent and recorded in the Register as provided in Section 8.1C. Prior to such recordation, all amounts owed with respect to the applicable Commitment or Loan shall be owed to the Lender listed in the Register as the owner thereof, and any request, authority or consent of any Person who, at the time of making such request or giving such authority or consent, is listed in the Register as a Lender shall be conclusive and binding on any subsequent holder, assignee or transferee of the corresponding Commitments or Loans.
Appears in 5 contracts
Samples: Term Loan Credit Agreement (ProFrac Holding Corp.), Term Loan Credit Agreement (ProFrac Holding Corp.), Term Loan Credit Agreement (ProFrac Holding Corp.)
The Register. (i) The Administrative Agent shallAgent, acting for these purposes solely for this purpose as a non-fiduciary an agent of the BorrowerCompany (it being acknowledged that Administrative Agent, in such capacity, and its officers, directors, employees, agent and affiliates shall constitute Indemnitees under subsection 10.3), shall maintain (and make available for inspection by Company upon reasonable prior notice at the Funding and Payment Office reasonable times) at its address referred to in subsection 10.8 a register for the recordation of of, and shall record, the names and addresses of the Lenders and the principal amount and stated interest respective amounts of the Revolving Loan Commitment, Swing Line Loan Commitment, Revolving Loans and the Commitment Swing Line Loans of each Lender from time to time (the “Register”). The Register shall be available for inspection by the Borrower or any Lender at any reasonable time and from time to time upon reasonable prior notice.
(ii) The Administrative Agent shall record in the Register the Commitment and the Loans of each LenderCompany, and each repayment or prepayment of the principal amount of such Loans. Any such recordation shall be conclusive and binding on the Borrower and each Lender, absent manifest error; provided that failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s Commitment or the Obligations in respect of any applicable Loan.
(iii) Each Lender shall record on its internal records (or, at such Lender’s option, on the Note held by such Lender) the amount of each Loan made by it and each payment thereof. Any such recordation shall be conclusive and binding on the Borrower, absent manifest error; provided that failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s Commitment or the Obligations in respect of any applicable Loan; and provided, further, that in the event of any inconsistency between the Register and any Lender’s records, the recordations in the Register shall govern (absent manifest error therein).
(iv) The Borrower, the Administrative Agent and the Lenders shall deem and treat the Persons listed as Lenders in the Register as the holders and owners of the corresponding Commitments and Loans listed therein for all purposes hereof, and no assignment or transfer of any such Commitment or Loan shall be effective, in each case unless and until an Assignment Agreement effecting the assignment or transfer thereof shall have been accepted by the Administrative Agent and recorded in the Register as provided in Section 8.1C. Prior to such recordation, ; all amounts owed with respect to the applicable any Commitment or Loan shall be owed to the Lender listed in the Register as the owner thereof, ; and any request, authority or consent of any Person who, at the time of making such request or giving such authority or consent, is listed in the Register as a Lender shall be conclusive and binding on any subsequent holder, assignee or transferee of the corresponding Commitments or Loans. Each Lender shall record on its internal records the amount of its Loans and Commitments and each payment in respect hereof, and any such recordation shall be conclusive and binding on Company, absent manifest error, subject to the entries in the Register, which shall, absent manifest error, govern in the event of any inconsistency with any Lender’s records. Failure to make any recordation in the Register or in any Lender’s records, or any error in such recordation, shall not affect any Loans or Commitments or any Obligations in respect of any Loans.
Appears in 4 contracts
Samples: Credit Agreement (Ruths Hospitality Group, Inc.), Credit Agreement (Ruths Chris Steak House, Inc.), Credit Agreement (Ruths Hospitality Group, Inc.)
The Register. (a) The Agent shall maintain a register (each, a “Register”), which shall include a master account and a subsidiary account for each applicable Lender and in which accounts (taken together) shall be recorded (i) the date and amount of each Borrowing made hereunder, the Type of each Loan comprising such Borrowing and any Interest Period applicable thereto, (ii) the effective date and amount of each Assignment and Acceptance delivered to and accepted by it and the parties thereto, (iii) the amount of any principal or interest due and payable or to become due and payable from the Borrower to each Lender hereunder or under the notes payable by the Borrower to such Lender, and (iv) the amount of any sum received by the Agent from the Borrower or any other Obligor and each Lender’s ratable share thereof. Each Register shall be available for inspection by the Borrower or any applicable Lender (with respect to its own Loans and Commitments only) at the office of the Agent referred to in Section 14.8 at any reasonable time and from time to time upon reasonable prior notice. Any failure of the Agent to record in the applicable Register, or any error in doing so, shall not limit or otherwise affect the obligation of the Borrower hereunder (or under any Loan Document) to pay any amount owing with respect to the Loans or provide the basis for any claim against the Agent. The Administrative Loans and Letters of Credit are registered obligations and the right, title and interest of any Lender and their assignees in and to such Loans and Letters of Credit as the case may be, shall be transferable only upon notation of such transfer in the applicable Register. Upon the request of any Lender made through the Agent, the Borrower shall execute and deliver to such Lender (through the Agent) a Note payable to such Lender, which shall evidence such Lender’s Loans in addition to such accounts or records. Each Lender may attach schedules to its Note and endorse thereon the date, Type (if applicable), amount and maturity of its Loans and payments with respect thereto. Solely for purposes of this Section 13.20, the Agent shallshall be the Borrower’s agent for purposes of maintaining the applicable Register (but the Agent shall have no liability whatsoever to the Borrower or any other Person on account of any inaccuracies contained in the applicable Register). The Obligors and the Agent intend that the Loans and Letters of Credit will be treated as at all times maintained in “registered form” within the meaning of Sections 163(f), 871(h)(2) and 881(c)(2) of the Internal Revenue Code and any related regulations (and any other relevant or successor provisions of the Internal Revenue Code or such regulations).
(b) In the event that any Lender sells participations in any Loan, Commitment or other interest of such Lender hereunder or under any other Loan Document, such Lender, acting solely for this purpose as a non-fiduciary agent of the Borrower, shall maintain at the Funding and Payment Office a register for on which it enters the recordation name of all Participants in the names and addresses of the Lenders Loans held by it and the principal amount (and stated related interest thereon) of the portion of the Loans and or Commitments which are the Commitment subject of each Lender from time to time the participation (the “Participant Register”). A Loan or Commitment may be participated in whole or in part only by registration of such participation on the Participant Register (and each note shall expressly so provide). Any participation of such Loans or Commitments may be effected only by the registration of such participation on the Participant Register. No Lender shall have any obligation to disclose all or any portion of the Participant Register to any Person (including the identity of any Participant or any information relating to a Participant’s interest in any Commitments, Loans, Letters of Credit or its other obligations under any Loan Document) except to the extent that such disclosure is necessary to establish that such Commitment, Loan, Letter of Credit or other obligation is in registered form under Section 45.103-1(c) of the United States Treasury Regulations. The entries in the Participant Register shall be available for inspection by the Borrower or any Lender at any reasonable time and from time to time upon reasonable prior noticeconclusive absent manifest error.
(iic) The Administrative Each Register shall be maintained by the Agent shall record in the Register the Commitment and the Loans of each Lender, and each repayment or prepayment as a non-fiduciary agent of the principal amount of such LoansBorrower. Any such recordation Each Register shall be conclusive and binding on the Borrower and each Lender, absent manifest error; provided that failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s Commitment or the Obligations in respect of any applicable Loan.
(iii) Each Lender shall record on its internal records (or, at such Lender’s option, on the Note held by such Lender) the amount of each Loan made by it and each payment thereof. Any such recordation shall be conclusive and binding on the Borrower, absent manifest error; provided that failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s Commitment or the Obligations in respect of any applicable Loan; and provided, further, that in the event of any inconsistency between the Register and any Lender’s records, the recordations in the Register shall govern (absent manifest error therein).
(iv) The Borrower, the Administrative Agent and the Lenders shall deem and treat the Persons listed as Lenders in the Register as the holders and owners of the corresponding Commitments and Loans listed therein for all purposes hereof, and no assignment or transfer of any such Commitment or Loan shall be effective, in each case unless and until an Assignment Agreement effecting the assignment or transfer thereof shall have been accepted by the Administrative Agent and recorded in the Register as provided in Section 8.1C. Prior to such recordation, all amounts owed with respect to the applicable Commitment or Loan shall be owed to the Lender listed in the Register as the owner thereof, and any request, authority or consent of any Person who, at the time of making such request or giving such authority or consent, is listed in the Register as a Lender shall be conclusive and binding on any subsequent holder, assignee or transferee of the corresponding Commitments or Loans.
Appears in 4 contracts
Samples: Credit Agreement (ProPetro Holding Corp.), Credit Agreement (ProPetro Holding Corp.), Credit Agreement (ProPetro Holding Corp.)
The Register. (i) The Administrative Agent shallAgent, acting for these purposes solely for this purpose as a non-fiduciary an agent of the BorrowerCompany (it being acknowledged that Administrative Agent, in such capacity, and its officers, directors, employees, agents and affiliates shall constitute Indemnitees under subsection 10.3), shall maintain (and make available for inspection by Company and Lenders upon reasonable prior notice at the Funding and Payment Office reasonable times at its address referred to in subsection 10.8) a register for the recordation of of, and shall record, the names and addresses of the Lenders and the principal amount and stated interest respective amounts of the Tranche B Term Loan Commitment, Revolving Loan Commitment, Swing Line Loan Commitment, Incremental Term Loan Commitments, Incremental Revolving Loan Commitments, Tranche B Term Loans, Revolving Loans, Swing Line Loans, Incremental Term Loans and the Commitment Incremental Revolving Loans of each Lender from time to time (the “Register”). The Register shall be available for inspection by the Borrower or any Lender at any reasonable time and from time to time upon reasonable prior notice.
(ii) The Administrative Agent shall record in the Register the Commitment and the Loans of each LenderCompany, and each repayment or prepayment of the principal amount of such Loans. Any such recordation shall be conclusive and binding on the Borrower and each Lender, absent manifest error; provided that failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s Commitment or the Obligations in respect of any applicable Loan.
(iii) Each Lender shall record on its internal records (or, at such Lender’s option, on the Note held by such Lender) the amount of each Loan made by it and each payment thereof. Any such recordation shall be conclusive and binding on the Borrower, absent manifest error; provided that failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s Commitment or the Obligations in respect of any applicable Loan; and provided, further, that in the event of any inconsistency between the Register and any Lender’s records, the recordations in the Register shall govern (absent manifest error therein).
(iv) The Borrower, the Administrative Agent and the Lenders shall deem and treat the Persons listed as Lenders in the Register as the holders and owners of the corresponding Commitments and Loans listed therein for all purposes hereof, and no assignment or transfer of any such Commitment or Loan shall be effective, in each case unless and until an Assignment Agreement effecting the assignment or transfer thereof shall have been accepted by the Administrative Agent and recorded in the Register as provided in Section 8.1C. Prior to such recordation, ; all amounts owed with respect to the applicable any Commitment or Loan shall be owed to the Lender listed in the Register as the owner thereof, ; and any request, authority or consent of any Person who, at the time of making such request or giving such authority or consent, is listed in the Register as a Lender shall be conclusive and binding on any subsequent holder, assignee or transferee of the corresponding Commitments or Loans. Each Lender shall record on its internal records the amount of its Loans and Commitments and each payment in respect hereof, and any such recordation shall be conclusive and binding on Company, absent manifest error, subject to the entries in the Register, which shall, absent manifest error, govern in the event of any inconsistency with any Lender’s records. Failure to make any recordation in the Register or in any Lender’s records, or any error in such recordation, shall not affect any Loans or Commitments or any Obligations in respect of any Loans.
Appears in 3 contracts
Samples: Credit Agreement (Hexcel Corp /De/), Credit Agreement (Hexcel Corp /De/), Credit Agreement (Hexcel Corp /De/)
The Register. (ia) The Administrative Agent shall, acting solely for this purpose as a non-fiduciary agent of the Borrower, shall maintain at the Funding and Payment Office a register for the recordation of the names and addresses of the Lenders and the principal amount and stated interest of the Loans and the Commitment of each Lender from time to time (the each, a “Register”), which shall include a master account and a subsidiary account for each applicable Lender and in which accounts (taken together) shall be recorded (i) the date and amount of each Borrowing made hereunder, the Type of each Loan comprising such Borrowing and any Interest Period or BA Equivalent Interest Period applicable thereto, (ii) the effective date and amount of each Assignment and Acceptance delivered to and accepted by it and the parties thereto, (iii) the amount of any principal or interest due and payable or to become due and payable from the applicable Borrowers to each Lender hereunder or under the notes payable by the applicable Borrowers to such Lender, and (iv) the amount of any sum received by the Agent from the applicable Borrowers or any other Obligor and each Lender’s ratable share thereof. The Each Register shall be available for inspection by the Borrower applicable Borrowers or any applicable Lender (with respect to its own interest only) at the respective offices of the Agent at any reasonable time and from time to time upon reasonable prior notice.
(ii) The Administrative . Any failure of the Agent shall to record in the Register the Commitment and the Loans of each Lender, and each repayment or prepayment of the principal amount of such Loans. Any such recordation shall be conclusive and binding on the Borrower and each Lender, absent manifest error; provided that failure to make any such recordationapplicable Register, or any error in such recordationdoing so, shall not limit or otherwise affect the obligation of the applicable Borrowers hereunder (or under any Lender’s Commitment Loan Document) to pay any amount owing with respect to the Loans or provide the basis for any claim against the Agent. The Obligations and Letters of Credit are registered obligations and the right, title and interest of any Lender and their assignees in and to such Obligations and Letters of Credit as the case may be, shall be transferable only upon notation of such transfer in the applicable Register. Solely for purposes of this Section 13.21 and for Tax purposes only, the Agent shall be the applicable Borrowers’ agent for purposes of maintaining the applicable Register (but the Agent shall have no liability whatsoever to any applicable Borrower or any other Person on account of any inaccuracies contained in the applicable Register). This Section 13.21 shall be construed so that the Obligations and Letters of Credit are at all times maintained in respect “registered form” within the meaning of any applicable Loan.
(iiiSections 163(f), 871(h)(2) Each Lender shall record on its internal records (or, at such Lender’s option, on and 881(c)(2) of the Note held by such Lender) the amount of each Loan made by it and each payment thereof. Any such recordation shall be conclusive and binding on the Borrower, absent manifest error; provided that failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s Commitment or the Obligations in respect of any applicable Loan; and provided, further, that in the event of any inconsistency between the Register Code and any Lender’s records, related regulations (and any other relevant or successor provisions of the recordations in the Register shall govern (absent manifest error thereinCode or such regulations).
(ivb) The BorrowerIn the event that any Lender sells participations in any Loan, Commitment or other interest of such Lender hereunder or under any other Loan Document, such Lender shall maintain a register on which it enters the Administrative Agent name of all participants in the Obligations held by it and the Lenders principal amount (and stated interest thereon) of the portion of the Obligations which is the subject of the participation (the “Participant Register”). An Obligation may be participated in whole or in part only by registration of such participation on the Participant Register (and each note shall deem and treat expressly so provide). Any participation of such Obligations may be effected only by the Persons listed as Lenders registration of such participation on the Participant Register. The entries in the Participant Register as the holders and owners of the corresponding Commitments and Loans listed therein for all purposes hereofshall be conclusive absent manifest error, and no assignment or transfer of any such Commitment or Loan Lender shall be effective, in treat each case unless and until an Assignment Agreement effecting the assignment or transfer thereof shall have been accepted by the Administrative Agent and Person whose name is recorded in the Register as provided in Section 8.1C. Prior to such recordation, all amounts owed with respect to the applicable Commitment or Loan shall be owed to the Lender listed in the Participant Register as the owner thereof, and of such participation for all purposes of this Agreement notwithstanding any request, authority or consent of any Person who, at notice to the time of making such request or giving such authority or consent, is listed in the contrary. The Participant Register as a Lender shall be conclusive available for inspection by the Borrowers at any reasonable time and binding on any subsequent holder, assignee or transferee from time to time upon reasonable prior notice. For the avoidance of doubt the corresponding Commitments or LoansAgent (in its capacity as Agent) shall have no responsibility for maintaining a Participant Register.
Appears in 3 contracts
Samples: Credit Agreement (United Rentals North America Inc), Credit Agreement (United Rentals North America Inc), Credit Agreement (United Rentals North America Inc)
The Register. (i) The For purposes of this subsection 2.1D, any reference to a Lender shall be construed to include Issuing Lender. Administrative Agent shallAgent, acting solely for this purpose these purposes as a non-fiduciary an agent of the BorrowerCompany (and such agency being solely for tax purposes) (it being acknowledged that Administrative Agent (and any sub-agent), in such capacity, its Affiliates and its Affiliates’ partners, officers, directors, employees, agents, trustees and advisors shall constitute Indemnitees under subsection 10.3), shall maintain (and make available for inspection by Company and Lenders upon reasonable prior notice at the Funding and Payment Office reasonable times at its address referred to in subsection 10.8) a register for the recordation of of, and shall record, the names and addresses of the Lenders and the principal amount and stated interest respective amounts of the Revolving Loan Commitment, Swing Line Loan Commitment, Incremental Term Loan Commitments, Incremental Revolving Loan Commitments, Revolving Loans, Swing Line Loans, Incremental Term Loans and the Commitment Incremental Revolving Loans, Letters of Credit of, and Obligations owed to each Lender from time to time (the “Register”). The Register shall be available for inspection by the Borrower or any Lender at any reasonable time and from time to time upon reasonable prior notice.
(ii) The Administrative Agent shall record in the Register the Commitment and the Loans of each Lender, and each repayment or prepayment of the principal amount of such Loans. Any such recordation shall be conclusive and binding on the Borrower and each Lender, absent manifest error; provided that failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s Commitment or the Obligations in respect of any applicable Loan.
(iii) Each Lender shall record on its internal records (or, at such Lender’s option, on the Note held by such Lender) the amount of each Loan made by it and each payment thereof. Any such recordation shall be conclusive and binding on the Borrower, absent manifest error; provided that failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s Commitment or the Obligations in respect of any applicable Loan; and provided, further, that in the event of any inconsistency between the Register and any Lender’s records, the recordations entries in the Register shall govern be conclusive (absent manifest error thereinerror).
(iv) The Borrower, the Company, Administrative Agent and the Lenders shall deem and treat the Persons listed as Lenders in the Register as the holders and owners of the corresponding Commitments and Loans listed therein for all purposes hereof, and no assignment or transfer of any such Commitment or Loan shall be effective, in each case unless and until an Assignment Agreement effecting the assignment or transfer thereof shall have been accepted by the Administrative Agent and recorded in the Register as provided in Section 8.1C. Prior to such recordation, ; all amounts owed with respect to the applicable any Commitment or Loan shall be owed to the Lender listed in the Register as the owner thereof, ; and any request, authority or consent of any Person who, at the time of making such request or giving such authority or consent, is listed in the Register as a Lender shall be conclusive and binding on any subsequent holder, assignee or transferee of the corresponding Commitments or Loans. Each Lender shall record on its internal records the amount of its Loans and Commitments and each payment in respect hereof, and any such recordation shall be conclusive and binding on Company, absent manifest error, subject to the entries in the Register, which shall, absent manifest error, govern in the event of any inconsistency with any Lender’s records. Failure to make any recordation in the Register or in any Lender’s records, or any error in such recordation, shall not affect any Loans or Commitments or any Obligations in respect of any Loans. In addition, Administrative Agent shall maintain on the Register information regarding the designation, and revocation of designation, of any Lender as a Defaulting Lender (and as a Voting Defaulting Lender).
Appears in 3 contracts
Samples: Loan Agreement (Hexcel Corp /De/), Credit Agreement (Hexcel Corp /De/), Credit Agreement (Hexcel Corp /De/)
The Register. (a) The Agent shall maintain a register (each, a “Register”), which shall include a master account and a subsidiary account for each applicable Lender and in which accounts (taken together) shall be recorded (i) the date and amount of each Borrowing made hereunder, the Type of each Loan comprising such Borrowing and any Interest Period applicable thereto, (ii) the effective date and amount of each Assignment and Acceptance delivered to and accepted by it and the parties thereto, (iii) the amount of any principal or stated interest due and payable or to become due and payable from the Borrower to each Lender hereunder or under the notes payable by the Borrower to such Lender, and (iv) the amount of any sum received by the Agent from the Borrower or any other Obligor and each Lender’s ratable share thereof. Each Register shall be available for inspection by the Borrower or any applicable Lender (with respect to its own Loans and Commitments only) at the office of the Agent referred to in Section 14.8 at any reasonable time and from time to time upon reasonable prior written notice. Any failure of the Agent to record in the applicable Register, or any error in doing so, shall not limit or otherwise affect the obligation of the Borrower hereunder (or under any Loan Document) to pay any amount owing with respect to the Loans or provide the basis for any claim against the Agent. The Administrative Loans and Letters of Credit are registered obligations and the right, title and interest of any Lender and their assignees in and to such Loans and Letters of Credit as the case may be, shall be transferable only upon notation of such transfer in the applicable Register. Upon the request of any Lender made through the Agent, the Borrower shall execute and deliver to such Lender (through the Agent) a Note payable to such Lender, which shall evidence such Lender’s Loans in addition to such accounts or records. Each Lender may attach schedules to its Note and endorse thereon the date, Type (if applicable), amount and maturity of its Loans and payments with respect thereto. Solely for purposes of this Section 13.20, the Agent shallshall be the Borrower’s agent for purposes of maintaining the applicable Register (but the Agent shall have no liability whatsoever to the Borrower or any other Person on account of any inaccuracies contained in the applicable Register). The Obligors and the Agent intend that the Loans and Letters of Credit will be treated as at all times maintained in “registered form” within the meaning of Sections 163(f), 871(h)(2) and 881(c)(2) of the Internal Revenue Code and any related regulations (and any other relevant or successor provisions of the Internal Revenue Code or such regulations).
(b) In the event that any Lender sells participations in any Loan, Commitment or other interest of such Lender hereunder or under any other Loan Document, such Lender, acting solely for this purpose as a non-fiduciary agent of the Borrower, shall maintain at the Funding and Payment Office a register for on which it enters the recordation name of all Participants in the names and addresses of the Lenders Loans held by it and the principal amount (and stated related interest thereon) of the portion of the Loans and or Commitments which are the Commitment subject of each Lender from time to time the participation (the “Participant Register”). A Loan or Commitment may be participated in whole or in part only by registration of such participation on the Participant Register (and each note shall expressly so provide). Any participation of such Loans or Commitments may be effected only by the registration of such participation on the Participant Register. No Lender shall have any obligation to disclose all or any portion of the Participant Register to any Person (including the identity of any Participant or any information relating to a Participant’s interest in any Commitments, Loans, Letters of Credit or its other obligations under any Loan Document) except to the extent that such disclosure is necessary to establish that such Commitment, Loan, Letter of Credit or other obligation is in registered form under Section 45.103-1(c) of the United States Treasury Regulations. The entries in the Participant Register shall be available for inspection by the Borrower or any Lender at any reasonable time and from time to time upon reasonable prior noticeconclusive absent manifest error.
(iic) The Administrative Each Register shall be maintained by the Agent shall record in the Register the Commitment and the Loans of each Lender, and each repayment or prepayment as a non-fiduciary agent of the principal amount of such LoansBorrower. Any such recordation Each Register shall be conclusive and binding on the Borrower and each Lender, absent manifest error; provided that failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s Commitment or the Obligations in respect of any applicable Loan.
(iii) Each Lender shall record on its internal records (or, at such Lender’s option, on the Note held by such Lender) the amount of each Loan made by it and each payment thereof. Any such recordation shall be conclusive and binding on the Borrower, absent manifest error; provided that failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s Commitment or the Obligations in respect of any applicable Loan; and provided, further, that in the event of any inconsistency between the Register and any Lender’s records, the recordations in the Register shall govern (absent manifest error therein).
(iv) The Borrower, the Administrative Agent and the Lenders shall deem and treat the Persons listed as Lenders in the Register as the holders and owners of the corresponding Commitments and Loans listed therein for all purposes hereof, and no assignment or transfer of any such Commitment or Loan shall be effective, in each case unless and until an Assignment Agreement effecting the assignment or transfer thereof shall have been accepted by the Administrative Agent and recorded in the Register as provided in Section 8.1C. Prior to such recordation, all amounts owed with respect to the applicable Commitment or Loan shall be owed to the Lender listed in the Register as the owner thereof, and any request, authority or consent of any Person who, at the time of making such request or giving such authority or consent, is listed in the Register as a Lender shall be conclusive and binding on any subsequent holder, assignee or transferee of the corresponding Commitments or Loans.
Appears in 3 contracts
Samples: Credit Agreement (ProFrac Holding Corp.), Credit Agreement (ProFrac Holding Corp.), Credit Agreement (ProFrac Holding Corp.)
The Register. (i) The Administrative Agent shallAgent, acting for these purposes solely for this purpose as a non-fiduciary an agent of Company (it being acknowledged that Administrative Agent, in such capacity, and its officers, directors, employees, agent and affiliates shall constitute Indemnitees under subsection 10.3), shall maintain (and make available for inspection by Company and by each Lender, but only as to information regarding the BorrowerLoans made by such Lender, maintain upon reasonable prior notice at the Funding and Payment Office reasonable times) at its address referred to in subsection 10.8 a register for the recordation of of, and shall record, the names and addresses of the Lenders and the principal amount and stated interest respective amounts of the Revolving Loan Commitment, Swing Line Loan Commitment, Revolving Loans and the Commitment Swing Line Loans of each Lender from time to time (the “Register”). The Register shall be available for inspection by the Borrower or any Lender at any reasonable time and from time to time upon reasonable prior notice.
(ii) The Administrative Agent shall record in the Register the Commitment and the Loans of each LenderCompany, and each repayment or prepayment of the principal amount of such Loans. Any such recordation shall be conclusive and binding on the Borrower and each Lender, absent manifest error; provided that failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s Commitment or the Obligations in respect of any applicable Loan.
(iii) Each Lender shall record on its internal records (or, at such Lender’s option, on the Note held by such Lender) the amount of each Loan made by it and each payment thereof. Any such recordation shall be conclusive and binding on the Borrower, absent manifest error; provided that failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s Commitment or the Obligations in respect of any applicable Loan; and provided, further, that in the event of any inconsistency between the Register and any Lender’s records, the recordations in the Register shall govern (absent manifest error therein).
(iv) The Borrower, the Administrative Agent and the Lenders shall deem and treat the Persons listed as Lenders in the Register as the holders and owners of the corresponding Commitments and Loans listed therein for all purposes hereof, and no assignment or transfer of any such Commitment or Loan shall be effective, in each case unless and until an Assignment Agreement effecting the assignment or transfer thereof shall have been accepted by the Administrative Agent and recorded in the Register as provided in Section 8.1C. Prior to such recordation, ; all amounts owed with respect to the applicable any Commitment or Loan shall be owed to the Lender listed in the Register as the owner thereof, ; and any request, authority or consent of any Person who, at the time of making such request or giving such authority or consent, is listed in the Register as a Lender shall be conclusive and binding on any subsequent holder, assignee or transferee of the corresponding Commitments or Loans. Each Lender shall record on its internal records the amount of its Loans and Commitments and each payment in respect hereof, and any such recordation shall be conclusive and binding on Company, absent manifest error, subject to the entries in the Register, which shall, absent manifest error, govern in the event of any inconsistency with any Lender’s records. Failure to make any recordation in the Register or in any Lender’s records, or any error in such recordation, shall not affect any Loans or Commitments or any Obligations in respect of any Loans.
Appears in 3 contracts
Samples: Credit Agreement (Ameriprise Financial Inc), Credit Agreement (Ameriprise Financial Inc), Credit Agreement (Stancorp Financial Group Inc)
The Register. (a) The Agent shall maintain a register (each, a “Register”), which shall include a master account and a subsidiary account for each applicable Lender and in which accounts (taken together) shall be recorded (i) the date and amount of each Borrowing made hereunder, the Type of each Loan comprising such Borrowing and any Interest Period applicable thereto, (ii) the effective date and amount of each Assignment and Acceptance delivered to and accepted by it and the parties thereto, (iii) the amount of any principal or interest due and payable or to become due and payable from the Borrower to each Lender hereunder or under the notes payable by the Borrower to such Xxxxxx, and (iv) the amount of any sum received by the Agent from the Borrower or any other Obligor and each Xxxxxx’s ratable share thereof. Each Register shall be available for inspection by the Borrower or any applicable Lender (with respect to its own Loans and Commitments only) at the office of the Agent referred to in Section 14.8 at any reasonable time and from time to time upon reasonable prior notice. Any failure of the Agent to record in the applicable Register, or any error in doing so, shall not limit or otherwise affect the obligation of the Borrower hereunder (or under any Loan Document) to pay any amount owing with respect to the Loans or provide the basis for any claim against the Agent. The Administrative Loans and Letters of Credit are registered obligations and the right, title and interest of any Lender and their assignees in and to such Loans and Letters of Credit as the case may be, shall be transferable only upon notation of such transfer in the applicable Register. Upon the request of any Lender made through the Agent, the Borrower shall execute and deliver to such Lender (through the Agent) a Note payable to such Lender, which shall evidence such Xxxxxx’s Loans in addition to such accounts or records. Each Lender may attach schedules to its Note and endorse thereon the date, Type (if applicable), amount and maturity of its Loans and payments with respect thereto. Solely for purposes of this Section 13.20, the Agent shallshall be the Borrower’s agent for purposes of maintaining the applicable Register (but the Agent shall have no liability whatsoever to the Borrower or any other Person on account of any inaccuracies contained in the applicable Register). The Obligors and the Agent intend that the Loans and Letters of Credit will be treated as at all times maintained in “registered form” within the meaning of Sections 163(f), 871(h)(2) and 881(c)(2) of the Internal Revenue Code and any related regulations (and any other relevant or successor provisions of the Internal Revenue Code or such regulations).
(b) In the event that any Lender sells participations in any Loan, Commitment or other interest of such Lender hereunder or under any other Loan Document, such Xxxxxx, acting solely for this purpose as a non-fiduciary agent of the Borrower, shall maintain at the Funding and Payment Office a register for on which it enters the recordation name of all Participants in the names and addresses of the Lenders Loans held by it and the principal amount (and stated related interest thereon) of the portion of the Loans and or Commitments which are the Commitment subject of each Lender from time to time the participation (the “Participant Register”). A Loan or Commitment may be participated in whole or in part only by registration of such participation on the Participant Register (and each note shall expressly so provide). Any participation of such Loans or Commitments may be effected only by the registration of such participation on the Participant Register. No Lender shall have any obligation to disclose all or any portion of the Participant Register to any Person (including the identity of any Participant or any information relating to a Participant’s interest in any Commitments, Loans, Letters of Credit or its other obligations under any Loan Document) except to the extent that such disclosure is necessary to establish that such Commitment, Loan, Letter of Credit or other obligation is in registered form under Section 45.103-1(c) of the United States Treasury Regulations. The entries in the Participant Register shall be available for inspection by the Borrower or any Lender at any reasonable time and from time to time upon reasonable prior noticeconclusive absent manifest error.
(iic) The Administrative Each Register shall be maintained by the Agent shall record in the Register the Commitment and the Loans of each Lender, and each repayment or prepayment as a non-fiduciary agent of the principal amount of such LoansBorrower. Any such recordation Each Register shall be conclusive and binding on the Borrower and each Lender, absent manifest error; provided that failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s Commitment or the Obligations in respect of any applicable Loan.
(iii) Each Lender shall record on its internal records (or, at such Lender’s option, on the Note held by such Lender) the amount of each Loan made by it and each payment thereof. Any such recordation shall be conclusive and binding on the Borrower, absent manifest error; provided that failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s Commitment or the Obligations in respect of any applicable Loan; and provided, further, that in the event of any inconsistency between the Register and any Lender’s records, the recordations in the Register shall govern (absent manifest error therein).
(iv) The Borrower, the Administrative Agent and the Lenders shall deem and treat the Persons listed as Lenders in the Register as the holders and owners of the corresponding Commitments and Loans listed therein for all purposes hereof, and no assignment or transfer of any such Commitment or Loan shall be effective, in each case unless and until an Assignment Agreement effecting the assignment or transfer thereof shall have been accepted by the Administrative Agent and recorded in the Register as provided in Section 8.1C. Prior to such recordation, all amounts owed with respect to the applicable Commitment or Loan shall be owed to the Lender listed in the Register as the owner thereof, and any request, authority or consent of any Person who, at the time of making such request or giving such authority or consent, is listed in the Register as a Lender shall be conclusive and binding on any subsequent holder, assignee or transferee of the corresponding Commitments or Loans.
Appears in 3 contracts
Samples: Credit Agreement (ProFrac Holding Corp.), Credit Agreement (ProFrac Holding Corp.), Credit Agreement (ProFrac Holding Corp.)
The Register. (i) The Administrative Agent shallshall maintain, acting solely for this purpose as a non-fiduciary agent of the Borrowerat its address referred to in subsection 9.8, maintain at the Funding and Payment Office a register for the recordation of the names and addresses of the Lenders and the principal amount Commitments and stated interest of the Loans and the Commitment of each Lender from time to time (the “Register”"REGISTER"). The Register shall be available for inspection by the Borrower Company or any Lender at any reasonable time and from time to time upon reasonable prior notice.
(ii) The Administrative Agent shall record in the Register the Revolving Loan Commitment and the Existing Aircraft Extended Loans and New Aircraft Loans from time to time of each Lender, Lender and each repayment or prepayment in respect of the principal amount of such Loansthe Existing Aircraft Extended Loans and New Aircraft Loans of each Lender. Any such recordation shall be conclusive and binding on the Borrower Company and each Lender, absent manifest error; provided that failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s Commitment or the Company's Obligations in respect of any the applicable LoanLoans.
(iii) Each Lender shall record on its internal records (orincluding, at such Lender’s option, on without limitation the Note Notes held by such Lender) the amount of each Loan made by it and each payment in respect thereof. Any such recordation shall be conclusive and binding on the BorrowerCompany, absent manifest error; provided that failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s Commitment or the Company's Obligations in respect of any the applicable LoanLoans; and provided, further, that in the event of any inconsistency between the Register and any Lender’s 's records, the recordations in the Register shall govern (absent manifest error therein)govern.
(iv) The BorrowerCompany, the Administrative Agent and the Lenders shall deem and treat the Persons listed as Lenders in the Register as the holders and owners of the corresponding Commitments and Loans listed therein for all purposes hereof, and no assignment or transfer of any such Commitment or Loan shall be effective, in each case unless and until an Assignment Agreement effecting the assignment or transfer thereof shall have been accepted by the Administrative Agent and recorded in the Register as provided in Section 8.1C. subsection 9.1B(ii). Prior to such recordation, all amounts owed with respect to the applicable Commitment or Loan shall be owed to the Lender listed in the Register as the owner thereof, and any request, authority or consent of any Person who, at the time of making such request or giving such authority or consent, is listed in the Register as a Lender shall be conclusive and binding on any subsequent holder, assignee or transferee of the corresponding Commitments or Loans.
(v) Company hereby designates Administrative Agent to serve as Company's agent solely for purposes of maintaining the Register as provided in this subsection 2.1E, and Company hereby agrees that, to the extent Administrative Agent serves in such capacity, Administrative Agent and its officers, directors, employees, agents and affiliates shall constitute Indemnities for all purposes under subsection 9.3.
Appears in 3 contracts
Samples: Credit Agreement (Atlas Air Inc), Credit Agreement (Atlas Air Worldwide Holdings Inc), Credit Agreement (Atlas Air Inc)
The Register. (i) 2.4.1 The Administrative Agent shallshall maintain, acting solely for this purpose as a non-fiduciary agent of the Borrower, maintain at the Funding and Payment Office its address referred to in Section 8.8 a register for the recordation of the names and addresses of the Lenders and the principal amount Commitment and stated interest of the Loans and the Commitment of each Lender from time to time (the “Register”"REGISTER"). The Borrower, the Agent and the Lenders may treat each Person whose name is recorded in the Register as a Lender hereunder for all purposes of this Agreement. The Register shall be available for inspection by the Borrower or any Lender at any reasonable time and from time to time upon reasonable prior notice.
(ii) 2.4.2 The Administrative Agent shall record in the Register the Commitment and the Loans from time to time of each Lender, and each repayment or prepayment in respect of the principal amount of such Loansthe Loans of each Lender. Any such recordation shall be conclusive and binding on the Borrower and each Lender, absent manifest error; provided provided, however, that 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 the applicable LoanLoans.
(iii) 2.4.3 Each Lender shall record on its internal records (or, at such Lender’s option, on the Note held by such Lenderincluding any promissory note described in Section 2.4.4) the amount of each Loan made by it and each payment in respect thereof. Any such recordation shall be conclusive and binding on the Borrower, absent manifest error; provided provided, however, that 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 the applicable LoanLoans; and providedprovided further, furtherhowever, that in the event of any inconsistency between the Register and any Lender’s 's records, the recordations in the Register shall govern (absent manifest error therein)govern.
(iv) The 2.4.4 Any Lender may, by notice to the Agent and Borrower, request that all or part of the Administrative principal amount of Borrower's Loans from such Lender and such Lender's Commitment hereunder be evidenced by Notes. Within three Business Days of a Borrower's receipt of such notice, Borrower shall execute and deliver to the Agent and for delivery to the Lenders shall deem and treat the Persons listed as Lenders appropriate Lender a Note in the Register as amount(s) of such Lender's Commitment payable to the holders and owners notifying Lender or, if so specified in such notice, any Person who is an assignee of such Lender pursuant to Section 8.1 hereof. If the corresponding Commitments and Loans listed therein for all purposes hereof, and no assignment foreclosure or transfer other enforcement of any Mortgage or any other Security Document requires the presentation of a Note evidencing the Obligations secured by such Commitment Security Document and Borrower fails or Loan shall refuses to comply with a request for such Note, then a copy of this Agreement may be effective, presented in each case unless and until an Assignment Agreement effecting the assignment or transfer thereof shall have been accepted by the Administrative Agent and recorded in the Register as provided in Section 8.1C. Prior to lieu of such recordation, all amounts owed with respect to the applicable Commitment or Loan shall be owed to the Lender listed in the Register as the owner thereof, and any request, authority or consent of any Person who, at the time of making such request or giving such authority or consent, is listed in the Register as a Lender shall be conclusive and binding on any subsequent holder, assignee or transferee of the corresponding Commitments or LoansNote.
Appears in 2 contracts
Samples: Senior Secured Revolving Credit Agreement (Corporate Office Properties Trust), Senior Secured Revolving Credit Agreement (Corporate Office Properties Trust)
The Register. (i) The Administrative Agent shallAgent, acting for these purposes solely for this purpose as a non-fiduciary an agent of Company (it being acknowledged that Administrative Agent, in such capacity, and its officers, directors, employees, agent and affiliates shall constitute Indemnitees under subsection 10.3), shall maintain (and make available for inspection by Company and Lenders upon reasonable prior notice at reasonable times, provided that a Lender shall only be entitled to inspect its own entry in the Borrower, maintain Register and not that of any other Lender) at the Funding its address referred to in subsection 10.8 a copy of each Assignment Agreement delivered to it and Payment Office accepted by it as provided in subsection 10.1B(ii) and a register for the recordation of of, and shall record, the names and addresses of the Lenders and the principal amount and stated interest respective amounts of the Commitment and Loans and the Commitment of each Lender from time to time (the “Register”). The Register shall be available for inspection by the Borrower or any Lender at any reasonable time and from time to time upon reasonable prior notice.
(ii) The Company, Administrative Agent shall record in the Register the Commitment and the Loans of each Lender, and each repayment or prepayment of the principal amount of such Loans. Any such recordation shall be conclusive and binding on the Borrower and each LenderLenders shall, absent manifest error; provided that failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s Commitment or the Obligations in respect of any applicable Loan.
(iii) Each Lender shall record on its internal records (or, at such Lender’s option, on the Note held by such Lender) the amount of each Loan made by it and each payment thereof. Any such recordation shall be conclusive and binding on the Borrower, absent manifest error; provided that failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s Commitment or the Obligations in respect of any applicable Loan; and provided, further, that in the event of any inconsistency between the Register and any Lender’s records, the recordations in the Register shall govern (absent manifest error therein).
(iv) The Borrower, the Administrative Agent and the Lenders shall deem and treat the Persons listed as Lenders in the Register as the holders and owners of the corresponding Commitments and Loans listed therein for all purposes hereof, and no assignment or transfer of any such Commitment or Loan shall be effective, in each case unless and until an Assignment Agreement effecting notwithstanding notice to the assignment or transfer thereof shall have been accepted by the Administrative Agent and recorded in the Register as provided in Section 8.1C. Prior to such recordation, contrary; all amounts owed with respect to the applicable any Commitment or Loan shall be owed to the Lender listed in the Register as the owner thereof, ; and any request, authority or consent of any Person who, at the time of making such request or giving such authority or consent, is listed in the Register as a Lender shall be conclusive and binding on any subsequent holder, assignee or transferee of the corresponding Commitments or Loans. Each Lender shall record on its internal records the amount of its Loans and Commitments and each payment in respect hereof, and any such recordation shall be prima facie evidence of the matters recorded, subject to the entries in the Register, which shall, absent manifest error, govern in the event of any inconsistency with any Lender’s records. Failure to make any recordation in the Register or in any Lender’s records, or any error in such recordation, shall not affect any Loans or Commitments or any Obligations in respect of any Loans.
Appears in 2 contracts
Samples: Second Lien Credit Agreement (SafeNet Holding Corp), Second Lien Credit Agreement (SafeNet Holding Corp)
The Register. (i) The Administrative Agent shallAgent, acting for these purposes solely for this purpose as a non-fiduciary an agent of Company (it being acknowledged that Administrative Agent, in such capacity, and its officers, directors, employees, agent and affiliates shall constitute Indemnitees under subsection 10.3), shall maintain (and make available for inspection by Company and Lenders upon reasonable prior notice at reasonable times, provided that a Lender shall only be entitled to inspect its own entry in the Borrower, maintain Register and not that of any other Lender) at the Funding its address referred to in subsection 10.8 a copy of each Assignment Agreement delivered to it and Payment Office accepted by it as provided in subsection 10.1B(ii) and a register for the recordation of of, and shall record, the names and addresses of the Lenders and the principal amount and stated interest respective amounts of the Term Loan Commitment, Revolving Loan Commitment, Swing Line Loan Commitment, Term Loans, Revolving Loans and the Commitment Swing Line Loans of each Lender from time to time (the “Register”). The Register shall be available for inspection by the Borrower or any Lender at any reasonable time and from time to time upon reasonable prior notice.
(ii) The Company, Administrative Agent shall record in the Register the Commitment and the Loans of each Lender, and each repayment or prepayment of the principal amount of such Loans. Any such recordation shall be conclusive and binding on the Borrower and each LenderLenders shall, absent manifest error; provided that failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s Commitment or the Obligations in respect of any applicable Loan.
(iii) Each Lender shall record on its internal records (or, at such Lender’s option, on the Note held by such Lender) the amount of each Loan made by it and each payment thereof. Any such recordation shall be conclusive and binding on the Borrower, absent manifest error; provided that failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s Commitment or the Obligations in respect of any applicable Loan; and provided, further, that in the event of any inconsistency between the Register and any Lender’s records, the recordations in the Register shall govern (absent manifest error therein).
(iv) The Borrower, the Administrative Agent and the Lenders shall deem and treat the Persons listed as Lenders in the Register as the holders and owners of the corresponding Commitments and Loans listed therein for all purposes hereof, and no assignment or transfer of any such Commitment or Loan shall be effective, in each case unless and until an Assignment Agreement effecting notwithstanding notice to the assignment or transfer thereof shall have been accepted by the Administrative Agent and recorded in the Register as provided in Section 8.1C. Prior to such recordation, contrary; all amounts owed with respect to the applicable any Commitment or Loan shall be owed to the Lender listed in the Register as the owner thereof, ; and any request, authority or consent of any Person who, at the time of making such request or giving such authority or consent, is listed in the Register as a Lender shall be conclusive and binding on any subsequent holder, assignee or transferee of the corresponding Commitments or Loans. Each Lender shall record on its internal records the amount of its Loans and Commitments and each payment in respect hereof, and any such recordation shall be prima facie evidence of the matters recorded, subject to the entries in the Register, which shall, absent manifest error, govern in the event of any inconsistency with any Lender’s records. Failure to make any recordation in the Register or in any Lender’s records, or any error in such recordation, shall not affect any Loans or Commitments or any Obligations in respect of any Loans.
Appears in 2 contracts
Samples: First Lien Credit Agreement (SafeNet Holding Corp), First Lien Credit Agreement (SafeNet Holding Corp)
The Register. (i) The Administrative Agent shallshall maintain, acting solely for this purpose as a non-fiduciary agent of the Borrowerat its address referred to in subsection 10.7, maintain at the Funding and Payment Office a register for the recordation of the names and addresses of the Lenders and the principal amount Commitments and stated interest of the Loans and the Commitment (whether or not separately evidenced by one or more Notes) of each Lender from time to time (the “Register”"REGISTER"). The Register shall be available for inspection by the Borrower or any Lender at any reasonable time and from time to time upon reasonable prior notice.
(ii) The Administrative Agent shall record in the Register the Tranche A Term Loan Commitment, Tranche B Term Loan Commitment and Revolving Loan Commitment and the Tranche A Term Loans, Tranche B Term Loan and Revolving Loans from time to time of each Lender, the Swing Line Loan Commitment and the Swing Line Loans from time to time of Swing Line Lender and each repayment or prepayment in respect of the principal amount of such the Tranche A Term Loans, Tranche B Term Loan, or Revolving Loans of each Lender or the Swing Line Loans of Swing Line Lender. Any such recordation shall be conclusive and binding on the Borrower and each Lender, absent manifest clearly demonstrable error; provided PROVIDED that failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s Commitment 's Commitments or the Borrower's Obligations in respect of any applicable LoanLoans.
(iii) Each Lender shall record on its internal records (or, at such Lender’s option, on the Note including any Notes held by such Lender) the amount of each the Tranche B Term Loan and the Tranche A Term Loan and Revolving Loan made by it and each payment in respect thereof. Any such recordation shall be conclusive and binding on the Borrower, absent manifest clearly demonstrable error; provided PROVIDED that failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s Commitment 's Commitments or the Borrower's Obligations in respect of any applicable LoanLoans; and providedPROVIDED, further, FURTHER that in the event of any inconsistency between the Register and any Lender’s 's records, the recordations in the Register shall govern (absent manifest error therein)govern.
(iv) The Borrower, the Administrative Agent and the Lenders shall deem and treat the Persons listed as Lenders in the Register as the holders and owners of the corresponding Commitments and Loans listed therein for all purposes hereof, and no assignment or transfer of any such Commitment or Loan shall be effective, in each case unless and until an Assignment Agreement effecting the assignment or transfer thereof shall have been accepted by the Administrative Agent and recorded in the Register as provided in Section 8.1C. subsection 10.1B(ii). Any assignment or transfer of all or part of a Loan evidenced by a Note shall be registered on the Register only upon surrender for cancellation, accompanied by a duly executed Assignment Agreement, of the Note evidencing such Loan. Prior to such recordation, all amounts owed with respect to the applicable Commitment or Loan shall be owed to the Lender listed in the Register as the owner thereof, and any request, authority or consent of any Person who, at the time of making such request or giving such authority or consent, is listed in the Register as a Lender shall be conclusive and binding on any subsequent holder, assignee or transferee of the corresponding Commitments or Loans.
(v) Borrower hereby designates Fleet to serve as its agent solely for purposes of maintaining the Register as provided in this subsection 2.1D, and Borrower hereby agrees that, to the extent Fleet serves in such capacity, Fleet and its officers, directors, employees, agents and affiliates shall constitute Indemnitees for all purposes under subsection 10.3.
Appears in 2 contracts
Samples: Credit Agreement (Boyds Collection LTD), Credit Agreement (Boyds Collection LTD)
The Register. (i) The Administrative Agent shallAgent, acting for these purposes solely for this purpose as a non-fiduciary an agent of the BorrowerCompany (it being acknowledged that Administrative Agent, in such capacity, and its officers, directors, employees, agent and affiliates shall constitute Indemnitees under subsection 10.3), shall maintain (and make available for inspection by Company and Lenders upon reasonable prior notice at the Funding and Payment Office reasonable times) at its address referred to in subsection 10.8 a register for the recordation of of, and shall record, the names and addresses of the Lenders and the principal amount and stated interest respective amounts of the Term Loan Commitment and Revolving Loan Commitment, Term Loan and Revolving Loans and the Commitment of each Lender from time to time (the “Register”). The Register shall be available for inspection by the Borrower or any Lender at any reasonable time and from time to time upon reasonable prior notice.
(ii) The Administrative Agent shall record in the Register the Commitment and the Loans of each LenderCompany, and each repayment or prepayment of the principal amount of such Loans. Any such recordation shall be conclusive and binding on the Borrower and each Lender, absent manifest error; provided that failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s Commitment or the Obligations in respect of any applicable Loan.
(iii) Each Lender shall record on its internal records (or, at such Lender’s option, on the Note held by such Lender) the amount of each Loan made by it and each payment thereof. Any such recordation shall be conclusive and binding on the Borrower, absent manifest error; provided that failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s Commitment or the Obligations in respect of any applicable Loan; and provided, further, that in the event of any inconsistency between the Register and any Lender’s records, the recordations in the Register shall govern (absent manifest error therein).
(iv) The Borrower, the Administrative Agent and the Lenders shall deem and treat the Persons listed as Lenders in the Register as the holders and owners of the corresponding Commitments and Loans listed therein for all purposes hereof, and no assignment or transfer of any such Commitment or Loan shall be effective, in each case unless and until an Assignment Agreement effecting the assignment or transfer thereof shall have been accepted by the Administrative Agent and recorded in the Register as provided in Section 8.1C. Prior to such recordation, ; all amounts owed with respect to the applicable any Commitment or Loan shall be owed to the Lender listed in the Register as the owner thereof, ; and any request, authority or consent of any Person who, at the time of making such request or giving such authority or consent, is listed in the Register as a Lender shall be conclusive and binding on any subsequent holder, assignee or transferee of the corresponding Commitments or Loans. Each Lender shall record on its internal records the amount of its Loans and Commitments and each payment in respect hereof, and any such recordation shall be conclusive and binding on Company, absent manifest error, subject to the entries in the Register, which shall, absent manifest error, govern in the event of any inconsistency with any Xxxxxx's records. Failure to make any recordation in the Register or in any Lender's records, or any error in such recordation, shall not affect any Loans or Commitments or any Obligations in respect of any Loans.
Appears in 2 contracts
Samples: Credit Agreement, Credit Agreement
The Register. (i) The Administrative Agent shallAgent, acting for these purposes solely for this purpose as a non-fiduciary an agent of Company (it being acknowledged that Administrative Agent, in such capacity, and its officers, directors, employees, agent and affiliates shall constitute Indemnitees under subsection 10.3), shall maintain (and make available for inspection by Company, Guarantors and Lenders upon reasonable prior notice at reasonable times, provided that a Lender shall only be entitled to inspect its own entry in the Borrower, maintain Register and not that of any other Lender) at the Funding its address referred to in subsection 10.8 a copy of each Assignment Agreement delivered to it and Payment Office accepted by it as provided in subsection 10.1B(ii) and a register for the recordation of of, and shall record, the names and addresses of the Lenders and the principal amount and stated interest respective amounts of the Term Loan Commitment, Revolving Loan Commitment, Swing Line Loan Commitment, Term Loans, Revolving Loans and the Commitment Swing Line Loans of each Lender from time to time (the “Register”). The Register shall be available for inspection by the Borrower or any Lender at any reasonable time and from time to time upon reasonable prior notice.
(ii) The Company, Administrative Agent shall record in the Register the Commitment and the Loans of each Lender, and each repayment or prepayment of the principal amount of such Loans. Any such recordation shall be conclusive and binding on the Borrower and each LenderLenders shall, absent manifest error; provided that failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s Commitment or the Obligations in respect of any applicable Loan.
(iii) Each Lender shall record on its internal records (or, at such Lender’s option, on the Note held by such Lender) the amount of each Loan made by it and each payment thereof. Any such recordation shall be conclusive and binding on the Borrower, absent manifest error; provided that failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s Commitment or the Obligations in respect of any applicable Loan; and provided, further, that in the event of any inconsistency between the Register and any Lender’s records, the recordations in the Register shall govern (absent manifest error therein).
(iv) The Borrower, the Administrative Agent and the Lenders shall deem and treat the Persons listed as Lenders in the Register as the holders and owners of the corresponding Commitments and Loans listed therein for all purposes hereof, and no assignment or transfer of any such Commitment or Loan shall be effective, in each case unless and until an Assignment Agreement effecting notwithstanding notice to the assignment or transfer thereof shall have been accepted by the Administrative Agent and recorded in the Register as provided in Section 8.1C. Prior to such recordation, contrary; all amounts owed with respect to the applicable any Commitment or Loan shall be owed to the Lender listed in the Register as the owner thereof, ; and any request, authority or consent of any Person who, at the time of making such request or giving such authority or consent, is listed in the Register as a Lender shall be conclusive and binding on any subsequent holder, assignee or transferee of the corresponding Commitments or Loans. Each Lender shall record on its internal records the amount of its Loans and Commitments and each payment in respect hereof, and any such recordation shall be prima facie evidence of the matters recorded, subject to the entries in the Register, which shall, absent manifest error, govern in the event of any inconsistency with any Lender’s records. Failure to make any recordation in the Register or in any Lender’s records, or any error in such recordation, shall not affect any Loans or Commitments or any Obligations in respect of any Loans.
Appears in 2 contracts
Samples: Credit Agreement (IntraLinks Holdings, Inc.), Credit Agreement (IntraLinks Holdings, Inc.)
The Register. (i) The Administrative Agent shallshall maintain, acting solely for this purpose as a non-fiduciary agent of the Borrowerat its address referred to in subsection 10.8, maintain at the Funding and Payment Office a register for the recordation of the names and addresses of the Lenders and the principal amount Commitment and stated interest of the Loans and the Commitment of each Lender from time to time (the “Register”"REGISTER"). The Register shall be available for inspection by the Borrower Company or any Lender at any reasonable time and from time to time upon reasonable prior notice.
(ii) The Administrative Agent shall record in the Register the Commitment and the Loans from time to time of each Lender, Lender and each repayment or prepayment in respect of the principal amount of such Loansthe Loans of each Lender. Any such recordation shall be conclusive and binding on the Borrower Company and each Lender, absent manifest error; provided that failure to make any such recordation, or any error in -------- such recordation, shall not affect any Lender’s 's Commitment or the Company's Obligations in respect of any applicable LoanLoans.
(iii) Each Lender shall record on its internal records (or, at such Lender’s option, on the including any Note held by such Lender) the amount of each Loan made by it and each payment in respect thereof. Any such recordation shall be conclusive and binding on the BorrowerCompany, absent manifest error; provided that failure to make any -------- such recordation, or any error in such recordation, shall not affect any Lender’s 's Commitment or the Company's Obligations in respect of any applicable LoanLoans; and provided, further, further that in the event of any inconsistency between -------- ------- the Register and any Lender’s 's records, the recordations in the Register shall govern (absent manifest error therein)govern.
(iv) The BorrowerCompany, the Administrative Agent and the Lenders shall deem and treat the Persons listed as Lenders in the Register as the holders and owners of the corresponding Commitments and Loans listed therein for all purposes hereof, and no assignment or transfer of any such Commitment or Loan shall be effective, in each case unless and until an Assignment Agreement effecting the assignment or transfer thereof shall have been accepted by the Administrative Agent and recorded in the Register as provided in Section 8.1C. subsection 10.1B(ii). Prior to such recordation, all amounts owed with respect to the applicable Commitment or Loan shall be owed to the Lender listed in the Register as the owner thereof, and any request, authority or consent of any Person who, at the time of making such request or giving such authority or consent, is listed in the Register as a Lender shall be conclusive and binding on any subsequent holder, assignee or transferee of the corresponding Commitments Commitment or Loans.
(v) Company hereby designates UBOC to serve as Company's agent solely for purposes of maintaining the Register as provided in this subsection 2.1D, and Company hereby agrees that, to the extent UBOC serves in such capacity, UBOC and its officers, directors, employees, agents and affiliates shall constitute Indemnitees for all purposes under subsection 10.3.
Appears in 2 contracts
Samples: Credit Agreement (Varco International Inc), Credit Agreement (Varco International Inc)
The Register. (i) The Administrative Agent shallshall maintain, acting solely for this purpose as a non-fiduciary agent of the Borrowerat its address referred to in subsection 10.7, maintain at the Funding and Payment Office a register for the recordation of the names and addresses of the Lenders and the principal amount Commitments and stated interest of the Loans and the Commitment (whether or not separately evidenced by one or more Notes) of each Lender from time to time (the “"Register”"). The Register shall be available for inspection by the Borrower Borrowers or any Lender at any reasonable time and from time to time upon reasonable prior notice.
(ii) The Administrative Agent shall record in the Register the Tranche A Term Loan Commitment, Tranche B Term Loan Commitment, Tranche C Term Loan Commitment and Revolving Loan Commitment and the Tranche A Term Loans, Tranche B Term Loan, Tranche C Term Loan and Revolving Loans from time to time of each Lender, the Swing Line Loan Commitment and the Swing Line Loans from time to time of Swing Line Lender, and each repayment or prepayment in respect of the principal amount of such the Tranche A Term Loans, Tranche B Term Loan, Tranche C Term Loan or Revolving Loans of each Lender or the Swing Line Loans of Swing Line Lender. Any such recordation shall be conclusive and binding on the Borrower Borrowers and each Lender, absent manifest clearly demonstrable error; provided that failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s Commitment 's Commitments or the Borrowers' Obligations in respect of any applicable LoanLoans.
(iii) Each Lender shall record on its internal records (or, at such Lender’s option, on the Note including any Notes held by such Lender) the amount of the Tranche B Term Loan and the Tranche C Term Loan and each Tranche A Term Loan and Revolving Loan made by it and each payment in respect thereof. Any such recordation shall be conclusive and binding on the BorrowerBorrowers, absent manifest clearly demonstrable error; provided that failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s Commitment 's Commitments or the any Borrower's Obligations in respect of any applicable LoanLoans; and provided, further, further that in the event of any inconsistency between the Register and any Lender’s 's records, the recordations in the Register shall govern (absent manifest error therein)govern.
(iv) The BorrowerBorrowers, the Administrative Agent and the Lenders shall deem and treat the Persons listed as Lenders in the Register as the holders and owners of the corresponding Commitments and Loans listed therein for all purposes hereof, and no assignment or transfer of any such Commitment or Loan shall be effective, in each case unless and until an Assignment Agreement effecting the assignment or transfer thereof shall have been accepted by the Administrative Agent and recorded in the Register as provided in Section 8.1C. subsection 10.1B(ii). Prior to such recordation, all amounts owed with respect to the applicable Commitment or Loan shall be owed to the Lender listed in the Register as the owner thereof, and any request, authority or consent of any Person who, at the time of making such request or giving such authority or consent, is listed in the Register as a Lender shall be conclusive and binding on any subsequent holder, assignee or transferee of the corresponding Commitments or Loans.
(v) Each Borrower hereby designates BTCo to serve as its agent solely for purposes of maintaining the Register as provided in this subsection 2.1D, and Borrowers hereby agree that, to the extent BTCo serves in such capacity, BTCo and its officers, directors, employees, agents and affiliates shall constitute Indemnitees for all purposes under subsection 10.3.
Appears in 2 contracts
Samples: Credit Agreement (NXS I LLC), Credit Agreement (Amphenol Corp /De/)
The Register. (i) The Administrative Agent shallshall maintain, acting solely for this purpose as a non-fiduciary agent of the Borrowerat its address referred to in Section 10.02, maintain at the Funding and Payment Office a register for the recordation of the names and addresses of the Lenders and the principal amount Commitments and stated interest of the Loans and the Commitment of each Lender from time to time (the “"Register”"). , The Register shall be available for inspection by the Borrower Company or any Lender at any reasonable time and from time to time upon reasonable prior notice.
(ii) The Administrative Agent shall record in the Register the Commitment Commitments, Loans and the Loans Letter of Credit Usage from time to time of each Lender, and each repayment or prepayment in respect of the principal amount of such Loansthe Loans of each Lender. Any such recordation shall be conclusive and binding on the Borrower Company and each Lender, absent manifest error; provided provided, however, that that failure to make any such recordation, or -------- ------- any error in such recordation, shall not affect any Lender's Commitments or the Company's obligations in respect of any applicable Loans or Letter of Credit Usage.
(iii) Each Lender shall record on its internal records (including, without limitation, the Notes held by such Lender) the amount of the Loan made by it and each payment in respect thereof. Any recordation shall be conclusive and binding on the Company, absent manifest error; PROVIDED, HOWEVER, that that failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s Commitment 's Commitments or the Obligations Company's obligations in respect of any applicable Loan.
(iii) Each Lender shall record on its internal records (or, at such Lender’s option, on the Note held by such Lender) the amount Loans and Letter of each Loan made by it and each payment thereof. Any such recordation shall be conclusive and binding on the Borrower, absent manifest errorCredit Usage; provided that failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s Commitment or the Obligations in respect of any applicable Loan; and provided, further, that in the event of any inconsistency between -------- the Register and any Lender’s 's records, the recordations in the Register shall govern (absent manifest error therein)govern.
(iv) The BorrowerCompany, the Administrative Agent and the Lenders shall deem and treat the Persons listed as Lenders in the Register as the holders and owners of the corresponding Commitments Commitments, Loans and Loans Letter of Credit Usage listed therein for all purposes hereof, and no assignment or transfer of any such Commitment Commitment, Loans or Loan Letter of Credit Usage shall be effective, in each case case, unless and until an Assignment Agreement and Acceptance effecting the assignment or transfer thereof shall have been accepted by the Administrative Agent and recorded in the Register as provided in Section 8.1C. 10.07(c). Prior to such recordation, all amounts owed with respect to the applicable Commitment Commitment, Loan or Loan Letter of Credit Usage shall be owed to the Lender listed in the Register as the owner thereof, and any request, authority or consent of any Person who, at the time of making such request or giving such authority or consent, is listed in the Register as a Lender shall be conclusive and binding on any subsequent holder, assignee or transferee of the corresponding Commitments Commitments, Loans or LoansLetter of Credit Usage.
Appears in 2 contracts
Samples: Credit Agreement (United Artists Theatre Co), Credit Agreement (United Artists Theatre Co)
The Register. (i) The Administrative Agent shallshall maintain, acting solely for this purpose as a non-fiduciary agent of the Borrowerat its address referred to in subsection 10.7, maintain at the Funding and Payment Office a register for the recordation of the names and addresses of the Lenders and the principal amount Commitments and stated interest of the Loans and the Commitment (whether or not separately evidenced by one or more Notes) of each Lender from time to time (the “Register”"REGISTER"). The Register shall be available for inspection by the Borrower Company or any Lender at any reasonable time and from time to time upon reasonable prior notice.
(ii) The Administrative Agent shall record in the Register the Tranche A Term Loan Commitment, Tranche B Term Loan Commitment, Tranche C Term Loan Commitment and Revolving Loan Commitment and the Tranche A Term Loans, Tranche B Term Loan, Tranche C Term Loan and Revolving Loans from time to time of each Lender, the Swing Line Loan Commitment and the Swing Line Loans from time to time of Swing Line Lender, and each repayment or prepayment in respect of the principal amount of such the Tranche A Term Loans, Tranche B Term Loan, Tranche C Term Loan or Revolving Loans of each Lender or the Swing Line Loans of Swing Line Lender. Any such recordation shall be conclusive and binding on the Borrower Company and each Lender, absent manifest clearly demonstrable error; provided PROVIDED that failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s Commitment 's Commitments or the Company's Obligations in respect of any applicable LoanLoans.
(iii) Each Lender shall record on its internal records (or, at such Lender’s option, on the Note including any Notes held by such Lender) the amount of the Tranche B Term Loan and the Tranche C Term Loan and each Tranche A Term Loan and Revolving Loan made by it and each payment in respect thereof. Any such recordation shall be conclusive and binding on the BorrowerCompany, absent manifest clearly demonstrable error; provided PROVIDED that failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s Commitment 's Commitments or the Company's Obligations in respect of any applicable LoanLoans; and providedPROVIDED, further, FURTHER that in the event of any inconsistency between the Register and any Lender’s 's records, the recordations in the Register shall govern (absent manifest error therein)govern.
(iv) The BorrowerCompany, the Administrative Agent and the Lenders shall deem and treat the Persons listed as Lenders in the Register as the holders and owners of the corresponding Commitments and Loans listed therein for all purposes hereof, and no assignment or transfer of any such Commitment or Loan shall be effective, in each case unless and until an Assignment Agreement effecting the assignment or transfer thereof shall have been accepted by the Administrative Agent and recorded in the Register as provided in Section 8.1C. subsection 10.1B(ii). Prior to such recordation, all amounts owed with respect to the applicable Commitment or Loan shall be owed to the Lender listed in the Register as the owner thereof, and any request, authority or consent of any Person who, at the time of making such request or giving such authority or consent, is listed in the Register as a Lender shall be conclusive and binding on any subsequent holder, assignee or transferee of the corresponding Commitments or Loans.
(v) Company hereby designates BTCo to serve as its agent solely for purposes of maintaining the Register as provided in this subsection 2.1D, and Company hereby agrees that, to the extent BTCo serves in such capacity, BTCo and its officers, directors, employees, agents and affiliates shall constitute Indemnitees for all purposes under subsection 10.3.
Appears in 2 contracts
Samples: Credit Agreement (Alliance Imaging Inc /De/), Credit Agreement (Alliance Imaging Inc /De/)
The Register. (i) The Administrative Agent shallshall maintain, acting solely for this purpose as a non-fiduciary agent of the Borrowerat its address referred to in subsection 10.8, maintain at the Funding and Payment Office a register for the recordation of the names and addresses of the Lenders and the principal amount Commitments and stated interest of the Loans and the Commitment of each Lender from time to time (the “"Register”"). The Register shall be available for inspection by the Borrower Company or any Lender at any reasonable time and from time to time upon reasonable prior notice.
(ii) The Administrative Agent shall record in the Register the Tranche A Commitment and Tranche B Commitment, respectively, and the Tranche A Term Loan and the Tranche B Term Loan, respectively, of each Term Lender, the Revolving Loan Commitment and the Revolving Loans from time to time of each Revolving Lender, the Swing Line Loan Commitment and the Swing Line Loans from time to time of Swing Line Lender, and each repayment or prepayment in respect of the principal amount of such Loansthe Tranche A Term Loan and the Tranche B Term Loan, respectively, of each Term Lender, the Revolving Loans of each Revolving Lender or the Swing Line Loans of Swing Line Lender. Any such recordation shall be conclusive and binding on the Borrower Company and each Lender, absent manifest error; provided that failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s Commitment 's Commitments or the Company's Obligations in respect of any applicable LoanLoans.
(iii) Each Lender shall record on its internal records (or, at such Lender’s option, on the Note including any Notes held by such Lender) the amount of the Tranche A Term Loan and the Tranche B Term Loan, respectively, and each Revolving Loan made by it and each payment in respect thereof. Any such recordation shall be conclusive and binding on the BorrowerCompany, absent manifest error; provided that failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s Commitment 's Commitments or the Company's Obligations in respect of any applicable LoanLoans; and provided, further, that in the event of any inconsistency between the Register and any Lender’s 's records, the recordations in the Register shall govern (absent manifest error therein)govern.
(iv) The BorrowerCompany, the Administrative Agent and the Lenders shall deem and treat the Persons listed as Lenders in the Register as the holders and owners of the corresponding Commitments and Loans listed therein for all purposes hereof, and no assignment or transfer of any such Commitment or Loan shall be effective, in each case unless and until an Assignment Agreement effecting the assignment or transfer thereof shall have been accepted by the Administrative Agent and recorded in the Register as provided in Section 8.1C. subsection 10.1B(ii). Prior to such recordation, all amounts owed with respect to the applicable Commitment or Loan shall be owed to the Lender listed in the Register as the owner thereof, and any request, authority or consent of any Person who, at the time of making such request or giving such authority or consent, is listed in the Register as a Lender shall be conclusive and binding on any subsequent holder, assignee or transferee of the corresponding Commitments or Loans.
(v) Company hereby designates CSFB to serve as Company's agent solely for purposes of maintaining the Register as provided in this subsection 2.1D, and Company hereby agrees that, to the extent CSFB serves in such capacity, CSFB and its officers, directors, employees, agents and affiliates shall constitute Indemnitees for all purposes under subsection 10.3.
Appears in 2 contracts
Samples: Credit Agreement (Express Scripts Inc), Credit Agreement (Express Scripts Inc)
The Register. (a) The Agent shall maintain a register (each, a “Register”), which shall include a master account and a subsidiary account for each applicable Lender and in which accounts (taken together) shall be recorded (i) The Administrative the date and amount of each Borrowing made hereunder, the Type of each Loan comprising such Borrowing and any Interest Period applicable thereto, (ii) the effective date and amount of each Assignment and Acceptance delivered to and accepted by it and the parties thereto, (iii) the amount of any principal or interest due and payable or to become due and payable from the applicable Borrowers to each Lender hereunder or under the notes payable by the applicable Borrowers to such Lender, and (iv) the amount of any sum received by the Agent shall, acting solely from the applicable Borrowers or any other Obligor and each Lender’s ratable share thereof. Each Register shall be available for this purpose as a non-fiduciary agent inspection by the applicable Borrowers or any applicable Lender at the respective offices of the BorrowerAgent at any reasonable time and from time to time upon reasonable prior notice. Any failure of the Agent to record in the applicable Register, or any error in doing so, shall not limit or otherwise affect the obligation of the applicable Borrowers hereunder (or under any Loan Document) to pay any amount owing with respect to the Loans or provide the basis for any claim against the Agent. The Obligations and Letters of Credit are registered obligations and the right, title and interest of any Lender and their assignees in and to such Obligations and Letters of Credit as the case may be, shall be transferable only upon notation of such transfer in the applicable Register. Solely for purposes of this Section 13.22 and for Tax purposes only, the Agent shall be the applicable Borrowers’ agent for purposes of maintaining the applicable Register (but the Agent shall have no liability whatsoever to any applicable Borrower or any other Person on account of any inaccuracies contained in the applicable Register). This Section 13.22 shall be construed so that the Obligations and Letters of Credit are at all times maintained in “registered form” within the meaning of Sections 163(f), 871(h)(2) and 881(c)(2) of the Internal Revenue Code and any related regulations (and any other relevant or successor provisions of the Internal Revenue Code or such regulations).
(b) In the event that any Lender sells participations in any Loan, Commitment or other interest of such Lender hereunder or under any other Loan Document, such Lender shall maintain at the Funding and Payment Office a register for on which it enters the recordation name of all participants in the names and addresses of the Lenders Obligations held by it and the principal amount (and stated interest thereon) of the Loans and portion of the Commitment Obligations which is the subject of each Lender from time to time the participation (the “Participant Register”). An Obligation may be participated in whole or in part only by registration of such participation on the Participant Register (and each note shall expressly so provide). Any participation of such Obligations may be effected only by the registration of such participation on the Participant Register. The Participant Register shall be available for inspection by the Borrower or any Lender at any reasonable time and from time to time upon reasonable prior notice.
(ii) The Administrative Agent shall record in the Register the Commitment and the Loans of each Lender, and each repayment or prepayment of the principal amount of such Loans. Any such recordation shall be conclusive and binding on the Borrower and each Lender, absent manifest error; provided that failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s Commitment or the Obligations in respect of any applicable Loan.
(iii) Each Lender shall record on its internal records (or, at such Lender’s option, on the Note held by such Lender) the amount of each Loan made by it and each payment thereof. Any such recordation shall be conclusive and binding on the Borrower, absent manifest error; provided that failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s Commitment or the Obligations in respect of any applicable Loan; and provided, further, that in the event of any inconsistency between the Register and any Lender’s records, the recordations in the Register shall govern (absent manifest error therein).
(iv) The Borrower, the Administrative Agent and the Lenders shall deem and treat the Persons listed as Lenders in the Register as the holders and owners of the corresponding Commitments and Loans listed therein for all purposes hereof, and no assignment or transfer of any such Commitment or Loan shall be effective, in each case unless and until an Assignment Agreement effecting the assignment or transfer thereof shall have been accepted by the Administrative Agent and recorded in the Register as provided in Section 8.1C. Prior to such recordation, all amounts owed with respect to the applicable Commitment or Loan shall be owed to the Lender listed in the Register as the owner thereof, and any request, authority or consent of any Person who, at the time of making such request or giving such authority or consent, is listed in the Register as a Lender shall be conclusive and binding on any subsequent holder, assignee or transferee of the corresponding Commitments or Loans.
Appears in 2 contracts
Samples: Credit Agreement (United Rentals Inc /De), Credit Agreement (United Rentals North America Inc)
The Register. (ia) The Administrative Agent shallAgent, acting solely for this purpose as a non-fiduciary the agent of the Borrower, shall maintain (in electronic form or otherwise) at the Funding its address referred to in Clause 32.2 (Addresses):
(i) each Transfer Certificate referred to in Clause 24.7 (Procedure for transfers) and Payment Office each Assignment Agreement referred to in Clause 24.8 (Procedure for assignment) each Increase Confirmation delivered to and accepted by it; and
(ii) with respect to each Facility, a register for the recordation recording of the names and addresses of the Lenders and the Commitment of, and principal amount and stated interest of the Loans and the Commitment of owing to, each Lender from time to time (the “"Register”)") under such Facility, which may be kept in electronic form. The Register shall be available for inspection by the Borrower or any Lender at any reasonable time and from time to time upon reasonable prior notice.123 Project Meria: Senior Facilties Agreement
(iib) The Administrative Agent shall record entries in the Register the Commitment and the Loans of each Lender, and each repayment or prepayment of the principal amount of such Loans. Any such recordation shall be conclusive and binding on the Borrower and each Lenderfor all purposes, absent manifest error; provided that failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s Commitment or the Obligations in respect of any applicable Loan.
(iii) Each Lender shall record on its internal records (or, at such Lender’s option, on the Note held by such Lender) the amount of each Loan made by it and each payment thereof. Any such recordation shall be conclusive and binding on the Borrower, absent manifest error; provided that failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s Commitment or the Obligations in respect of any applicable Loan; and provided, further, that in the event of any inconsistency between the Register and any Lender’s records, the recordations in the Register shall govern (absent manifest error therein).
(iv) The Borrower, the Administrative Agent and the Lenders shall deem and treat the Persons listed as Lenders in the Register as the holders and owners of the corresponding Commitments and Loans listed therein for all purposes hereof, and no assignment or transfer of any such Commitment or Loan shall be effective, in each case unless and until an Assignment Agreement effecting the assignment or transfer thereof shall have been accepted by the Administrative Agent and person whose name is recorded in the Register as provided in Section 8.1C. Prior to such recordation, all amounts owed with respect to the applicable Commitment or Loan shall be owed to the Lender listed in the Register as the owner thereof, and any request, authority or consent of any Person who, at the time of making such request or giving such authority or consent, is listed in the Register as a Lender hereunder for all purposes of this Agreement. The Agent shall provide the Company and any Borrower with a copy of the Register within one (1) Business Day of request.
(c) Each Party irrevocably authorises and instructs the Agent to make the relevant entry in the Register (and which the Agent shall do promptly) on its behalf for the purposes of this Clause 24.10 without any further consent of, or consultation with, such Party. No assignment or transfer shall be conclusive effective unless recorded in the Register.
(d) The Agent shall, upon request by an Existing Lender (as defined in Clause 24.2 (Assignments and binding Transfers by Lenders)) or a New Lender, confirm to that Existing Lender or New Lender whether a transfer or assignment from that Existing Lender or (as the case may be) to that New Lender has been recorded on any subsequent holder, assignee or transferee the Register (including details of the corresponding Commitments Commitment of that Existing Lender or LoansNew Lender in each Facility).
Appears in 2 contracts
Samples: Senior Facilities Agreement (Atlas Investissement), Senior Facilities Agreement (Atlas Investissement)
The Register. (i) The Chase Co-Administrative Agent shallshall maintain, acting solely for this purpose as a non-fiduciary agent of the Borrower, maintain at the Funding and Payment Office address referred to in subsection 10.8, a register for the recordation of the names and addresses of the Lenders and the principal amount Commitments and stated interest of the Loans and the Commitment of each Lender from time to time (the “Register”"REGISTER"). The Register shall be available for inspection by the Borrower Company or any Lender at any reasonable time and from time to time upon reasonable prior notice.
(ii) The Chase Co-Administrative Agent shall record in the Register the Commitment Commitments and the outstanding Loans from time to time of each Lender, Lender and each repayment or prepayment in respect of the principal amount of such Loansthe outstanding Loans of each Lender. Any such recordation shall be conclusive and binding on the Borrower Company and each Lender, absent manifest error; provided that failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s Commitment or the Company's Obligations in respect of any the applicable LoanLoans.
(iii) Each Lender shall record on its internal records (orincluding, at such Lender’s optionwithout limitation, on the Note Notes held by such Lender) the amount of each Loan made by it and each payment in respect thereof. Any such recordation shall be conclusive and binding on prima facie evidence of the Borrower, absent manifest erroramount of such Loans; provided that failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s Commitment or the Company's Obligations in respect of any the applicable LoanLoans; and provided, further, further that in the event of any inconsistency between the Register and any Lender’s 's records, the recordations in the Register shall govern (absent manifest error therein)govern.
(iv) The BorrowerCompany, the Administrative Agent Agents and the Lenders shall deem and treat the Persons listed as Lenders in the Register as the holders and owners of the corresponding Commitments and Loans listed therein for all purposes hereof, and no assignment or transfer of any such Commitment or Loan shall be effective, in each case unless and an until an Assignment Agreement effecting the assignment or transfer thereof shall have been accepted by the Chase Co-Administrative Agent and recorded in the Register as provided in Section 8.1C. subsection 10.1B(ii). Prior to such recordation, all amounts owed with respect to the applicable Commitment or Loan shall be owed to the Lender listed in the Register as the owner thereof, and any request, authority or consent of any Person who, at the time of making such request or giving such authority or consent, is listed in the Register as a Lender shall be conclusive and binding on any subsequent holder, assignee or transferee of the corresponding Commitments or Loans.
(v) Company hereby designates Chase, and any financial institution serving as a successor Chase Co-Administrative Agent, to serve as Company's agent solely for purposes of maintaining the Register as provided in this subsection 2.1D, and Company hereby agrees that, to the extent Chase serves in such capacity, Chase and its officers, directors, employees, agents and affiliates shall constitute Indemnitees for all purposes under subsection 10.3.
Appears in 2 contracts
Samples: Credit Agreement (Account Portfolios Gp Inc), Credit Agreement (Gulf State Credit LLP)
The Register. (i) The Administrative Agent shallAgent, acting for these purposes solely for this purpose as a non-fiduciary an agent of Borrower (it being acknowledged that Administrative Agent, in such capacity, and its officers, directors, employees, agents and Affiliates shall constitute Indemnitees under Section 10.3), shall maintain (and make available for inspection by Borrower and each Lender (solely as it relates to such Lender’s Commitments) upon reasonable prior notice at reasonable times) at its address referred to in Section 10.8, which address shall be in the BorrowerUnited States, maintain at the Funding and Payment Office a register for the recordation of of, and shall record, the names and addresses of the Lenders and the principal amount and stated interest respective amounts of the Loans Term Loan Commitment, Revolving Loan Commitment, Term Loan and the Commitment Revolving Loans, of each Lender from time to time (the “Register”). The Register shall be available for inspection by the Borrower or any Lender at any reasonable time and from time to time upon reasonable prior notice.
(ii) The Administrative Agent shall record in the Register the Commitment and the Loans of each Lender, and each repayment or prepayment of the principal amount of such Loans. Any such recordation shall be conclusive and binding on the Borrower and each Lender, absent manifest error; provided that failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s Commitment or the Obligations in respect of any applicable Loan.
(iii) Each Lender shall record on its internal records (or, at such Lender’s option, on the Note held by such Lender) the amount of each Loan made by it and each payment thereof. Any such recordation shall be conclusive and binding on the Borrower, absent manifest error; provided that failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s Commitment or the Obligations in respect of any applicable Loan; and provided, further, that in the event of any inconsistency between the Register and any Lender’s records, the recordations in the Register shall govern (absent manifest error therein).
(iv) The Borrower, the Administrative Agent and the Lenders shall deem and treat the Persons listed as Lenders in the Register as the holders and owners of the corresponding Commitments and Loans listed therein for all purposes hereof, and no assignment or transfer of any such Commitment or Loan shall be effective, in each case unless and until an Assignment Agreement effecting the assignment or transfer thereof shall have been accepted by the Administrative Agent and recorded in the Register as provided in Section 8.1C. Prior to such recordation, ; all amounts owed with respect to the applicable any Commitment or Loan shall be owed to the Lender listed in the Register as the owner thereof, ; and any request, authority or consent of any Person who, at the time of making such request or giving such authority or consent, is listed in the Register as a Lender shall be conclusive and binding on any subsequent holder, assignee or transferee of the corresponding Commitments or Loans. Each Lender shall record on its internal records the amount of its Loans and Commitments and each payment in respect hereof, and any such recordation shall be prima facie evidence thereof, absent manifest error, subject to the entries in the Register, which shall, absent manifest error, govern in the event of any inconsistency with any Lender’s records. Failure to make any recordation in the Register or in any Lender’s records, or any error in such recordation, shall not affect any Loans or Commitments or any Obligations in respect of any Loans.
Appears in 2 contracts
Samples: Credit Agreement (EngageSmart, LLC), Credit Agreement (EngageSmart, LLC)
The Register. (i) The Administrative Agent shallshall maintain, acting solely for this purpose as a non-fiduciary agent of the Borrowerat its address referred to in subsection 10.9, maintain at the Funding and Payment Office a register for the recordation of the names and addresses of the Lenders and the principal amount Commitments and stated interest of the Loans and the Commitment of each Lender from time to time (the “"Register”"). The Register shall be available for inspection by the Borrower Borrowers or any Lender at any reasonable time and from time to time upon reasonable prior notice.
(ii) The Administrative Agent shall record in the Register the Commitment and the Loans from time to time of each Lender, and each repayment or prepayment in respect of the principal amount of such Loansthe Loans of each Lender. Any such recordation shall be conclusive and binding on the Borrower Borrowers and each Lender, absent manifest error; provided that failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s Commitment 's Commitments or the Borrowers' Obligations in respect of any applicable LoanLoans.
(iii) Each Lender shall record on its internal records (or, at such Lender’s option, on including the Note Notes held by such Lender) the amount of each Loan made by it and each payment in respect thereof. Any such recordation shall be conclusive and binding on the BorrowerBorrowers, absent manifest error; provided that failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s Commitment 's Commitments or the Obligations in respect of any applicable LoanLoans; and provided, further, further that in the event of any inconsistency between the Register and any Lender’s 's records, the recordations in the Register shall govern (absent manifest error therein)govern.
(iv) The Borrower, the Administrative Agent and the Lenders shall deem and treat the Persons listed as Lenders in the Register as the holders and owners of the corresponding Commitments and Loans listed therein for all purposes hereof, and no assignment or transfer of any such Commitment or Loan shall be effective, in each case unless and until an Assignment Agreement effecting the assignment or transfer thereof shall have been accepted by the Administrative Agent and recorded in the Register as provided in Section 8.1C. subsection 10.1B(ii). Prior to such recordation, all amounts owed with respect to the applicable Commitment or Loan shall be owed to the Lender listed in the Register as the owner thereof, and any request, authority or consent of any Person who, at the time of making such request or giving such authority or consent, is listed in the Register as a Lender shall be conclusive and binding on any subsequent holder, assignee or transferee of the corresponding Commitments or Loans.
Appears in 2 contracts
Samples: Credit Agreement (Las Vegas Sands Inc), Credit Agreement (Las Vegas Sands Inc)
The Register. (i) The Administrative Agent shall(or its agent or sub-agent appointed by it) shall maintain, acting solely as agent for this purpose as a non-fiduciary agent of the Borrower, maintain at the Funding and Payment Office its address referred to in subsection 9.9, a register for the recordation of the names and addresses of the Lenders and the principal amount Commitments and stated interest of the Loans and the Commitment of each Lender from time to time (the “Register”). The Register Register, as in effect at the close of business on the preceding Business Day, shall be available for inspection by the Borrower Borrowers or any Lender at any reasonable time and from time to time upon reasonable prior notice.
(ii) The Administrative Agent shall record record, or shall cause to be recorded, in the Register the Commitment and the Loans (in accordance with the provisions of subsection 9.1) from time to time of each Lender, and each repayment or prepayment in respect of the principal amount of such Loansthe Loans of each Lender. Any such recordation shall be conclusive and binding on the Borrower Borrowers and each Lender, absent manifest error; provided that failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s Commitment Commitments or the Obligations of either of the Borrowers in respect of any applicable LoanLoans.
(iii) Each Lender shall record on its internal records (or, at such Lender’s option, on including the Note Notes held by such Lender) the amount of each Loan made by it and each payment in respect thereof. Any such recordation shall be conclusive and binding on the BorrowerBorrowers, absent manifest error; provided that failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s Commitment Commitments or the Obligations of either of the Borrowers in respect of any applicable LoanLoans; and provided, further, further that in the event of any inconsistency between the Register and any Lender’s records, the recordations in the Register shall govern (absent manifest error therein)govern.
(iv) The Borrower, the Administrative Agent and the Lenders shall deem and treat the Persons listed as Lenders in the Register as the holders and owners of the corresponding Commitments and Loans listed therein for all purposes hereof, and no assignment or transfer of any such Commitment or Loan shall be effective, in each case unless and until an Assignment Agreement effecting the assignment or transfer thereof shall have been accepted by the Administrative Agent and recorded in the Register as provided in Section 8.1C. subsection 9.1B(ii). Prior to such recordation, all amounts owed with respect to the applicable Commitment or Loan shall be owed to the Lender listed in the Register as the owner thereof, and any request, authority or consent of any Person who, at the time of making such request or giving such authority or consent, is listed in the Register as a Lender shall be conclusive and binding on any subsequent holder, assignee or transferee of the corresponding Commitments or Loans.
Appears in 2 contracts
Samples: Construction Loan Agreement (Las Vegas Sands Inc), Construction Loan Agreement (Las Vegas Sands Corp)
The Register. (i) The Administrative Agent shallAgent, acting for these purposes solely for this purpose as a non-fiduciary an agent of the BorrowerBorrower (it being acknowledged that Agent, in such capacity, and its officers, directors, employees, agent and affiliates shall constitute Indemnitees under subsection 10.3), shall maintain (and make available for inspection by Borrower and Lenders upon reasonable prior notice at the Funding and Payment Office reasonable times) at its address referred to in subsection 10.8 a register for the recordation of of, and shall record, the names and addresses of the Lenders and the principal amount Revolving Loan Commitment and stated interest of the Revolving Loans and the Commitment of each Lender from time to time (the “Register”). The Register shall be available for inspection by the Borrower or any Lender at any reasonable time and from time to time upon reasonable prior notice.
(ii) The Administrative Agent shall record in the Register the Commitment and the Loans of each Lender, and each repayment or prepayment of the principal amount of such Loans. Any such recordation shall be conclusive and binding on the Borrower and each Lender, absent manifest error; provided that failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s Commitment or the Obligations in respect of any applicable Loan.
(iii) Each Lender shall record on its internal records (or, at such Lender’s option, on the Note held by such Lender) the amount of each Loan made by it and each payment thereof. Any such recordation shall be conclusive and binding on the Borrower, absent manifest error; provided that failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s Commitment or the Obligations in respect of any applicable Loan; and provided, further, that in the event of any inconsistency between the Register and any Lender’s records, the recordations in the Register shall govern (absent manifest error therein).
(iv) The Borrower, the Administrative Agent and the Lenders shall deem and treat the Persons listed as Lenders in the Register as the holders and owners of the corresponding Commitments and Loans listed therein for all purposes hereof, and no assignment or transfer of any such Commitment or Loan shall be effective, in each case unless and until an Assignment Agreement effecting the assignment or transfer thereof shall have been accepted by the Administrative Agent and recorded in the Register as provided in Section 8.1C. Prior to such recordation, ; all amounts owed with respect to the applicable any Commitment or Loan shall be owed to the Lender listed in the Register as the owner thereof, ; and any request, authority or consent of any Person who, at the time of making such request or giving such authority or consent, is listed in the Register as a Lender shall be conclusive and binding on any subsequent holder, assignee or transferee of the corresponding Commitments or Loans. Each Lender shall record on its internal records the amount of its Loans and Commitments and each payment in respect hereof, and any such recordation shall be conclusive and binding on Borrower, absent manifest error, subject to the entries in the Register, which shall, absent manifest error, govern in the event of any inconsistency with any Lender’s records. Failure to make any recordation in the Register or in any Lender’s records, or any error in such recordation, shall not affect any Loans or Commitments or any Obligations in respect of any Loans.
Appears in 2 contracts
Samples: Credit Agreement (Joy Global Inc), Credit Agreement (Joy Global Inc)
The Register. (a) The Agent shall maintain a register (each, a “Register”), which shall include a master account and a subsidiary account for each applicable Lender and in which accounts (taken together) shall be recorded (i) the date and amount of each Borrowing made hereunder, the Type of each Term Loan comprising such Borrowing and any Interest Period applicable thereto, (ii) the effective date and amount of each Assignment and Acceptance delivered to and accepted by it and the parties thereto, (iii) the amount of any principal or stated interest due and payable or to become due and payable from the Borrower to each Lender hereunder or under the notes payable by the Borrower to such Xxxxxx, and (iv) the amount of any sum received by the Agent from the Borrower or any other Obligor and each Lender’s ratable share thereof. Each Register shall be available for inspection by the Borrower or any applicable Lender (with respect to its own Term Loans and Term Loan Commitments only) at one of the offices of the Agent referred to in Section 14.8 at any reasonable time and from time to time upon reasonable prior written notice. Any failure of the Agent to record in the applicable Register, or any error in doing so, shall not limit or otherwise affect the obligation of the Borrower hereunder (or under any Loan Document) to pay any amount owing with respect to the Term Loans or provide the basis for any claim against the Agent. The Administrative Term Loans are registered obligations and the right, title and interest of any Lender and their assignees in and to such Term Loans as the case may be, shall be transferable only upon notation of such transfer in the applicable Register. Upon the request of any Lender, the Borrower shall execute and deliver to such Lender a Note payable to such Lender, which shall evidence such Lender’s Term Loans in addition to such accounts or records. Each Lender may attach schedules to its Note and endorse thereon the date, Type (if applicable), amount and maturity of its Term Loans and payments with respect thereto. Solely for purposes of this Section 13.18, the Agent shallshall be the Borrower’s agent for purposes of maintaining the applicable Register (but the Agent shall have no liability whatsoever to the Borrower or any other Person on account of any inaccuracies contained in the applicable Register). The Obligors and the Agent intend that the Term Loans will be treated as at all times maintained in “registered form” within the meaning of Sections 163(f), 871(h)(2) and 881(c)(2) of the Code and any related regulations (and any other relevant or successor provisions of the Code or such regulations).
(b) In the event that any Lender sells participations in any Term Loan, Term Loan Commitment or other interest of such Lender hereunder or under any other Loan Document, such Lender, acting solely for this purpose as a non-fiduciary agent of the Borrower, shall maintain at the Funding and Payment Office a register for on which it enters the recordation name of all Participants in the names and addresses of the Lenders Term Loans held by it and the principal amount (and related stated interest thereon) of the portion of the Term Loans and or Term Loan Commitments which are the Commitment subject of each Lender from time to time the participation (the “Participant Register”). A Term Loan or Term Loan Commitment may be participated in whole or in part only by registration of such participation on the Participant Register (and each note shall expressly so provide). Any participation of such Term Loans or Term Loan Commitments may be effected only by the registration of such participation on the Participant Register. No Lender shall have any obligation to disclose all or any portion of the Participant Register to any Person (including the identity of any Participant or any information relating to a Participant’s interest in any Term Loan Commitments, Term Loans or its other obligations under any Loan Document) except to the extent that such disclosure is necessary to establish that such Term Loan Commitment, Term Loan or other obligation is in registered form under Section 5f.103-1(c) of the United States Treasury Regulations. The entries in the Participant Register shall be available for inspection by the Borrower or any Lender at any reasonable time and from time to time upon reasonable prior noticeconclusive absent manifest error.
(iic) The Administrative Each Register shall be maintained by the Agent shall record in the Register the Commitment and the Loans of each Lender, and each repayment or prepayment as a non-fiduciary agent of the principal amount of such LoansBorrower. Any such recordation Each Register shall be conclusive and binding on the Borrower and each Lender, absent manifest error; provided that failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s Commitment or the Obligations in respect of any applicable Loan.
(iii) Each Lender shall record on its internal records (or, at such Lender’s option, on the Note held by such Lender) the amount of each Loan made by it and each payment thereof. Any such recordation shall be conclusive and binding on the Borrower, absent manifest error; provided that failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s Commitment or the Obligations in respect of any applicable Loan; and provided, further, that in the event of any inconsistency between the Register and any Lender’s records, the recordations in the Register shall govern (absent manifest error therein).
(iv) The Borrower, the Administrative Agent and the Lenders shall deem and treat the Persons listed as Lenders in the Register as the holders and owners of the corresponding Commitments and Loans listed therein for all purposes hereof, and no assignment or transfer of any such Commitment or Loan shall be effective, in each case unless and until an Assignment Agreement effecting the assignment or transfer thereof shall have been accepted by the Administrative Agent and recorded in the Register as provided in Section 8.1C. Prior to such recordation, all amounts owed with respect to the applicable Commitment or Loan shall be owed to the Lender listed in the Register as the owner thereof, and any request, authority or consent of any Person who, at the time of making such request or giving such authority or consent, is listed in the Register as a Lender shall be conclusive and binding on any subsequent holder, assignee or transferee of the corresponding Commitments or Loans.
Appears in 2 contracts
Samples: Term Loan Credit Agreement (ProFrac Holding Corp.), Term Loan Credit Agreement (ProFrac Holding Corp.)
The Register. (i) The Administrative Agent shallAgent, acting for these purposes solely for this purpose as a non-fiduciary an agent of the BorrowerCompany (it being acknowledged that Administrative Agent, in such capacity, and its officers, directors, employees, agent and affiliates shall constitute Indemnitees under subsection 10.3), shall maintain (and make available for inspection by Company and Lenders upon reasonable prior notice at the Funding and Payment Office reasonable times) at its address referred to in subsection 10.8 a register for the recordation of of, and shall record, the names and addresses of the Lenders and the principal amount and stated interest respective amounts of the Term Loan Commitment, Revolving Loan Commitment, Term Loans and the Commitment Revolving Loans of each Lender from time to time (the “Register”). The Register shall be available for inspection by the Borrower or any Lender at any reasonable time Company, Administrative Agent, Collateral Agent and from time to time upon reasonable prior notice.
(ii) The Administrative Agent shall record in the Register the Commitment and the Loans of each Lender, and each repayment or prepayment of the principal amount of such Loans. Any such recordation shall be conclusive and binding on the Borrower and each LenderLenders shall, absent manifest error; provided that failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s Commitment or the Obligations in respect of any applicable Loan.
(iii) Each Lender shall record on its internal records (or, at such Lender’s option, on the Note held by such Lender) the amount of each Loan made by it and each payment thereof. Any such recordation shall be conclusive and binding on the Borrower, absent manifest error; provided that failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s Commitment or the Obligations in respect of any applicable Loan; and provided, further, that in the event of any inconsistency between the Register and any Lender’s records, the recordations in the Register shall govern (absent manifest error therein).
(iv) The Borrower, the Administrative Agent and the Lenders shall deem and treat the Persons listed as Lenders in the Register as the holders and owners of the corresponding Commitments and Loans listed therein for all purposes hereof, and no assignment or transfer of any such Commitment or Loan shall be effective, in each case unless and until an Assignment Agreement effecting the assignment or transfer thereof shall have been accepted by the Administrative Agent and recorded in the Register as provided in Section 8.1C. Prior to such recordation, ; all amounts owed with respect to the applicable any Commitment or Loan shall be owed to the Lender listed in the Register as the owner thereof, and any request, authority or consent of any Person who, at the time of making such request or giving such authority or consent, is listed in the Register as a Lender shall be conclusive and binding on any subsequent holder, assignee or transferee of the corresponding Commitments or Loans. Each Lender shall record on its internal records the amount of its Loans and Commitments and each payment in respect hereof, and any such recordation shall be conclusive and binding on Company, absent manifest error, subject to the entries in the Register, which shall, absent manifest error, govern in the event of any inconsistency with any Lender’s records. Failure to make any recordation in the Register or in any Lender’s records, or any error in such recordation, shall not affect any Loans or Commitments or any Obligations in respect of any Loans. Each Lender that sells a participation, or grants an option to an SPC, shall, acting solely for this purpose as an agent of Company, maintain a register on which it enters the name and address of each participant and each SPC, and the principal amounts (and stated interest) of each participant’s interest in the Loans or other obligations under this Agreement and of the interest underlying each option granted to an SPC (the “Participant Register”). The entries in the Participant Register shall be conclusive absent manifest error, and such Lender shall treat each Person whose name is recorded in the Participant Register as the owner of such participation or such SPC option grant for all purposes of this Agreement notwithstanding any notice to the contrary.
Appears in 2 contracts
Samples: Amendment and Restatement and Additional Term Loan Assumption Agreement (Skilled Healthcare Group, Inc.), Amendment and Restatement Agreement (Skilled Healthcare Group, Inc.)
The Register. (ia) The Administrative Agent shall, acting solely for this purpose as a non-fiduciary agent of the Borrower, shall maintain at the Funding and Payment Office a register for the recordation of the names and addresses of the Lenders and the principal amount and stated interest of the Loans and the Commitment of each Lender from time to time (the each, a “Register”), which shall include a master account and a subsidiary account for each applicable Lender and in which accounts (taken together) shall be recorded (i) the date and amount of each Borrowing made hereunder, the Type of each Loan comprising such Borrowing and any Interest Period or BA Equivalent Interest Period applicable thereto, (ii) the effective date and amount of each Assignment and Acceptance delivered to and accepted by it and the parties thereto, (iii) the amount of any principal or interest due and payable or to become due and payable from the applicable Borrowers to each Lender hereunder or under the notes payable by the applicable Borrowers to such Lender, and (iv) the amount of any sum received by the Agent from the applicable Borrowers or any other Obligor and each Lender’s ratable share thereof. The entries in the Register shall be conclusive absent manifest error. Each Register shall be available for inspection by the Borrower applicable Borrowers or any applicable Lender (with respect to its own interest only) at the respective offices of the Agent at any reasonable time and from time to time upon reasonable prior notice.
(ii) The Administrative . Any failure of the Agent shall to record in the Register the Commitment and the Loans of each Lender, and each repayment or prepayment of the principal amount of such Loans. Any such recordation shall be conclusive and binding on the Borrower and each Lender, absent manifest error; provided that failure to make any such recordationapplicable Register, or any error in such recordationdoing so, shall not limit or otherwise affect the obligation of the applicable Borrowers hereunder (or under any Lender’s Commitment Loan Document) to pay any amount owing with respect to the Loans or provide the basis for any claim against the Agent. The Obligations and Letters of Credit are registered obligations and the right, title and interest of any Lender and their assignees in and to such Obligations and Letters of Credit as the case may be, shall be transferable only upon notation of such transfer in the applicable Register. Solely for purposes of this Section 13.21 and for Tax purposes only, the Agent shall be the applicable Borrowers’ agent for purposes of maintaining the applicable Register (but the Agent shall have no liability whatsoever to any applicable Borrower or any other Person on account of any inaccuracies contained in the applicable Register). This Section 13.21 shall be construed so that the Obligations and Letters of Credit are at all times maintained in respect “registered form” within the meaning of any applicable Loan.
(iiiSections 163(f), 871(h)(2) Each Lender shall record on its internal records (or, at such Lender’s option, on and 881(c)(2) of the Note held by such Lender) the amount of each Loan made by it and each payment thereof. Any such recordation shall be conclusive and binding on the Borrower, absent manifest error; provided that failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s Commitment or the Obligations in respect of any applicable Loan; and provided, further, that in the event of any inconsistency between the Register Code and any Lender’s records, related regulations (and any other relevant or successor provisions of the recordations in the Register shall govern (absent manifest error thereinCode or such regulations).
(ivb) The BorrowerIn the event that any Lender sells participations in any Loan, Commitment or other interest of such Lender hereunder or under any other Loan Document, such Lender shall maintain a register on which it enters the Administrative Agent name of all participants in the Obligations held by it and the Lenders principal amount (and stated interest thereon) of the portion of the Obligations which is the subject of the participation (the “Participant Register”); provided that no Lender shall deem have any obligation to disclose all or any portion of the Participant Register (including the identity of any Participant or any information relating to a Participant’s interest in any commitments, loans, letters of credit or its other obligations under any Loan Document) to any Person except to the extent that such disclosure is necessary to establish that such commitment, loan, letter of credit or other obligation is in registered form under Section 5f.103-1(c) of the United States Treasury Regulations. An Obligation may be participated in whole or in part only by registration of such participation on the Participant Register (and treat each note shall expressly so provide). Any participation of such Obligations may be effected only by the Persons listed as Lenders registration of such participation on the Participant Register. The entries in the Participant Register as the holders and owners of the corresponding Commitments and Loans listed therein for all purposes hereofshall be conclusive absent manifest error, and no assignment or transfer of any such Commitment or Loan Lender shall be effective, in treat each case unless and until an Assignment Agreement effecting the assignment or transfer thereof shall have been accepted by the Administrative Agent and Person whose name is recorded in the Register as provided in Section 8.1C. Prior to such recordation, all amounts owed with respect to the applicable Commitment or Loan shall be owed to the Lender listed in the Participant Register as the owner thereof, and of such participation for all purposes of this Agreement notwithstanding any request, authority or consent notice to the contrary. For the avoidance of any Person who, at doubt the time of making such request or giving such authority or consent, is listed Agent (in the Register its capacity as Agent) shall have no responsibility for maintaining a Lender shall be conclusive and binding on any subsequent holder, assignee or transferee of the corresponding Commitments or LoansParticipant Register.
Appears in 2 contracts
Samples: Credit Agreement (Herc Holdings Inc), Credit Agreement (Herc Holdings Inc)
The Register. (i) The Administrative Agent shallAgent, acting for these purposes solely for this purpose as a non-fiduciary an agent of the BorrowerCompany (it being acknowledged that Administrative Agent, in such capacity, and its officers, directors, employees, agent and affiliates shall constitute Indemnitees under subsection 10.3), shall maintain (and make available for inspection by Company and Lenders upon reasonable prior notice at the Funding and Payment Office reasonable times) at its address referred to in subsection 10.8 a register for the recordation of of, and shall record, the names and addresses of Lenders and, to the Lenders extent Administrative Agent has received notice of participation, Participants and the principal amount and stated interest respective amounts of the Tranche A Term Loan Commitment, Tranche B Term Loan Commitment, Revolving Loan Commitment, Swing Line Loan Commitment, Tranche A Term Loan, Tranche B Term Loan, Revolving Loans and the Commitment Swing Line Loans of each Lender and, to the extent Administrative Agent has received notice of participation, Participant from time to time (the “Register”). The Register shall be available for inspection by the Borrower or any Lender at any reasonable time and from time to time upon reasonable prior notice.
(ii) The Company, Administrative Agent shall record in the Register the Commitment and the Loans of each Lender, and each repayment or prepayment of the principal amount of such Loans. Any such recordation shall be conclusive and binding on the Borrower and each LenderLenders shall, absent manifest error; provided that failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s Commitment or the Obligations in respect of any applicable Loan.
(iii) Each Lender shall record on its internal records (or, at such Lender’s option, on the Note held by such Lender) the amount of each Loan made by it and each payment thereof. Any such recordation shall be conclusive and binding on the Borrower, absent manifest error; provided that failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s Commitment or the Obligations in respect of any applicable Loan; and provided, further, that in the event of any inconsistency between the Register and any Lender’s records, the recordations in the Register shall govern (absent manifest error therein).
(iv) The Borrower, the Administrative Agent and the Lenders shall deem and treat the Persons listed as Lenders in the Register as the holders and owners of the corresponding Commitments and Loans listed therein for all purposes hereof, and no assignment or transfer of any such Commitment or Loan shall be effective, in each case unless and until an Assignment Agreement effecting the assignment or transfer thereof shall have been accepted by the Administrative Agent and recorded in the Register as provided in Section 8.1C. Prior to such recordation, ; all amounts owed with respect to the applicable any Commitment or Loan shall be owed to the Lender listed in the Register as the owner thereof, ; and any request, authority or consent of any Person who, at the time of making such request or giving such authority or consent, is listed in the Register as a Lender shall be conclusive and binding on any subsequent holder, assignee or transferee of the corresponding Commitments or Loans. Each Lender shall record on its internal records the amount of its Loans and Commitments and each payment in respect hereof, and any such recordation shall be conclusive and binding on Company, absent manifest error, subject to the entries in the Register, which shall, absent manifest error, govern in the event of any inconsistency with any Lender’s records. Failure to make any recordation in the Register or in any Lender’s records, or any error in such recordation, shall not affect any Loans or Commitments or any Obligations in respect of any Loans.
Appears in 2 contracts
Samples: Credit Agreement (United Online Inc), Credit Agreement (United Online Inc)
The Register. (i) The Administrative Agent shallAgent, acting solely for this purpose as a non-fiduciary agent of for the BorrowerBorrowers, shall maintain at the Funding its address referred to in Section 13.09 a copy of each Assignment and Payment Office Acceptance delivered to and accepted by it and a register (the "Register") for the recordation of the names and addresses of the Lenders and the principal amount and stated interest of the Loans and the Commitment of each Lender from time to time and whether such Lender is an original Lender or the assignee of another Lender pursuant to an Assignment and Acceptance. The Administrative Agent shall incur no liability of any kind to the Borrowers, any Lender or any other Person with respect to its maintenance of the Register or the recordation of information therein. The Register shall include a control account and a subsidiary account for each Lender, in which accounts (taken together) shall be recorded (i) the “Register”)date and amount of each Borrowing made hereunder, (ii) the amount of any principal or interest due and payable or to become due and payable from the Borrowers to each Lender hereunder and (iii) the amount of any sum received by the Administrative Agent from the Borrowers hereunder and each Lender's share thereof. The Administrative Agent will render a monthly statement of such accounts to the Borrowers. Each such statement shall be deemed final, binding and conclusive upon the Borrowers in all respects as to all matters reflected therein (absent manifest error) unless the Borrowers, within thirty (30) days after the date such statement is rendered, delivers to the Administrative Agent written notice of any objections which the Borrowers may have to any such statement. In that event, only those items expressly objected to in such notice shall be deemed to be disputed by the Borrowers. The entries in the Register shall be final, conclusive and binding upon the Borrowers for all purposes, absent manifest error, and each Borrower and each other Loan Party, the Administrative Agent and the Lenders shall treat each Person whose name is recorded in the Register as a Lender hereunder for all purposes of this Agreement. The Register shall be available for inspection by the Borrower Borrowers or any Lender at any reasonable time and from time to time upon reasonable prior notice.
(ii) The Administrative Agent shall record in the Register the Commitment and the Loans of each Lender, and each repayment or prepayment of the principal amount of such Loans. Any such recordation No assignment shall be conclusive and binding on the Borrower and each Lender, absent manifest error; provided that failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s Commitment or the Obligations in respect of any applicable Loan.
(iii) Each Lender shall record on its internal records (or, at such Lender’s option, on the Note held by such Lender) the amount of each Loan made by it and each payment thereof. Any such recordation shall be conclusive and binding on the Borrower, absent manifest error; provided that failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s Commitment or the Obligations in respect of any applicable Loan; and provided, further, that in the event of any inconsistency between the Register and any Lender’s records, the recordations in the Register shall govern (absent manifest error therein).
(iv) The Borrower, the Administrative Agent and the Lenders shall deem and treat the Persons listed as Lenders in the Register as the holders and owners of the corresponding Commitments and Loans listed therein for all purposes hereof, and no assignment or transfer of any such Commitment or Loan shall be effective, in each case effective unless and until an the Assignment Agreement effecting the assignment or transfer thereof shall have and Acceptance has been accepted by the Administrative Agent and recorded registered in the Register as provided in Section 8.1C. Prior to such recordation, all amounts owed with respect to the applicable Commitment or Loan shall be owed to the Lender listed in the Register as the owner thereof, and any request, authority or consent of any Person who, at the time of making such request or giving such authority or consent, is listed in the Register as a Lender shall be conclusive and binding on any subsequent holder, assignee or transferee of the corresponding Commitments or LoansRegister.
Appears in 2 contracts
Samples: Credit Agreement (Donna Karan International Inc), Credit Agreement (Donna Karan International Inc)
The Register. (i) The Administrative Agent shallshall maintain, acting solely for this purpose as a non-fiduciary agent of the Borrowerat its address referred to in subsection 10.8, maintain at the Funding and Payment Office a register for the recordation of the names and addresses of the Lenders and the principal amount Commitments and stated interest of the Loans and the Commitment of each Lender from time to time (the “Register”"REGISTER"). The Register shall be available for inspection by the Borrower or any Lender at any reasonable time and from time to time upon reasonable prior notice.
(ii) The Administrative Agent shall record in the Register the Tranche A Term Loan Commitment, Tranche B Term Loan Commitment and Revolving Loan Commitment and the Tranche A Term Loans, Tranche B Term Loans and Revolving Loans from time to time of each Lender, and each repayment or prepayment in respect of the principal amount of such Loansthe Term Loan or Revolving Loans of each Lender. Any such recordation shall be conclusive and binding on the Borrower and each Lender, absent manifest error; provided PROVIDED that failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s Commitment 's Commitments or the Borrower's Obligations in respect of any applicable LoanLoans.
(iii) Each Lender shall may record on its internal records (or, at such Lender’s option, on including the Note Notes held by such Lender) the amount of the Tranche A Term Loans, Tranche B Term Loans and each Revolving Loan made by it and each payment in respect thereof. Any such recordation shall be conclusive and binding on the Borrower, absent manifest error; provided PROVIDED that failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s Commitment 's Commitments or the Borrower's Obligations in respect of any applicable LoanLoans; and provided, further, PROVIDED FURTHER that in the event of any inconsistency between the Register and any Lender’s 's records, the recordations in the Register shall govern (absent manifest error thereinerror).
(iv) The Borrower, the Administrative Agent and the Lenders shall deem and treat the Persons listed as Lenders in the Register as the holders and owners of the corresponding Commitments and Loans listed therein for all purposes hereof, and no assignment or transfer of any such Commitment or Loan shall be effective, in each case unless and until an Assignment Agreement effecting the assignment or transfer thereof shall have been accepted by the Administrative Agent and recorded in the Register as provided in Section 8.1C. subsection 10.1B(ii). Prior to such recordation, all amounts owed with respect to the applicable Commitment or Loan shall be owed to the Lender listed in the Register as the owner thereof, and any request, authority or consent of any Person who, at the time of making such request or giving such authority or consent, is listed in the Register as a Lender shall be conclusive and binding on any subsequent holder, assignee or transferee of the corresponding Commitments or Loans.
(v) Borrower hereby designates CIBC to serve as Borrower's agent solely for purposes of maintaining the Register as provided in this subsection 2.1D, and Borrower hereby agrees that, to the extent CIBC serves in such capacity, CIBC and its officers, directors, employees, agents and Affiliates shall constitute Indemnitees for all purposes under subsection 10.3.
Appears in 2 contracts
Samples: Credit Agreement (Integrated Defense Technologies Inc), Credit Agreement (Integrated Defense Technologies Inc)
The Register. (i) The Administrative Agent shallshall maintain, acting solely for this purpose as a non-fiduciary agent of the Borrower, maintain at the Funding and Payment Office address referred to in subsection 10.8, a register for the recordation of the names and addresses of the Lenders and the principal amount Commitments and stated interest of the Loans and the Commitment of each Lender from time to time (the “"Register”"). The Register shall be available for inspection by the Borrower Company or any Lender at any reasonable time and from time to time upon reasonable prior notice.
(ii) The Administrative Agent shall record in the Register the Commitment Commitments and the outstanding Loans from time to time of each Lender, Lender and each repayment or prepayment in respect of the principal amount of such Loansthe outstanding Loans of each Lender. Any such recordation shall be conclusive and binding on the Borrower Company and each Lender, absent manifest error; provided, that failure to make any such recordation, or any error in such recordation, shall not affect Company's Obligations in respect of the applicable Loans.
(iii) Each Lender shall record on its internal records (including, without limitation, the Notes held by such Lender) the amount of each Loan made by it and each payment in respect thereof. Any such recordation shall be prima facie evidence of the amount of such Loans; provided that failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s Commitment or the Company's Obligations in respect of any the applicable Loan.
(iii) Each Lender shall record on its internal records (or, at such Lender’s option, on the Note held by such Lender) the amount of each Loan made by it and each payment thereof. Any such recordation shall be conclusive and binding on the Borrower, absent manifest error; provided that failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s Commitment or the Obligations in respect of any applicable LoanLoans; and provided, further, further that in the event of any inconsistency between the Register and any Lender’s 's records, the recordations in the Register shall govern (govern, absent manifest error therein)error.
(iv) The BorrowerCompany, the Administrative Agent Agents and the Lenders shall deem and treat the Persons listed as Lenders in the Register as the holders and owners of the corresponding Commitments and Loans listed therein for all purposes hereof, and no assignment or transfer of any such Commitment or Loan shall be effective, in each case unless and an until an Assignment Agreement effecting the assignment or transfer thereof shall have been accepted by the Administrative Agent and recorded in the Register as provided in Section 8.1C. subsection 10.1B(ii). Prior to such recordation, all amounts owed with respect to the applicable Commitment or Loan shall be owed to the Lender listed in the Register as the owner thereof, and any request, authority or consent of any Person who, at the time of making such request or giving such authority or consent, is listed in the Register as a Lender shall be conclusive and binding on any subsequent holder, assignee or transferee of the corresponding Commitments or Loans.
(v) Company hereby designates Chase, and any financial institution serving as a successor Administrative Agent, to serve as Company's agent solely for purposes of maintaining the Register as provided in this subsection 2.1D, and Company hereby agrees that, to the extent Chase serves in such capacity, Chase and its officers, directors, employees, agents and affiliates shall constitute Indemnities for all purposes under subsection 10.3.
Appears in 2 contracts
Samples: Credit Agreement (Aurora Foods Inc /Md/), Credit Agreement (Aurora Foods Inc /De/)
The Register. (i) The Administrative Agent shallAgent, acting for these purposes solely for this purpose as a non-fiduciary an agent of the BorrowerCompany (it being acknowledged that Administrative Agent, in such capacity, and its officers, directors, employees, agent and affiliates shall constitute Indemnitees under subsection 10.3), shall maintain (and make available for inspection by Company and any Joint-Lead Arranger upon reasonable prior notice at the Funding and Payment Office reasonable times) at its address referred to in subsection 10.8 a register for the recordation of of, and shall record, the names and addresses of the Lenders and the principal amount and stated interest respective amounts of the Tranche A Term Loan Commitment, Tranche B Term Loan Commitment, Tranche C Term Loan Commitment, Revolving Loan Commitment, Swing Line Loan Commitment, Tranche A Term Loan, Tranche B Term Loan, Tranche C Term Loan, Revolving Loans and the Commitment Swing Line Loans of each Lender from time to time (the “Register”). The Register shall be available for inspection by the Borrower or any Lender at any reasonable time and from time to time upon reasonable prior notice.
(ii) The Administrative Agent shall record in the Register the Commitment and the Loans of each LenderCompany, and each repayment or prepayment of the principal amount of such Loans. Any such recordation shall be conclusive and binding on the Borrower and each Lender, absent manifest error; provided that failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s Commitment or the Obligations in respect of any applicable Loan.
(iii) Each Lender shall record on its internal records (or, at such Lender’s option, on the Note held by such Lender) the amount of each Loan made by it and each payment thereof. Any such recordation shall be conclusive and binding on the Borrower, absent manifest error; provided that failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s Commitment or the Obligations in respect of any applicable Loan; and provided, further, that in the event of any inconsistency between the Register and any Lender’s records, the recordations in the Register shall govern (absent manifest error therein).
(iv) The Borrower, the Administrative Agent and the Lenders shall deem and treat the Persons listed as Lenders in the Register as the holders and owners of the corresponding Commitments and Loans listed therein for all purposes hereof, and no assignment or transfer of any such Commitment or Loan shall be effective, in each case unless and until an Assignment Agreement effecting the assignment or transfer thereof shall have been accepted by the Administrative Agent and recorded in the Register as provided in Section 8.1C. Prior to such recordation, ; all amounts owed with respect to the applicable any Commitment or Loan shall be owed to the Lender listed in the Register as the owner thereof, ; and any request, authority or consent of any Person who, at the time of making such request or giving such authority or consent, is listed in the Register as a Lender shall be conclusive and binding on any subsequent holder, assignee or transferee of the corresponding Commitments or Loans. Each Lender shall record on its internal records the amount of its Loans and Commitments and each payment in respect hereof, and any such recordation shall be conclusive and binding on Company, absent manifest error, subject to the entries in the Register, which shall, absent manifest error, govern in the event of any inconsistency with any Lender’s records. Failure to make any recordation in the Register or in any Lender’s records, or any error in such recordation, shall not affect any Loans or Commitments or any Obligations in respect of any Loans.
Appears in 2 contracts
Samples: Credit Agreement (Urs Corp /New/), Credit Agreement (Urs Corp /New/)
The Register. (i) The Administrative Agent shallshall maintain, acting solely for this purpose as a non-fiduciary agent of the Borrowerat its address referred to in subsection 10.8, maintain at the Funding and Payment Office a register for the recordation of the names and addresses of the Lenders and the principal amount Commitments and stated interest of the Loans and the Commitment of each Lender from time to time (the “Register”"REGISTER"). The Register shall be available for inspection by the Borrower Company or any Lender at any reasonable time and from time to time upon reasonable prior notice.
(ii) The Administrative Agent shall record in the Register the Revolving Loan Commitment and the Tranche B Term Loan and Revolving Loans from time to time of each Lender, the Swing Line Loan Commitment and the Swing Line Loans from time to time of Swing Line Lender, and each repayment or prepayment in respect of the principal amount of such Loansthe Tranche B Term Loan or Revolving Loans of each Lender or the Swing Line Loans of Swing Line Lender. Any such recordation shall be conclusive and binding on the Borrower Company and each Lender, absent manifest error; provided PROVIDED that failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s Commitment 's Commitments or the Company's Obligations in respect of any applicable LoanLoans.
(iii) Each Lender shall record on its internal records (orincluding the Notes, at such Lender’s optionif any, on the Note held by such Lender) the amount of the Tranche B Term Loan and each Revolving Loan made by it and each payment in respect thereof. Any such recordation shall be conclusive and binding on the BorrowerCompany, absent manifest error; provided PROVIDED that failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s Commitment 's Commitments or the Company's Obligations in respect of any applicable LoanLoans; and providedPROVIDED, further, FURTHER that in the event of any inconsistency between the Register and any Lender’s 's records, the recordations in the Register shall govern (absent manifest error therein)govern.
(iv) The BorrowerCompany, the Administrative Agent and the Lenders shall deem and treat the Persons listed as Lenders in the Register as the holders and owners of the corresponding Commitments and Loans listed therein for all purposes hereof, and no assignment or transfer of any such Commitment or Loan shall be effective, in each case unless and until an Assignment Agreement effecting the assignment or transfer thereof shall have been accepted by the Administrative Agent and recorded in the Register as provided in Section 8.1C. subsection 10.1B(ii). Prior to such recordation, all amounts owed with respect to the applicable Commitment or Loan shall be owed to the Lender listed in the Register as the owner thereof, and any request, authority or consent of any Person who, at the time of making 38 such request or giving such authority or consent, is listed in the Register as a Lender shall be conclusive and binding on any subsequent holder, assignee or transferee of the corresponding Commitments or Loans.
(v) Company hereby affirms its designation of Wells Fargo to serve as Company's agent solely for purposes xx xaintaining the Register as provided in this subsection 2.1D, and Company hereby agrees that, to the extent Wells Fargo serves in such capacity, Wells Fargo and its ofxxxxxs, directors, employees, agents xxx xffiliates shall constitute Indemnitees for all purposes under subsection 10.3.
Appears in 1 contract
The Register. (i) The Administrative Agent shallAgent, acting for these purposes solely for this purpose as a non-fiduciary an agent of the BorrowerCompany (it being acknowledged that Administrative Agent, in such capacity, and its officers, directors, employees, agent and affiliates shall constitute Indemnitees under subsection 10.3), shall maintain (and make available for inspection by Company upon reasonable prior notice at the Funding and Payment Office reasonable times) at its address referred to in subsection 10.8 a register for the recordation of of, and shall record, the names and addresses of the Lenders and the principal amount Revolving Loan Commitment and stated interest of the Revolving Loans and the Commitment of each Lender from time to time (the “Register”). The Register shall be available for inspection by the Borrower or any Lender at any reasonable time Company and from time to time upon reasonable prior notice.
(ii) The Administrative Agent shall record in the Register the Commitment and the Loans of each Lender, and each repayment or prepayment of the principal amount of such Loans. Any such recordation shall be conclusive and binding on the Borrower and each Lender, absent manifest error; provided that failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s Commitment or the Obligations in respect of any applicable Loan.
(iii) Each Lender shall record on its internal records (or, at such Lender’s option, on the Note held by such Lender) the amount of each Loan made by it and each payment thereof. Any such recordation shall be conclusive and binding on the Borrower, absent manifest error; provided that failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s Commitment or the Obligations in respect of any applicable Loan; and provided, further, that in the event of any inconsistency between the Register and any Lender’s records, the recordations in the Register shall govern (absent manifest error therein).
(iv) The Borrower, the Administrative Agent and the Lenders shall deem and treat the Persons listed as Lenders in the Register as the holders and owners of the corresponding Commitments and Loans listed therein for all purposes hereof, and no assignment or transfer of any such Commitment or Loan shall be effective, in each case unless and until an Assignment Agreement effecting the assignment or transfer thereof shall have been accepted by the Administrative Agent and recorded in the Register as provided in Section 8.1C. Prior to such recordation, ; all amounts owed with respect to the applicable any Commitment or Loan shall be owed to the Lender listed in the Register as the owner thereof, ; and any request, authority or consent of any Person who, at the time of making such request or giving such authority or consent, is listed in the Register as a Lender shall be conclusive and binding on any subsequent holder, assignee or transferee of the corresponding Commitments or Loans. Each Lender shall record on its internal records the amount of its Loans 27 Credit Agreement and Commitments and each payment in respect hereof, and any such recordation shall be conclusive and binding on Company, absent manifest error, subject to the entries in the Register, which shall, absent manifest error, govern in the event of any inconsistency with any Lender’s records. Failure to make any recordation in the Register or in any Lender’s records, or any error in such recordation, shall not affect any Loans or Commitments or any Obligations in respect of any Loans.
Appears in 1 contract
The Register. (i) The Administrative Agent shallshall maintain, acting solely for this purpose as a non-fiduciary agent of the Borrowerat its address referred to in subsection 10.8, maintain at the Funding and Payment Office a register for the recordation of the names and addresses of the Lenders and the principal amount Commitments and stated interest of the Loans and the Commitment of each Lender from time to time (the “Register”"REGISTER"). The Register shall be available for inspection by the Borrower or any Lender at any reasonable time and from time to time upon reasonable prior notice.
(ii) The Administrative Agent shall record in the Register the Term Loan Commitment and Revolving Loan Commitment and the Term Loans and Revolving Loans from time to time of each Lender, the Swing Line Loan Commitment and the Swing Line Loans from time to time of Swing Line Lender, and each repayment or prepayment in respect of the principal amount of such Loansthe Term Loans or Revolving Loans of each Lender or the Swing Line Loans of Swing Line Lender. Any such recordation shall be conclusive and binding on the Borrower and each Lender, absent manifest demonstrable error; provided PROVIDED that failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s Commitment Lender"s Commitments or the Borrower"s Obligations in respect of any applicable LoanLoans.
(iii) Each Lender shall record on its internal records (or, at such Lender’s option, on including the Note Notes held by such Lender) the amount of each Loan made by it and each payment in respect thereof. Any such recordation shall be conclusive and binding on the Borrower, absent manifest demonstrable error; provided PROVIDED that failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s Commitment Lender"s Commitments or the Borrower"s Obligations in respect of any applicable LoanLoans; and providedPROVIDED, further, FURTHER that in the event of any inconsistency between the Register and any Lender’s Lender"s records, the recordations in the Register shall govern (absent manifest error therein)govern.
(iv) The Borrower, the Administrative Agent and the Lenders shall deem and treat the Persons listed as Lenders in the Register as the holders and owners of the corresponding Commitments and Loans listed therein for all purposes hereof, and no assignment or transfer of any such Commitment or Loan shall be effective, in each case unless and until an Assignment Agreement effecting the assignment or transfer thereof shall have been accepted by the Administrative Agent and recorded in the Register as provided in Section 8.1C. subsection 10.1B(ii). Prior to such recordation, all amounts owed with respect to the applicable Commitment or Loan shall be owed to the Lender listed in the Register as the owner thereof, and any request, authority or consent of any Person who, at the time of making such request or giving such authority or consent, is listed in the Register as a Lender shall be conclusive and binding on any subsequent holder, assignee or transferee of the corresponding Commitments or Loans.
(v) Borrower hereby designates Administrative Agent to serve as Borrower"s agent solely for purposes of maintaining the Register as provided in this subsection 2.1D, and Borrower hereby agrees that, to the extent Administrative Agent serves in such capacity, Administrative Agent and its officers, directors, employees, agents and affiliates shall constitute Indemnitees for all purposes under subsection 10.3.
Appears in 1 contract
The Register. (i) The Administrative Agent shallshall maintain, acting solely for this purpose as a non-fiduciary agent of the Borrowerat its address referred to in subsection 9.8, maintain at the Funding and Payment Office a register for the recordation of the names and addresses of the Lenders and the principal amount Additional AXEL Commitments and stated interest of the Loans and the Commitment AXELs of each Lender from time to time (the “Register”"REGISTER"). The Register shall be available for inspection by the Borrower Company or any Lender at any reasonable time and from time to time upon reasonable prior notice.
(ii) The Administrative Agent shall record in the Register the Additional AXEL Commitment and the Loans AXELs from time to time of each Lender, Lender and each repayment or prepayment in respect of the principal amount of such Loansthe AXEL of each Lender. Any such recordation shall be conclusive and binding on the Borrower Company and each Lender, absent manifest error; provided that failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s 's Additional AXEL Commitment or the Company's Obligations in respect of any applicable LoanAXELs.
(iii) Each Lender shall record on its internal records (or, at such Lender’s option, on including the Note AXEL Notes held by such Lender) the amount of each Loan the AXELs made by it and each payment in respect thereof. Any such recordation shall be conclusive and binding on the BorrowerCompany, absent manifest error; provided that failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s 's Additional AXEL Commitment or the Company's Obligations in respect of any applicable Loan; AXELs and provided, further, further that in the event of any inconsistency between the Register and any Lender’s 's records, the recordations in the Register shall govern (absent manifest error therein)govern.
(iv) The BorrowerCompany, the Administrative Agent and the Lenders shall deem and treat the Persons listed as Lenders in the Register as the holders and owners of the corresponding Additional AXEL Commitments and Loans AXELs listed therein for all purposes hereof, and no assignment or transfer of any such Additional AXEL Commitment or Loan AXEL shall be effective, in each case unless and until an Assignment Agreement effecting the assignment or transfer thereof shall have been accepted by the Administrative Agent and recorded in the Register as provided in Section 8.1C. subsection 9.1B(ii). Prior to such recordation, all amounts owed with respect to the applicable Additional AXEL Commitment or Loan AXEL shall be owed to the Lender listed in the Register as the owner thereof, and any request, authority or consent of any Person who, at the time of making such request or giving such authority or consent, is listed in the Register as a Lender shall be conclusive and binding on any subsequent holder, assignee or transferee of the corresponding Additional AXEL Commitments or LoansAXELs.
(v) Company hereby designates Fleet to serve as Company's agent solely for purposes of maintaining the Register as provided in this subsection 2.1D, and Company hereby agrees that, to the extent Fleet serves in such capacity, Fleet and its officers, directors, employees, agents and affiliates shall constitute Indemnitees for all purposes under subsection 9.3.
Appears in 1 contract
The Register. (i) The Administrative Agent shallshall maintain, acting solely for this purpose as a non-fiduciary agent of the Borrowerat its address referred to in subsection 10.8, maintain at the Funding and Payment Office a register for the recordation of the names and addresses of the Lenders and the principal amount Revolving Loan Commitments and stated interest of the Revolving Loans and the Commitment of each Lender from time to time (the “Register”"REGISTER"). The Register shall be available for inspection by the Borrower Company or any Lender at any reasonable time and from time to time upon reasonable prior notice.
(ii) The Administrative Agent shall record in the Register the Revolving Loan Commitment and the Revolving Loans from time to time of each Lender, Lender and each repayment or prepayment in respect of the principal amount of such Loansthe Revolving Loans of each Lender. Any such recordation shall be conclusive and binding on the Borrower Company and each Lender, absent manifest error; provided that failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s Commitment 's Revolving Loan Commitments or the Company's Obligations in respect of any applicable LoanRevolving Loans.
(iii) Each Lender shall record on its internal records (or, at such Lender’s option, on including the Note Notes held by such Lender) the amount of each Revolving Loan made by it and each payment in respect thereof. Any such recordation shall be conclusive and binding on the BorrowerCompany, absent manifest error; provided that failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s Commitment 's Revolving Loan Commitments or the Company's Obligations in respect of any applicable LoanRevolving Loans; and provided, further, further that in the event of any inconsistency between the Register and any Lender’s 's records, the recordations in the Register shall govern (absent manifest error therein)govern.
(iv) The BorrowerCompany, the Administrative Agent and the Lenders shall deem and treat the Persons listed as Lenders in the Register as the holders and owners of the corresponding Revolving Loan Commitments and Revolving Loans listed therein for all purposes hereof, and no assignment or transfer of any such Revolving Loan Commitment or Revolving Loan shall be effective, in each case unless and until an Assignment Agreement effecting the assignment or transfer thereof shall have been accepted by the Administrative Agent and recorded in the Register as provided in Section 8.1C. subsection 10.1B(ii). Prior to such recordation, all amounts owed with respect to the applicable Revolving Loan Commitment or Revolving Loan shall be owed to the Lender listed in the Register as the owner thereof, and any request, authority or consent of any Person who, at the time of making such request or giving such authority or consent, is listed in the Register as a Lender shall be conclusive and binding on any subsequent holder, assignee or transferee of the corresponding Revolving Loan Commitments or Revolving Loans.
(v) Company hereby designates Fleet to serve as Company's agent solely for purposes of maintaining the Register as provided in this subsection 2.1D, and Company hereby agrees that, to the extent Fleet serves in such capacity, Fleet and its officers, directors, employees, agents and affiliates shall constitute Indemnitees for all purposes under subsection 10.3.
Appears in 1 contract
Samples: Revolving Loan Credit Agreement (Amscan Holdings Inc)
The Register. (i) The Administrative Agent shallAgent, acting solely for this purpose as a non-fiduciary agent of for the Borrower, shall maintain at the Funding its address referred to in Section 13.10 a copy of each Assignment and Payment Office Acceptance delivered to and accepted by it and a register (the “Register”) for the recordation of the names and addresses of the Lenders and the principal amount and stated interest of the Loans and the Revolving Loan Commitment of each Lender from time to time and whether such Lender is an original Lender or the assignee of another Lender pursuant to an Assignment and Acceptance. The Administrative Agent shall incur no liability of any kind to the Borrower, any Loan Party, any Lender or any other Person with respect to its maintenance of the Register or the recordation of information therein. The Register shall include a control account and a subsidiary account for each Lender, in which accounts (taken together) shall be recorded (i) the “Register”)date and amount of each Borrowing made hereunder, (ii) the amount of any principal or interest due and payable or to become due and payable from the Borrower to each Lender hereunder and (iii) the amount of any sum received by the Administrative Agent from the Borrower hereunder and each Lender’s share thereof. The Administrative Agent will render a monthly statement of such accounts to the Borrower. Each such statement shall be deemed final, binding and conclusive upon the Borrower and the other Loan Parties in all respects as to all matters reflected therein (absent manifest error) unless the Borrower, within thirty (30) days after the date such statement is rendered, delivers to the Administrative Agent written notice of any objections which the Borrower may have to any such statement. In that event, only those items expressly objected to in such notice shall be deemed to be disputed by the Borrower. The entries in the Register shall be final, conclusive and binding upon the Borrower and the other Loan Parties for all purposes, absent manifest error, and the Borrower, each of its Subsidiaries and each other Loan Party, the Administrative Agent and the Lenders shall treat each Person whose name is recorded in the Register as a Lender hereunder for all purposes of this Agreement. The Register shall be available for inspection by the Borrower or any Lender at any reasonable time and from time to time upon reasonable prior notice.
(ii) The Administrative Agent shall record in the Register the Commitment and the Loans . No assignment of each Lenderany Revolving Loan Commitment, and each repayment Loan or prepayment of the principal amount of such Loans. Any such recordation shall be conclusive and binding on the Borrower and each Lender, absent manifest error; provided that failure to make any such recordationNote, or any error in such recordationinterest therein, shall not affect any Lender’s Commitment or the Obligations in respect of any applicable Loan.
(iii) Each Lender shall record on its internal records (or, at such Lender’s option, on the Note held by such Lender) the amount of each Loan made by it and each payment thereof. Any such recordation shall be conclusive and binding on the Borrower, absent manifest error; provided that failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s Commitment or the Obligations in respect of any applicable Loan; and provided, further, that in the event of any inconsistency between the Register and any Lender’s records, the recordations in the Register shall govern (absent manifest error therein).
(iv) The Borrower, the Administrative Agent and the Lenders shall deem and treat the Persons listed as Lenders in the Register as the holders and owners of the corresponding Commitments and Loans listed therein for all purposes hereof, and no assignment or transfer of any such Commitment or Loan shall be effective, in each case effective unless and until an the Assignment Agreement effecting the assignment or transfer thereof shall have and Acceptance has been accepted by the Administrative Agent and recorded registered in the Register as provided in Register. This Section 8.1C. Prior to such recordation, all amounts owed with respect to the applicable Commitment or Loan 13.01(c) shall be owed to the Lender listed in the Register as the owner thereofconstrued so that all Revolving Loan Commitments, Loans and Notes, and any requestinterest therein, authority or consent are maintained at all times in “registered form” within the meaning of any Person whosections 163(f), at the time of making such request or giving such authority or consent, is listed in the Register as a Lender shall be conclusive 871(h) and binding on any subsequent holder, assignee or transferee 881(c) of the corresponding Commitments or LoansCode.
Appears in 1 contract
The Register. (i) The Administrative Agent shallshall maintain, acting solely for this purpose as a non-fiduciary agent of the Borrowerat its address referred to in subsection 10.8, maintain at the Funding and Payment Office a register for the recordation of the names and addresses of the Lenders and the principal amount Commitments and stated interest of the Loans and the Commitment of each Lender from time to time (the “"Register”"). The Register shall be available for inspection by the Borrower or any Lender at any reasonable time and from time to time upon reasonable prior notice.
(ii) The Administrative Agent shall record in the Register the Term Loan Commitment and Revolving Loan Commitment and the Term Loans and Revolving Loans from time to time of each Lender, and each repayment or prepayment in respect of the principal amount of such Loansthe Term Loans or Revolving Loans of each Lender. Any such recordation shall be conclusive and binding on the Borrower and each Lender, absent manifest error; provided that failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s Commitment Commitments or the Borrower’s Obligations in respect of any applicable LoanLoans.
(iii) Each Lender shall record on its internal records (or, at such Lender’s option, on including the Note Notes held by such Lender) the amount of any Term Loan and each Revolving Loan made by it and each payment in respect thereof. Any such recordation shall be conclusive and binding on the Borrower, absent manifest error; provided that failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s Commitment Commitments or the Borrower’s Obligations in respect of any applicable LoanLoans; 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 (absent manifest error thereinerror).
(iv) The Borrower, the Administrative Agent and the Lenders shall deem and treat the Persons listed as Lenders in the Register as the holders and owners of the corresponding Commitments and Loans listed therein for all purposes hereof, and no assignment or transfer of any such Commitment or Loan shall be effective, in each case unless and until an Assignment Agreement effecting the assignment or transfer thereof shall have been accepted by the Administrative Agent and recorded in the Register as provided in Section 8.1C. subsection 10.1B(ii). Prior to such recordation, all amounts owed with respect to the applicable Commitment or Loan shall be owed to the Lender listed in the Register as the owner thereof, and any request, authority or consent of any Person who, at the time of making such request or giving such authority or consent, is listed in the Register as a Lender shall be conclusive and binding on any subsequent holder, assignee or transferee of the corresponding Commitments or Loans.
(v) Borrower hereby designates CIBC to serve as Borrower’s agent solely for purposes of maintaining the Register as provided in this subsection 2.1D, and Borrower hereby agrees that, to the extent CIBC serves in such capacity, CIBC and its officers, directors, employees, agents and Affiliates shall constitute Indemnitees for all purposes under subsection 10.3.
Appears in 1 contract
The Register. (i) The Administrative Agent shallshall maintain, acting solely as agent for this purpose as a non-fiduciary agent of the Borrower, maintain at the Funding and Payment Office its address referred to in subsection 10.9, a register for the recordation of the names and addresses of the Lenders and the principal amount Commitments and stated interest of the Loans and the Commitment of each Lender from time to time (the “Register”"REGISTER"). The Register shall be available for inspection by the Borrower Borrowers or any Lender at any reasonable time and from time to time upon reasonable prior notice.
(ii) The Administrative Agent shall record in the Register the Commitment and the Loans from time to time of each Lender, and each repayment or prepayment in respect of the principal amount of such Loansthe Loans of each Lender. Any such recordation shall be conclusive and binding on the Borrower Borrowers and each Lender, absent manifest error; provided PROVIDED that failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s Commitment 's Commitments or the Obligations of any Loan Party in respect of any applicable LoanLoans.
(iii) Each Lender shall record on its internal records (or, at such Lender’s option, on including the Note Notes held by such Lender) the amount of each Loan made by it and each payment in respect thereof. Any such recordation shall be conclusive and binding on the BorrowerBorrowers, absent manifest error; provided PROVIDED that failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s Commitment 's Commitments or the Obligations of any Loan Party in respect of any applicable LoanLoans; and providedPROVIDED, further, FURTHER that in the event of any inconsistency between the Register and any Lender’s 's records, the recordations in the Register shall govern (absent manifest error therein)govern.
(iv) The Borrower, the Administrative Agent and the Lenders shall deem and treat the Persons listed as Lenders in the Register as the holders and owners of the corresponding Commitments and Loans listed therein for all purposes hereof, and no assignment or transfer of any such Commitment or Loan shall be effective, in each case unless and until an Assignment Agreement effecting the assignment or transfer thereof shall have been accepted by the Administrative Agent and recorded in the Register as provided in Section 8.1C. subsection 10.1B(ii). Prior to such recordation, all amounts owed with respect to the applicable Commitment or Loan shall be owed to the Lender listed in the Register as the owner thereof, and any request, authority or consent of any Person who, at the time of making such request or giving such authority or consent, is listed in the Register as a Lender shall be conclusive and binding on any subsequent holder, assignee or transferee of the corresponding Commitments or Loans.
Appears in 1 contract
The Register. (i) The Administrative Agent shallshall maintain, acting solely for this purpose as a non-fiduciary agent of the Borrowerat its address referred to in subsection 10.8, maintain at the Funding and Payment Office a register for the recordation of the names and addresses of the Lenders and the principal amount Commitments and stated interest of the Loans and the Commitment of each Lender from time to time (the “Register”"REGISTER"). The Register shall be available for inspection by the Borrower Company or any Lender at any reasonable time and from time to time upon reasonable prior notice.
(ii) The Administrative Agent shall record in the Register the Commitments and Loans from time to time of each Lender, the Swing Line Loan Commitment and the Swing Line Loans from time to time of each Swing Line Lender, and each repayment or prepayment in respect of the principal amount of such Loansthe Loans of each Lender or the Swing Line Loans of Swing Line Lender. Any such recordation shall be conclusive and binding on the Borrower Company and each Lender, absent manifest error; provided that failure to make any such recordation, -------- or any error in such recordation, shall not affect any Lender’s Commitment or the Company's Obligations in respect of any the applicable LoanLoans.
(iii) Each Lender shall record on its internal records (orincluding, at such Lender’s optionwithout limitation, on the Note any Notes held by such Lender) the amount of each Loan made by it and each payment in respect thereof. Any such recordation shall be conclusive and binding on the BorrowerCompany, absent manifest error; provided that -------- failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s Commitment or the Company's Obligations in respect of any the applicable LoanLoans; and provided, further, further that in the event of any inconsistency between the -------- ------- Register and any Lender’s 's records, the recordations in the Register shall govern (absent manifest error therein)govern.
(iv) The BorrowerCompany, the Administrative Agent and the Lenders shall deem and treat the Persons listed as Lenders in the Register as the holders and owners of the corresponding Commitments and Loans listed therein for all purposes hereof, and no assignment or transfer of any such Commitment or Loan shall be effective, in each case unless and until an Assignment Agreement effecting the assignment or transfer thereof shall have been accepted by the Administrative Agent and recorded in the Register as provided in Section 8.1C. subsection 10.1B(ii). Prior to such recordation, all amounts owed with respect to the applicable Commitment or Loan shall be owed to the Lender listed in the Register as the owner thereof, and any request, authority or consent of any Person who, at the time of making such request or giving such authority or consent, is listed in the Register as a Lender shall be conclusive and binding on any subsequent holder, assignee or transferee of the corresponding Commitments or Loans.
(v) Company hereby designates Administrative Agent to serve as Company's agent solely for purposes of maintaining the Register as provided in this subsection 2.1D, and Company hereby agrees that, to the extent Administrative Agent serves in such capacity, Administrative Agent and its officers, directors, employees, agents and affiliates shall constitute Indemnitees for all purposes under subsection 10.3.
Appears in 1 contract
The Register. (i) The Administrative Primary Documentation Agent shallshall maintain, acting solely for this purpose as a non-fiduciary agent of the Borrowerat its address referred to in subsection 13.8, maintain at the Funding and Payment Office a register for the recordation of the names and addresses of Lenders, the Lenders Tranche A Domestic Commitment, Tranche A Canadian Commitment, Tranche B Domestic Commitment and Loans of each Lender, and the principal amount Tranche A Domestic Swing Line Commitment, Tranche A Canadian Swing Line Commitment and stated interest Swing Line Loans of the Loans and the Commitment of each Swing Line Lender from time to time (the “Register”"REGISTER"). The Register shall be available for inspection by the any Borrower or any Lender at any reasonable time and from time to time upon reasonable prior notice.
(ii) The Administrative Primary Documentation Agent shall record in the Register the Tranche A Domestic Commitment, Tranche A Canadian Commitment, Tranche B Domestic Commitment and the Loans from time to time of each Lender and the Tranche A Domestic Swing Line Commitment and Tranche A Canadian Swing Line Commitment of Swing Line Lender and each repayment or prepayment in respect of the principal amount of the Loans of each Lender, and each repayment or prepayment of the principal amount of such Loans. Any such recordation shall be conclusive and binding on the Borrower Borrowers and each Lender, absent manifest or demonstrable error; provided that 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 the applicable LoanLoans.
(iii) Each Lender shall record on its internal records (orincluding, at such Lender’s optionwithout limitation, on the any Note held by such Lender) the amount of each Loan made by it and each payment in respect thereof. Any such recordation shall be conclusive and binding on the BorrowerBorrowers and such Lender, absent manifest or demonstrable error; provided that 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 the applicable LoanLoans; and provided, further, further that in the event of any inconsistency between the Register and any Lender’s 's records, the recordations in the Register shall govern (absent manifest error therein)govern.
(iv) The BorrowerBorrowers, the Administrative Primary Documentation Agent and the Lenders shall deem and treat the Persons listed as Lenders in the Register as the holders and owners of the corresponding Commitments Tranche A Domestic Commitments, Tranche A Canadian Commitments, Tranche B Domestic Commitments, Tranche A Domestic Swing Line Commitment, Tranche A Canadian Swing Line Commitment and Loans listed therein for all purposes hereof, and no assignment or transfer of any such Commitment or Loan shall be effectiveTranche A Domestic Commitment, in each case unless and until an Assignment Agreement effecting the assignment or transfer thereof shall have been accepted by the Administrative Agent and recorded in the Register as provided in Section 8.1C. Prior to such recordationTranche A Canadian Commitment, all amounts owed with respect to the applicable Commitment or Loan shall be owed to the Lender listed in the Register as the owner thereofTranche B Domestic Commitments, and any request, authority or consent of any Person who, at the time of making such request or giving such authority or consent, is listed in the Register as a Lender shall be conclusive and binding on any subsequent holder, assignee or transferee of the corresponding Commitments or Loans.Tranche A
Appears in 1 contract
Samples: Credit Agreement (Safeway Inc)
The Register. (ia) The Administrative Agent shall, acting solely for this purpose as a non-fiduciary agent of the Borrower, shall maintain at the Funding and Payment Office a register for the recordation of the names and addresses of the Lenders and the principal amount and stated interest of the Loans and the Commitment of each Lender from time to time (the each, a “Register”), which shall include a master account and a subsidiary account for each applicable Lender and in which accounts (taken together) shall be recorded (i) the date and amount of each Borrowing made hereunder, the Type of each Loan comprising such Borrowing and any Interest Period or BA Equivalent Interest Period applicable thereto, (ii) the effective date and amount of each Assignment and Acceptance delivered to and accepted by it and the parties thereto, (iii) the amount of any principal or interest due and payable or to become due and payable from the applicable Borrowers to each Lender hereunder or under the notes payable by the applicable Borrowers to such Lender, and (iv) the amount of any sum received by the Agent from the applicable Borrowers or any other Obligor and each Lender’s ratable share thereof. The Each Register shall be available for inspection by the applicable Borrowers or any applicable Lender (with respect to its own interest only) at the respective offices of the Agent at any reasonable time and from time to time upon reasonable prior notice. Any failure of the Agent to record in the applicable Register, or any error in doing so, shall not limit or otherwise affect the obligation of the applicable Borrowers hereunder (or under any Loan Document) to pay any amount owing with respect to the Loans or provide the basis for any claim against the Agent. The Obligations and Letters of Credit are registered obligations and the right, title and interest of any Lender and their assignees in and to such Obligations and Letters of Credit as the case may be, shall be transferable only upon notation of such transfer in the applicable Register. Solely for purposes of this Section 13.21 and for Tax purposes only, the Agent shall be the applicable Borrowers’ agent for purposes of maintaining the applicable Register (but the Agent shall have no liability whatsoever to any applicable Borrower or any other Person on account of any inaccuracies contained in the applicable Register). This Section 13.21 shall be construed so that the Obligations and Letters of Credit are at all times maintained in “registered form” within the meaning of Sections 163(f), 871(h)(2) and 881(c)(2) of the Code and any related regulations (and any other relevant or successor provisions of the Code or such regulations).
(b) In the event that any Lender sells participations in any Loan, Commitment or other interest of such Lender hereunder or under any other Loan Document, such Lender shall maintain a register on which it enters the name of all participants in the Obligations held by it and the principal amount (and stated interest thereon) of the portion of the Obligations which is the subject of the participation (the “Participant Register”). An Obligation may be participated in whole or in part only by registration of such participation on the Participant Register (and each note shall expressly so provide). Any participation of such Obligations may be effected only by the registration of such participation on the Participant Register. The Participant Register shall be available for inspection by the Borrowers at any reasonable time and from time to time upon reasonable prior notice.
(ii) The Administrative Agent shall record in the Register the Commitment and the Loans of each Lender, and each repayment or prepayment of the principal amount of such Loans. Any such recordation shall be conclusive and binding on the Borrower and each Lender, absent manifest error; provided that failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s Commitment or the Obligations in respect of any applicable Loan.
(iii) Each Lender shall record on its internal records (or, at such Lender’s option, on the Note held by such Lender) the amount of each Loan made by it and each payment thereof. Any such recordation shall be conclusive and binding on the Borrower, absent manifest error; provided that failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s Commitment or the Obligations in respect of any applicable Loan; and provided, further, that in the event of any inconsistency between the Register and any Lender’s records, the recordations in the Register shall govern (absent manifest error therein).
(iv) The Borrower, the Administrative Agent and the Lenders shall deem and treat the Persons listed as Lenders in the Register as the holders and owners of the corresponding Commitments and Loans listed therein for all purposes hereof, and no assignment or transfer of any such Commitment or Loan shall be effective, in each case unless and until an Assignment Agreement effecting the assignment or transfer thereof shall have been accepted by the Administrative Agent and recorded in the Register as provided in Section 8.1C. Prior to such recordation, all amounts owed with respect to the applicable Commitment or Loan shall be owed to the Lender listed in the Register as the owner thereof, and any request, authority or consent of any Person who, at the time of making such request or giving such authority or consent, is listed in the Register as a Lender shall be conclusive and binding on any subsequent holder, assignee or transferee of the corresponding Commitments or Loans.
Appears in 1 contract
Samples: Credit Agreement (United Rentals North America Inc)
The Register. (i) The Administrative Agent shall, acting solely for this purpose as a non-fiduciary agent of the Borrower, shall maintain at the Funding and Payment Office a register for the recordation of the names and addresses of the Lenders and the principal amount and stated interest of the Loans and the Commitment of each Lender from time to time (the “Register”), which shall include a master account and a subsidiary account for each Lender and each Borrower Group and in which accounts (taken together) shall be recorded (i) the date and amount of each Borrowing made hereunder, the Type of each Loan comprising such Borrowing and any Interest Period applicable thereto, (ii) the effective date and amount of each Assignment and Acceptance delivered to and accepted by it and the parties thereto, (iii) the amount of any principal or interest due and payable or to become due and payable from Borrowers within each Borrower Group to each Lender hereunder or under the Notes, and (iv) the amount of any sum received by an Agent from Borrowers within each Borrower Group or any other Obligor and each Lender’s Pro Rata share thereof. The Register shall be available for inspection by the Borrower Borrowers or any Lender at the offices of Administrative Agent at any reasonable time and from time to time upon reasonable prior notice.
(ii) The . Any failure of Administrative Agent shall to record in the Register the Commitment and the Loans of each Lender, and each repayment or prepayment of the principal amount of such Loans. Any such recordation shall be conclusive and binding on the Borrower and each Lender, absent manifest error; provided that failure to make any such recordationRegister, or any error in such recordationdoing so, shall not limit or otherwise affect the obligation of Borrowers hereunder (or under any Lender’s Commitment or the Obligations in respect of Note) to pay any applicable Loan.
(iii) Each Lender shall record on its internal records (or, at such Lender’s option, on the Note held by such Lender) the amount of each Loan made by it and each payment thereof. Any such recordation shall be conclusive and binding on the Borrower, absent manifest error; provided that failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s Commitment or the Obligations in respect of any applicable Loan; and provided, further, that in the event of any inconsistency between the Register and any Lender’s records, the recordations in the Register shall govern (absent manifest error therein).
(iv) The Borrower, the Administrative Agent and the Lenders shall deem and treat the Persons listed as Lenders in the Register as the holders and owners of the corresponding Commitments and Loans listed therein for all purposes hereof, and no assignment or transfer of any such Commitment or Loan shall be effective, in each case unless and until an Assignment Agreement effecting the assignment or transfer thereof shall have been accepted by the Administrative Agent and recorded in the Register as provided in Section 8.1C. Prior to such recordation, all amounts owed owing with respect to the applicable Commitment Obligations or Loan provide the basis for any claim against Administrative Agent. The Obligations and Letters of Credit are registered obligations and the right, title and interest of Lenders and their assignees in and to such Obligations and Letters of Credit as the case may be, shall be owed to the Lender listed transferable only upon notation of such transfer in the Register as and in accordance with this Agreement. Solely for purposes of this Section 5.9.3 and for tax purposes only, Administrative Agent shall be Borrowers’ agent for purposes of maintaining the owner thereofRegister (but Administrative Agent shall have no liability whatsoever to any Borrower or any other Person on account of any inaccuracies contained in the Register). This Section 5.9.3 shall be construed so that the Obligations and Letters of Credit are at all times maintained in “registered form” within the meaning of Sections 163(f), 871(h)(2) and 881(c)(2) of the Internal Revenue Code and any request, authority related regulations (and any other relevant or consent of any Person who, at the time of making such request or giving such authority or consent, is listed in the Register as a Lender shall be conclusive and binding on any subsequent holder, assignee or transferee successor provisions of the corresponding Commitments Internal Revenue Code or Loanssuch regulations or other relevant provisions of Applicable Law).
Appears in 1 contract
Samples: Loan Agreement (Superior Essex Inc)
The Register. (i) The Administrative Agent shallAgent, acting for these purposes solely for this purpose as a non-fiduciary an agent of the BorrowerCompany (it being acknowledged that Administrative Agent, in such capacity, and its officers, directors, employees, agent and affiliates shall constitute Indemnitees under subsection 10.3), shall maintain (and make available for inspection by Company and Lenders upon reasonable prior notice at the Funding and Payment Office reasonable times) at its address referred to in subsection 10.8 a register for the recordation of of, and shall record, the names and addresses of the Lenders and the principal amount and stated interest of the Term Loan Commitment, Revolving Loan Commitment, Swing Line Loan Commitment, Term Loan, Revolving Loans and the Commitment Swing Line Loans of each Lender from time to time (the “Register”). The Register shall be available for inspection by the Borrower or any Lender at any reasonable time and from time to time upon reasonable prior notice.
(ii) The Company, Administrative Agent shall record in the Register the Commitment and the Loans of each Lender, and each repayment or prepayment of the principal amount of such Loans. Any such recordation shall be conclusive and binding on the Borrower and each LenderLenders shall, absent manifest error; provided that failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s Commitment or the Obligations in respect of any applicable Loan.
(iii) Each Lender shall record on its internal records (or, at such Lender’s option, on the Note held by such Lender) the amount of each Loan made by it and each payment thereof. Any such recordation shall be conclusive and binding on the Borrower, absent manifest error; provided that failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s Commitment or the Obligations in respect of any applicable Loan; and provided, further, that in the event of any inconsistency between the Register and any Lender’s records, the recordations in the Register shall govern (absent manifest error therein).
(iv) The Borrower, the Administrative Agent and the Lenders shall deem and treat the Persons listed as Lenders in the Register as the holders and owners of the corresponding Commitments and Loans listed therein for all purposes hereof, and no assignment or transfer of any such Commitment or Loan shall be effective, in each case unless and until an Assignment Agreement effecting the assignment or transfer thereof shall have been accepted by the Administrative Agent and recorded in the Register as provided in Section 8.1C. Prior to such recordation, ; all amounts owed with respect to the applicable any Commitment or Loan shall be owed to the Lender listed in the Register as the owner thereof, ; and any request, authority or consent of any Person who, at the time of making such request or giving such authority or consent, is listed in the Register as a Lender shall be conclusive and binding on any subsequent holder, assignee or transferee of the corresponding Commitments or Loans. Each Lender shall record on its internal records the amount of its Loans and Commitments and each payment in respect hereof, and any such recordation shall be conclusive and binding on Company, absent manifest error, subject to the entries in the Register, which shall, absent manifest error, govern in the event of any inconsistency with any Lender’s records. Failure to make any recordation in the Register or in any Lender’s records, or any error in such recordation, shall not affect any Loans or Commitments or any Obligations in respect of any Loans.
Appears in 1 contract
Samples: Credit Agreement (FTD Inc)
The Register. (i) The Administrative Agent shall, acting solely for this purpose as a non-fiduciary agent of the Borrower, shall maintain at the Funding its address referred to in Section 13.08 a copy of each Assignment and Payment Office Acceptance delivered to and accepted by it and a register (the "Register") for the recordation of the names and addresses of the Lenders and the Commitment under each Loan of, and principal amount and stated interest of the Loans and the Commitment of under each facility owing to, each Lender from time to time and whether such Lender is an original Lender or the assignee of another Lender pursuant to an Assignment and Acceptance. The Register shall include a control account, and a subsidiary account for each Lender, in which accounts (taken together) shall be recorded (i) the “Register”)date and amount of each Borrowing made hereunder, (ii) the effective date and amount of each Assignment and Acceptance delivered to and accepted by it and the parties thereto, (iii) the amount of any principal or interest due and payable or to become due and payable from the Borrowers to each Lender hereunder or under the Notes, and (iv) the amount of any sum received by the Administrative Agent from the Borrowers and each Lender's share thereof. The Administrative Agent shall deliver a statement of such account to the Borrowers whenever an Assignment and Acceptance is accepted by it and the parties hereto; provided, however, the Administrative Agent shall not be obligated to deliver such statement more frequently than once a month. Each such statement shall be deemed final, binding and conclusive upon the Borrowers in all respects as to all matters reflected therein (absent manifest error) unless the Borrowers, within thirty (30) days after the date such statement is delivered to the Borrowers, deliver to the Administrative Agent written notice of any objections which the Borrowers may have to any such statement. In that event, only those items expressly objected to in such notice shall be deemed to be disputed by the Borrowers. The entries in the Register shall be conclusive and binding for all purposes, absent manifest error, and the Borrowers, the Administrative Agent and the Lenders may treat each Person whose name is recorded in the Register as a Lender hereunder for all purposes hereof. The Register shall be available for inspection by the Borrower Borrowers or any Lender at any reasonable time and from time to time upon reasonable prior notice.
(ii) The Administrative Agent shall record in the Register the Commitment and the Loans of each Lender, and each repayment or prepayment of the principal amount of such Loans. Any such recordation shall be conclusive and binding on the Borrower and each Lender, absent manifest error; provided that failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s Commitment or the Obligations in respect of any applicable Loan.
(iii) Each Lender shall record on its internal records (or, at such Lender’s option, on the Note held by such Lender) the amount of each Loan made by it and each payment thereof. Any such recordation shall be conclusive and binding on the Borrower, absent manifest error; provided that failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s Commitment or the Obligations in respect of any applicable Loan; and provided, further, that in the event of any inconsistency between the Register and any Lender’s records, the recordations in the Register shall govern (absent manifest error therein).
(iv) The Borrower, the Administrative Agent and the Lenders shall deem and treat the Persons listed as Lenders in the Register as the holders and owners of the corresponding Commitments and Loans listed therein for all purposes hereof, and no assignment or transfer of any such Commitment or Loan shall be effective, in each case unless and until an Assignment Agreement effecting the assignment or transfer thereof shall have been accepted by the Administrative Agent and recorded in the Register as provided in Section 8.1C. Prior to such recordation, all amounts owed with respect to the applicable Commitment or Loan shall be owed to the Lender listed in the Register as the owner thereof, and any request, authority or consent of any Person who, at the time of making such request or giving such authority or consent, is listed in the Register as a Lender shall be conclusive and binding on any subsequent holder, assignee or transferee of the corresponding Commitments or Loans.
Appears in 1 contract
The Register. (i) The Administrative Agent shall, acting solely for this purpose as a non-fiduciary agent on behalf of the Borrower, maintain at the its Funding and Payment Office a register for the recordation of the names and addresses of the Lenders and the principal amount Commitment and stated interest of the Loans and the Commitment of each Lender from time to time (the “Register”"REGISTER"). The Register shall be available for inspection by the Borrower or any Lender at any reasonable time and from time to time upon reasonable prior notice.
(ii) The Administrative Agent shall record in the Register the Commitment and the Loans of each Lender, and each repayment or prepayment in respect of the principal amount of such Loans. Any such recordation shall be conclusive and binding on the Borrower and each Lender, absent manifest error; provided that failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s 's Commitment or the Obligations in respect of any applicable LoanLoans.
(iii) Each Lender shall record on its internal records (or, at such Lender’s option, on including the Note held by such Lender) the amount of each Loan made by it and each payment in respect thereof. Any such recordation shall be conclusive and binding on the Borrower, absent manifest error; provided that failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s 's Commitment or the Obligations in respect of any applicable LoanLoans; and provided, further, that in the event of any inconsistency between the Register and any Lender’s 's records, the recordations in the Register shall govern (absent manifest error therein)govern.
(iv) The Borrower, the Administrative Agent and the Lenders shall deem and treat the Persons listed as Lenders in the Register as the holders and owners of the corresponding Commitments and Loans listed therein for all purposes hereof, and no assignment or transfer of any such Commitment or Loan shall be effective, in each case unless and until an Assignment Agreement effecting the assignment or transfer thereof shall have been accepted by the Administrative Agent and recorded in the Register as provided in Section 8.1C. Prior to such recordation, all amounts owed with respect to the applicable Commitment or Loan shall be owed to the Lender listed in the Register as the owner thereof, and any request, authority or consent of any Person who, at the time of making such request or giving such authority or consent, is listed in the Register as a Lender shall be conclusive and binding on any subsequent holder, assignee or transferee of the corresponding Commitments or Loans.
Appears in 1 contract
Samples: Credit Agreement (Assurant Inc)
The Register. (i) The Administrative Agent shallshall maintain, acting solely for this purpose as a non-fiduciary agent of the Borrowerat its address referred to in subsection 10.8, maintain at the Funding and Payment Office a register for the recordation of the names and addresses of the Lenders and the principal amount Commitments and stated interest of the Loans and the Commitment of each Lender from time to time (the “Register”"REGISTER"). The Register shall be available for inspection by the Borrower Company or any Lender at any reasonable time and from time to time upon reasonable prior notice.
(ii) The Administrative Agent shall record in the Register the Term Loan Commitment and the Loans Term Loan of each Term Lender, the Revolving Loan Commitment and the Revolving Loans from time to time of each Revolving Lender, the Swing Line Loan Commitment and the Swing Line Loans from time to time of Swing Line Lender, and each repayment or prepayment in respect of the principal amount of such Loansthe Term Loan of each Term Lender, the Revolving Loans of each Revolving Lender or the Swing Line Loans of Swing Line Lender. Any such recordation shall be conclusive and binding on the Borrower Company and each Lender, absent manifest error; provided PROVIDED that failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s Commitment 's Commitments or the Company's Obligations in respect of any applicable LoanLoans.
(iii) Each Lender shall record on its internal records (or, at such Lender’s option, on the Note including any Notes held by such Lender) the amount of the Term Loan and each Revolving Loan made by it and each payment in respect thereof. Any such recordation shall be conclusive and binding on the BorrowerCompany, absent manifest error; provided PROVIDED that failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s Commitment 's Commitments or the Company's Obligations in respect of any applicable LoanLoans; and providedPROVIDED, further, FURTHER that in the event of any inconsistency between the Register and any Lender’s 's records, the recordations in the Register shall govern (absent manifest error therein)govern.
(iv) The BorrowerCompany, the Administrative Agent and the Lenders shall deem and treat the Persons listed as Lenders in the Register as the holders and owners of the corresponding Commitments and Loans listed therein for all purposes hereof, and no assignment or transfer of any such Commitment or Loan shall be effective, in each case unless and until an Assignment Agreement effecting the assignment or transfer thereof shall have been accepted by the Administrative Agent and recorded in the Register as provided in Section 8.1C. subsection 10.1B(ii). Prior to such recordation, all amounts owed with respect to the applicable Commitment or Loan shall be owed to the Lender listed in the Register as the owner thereof, and any request, authority or consent of any Person who, at the time of making such request or giving such authority or consent, is listed in the Register as a Lender shall be conclusive and binding on any subsequent holder, assignee or transferee of the corresponding Commitments or Loans.
(v) Company hereby designates BTCo to serve as Company's agent solely for purposes of maintaining the Register as provided in this subsection 2.1D, and Company hereby agrees that, to the extent BTCo serves in such capacity, BTCo and its officers, directors, employees, agents and affiliates shall constitute Indemnitees for all purposes under subsection 10.3.
Appears in 1 contract
The Register. (i) The Administrative Agent shallshall maintain, acting solely for this purpose as a non-fiduciary agent of the Borrowerat its address referred to in subsection 10.8, maintain at the Funding and Payment Office a register for the recordation of the names and addresses of the Lenders and the principal amount Commitments and stated interest of the Loans and the Commitment of each Lender from time to time (the “Register”). The Register shall be available for inspection by the Borrower or any Lender at any reasonable time and from time to time upon reasonable prior notice.
(ii) The Administrative Agent shall record in the Register the Term Loan Commitment and Revolving Loan Commitment and the Term Loans and Revolving Loans from time to time of each Lender, and each repayment or prepayment in respect of the principal amount of such Loansthe Term Loan or Revolving Loans of each Lender. Any such recordation shall be conclusive and binding on the Borrower and each Lender, absent manifest error; provided that failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s Commitment Commitments or the Borrower’s Obligations in respect of any applicable LoanLoans.
(iii) Each Lender shall may record on its internal records (or, at such Lender’s option, on including the Note Notes held by such Lender) the amount of the Term Loans and each Revolving Loan made by it and each payment in respect thereof. Any such recordation shall be conclusive and binding on the Borrower, absent manifest error; provided that failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s Commitment Commitments or the Borrower’s Obligations in respect of any applicable LoanLoans; 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 (absent manifest error thereinerror).
(iv) The Borrower, the Administrative Agent and the Lenders shall deem and treat the Persons listed as Lenders in the Register as the holders and owners of the corresponding Commitments and Loans listed therein for all purposes hereof, and no assignment or transfer of any such Commitment or Loan shall be effective, in each case unless and until an Assignment Agreement effecting the assignment or transfer thereof shall have been accepted by the Administrative Agent and recorded in the Register as provided in Section 8.1C. subsection 10.1B(ii). Prior to such recordation, all amounts owed with respect to the applicable Commitment or Loan shall be owed to the Lender listed in the Register as the owner thereof, and any request, authority or consent of any Person who, at the time of making such request or giving such authority or consent, is listed in the Register as a Lender shall be conclusive and binding on any subsequent holder, assignee or transferee of the corresponding Commitments or Loans.
(v) Borrower hereby designates CIBC to serve as Borrower’s agent solely for purposes of maintaining the Register as provided in this subsection 2.1D, and Borrower hereby agrees that, to the extent CIBC serves in such capacity, CIBC and its officers, directors, employees, agents and Affiliates shall constitute Indemnitees for all purposes under subsection 10.3.
Appears in 1 contract
The Register. (i) The Administrative Agent shallAgent, acting for these purposes solely for this purpose as a non-fiduciary an agent of the BorrowerBorrower (it being acknowledged that the Administrative Agent, in such capacity, and its officers, directors, employees, agent and affiliates shall constitute Indemnitees under subsection 10.3), shall maintain (and make available for inspection by the Borrower and by each Lender, but only as to information regarding the Loans made by such Lender, upon reasonable prior notice at the Funding and Payment Office reasonable times) at its address referred to in Schedule 10.8 a register for the recordation of of, and shall record, the names and addresses of the Lenders and the respective amounts of the Revolving Loan Commitment, Swing Line Loan Commitment, Revolving Loans, Swing Line Loans and Term Loans of each Lender (including principal amount and stated interest of the Loans and the Commitment of each Lender therein) from time to time (the “Register”). The Register shall be available for inspection by the Borrower or any Lender at any reasonable time and from time to time upon reasonable prior notice.
(ii) The Administrative Agent shall record in the Register the Commitment and the Loans of each Lender, and each repayment or prepayment of the principal amount of such Loans. Any such recordation shall be conclusive and binding on the Borrower and each Lender, absent manifest error; provided that failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s Commitment or the Obligations in respect of any applicable Loan.
(iii) Each Lender shall record on its internal records (or, at such Lender’s option, on the Note held by such Lender) the amount of each Loan made by it and each payment thereof. Any such recordation shall be conclusive and binding on the Borrower, absent manifest error; provided that failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s Commitment or the Obligations in respect of any applicable Loan; and provided, further, that in the event of any inconsistency between the Register and any Lender’s records, the recordations in the Register shall govern (absent manifest error therein).
(iv) The Borrower, the Administrative Agent and the Lenders shall deem and treat the Persons listed as Lenders in the Register as the holders and owners of the corresponding Commitments and Loans listed therein for all purposes hereof, and no assignment or transfer of any such Commitment or Loan shall be effective, in each case unless and until an Assignment Agreement effecting the assignment or transfer thereof shall have been accepted by the Administrative Agent and recorded in the Register as provided in Section 8.1C. Prior to such recordation, ; all amounts owed with respect to the applicable any Commitment or Loan Loan, absent manifest error, shall be owed to the Lender listed in the Register as the owner thereof, ; and any request, authority or consent of any Person who, at the time of making such request or giving such authority or consent, is listed in the Register as a Lender shall be conclusive and binding on any subsequent holder, assignee or transferee of the corresponding Commitments or Loans. Each Lender shall record on its internal records the amount of its Loans and Commitments and each payment in respect hereof, and any such recordation shall be conclusive and binding on the Borrower, absent manifest error, subject to the entries in the Register, which shall, absent manifest error, govern in the event of any inconsistency with any Lender’s records. Failure to make any recordation in the Register or in any Lender’s records, or any error in such recordation, shall not affect any Loans or Commitments or any Obligations in respect of any Loans.
Appears in 1 contract
Samples: Credit Agreement (Mosaic Co)
The Register. (i) The Chase Co-Administrative Agent shallshall maintain, acting solely for this purpose as a non-fiduciary agent of the Borrower, maintain at the Funding and Payment Office address referred to in subsection 10.8, a register for the recordation of the names and addresses of the Lenders and the principal amount Commitments and stated interest of the Loans and the Commitment of each Lender from time to time (the “"Register”"). The Register shall be available for inspection by the Borrower Company or any Lender at any reasonable time and from time to time upon reasonable prior notice.
(ii) The Chase Co-Administrative Agent shall record in the Register the Commitment Commitments and the outstanding Loans from time to time of each Lender, Lender and each repayment or prepayment in respect of the principal amount of such Loansthe outstanding Loans of each Lender. Any such recordation shall be conclusive and binding on the Borrower Company and each Lender, absent manifest error; provided that failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s Commitment or the Company's Obligations in respect of any the applicable LoanLoans.
(iii) Each Lender shall record on its internal records (orincluding, at such Lender’s optionwithout limitation, on the Note Notes held by such Lender) the amount of each Loan made by it and each payment in respect thereof. Any such recordation shall be conclusive and binding on prima facie evidence of the Borrower, absent manifest erroramount of such Loans; provided that failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s Commitment or the Company's Obligations in respect of any the applicable LoanLoans; and provided, further, further that in the event of any inconsistency between the Register and any Lender’s 's records, the recordations in the Register shall govern (absent manifest error therein)govern.
(iv) The BorrowerCompany, the Administrative Agent Agents and the Lenders shall deem and treat the Persons listed as Lenders in the Register as the holders and owners of the corresponding Commitments and Loans listed therein for all purposes hereof, and no assignment or transfer of any such Commitment or Loan shall be effective, in each case unless and an until an Assignment Agreement effecting the assignment or transfer thereof shall have been accepted by the Chase Co-Administrative Agent and recorded in the Register as provided in Section 8.1C. subsection 10.1B(ii). Prior to such recordation, all amounts owed with respect to the applicable Commitment or Loan shall be owed to the Lender listed in the Register as the owner thereof, and any request, authority or consent of any Person who, at the time of making such request or giving such authority or consent, is listed in the Register as a Lender shall be conclusive and binding on any subsequent holder, assignee or transferee of the corresponding Commitments or Loans.
(v) Company hereby designates Chase, and any financial institution serving as a successor Chase Co-Administrative Agent, to serve as Company's agent solely for purposes of maintaining the Register as provided in this subsection 2.1D, and Company hereby agrees that, to the extent Chase serves in such capacity, Chase and its officers, directors, employees, agents and affiliates shall constitute Indemnitees for all purposes under subsection 10.3.
Appears in 1 contract
The Register. (i) The Administrative Agent shallshall maintain, acting solely for this purpose as a non-fiduciary agent of the Borrowerat its address referred to in subsection 10.8, maintain at the Funding and Payment Office a register for the recordation of the names and addresses of the Lenders and the principal amount Commitments and stated interest of the Loans and the Commitment of each Lender from time to time (the “"Register”"). The Register shall be available for inspection by the Borrower Company or any Lender at any reasonable time and from time to time upon reasonable prior notice.
(ii) The Administrative Agent shall record in the Register the Tranche A Term Loan Commitment, Tranche B Term Loan Commitment and Revolving Loan Commitment and the Tranche A Term Loan, Tranche B Term Loan and Revolving Loans from time to time of each Lender, the Swing Line Loan Commitment and the Swing Line Loans from time to time of Swing Line Lender, and each repayment or prepayment in respect of the principal amount of such Loansthe Tranche A Term Loan, Tranche B Term Loan or Revolving Loans of each Lender or the Swing Line Loans of Swing Line Lender. Any such recordation shall be conclusive and binding on the Borrower Company and each Lender, absent manifest error; provided that failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s Commitment 's Commitments or the Company's Obligations in respect of any applicable LoanLoans.
(iii) Each Lender shall record on its internal records (orincluding, at such Lender’s optionwithout limitation, on the Note Notes held by such Lender) the amount of the Tranche A Term Loan, Tranche B Term Loan and each Revolving Loan made by it and each payment in respect thereof. Any such recordation shall be conclusive and binding on the BorrowerCompany, absent manifest error; provided that failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s Commitment 's Commitments or the Company's Obligations in respect of any applicable LoanLoans; and provided, further, further that in the event of any inconsistency between the Register and any Lender’s 's records, the recordations in the Register shall govern (absent manifest error therein)govern.
(iv) The BorrowerCompany, the Administrative Agent and the Lenders shall deem and treat the Persons listed as Lenders in the Register as the holders and owners of the corresponding Commitments and Loans listed therein for all purposes hereof, and no assignment or transfer of any such Commitment or Loan shall be effective, in each case unless and until an Assignment Agreement effecting the assignment or transfer thereof shall have been accepted by the Administrative Agent and recorded in the Register as provided in Section 8.1C. subsection 10.1B(ii). Prior to such recordation, all amounts owed with respect to the applicable Commitment or Loan shall be owed to the Lender listed in the Register as the owner thereof, and any request, authority or consent of any Person who, at the time of making such request or giving such authority or consent, is listed in the Register as a Lender shall be conclusive and binding on any subsequent holder, assignee or transferee of the corresponding Commitments or Loans.
(v) Company hereby designates Administrative Agent to serve as Company's agent solely for purposes of maintaining the Register as provided in this subsection 2.1D, and Company hereby agrees that, to the extent Administrative Agent serves in such capacity, Administrative Agent and its officers, directors, employees, agents and affiliates shall constitute Indemnitees for all purposes under subsection 10.3.
Appears in 1 contract
Samples: Credit Agreement (Penton Media Inc)
The Register. (i) The Administrative Agent shallshall maintain, acting solely for this purpose as a non-fiduciary agent of the Borrowerat its address referred to in subsection 10.8, maintain at the Funding and Payment Office a register for the recordation of the names and addresses of the Lenders and the principal amount Commitments and stated interest of the Loans and the Commitment of each Lender from time to time (the “"Register”"). The Register shall be available for inspection by the Borrower or any Lender at any reasonable time and from time to time upon reasonable prior notice.
(ii) The Administrative Agent shall record in the Register the Commitment Commitments and the Loans from time to time of each Lender, and each repayment or prepayment in respect of the principal amount of such Loansthe Loans of each Lender. Any such recordation shall be conclusive and binding on the Borrower and each Lender, absent manifest demonstrable error; provided PROVIDED that failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s Commitment 's Commitment, or the Borrower's Obligations in respect of any applicable LoanLoans.
(iii) Each Lender shall record on its internal records (or, at such Lender’s option, on including the Note Notes held by such Lender) the amount of each Loan made by it and each payment in respect thereof. Any such recordation shall be conclusive and binding on the Borrower, absent manifest demonstrable error; provided PROVIDED that failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s Commitment 's Commitment, or the Borrower's Obligations in respect of any applicable LoanLoans; and providedPROVIDED, further, FURTHER that in the event of any inconsistency between the Register and any Lender’s 's records, the recordations in the Register shall govern (absent manifest error therein)govern.
(iv) The Borrower, the Administrative Agent and the Lenders shall deem and treat the Persons listed as Lenders in the Register as the holders and owners of the corresponding Commitments and Loans listed therein for all purposes hereof, and no assignment or transfer of any such Commitment or Loan shall be effective, in each case unless and until an Assignment Agreement effecting the assignment or transfer thereof shall have been accepted by the Administrative Agent and recorded in the Register as provided in Section 8.1C. subsection 10.1B(ii). Prior to such recordation, all amounts owed with respect to the applicable Commitment or Loan shall be owed to the Lender listed in the Register as the owner thereof, and any request, authority or consent of any Person who, at the time of making such request or giving such authority or consent, is listed in the Register as a Lender shall be conclusive and binding on any subsequent holder, assignee or transferee of the corresponding Commitments or Loans.
(v) Borrower hereby designates Administrative Agent to serve as Borrower's agent solely for purposes of maintaining the Register as provided in this subsection 2.1D, and Borrower hereby agrees that, to the extent Administrative Agent serves in such capacity, Administrative Agent and its officers, directors, employees, agents and affiliates shall constitute Indemnitees for all purposes under subsection 10.3.
Appears in 1 contract
Samples: Credit and Guaranty Agreement (Prime Succession Inc)
The Register. (i) The Administrative Agent shallAgent, acting for these purposes solely for this purpose as a non-fiduciary an agent of the BorrowerBorrower (it being acknowledged that Agent, in such capacity, and its officers, directors, employees, agent and affiliates shall constitute Indemnitees under subsection 10.3), shall maintain (and make available for inspection by Borrower and Lenders upon reasonable prior notice at the Funding and Payment Office reasonable times) at its address referred to in subsection 10.8 a register for the recordation of of, and shall record, the names and addresses of the Lenders and the principal amount Tranche B Term Loan Commitment, Tranche B Term Loans, Revolving Loan Commitment and stated interest of the Revolving Loans and the Commitment of each Lender from time to time (the “"Register”"). The Register shall be available for inspection by the Borrower or any Lender at any reasonable time and from time to time upon reasonable prior notice.
(ii) The Administrative Agent shall record in the Register the Commitment and the Loans of each Lender, and each repayment or prepayment of the principal amount of such Loans. Any such recordation shall be conclusive and binding on the Borrower and each Lender, absent manifest error; provided that failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s Commitment or the Obligations in respect of any applicable Loan.
(iii) Each Lender shall record on its internal records (or, at such Lender’s option, on the Note held by such Lender) the amount of each Loan made by it and each payment thereof. Any such recordation shall be conclusive and binding on the Borrower, absent manifest error; provided that failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s Commitment or the Obligations in respect of any applicable Loan; and provided, further, that in the event of any inconsistency between the Register and any Lender’s records, the recordations in the Register shall govern (absent manifest error therein).
(iv) The Borrower, the Administrative Agent and the Lenders shall deem and treat the Persons listed as Lenders in the Register as the holders and owners of the corresponding Commitments and Loans listed therein for all purposes hereof, and no assignment or transfer of any such Commitment or Loan shall be effective, in each case unless and until an Assignment Agreement effecting the assignment or transfer thereof shall have been accepted by the Administrative Agent and recorded in the Register as provided in Section 8.1C. Prior to such recordation, ; all amounts owed with respect to the applicable any Commitment or Loan shall be owed to the Lender listed in the Register as the owner thereof, ; and any request, authority or consent of any Person who, at the time of making such request or giving such authority or consent, is listed in the Register as a Lender shall be conclusive and binding on any subsequent holder, assignee or transferee of the corresponding Commitments or Loans. Each Lender shall record on its internal records the amount of its Loans and Commitments and each payment in respect hereof, and any such recordation shall be conclusive and binding on Borrower, absent manifest error, subject to the entries in the Register, which shall, absent manifest error, govern in the event of any inconsistency with any Lender's records. Failure to make any recordation in the Register or in any Lender's records, or any error in such recordation, shall not affect any Loans or Commitments or any Obligations in respect of any Loans.
Appears in 1 contract
Samples: Credit Agreement (Joy Global Inc)
The Register. (i) The Administrative Agent shallshall maintain, acting solely for this purpose as a non-fiduciary agent of the Borrowerat its address referred to in subsection 9.8, maintain at the Funding and Payment Office a register for the recordation of the names and addresses of the Lenders and the principal amount Revolving Loan Commitment and stated interest of the Loans and the Commitment of each Lender from time to time (the “Register”"REGISTER"). The Register shall be available for inspection by the Borrower Company or any Lender at any reasonable time and from time to time upon reasonable prior notice.
(ii) The Administrative Agent shall record in the Register the Revolving Loan Commitment and the Tranche A Term Loans, Tranche B Term Loans and Revolving Loans from time to time of each Lender, and each repayment or prepayment in respect of the principal amount of such the Tranche A Term Loans, Tranche B Term Loans or Revolving Loans of each Lender. Any such recordation shall be conclusive and binding on the Borrower Company and each Lender, absent manifest error; provided that failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s 's Revolving Loan Commitment or the Company's Obligations in respect of any applicable LoanLoans.
(iii) Each Lender shall record on its internal records (or, at such Lender’s option, on including the Note Notes held by such Lender) the amount of the Tranche A Term Loans, Tranche B Term Loans and each Revolving Loan made by it and each payment in respect thereof. Any such recordation shall be conclusive and binding on the BorrowerCompany, absent manifest error; provided that failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s 's Revolving Loan Commitment or the Company's Obligations in respect of any applicable LoanLoans; and provided, further, further that in the event of any inconsistency between the Register and any Lender’s 's records, the recordations in the Register shall govern (absent manifest error therein)govern.
(iv) The BorrowerCompany, the Administrative Agent and the Lenders shall deem and treat the Persons listed as Lenders in the Register as the holders and owners of the corresponding Revolving Loan Commitments and Loans listed therein for all purposes hereof, and no assignment or transfer of any such Revolving Loan Commitment or Loan shall be effective, in each case unless and until an Assignment Agreement effecting the assignment or transfer thereof shall have been accepted by the Administrative Agent and recorded in the Register as provided in Section 8.1C. subsection 9.1B(ii). Prior to such recordation, all amounts owed with respect to the applicable Revolving Loan Commitment or Loan shall be owed to the Lender listed in the Register as the owner thereof, and any request, authority or consent of any Person who, at the time of making such request or giving such authority or consent, is listed in the Register as a Lender shall be conclusive and binding on any subsequent holder, assignee or transferee of the corresponding Revolving Loan Commitments or Loans.
(v) Company hereby designates BTCo to serve as Company's agent solely for purposes of maintaining the Register as provided in this subsection 2.1D, and Company hereby agrees that, to the extent BTCo serves in such capacity, BTCo and its officers, directors, employees, agents and affiliates shall constitute Indemnitees for all purposes under subsection 9.3.
Appears in 1 contract
The Register. (i) The Administrative Agent shallAgent, acting for these purposes solely for this purpose as a non-fiduciary an agent of the BorrowerBorrower (it being acknowledged that Administrative Agent, in such capacity, and its officers, directors, employees, agent and affiliates shall constitute Indemnitees under subsection 10.3), shall maintain (and make available for inspection by Borrower and Lenders upon reasonable prior notice at the Funding and Payment Office reasonable times) at its address referred to in subsection 10.8 a register for the recordation of of, and shall record, the names and addresses of the Lenders and the principal amount and stated interest of the Revolving Loan Commitment, Swing Line Loan Commitment, Revolving Loans and the Commitment Swing Line Loans of each Lender from time to time (the “Register”). The Register shall be available for inspection by the Borrower or any Lender at any reasonable time and from time to time upon reasonable prior notice.
(ii) The Administrative Agent shall record in the Register the Commitment and the Loans of each Lender, and each repayment or prepayment of the principal amount of such Loans. Any such recordation shall be conclusive and binding on the Borrower and each Lender, absent manifest error; provided that failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s Commitment or the Obligations in respect of any applicable Loan.
(iii) Each Lender shall record on its internal records (or, at such Lender’s option, on the Note held by such Lender) the amount of each Loan made by it and each payment thereof. Any such recordation shall be conclusive and binding on the Borrower, absent manifest error; provided that failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s Commitment or the Obligations in respect of any applicable Loan; and provided, further, that in the event of any inconsistency between the Register and any Lender’s records, the recordations in the Register shall govern (absent manifest error therein).
(iv) The Borrower, the Administrative Agent and the Lenders shall deem and treat the Persons listed as Lenders in the Register as the holders and owners of the corresponding Commitments and Loans listed therein for all purposes hereof, and no assignment or transfer of any such Commitment or Loan shall be effective, in each case unless and until an Assignment Agreement effecting the assignment or transfer thereof shall have been accepted by the Administrative Agent and recorded in the Register as provided in Section 8.1C. Prior to such recordation, ; all amounts owed with respect to the applicable any Commitment or Loan shall be owed to the Lender listed in the Register as the owner thereof, ; and any request, authority or consent of any Person who, at the time of making such request or giving such authority or consent, is listed in the Register as a Lender shall be conclusive and binding on any subsequent holder, assignee or transferee of the corresponding Commitments or Loans. Each Lender shall record on its internal records (and make available for inspection by Administrative Agent upon reasonable prior notice) the amount of its Loans and Commitments and each payment in respect hereof, and any such recordation shall be conclusive and binding on Borrower, absent manifest error, subject to the entries in the Register, which shall, absent manifest error, govern in the event of any inconsistency with any Lender’s records. Failure to make any recordation in the Register or in any Lender’s records, or any error in such recordation, shall not affect any Loans or Commitments or any Obligations in respect of any Loans.
Appears in 1 contract
Samples: Credit Agreement (Newmarket Corp)
The Register. (i) The Administrative Agent shallshall maintain, acting solely for this purpose as a non-fiduciary agent of the Borrowerat its address referred to in subsection 10.8, maintain at the Funding and Payment Office a register for the recordation of the names and addresses of the Lenders and the principal amount Commitments and stated interest of the Loans and the Commitment of each Lender from time to time (the “"Register”"). The Register shall be available for inspection by the Borrower Company or any Lender at any reasonable time and from time to time upon reasonable prior notice.
(ii) The Administrative Agent shall record in the Register the Term Loan Commitment, the Term Loans, the Revolving Loan Commitment and the Revolving Loans from time to time of each Lender, the Swing Line Loan Commitment and the Swing Line Loans from time to time of Swing Line Lender, and each repayment or prepayment in respect of the principal amount of such Loansthe Term Loans and the Revolving Loans of each Lender or the Swing Line Loans of Swing Line Lender. Any such recordation shall be conclusive and binding on the Borrower Company and each Lender, absent manifest error; provided that failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s Commitment 's Commitments or the Company's Obligations in respect of any applicable LoanLoans.
(iii) Each Lender shall record on its internal records (or, at such Lender’s option, on including the Note Notes held by such Lender) the amount of the Term Loan and each Revolving Loan made by it and each payment in respect thereof. Any such recordation shall be conclusive and binding on the BorrowerCompany, absent manifest error; provided that that, failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s Commitment 's Commitments or the Company's Obligations in respect of any applicable LoanLoans; and provided, furtherfurther that, that in the event of any inconsistency between the Register and any Lender’s 's records, the recordations in the Register shall govern (and be conclusive and binding on such Lender, absent manifest error therein)error.
(iv) The BorrowerCompany, the Administrative Agent and the Lenders shall deem and treat the Persons listed as Lenders in the Register as the holders and owners of the corresponding Commitments and Loans listed therein for all purposes hereof, and no assignment or transfer of any such Commitment or Loan shall be effective, in each case unless and until an Assignment Agreement effecting the assignment or transfer thereof shall have been accepted by the Administrative Agent and recorded in the Register as provided in Section 8.1C. subsection 10.1B(ii). Prior to such recordation, all amounts owed with respect to the applicable Commitment or Loan shall be owed to the Lender listed in the Register as the owner thereof, and any request, authority or consent of any Person who, at the time of making such request or giving such authority or consent, is listed in the Register as a Lender shall be conclusive and binding on any subsequent holder, assignee or transferee of the corresponding Commitments or Loans.
(v) Company hereby designates Fleet (or such Person who may serve as Successor Administrative Agent) to serve as Company's agent solely for purposes of maintaining the Register as provided in this subsection 2.1D, and Company hereby agrees that, to the extent Fleet (or such Person who may serve as Successor Administrative Agent) serves in such capacity, Fleet and its officers, directors, employees, agents and affiliates shall constitute Indemnitees for all purposes under subsection 10.3.
Appears in 1 contract
Samples: Credit Agreement (Anthony Crane Rental Holdings Lp)
The Register. (i) The Administrative Agent shallshall maintain, acting solely for this purpose as a non-fiduciary agent of the Borrowerat its address referred to in subsection 10.8, maintain at the Funding and Payment Office a register for the recordation of the names and addresses of the Lenders and the principal amount Commitments and stated interest of the Loans and the Commitment of each Lender from time to time (the “Register”"REGISTER"). The Register shall be available for inspection by the Borrower or any Lender at any reasonable time and from time to time upon reasonable prior notice.
(ii) The Administrative Agent shall record in the Register the Tranche A Term Loan Commitment, Tranche B Term Loan Commitment and Revolving Loan Commitment and the Tranche A Term Loans, Tranche B Term Loans and Revolving Loans from time to time of each Lender, and each repayment or prepayment in respect of the principal amount of such Loansthe Term Loan or Revolving Loans of each Lender. Any such recordation shall be conclusive and binding on the Borrower and each Lender, absent manifest error; provided PROVIDED that failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s Commitment 's Commitments or the Borrower's Obligations in respect of any applicable LoanLoans.
(iii) Each Lender shall may record on its internal records (or, at such Lender’s option, on including the Note Notes held by such Lender) the amount of the Tranche A Term Loans, Tranche B Term Loans and each Revolving Loan made by it and each payment in respect thereof. Any such recordation shall be conclusive and binding on the Borrower, absent manifest error; provided PROVIDED that failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s Commitment 's Commitments or the Borrower's Obligations in respect of any applicable LoanLoans; and provided, further, PROVIDED FURTHER that in the event of any inconsistency between the Register and any Lender’s 's records, the recordations in the Register shall govern (absent manifest error thereinerror).
(iv) The Borrower, the Administrative Agent and the Lenders shall deem and treat the Persons listed as Lenders in the Register as the holders and owners of the corresponding Commitments and Loans listed therein for all purposes hereof, and no assignment or transfer of any such Commitment or Loan shall be effective, in each case unless and until an Assignment Agreement effecting the assignment or transfer thereof shall have been accepted by the Administrative Agent and recorded in the Register as provided in Section 8.1C. Prior to such recordation, all amounts owed with respect to the applicable Commitment or Loan shall be owed to the Lender listed in the Register as the owner thereof, and any request, authority or consent of any Person who, at the time of making such request or giving such authority or consent, is listed in the Register as a Lender shall be conclusive and binding on any subsequent holder, assignee or transferee of the corresponding Commitments or Loans.subsection
Appears in 1 contract
The Register. (i) The Administrative Agent shallAgent, acting for these purposes solely for this purpose as a non-fiduciary an agent of the BorrowerBorrower (it being acknowledged that the Administrative Agent, in such capacity, and its officers, directors, employees, agent and affiliates shall constitute Indemnitees under subsection 9.3), shall maintain (and make available for inspection by the Borrower and by each Lender, but only as to information regarding the Loans made by such Lender, upon reasonable prior notice at the Funding and Payment Office reasonable times) at its address referred to in Schedule 9.8 a register for the recordation of of, and shall record, the names and addresses of the Lenders and the principal amount and stated interest respective amounts of the Revolving Loan Commitment, Swing Line Loan Commitment, Revolving Loans and the Commitment Swing Line Loans of each Lender from time to time (the “Register”). The Register shall be available for inspection by the Borrower or any Lender at any reasonable time and from time to time upon reasonable prior notice.
(ii) The Administrative Agent shall record in the Register the Commitment and the Loans of each Lender, and each repayment or prepayment of the principal amount of such Loans. Any such recordation shall be conclusive and binding on the Borrower and each Lender, absent manifest error; provided that failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s Commitment or the Obligations in respect of any applicable Loan.
(iii) Each Lender shall record on its internal records (or, at such Lender’s option, on the Note held by such Lender) the amount of each Loan made by it and each payment thereof. Any such recordation shall be conclusive and binding on the Borrower, absent manifest error; provided that failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s Commitment or the Obligations in respect of any applicable Loan; and provided, further, that in the event of any inconsistency between the Register and any Lender’s records, the recordations in the Register shall govern (absent manifest error therein).
(iv) The Borrower, the Administrative Agent and the Lenders shall deem and treat the Persons listed as Lenders in the Register as the holders and owners of the corresponding Commitments and Loans listed therein for all purposes hereof, and no assignment or transfer of any such Commitment or Loan shall be effective, in each case unless and until an Assignment Agreement effecting the assignment or transfer thereof shall have been accepted by the Administrative Agent and recorded in the Register as provided in Section 8.1C. Prior to such recordation, ; all amounts owed with respect to the applicable any Commitment or Loan shall be owed to the Lender listed in the Register as the owner thereof, ; and any request, authority or consent of any Person who, at the time of making such request or giving such authority or consent, is listed in the Register as a Lender shall be conclusive and binding on any subsequent holder, assignee or transferee of the corresponding Commitments or Loans. Each Lender shall record on its internal records the amount of its Loans and Commitments and each payment in respect hereof, and any such recordation shall be conclusive and binding on the Borrower, absent manifest error, subject to the entries in the Register, which shall, absent manifest error, govern in the event of any inconsistency with any Lender’s records. Failure to make any recordation in the Register or in any Lender’s records, or any error in such recordation, shall not affect any Loans or Commitments or any Obligations in respect of any Loans.
Appears in 1 contract
Samples: Credit Agreement (Unitrin Inc)
The Register. (i) The Administrative Agent shallshall maintain, acting solely for this purpose as a non-fiduciary agent of the Borrowerat its address referred to in subsection 10.8, maintain at the Funding and Payment Office a register for the recordation of the names and addresses of the Lenders and the principal amount Commitments and stated interest of the Loans and the Commitment of each Lender from time to time (the “"Register”"). The Register shall be available for inspection by the Borrower Company or any Lender at any reasonable time and from time to time upon reasonable prior notice.
(ii) The Administrative Agent shall record in the Register the Acquisition Term Loan Commitment, Tranche A Term Loan Commitment, Tranche B Term Loan Commitment and Revolving Loan Commitment and the Acquisition Term Loans, Tranche A Term Loans, Tranche B Term Loans and Revolving Loans from time to time of each Lender, the Swing Line Loan Commitment and the Swing Line Loans from time to time of Swing Line Lender, and each repayment or prepayment in respect of the principal amount of such the Acquisition Term Loans, Tranche A Term Loans, Tranche B Term Loans or Revolving Loans of each Lender or the Swing Line Loans of Swing Line Lender. Any such recordation shall be conclusive and binding on the Borrower Company and each Lender, absent manifest error; provided that failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s Commitment 's Commitments or the Company's Obligations in respect of any applicable LoanLoans.
(iii) Each Lender shall record on its internal records (or, at such Lender’s option, on including the Note Notes held by such Lender) the amount of each any Acquisition Term Loan, Tranche A Term Loan, Tranche B Term Loan and Revolving Loan made by it and each payment in respect thereof. Any such recordation shall be conclusive and binding on the BorrowerCompany, absent manifest error; provided that failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s Commitment 's Commitments or the Company's Obligations in respect of any applicable LoanLoans; and provided, further, further that in the event of any inconsistency between the Register and any Lender’s 's records, the recordations in the Register shall govern (absent manifest error therein)error.
(iv) The BorrowerCompany, the Administrative Agent Agents and the Lenders shall deem and treat the Persons listed as Lenders in the Register as the holders and owners of the corresponding Commitments and Loans listed therein for all purposes hereof, and no assignment or transfer of any such Commitment or Loan shall be effective, in each case unless and until an Assignment Agreement effecting the assignment or transfer thereof shall have been accepted by the Administrative Agent and recorded in the Register as provided in Section 8.1C. subsection 10.1B(ii). Prior to such recordation, all amounts owed with respect to the applicable Commitment or Loan shall be owed to the Lender listed in the Register as the owner thereof, and any request, authority or consent of any Person who, at the time of making such request or giving such authority or consent, is listed in the Register as a Lender shall be conclusive and binding on any subsequent holder, assignee or transferee of the corresponding Commitments or Loans.
(v) Company hereby designates First Union to serve as Company's agent solely for purposes of maintaining the Register as provided in this subsection 2.1D, and Company hereby agrees that, to the extent First Union serves in such capacity, First Union and its officers, directors, employees, agents and affiliates shall constitute Indemnitees for all purposes under subsection 10.3.
Appears in 1 contract
Samples: Credit Agreement (Pantry Inc)
The Register. (i) The Administrative Agent shallshall maintain, acting solely for this purpose as a non-fiduciary agent of the Borrowerat its address referred to in subsection 10.8, maintain at the Funding and Payment Office a register for the recordation of the names and addresses of the Lenders and the principal amount Commitments and stated interest of the Loans and the Commitment of each Lender from time to time (the “Register”"REGISTER"). The Register shall be available for inspection by the any Borrower or any Lender at any reasonable time and from time to time upon reasonable prior notice.
(ii) The Administrative Agent shall record in the Register the applicable Term Loan Commitment (if any) and applicable Revolving Loan Commitment and the applicable Term Loan (if any) and applicable Revolving Loans from time to time of each Lender, the applicable Swing Line Loan Commitment and the applicable Swing Line Loans from time to time of Swing Line Lender, and each repayment or prepayment in respect of the principal amount of such Loansthe applicable Term Loan (if any) or applicable Revolving Loans of each Lender or the applicable Swing Line Loans of Swing Line Lender. Any such recordation shall be conclusive and binding on the each Borrower and each Lender, absent manifest error; provided that failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s Commitment 's Commitments or the any Borrower's Obligations in respect of any applicable LoanLoans.
(iii) Each Lender shall record on its internal records (orincluding, at such Lender’s optionwithout limitation, on the Note Notes held by such Lender) the amount of the applicable Term Loan (if any) and each applicable Revolving Loan made by it and each payment in respect thereof. Any such recordation shall be conclusive and binding on the each applicable Borrower, absent manifest error; provided that failure to make any such recordation, or any error in such recordation, shall not affect Lender's Commitments or any Lender’s Commitment or the Borrower's Obligations in respect of any applicable LoanLoans; and provided, further, provided further that in the event of any inconsistency between the Register and any Lender’s 's records, the recordations in the Register shall govern (absent manifest error therein)govern.
(iv) The BorrowerBorrowers, the Administrative Agent and the Lenders shall deem and treat the Persons listed as Lenders in the Register as the holders and owners of the corresponding Commitments and Loans listed therein for all purposes hereof, and no assignment or transfer of any such Commitment or Loan shall be effective, in each case unless and until an Assignment Agreement effecting the assignment or transfer thereof shall have been accepted by the Administrative Agent and recorded in the Register as provided in Section 8.1C. subsection 10.1B(ii). Prior to such recordation, all amounts owed with respect to the applicable Commitment or Loan shall be owed to the Lender listed in the Register as the owner thereof, and any request, authority or consent of any Person who, at the time of making such request or giving such authority or consent, is listed in the Register as a Lender shall be conclusive and binding on any subsequent holder, assignee or transferee of the corresponding Commitments or Loans.
(v) Each Borrower hereby designates BTCo to serve as such Borrower's agent solely for purposes of maintaining the Register as provided in this subsection 2.1D, and each Borrower hereby agrees that, to the extent BTCo serves in such capacity, BTCo and its officers, directors, employees, agents and affiliates shall constitute Indemnitees for all purposes under subsection 10.
Appears in 1 contract
The Register. (i) The Administrative Agent shallshall maintain, acting solely for this purpose as a non-fiduciary agent of the Borrowerat its address referred to in subsection 9.8, maintain at the Funding and Payment Office a register for the recordation registration of the names and addresses of the Lenders and the principal amount Commitments and stated interest of the Loans and the Commitment of each Lender from time to time (the “Register”"REGISTER"). The Register shall be available for inspection by the Borrower Company or any Lender at any reasonable time and from time to time upon reasonable prior notice.
(ii) The Administrative Agent shall record in the Register the Commitment and the Revolving Loans from time to time of each Lender, Lender and each repayment or prepayment in respect of the principal amount of such the Revolving Loans. Any such recordation shall be conclusive and binding on the Borrower Company and each Lender, absent manifest error; provided that failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s Commitment or the Company's Obligations in respect of any the applicable LoanLoans.
(iii) Each Lender shall record on its internal records (orincluding, at such Lender’s option, on without limitation the Note applicable Notes held by such Lender) the amount of each Revolving Loan made by it and each payment or other reduction in respect thereof. Any such recordation shall be conclusive and binding on the BorrowerCompany, absent manifest error; provided that failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s Commitment or the Company's Obligations in respect of any the applicable LoanRevolving Loans; and provided, further, that in the event of any inconsistency between the Register and any Lender’s 's records, the recordations in the Register shall govern (absent manifest error therein)govern.
(iv) The BorrowerCompany, the Administrative Agent and the Lenders shall deem and treat the Persons listed as Lenders in the Register as the holders and owners of the corresponding Commitments and Revolving Loans listed therein for all purposes hereof, and no assignment or transfer of any such Commitment or Loan Revolving Loans shall be effective, in each case unless and until an Assignment Agreement effecting the assignment or transfer thereof shall have been accepted by the Administrative Agent and recorded in the Register as provided in Section 8.1C. subsection 9.1B(ii). Prior to such recordation, all amounts owed with respect to the applicable Commitment or Loan Commitment, Revolving Loans shall be owed to the Lender listed in the Register as the owner thereof, and any request, authority or consent of any Person who, at the time of making such request or giving such authority or consent, is listed in the Register as a Lender shall be conclusive and binding on any subsequent holder, assignee or transferee of the corresponding Commitments or Loans.
Appears in 1 contract
Samples: Revolving Credit Agreement (America West Holdings Corp)
The Register. (i) The Administrative Agent shall(or its agent or sub-agent appointed by it) shall maintain, acting solely as agent for this purpose as a non-fiduciary agent of the Borrower, maintain at the Funding and Payment Office its address referred to in subsection 10.9, a register for the recordation of the names and addresses of the Lenders and the principal amount Commitments and stated interest of the Loans and the Commitment of each Lender from time to time (the “Register”). The Register Register, as in effect at the close of business on the preceding Business Day, shall be available for inspection by the Borrower or any Lender at any reasonable time and from time to time upon reasonable prior notice.
(ii) The Administrative Agent shall record record, or shall cause to be recorded, in the Register the Commitment and the Loans (in accordance with the provisions of subsection 10.1, and, for any Loans or Commitments denominated in HK Dollars or Patacas, including the Dollar Equivalent amount of such Loans and Commitments calculated using the Closing FX Rate) from time to time of each Lender, and each repayment or prepayment in respect of the principal amount of such Loansthe Loans of each Lender (and any cancellations of Term Loans pursuant to and in accordance with the terms and conditions of subsection 10.1I). Any such recordation shall be conclusive and binding on the Borrower and each Lender, absent manifest error; provided that failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s Commitment Commitments or the Obligations of any Loan Party or the Sponsor in respect of any applicable LoanLoans.
(iii) Each Lender shall record on its internal records (or, at such Lender’s option, on including the Note Notes held by such Lender) the amount of each Loan made by it and each payment in respect thereof. Any such recordation shall be conclusive and binding on the Borrower, absent manifest error; provided that failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s Commitment Commitments or the Obligations of any Loan Party or the Sponsor in respect of any applicable LoanLoans; and provided, further, further that in the event of any inconsistency between the Register and any Lender’s records, the recordations in the Register shall govern (absent manifest error therein)govern.
(iv) The Borrower, the Administrative Agent and the Lenders shall deem and treat the Persons listed as Lenders in the Register as the holders and owners of the corresponding Commitments and Loans listed therein for all purposes hereof, and no assignment or transfer of any such Commitment or Loan shall be effective, in each case unless and until an Assignment Agreement effecting the assignment or transfer thereof shall have been accepted by the Administrative Agent and recorded in the Register as provided in Section 8.1C. subsections 10.1B(ii) or 10.1I(vi), as applicable. Prior to such recordation, all amounts owed with respect to the applicable Commitment or Loan shall be owed to the Lender listed in the Register as the owner thereof, and any request, authority or consent of any Person who, at the time of making such request or giving such authority or consent, is listed in the Register as a Lender shall be conclusive and binding on any subsequent holder, assignee or transferee of the corresponding Commitments or Loans.
Appears in 1 contract
The Register. (i) The Administrative Agent shallAgent, acting solely for this purpose ------------ as a non-fiduciary agent of for the Borrower, shall maintain at the Funding its address referred to in Section ------- 13.10 a copy of each Assignment and Payment Office Acceptance delivered to and accepted by it ----- and a register (the "Register") for the recordation of the names and addresses of the Lenders and the principal amount and stated interest of the Loans and the Commitment of each Lender from time to time and whether such Lender is an original Lender or the assignee of another Lender pursuant to an Assignment and Acceptance. The Administrative Agent shall incur no liability of any kind to the Borrower, any Loan Party, any Lender or any other Person with respect to its maintenance of the Register or the recordation of information therein. The Register shall include a control account and a subsidiary account for each Lender, in which accounts (taken together) shall be recorded (i) the “Register”)date and amount of each Borrowing made hereunder, (ii) the amount of any principal or interest due and payable or to become due and payable from the Borrower to each Lender hereunder and (iii) the amount of any sum received by the Administrative Agent from the Borrower hereunder and each Lender's share thereof. The Administrative Agent will render a monthly statement of such accounts to the Borrower. Each such statement shall be deemed final, binding and conclusive upon the Borrower and the other Loan Parties in all respects as to all matters reflected therein (absent manifest error) unless the Borrower, within thirty (30) days after the date such statement is rendered, delivers to the Administrative Agent written notice of any objections which the Borrower may have to any such statement. In that event, only those items expressly objected to in such notice shall be deemed to be disputed by the Borrower. The entries in the Register shall be final, conclusive and binding upon the Borrower and the other Loan Parties for all purposes, absent manifest error, and the Borrower, each of its Subsidiaries and each other Loan Party, the Administrative Agent and the Lenders shall treat each Person whose name is recorded in the Register as a Lender hereunder for all purposes of this Agreement. The Register shall be available for inspection by the Borrower or any Lender at any reasonable time and from time to time upon reasonable prior notice.
(ii) The Administrative Agent shall record in the Register the Commitment and the Loans . No assignment of each Lenderany Commitment, and each repayment Loan or prepayment of the principal amount of such Loans. Any such recordation shall be conclusive and binding on the Borrower and each Lender, absent manifest error; provided that failure to make any such recordationNote, or any error in such recordationinterest therein, shall not affect any Lender’s Commitment or the Obligations in respect of any applicable Loan.
(iii) Each Lender shall record on its internal records (or, at such Lender’s option, on the Note held by such Lender) the amount of each Loan made by it and each payment thereof. Any such recordation shall be conclusive and binding on the Borrower, absent manifest error; provided that failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s Commitment or the Obligations in respect of any applicable Loan; and provided, further, that in the event of any inconsistency between the Register and any Lender’s records, the recordations in the Register shall govern (absent manifest error therein).
(iv) The Borrower, the Administrative Agent and the Lenders shall deem and treat the Persons listed as Lenders in the Register as the holders and owners of the corresponding Commitments and Loans listed therein for all purposes hereof, and no assignment or transfer of any such Commitment or Loan shall be effective, in each case effective unless and until an the Assignment Agreement effecting the assignment or transfer thereof shall have and Acceptance has been accepted by the Administrative Agent and recorded registered in the Register as provided in Register. This Section 8.1C. Prior to such recordation, all amounts owed with respect to the applicable Commitment or Loan 13.01(c) shall be owed to the Lender listed in the Register as the owner thereofconstrued ---------------- so that all Commitments, Loans and Notes, and any requestinterest therein, authority or consent are maintained at all times in "registered form" within the meaning of any Person whosections 163(f), at the time of making such request or giving such authority or consent, is listed in the Register as a Lender shall be conclusive 871(h) and binding on any subsequent holder, assignee or transferee 881(c) of the corresponding Commitments or LoansCode.
Appears in 1 contract
The Register. (i) The Administrative Agent shallshall maintain, acting solely for this purpose as a non-fiduciary agent of the Borrowerat its address referred to in subsection 9.8, maintain at the Funding and Payment Office a register for the recordation of the names and addresses of the Lenders and the principal amount and stated interest of the Loans Lenders, and the Commitment and Loans of each Lender Lender, from time to time (the “Register”). The Register shall be available for inspection by the Borrower or any Lender at any reasonable time and from time to time upon reasonable prior notice.
(ii) The Administrative Agent shall record in the Register each repayment or prepayment in respect of the Commitment and principal amount of the Loans of each Lender, and each repayment or prepayment of the principal amount of such Loans. Any such recordation shall be conclusive and binding on the Borrower and each Lender, absent manifest or demonstrable error; provided that failure to make any such recordation, or any error in such recordation, shall not affect any LenderBorrower’s Commitment or the Obligations in respect of any the applicable LoanLoans.
(iii) Each Lender shall record on its internal records (or, at such Lender’s option, on the Note held by such Lender) the amount of each Loan made by it and each payment in respect thereof. Any such recordation shall be conclusive and binding on the BorrowerBorrower and such Lender, absent manifest or demonstrable error; provided that failure to make any such recordation, or any error in such recordation, shall not affect any LenderBorrower’s Commitment or the Obligations in respect of any the applicable LoanLoans; and provided, further, further that in the event of any inconsistency between the Register and any Lender’s records, the recordations in the Register shall govern (absent manifest error therein)govern.
(iv) The Borrower, the Administrative Agent and the Lenders shall deem and treat the Persons listed as Lenders in the Register as the holders and owners of the corresponding Commitments and Loans listed therein for all purposes hereof, and no assignment or transfer of any such Commitment or Loan shall be effective, in each case either case, unless and until an Assignment Agreement effecting the assignment or transfer thereof shall have been accepted by the Administrative Agent and recorded in the Register as provided in Section 8.1C. subsection 9.1B(ii). Prior to such recordation, all amounts owed with respect to the applicable Commitment or Loan shall be owed to the Lender listed in the Register as the owner thereof, and any request, authority or consent of any Person who, at the time of making such request or giving such authority or consent, is listed in the Register as a Lender shall be conclusive and binding on any subsequent holder, assignee or transferee of the corresponding Commitments Commitment or LoansLoan.
(v) Borrower hereby designates Agent to serve as Borrower’s agent solely for purposes of maintaining the Register as provided in this subsection 2.1D, and Borrower hereby agrees that, to the extent Agent serves in such capacity, Agent and its officers, directors, employees, agents and affiliates shall constitute Indemnitees for all purposes under subsection 9.3. This subsection 2D shall be construed so that the Loans are at all times maintained in “registered form” within the meaning of Sections 163(f), 871(h)(2), and 881(c)(2) of the Code.
Appears in 1 contract
Samples: Revolving Line of Credit Agreement (Hawaiian Telcom Holdco, Inc.)
The Register. (i) The Administrative Agent shallshall maintain, acting solely for this purpose as a non-fiduciary agent of the Borrowerat its address referred to in subsection 10.8, maintain at the Funding and Payment Office a register for the recordation of the names and addresses of the Lenders and the principal amount Restructured Term Loan Commitments and stated interest of the Loans and the Commitment of each Lender from time to time (the “Register”"REGISTER"). The Register shall be available for inspection by the Borrower Company or any Lender at any reasonable time and from time to time upon reasonable prior notice.
(ii) The Administrative Agent shall record in the Register the Commitment Restructured Term Loans and the Supplemental Term Loans from time to time of each Lender, Lender and each repayment or prepayment in respect of the principal amount of such Loansthe Restructured Term Loans or Supplemental Term Loans of each Lender. Any such recordation shall be conclusive and binding on the Borrower Company and each Lender, absent manifest error; provided that failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s Commitment or the Company's Obligations in respect of any the applicable LoanLoans.
(iii) Each Lender shall record on its internal records (orincluding, at such Lender’s optionwithout limitation, on the Note Notes held by such Lender) the amount of each Restructured Term Loan and Supplemental Term Loan made by it and each payment in respect thereof. Any such recordation shall be conclusive and binding on the BorrowerCompany, absent manifest error; provided that failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s Commitment or the Company's Obligations in respect of any the applicable LoanLoans; and provided, further, further that in the event of any inconsistency between the Register and any Lender’s 's records, the recordations in the Register shall govern (absent manifest error therein)govern.
(iv) The BorrowerCompany, the Administrative Agent and the Lenders shall deem and treat the Persons listed as Lenders in the Register as the holders and owners of the corresponding Restructured Term Loan Commitments and Loans listed therein for all purposes hereof, and no assignment or transfer of any such Restructured Term Loan Commitment or Loan shall be effective, in each case unless and until an Assignment Agreement effecting the assignment or transfer thereof shall have been accepted by the Administrative Agent and recorded in the Register as provided in Section 8.1C. subsection 10.1B(ii). Prior to such recordation, all amounts owed with respect to the applicable Restructured Term Loan Commitment or Loan shall be owed to the Lender listed in the Register as the owner thereof, and any request, authority or consent of any Person who, at the time of making such request or giving such authority or consent, is listed in the Register as a Lender shall be conclusive and binding on any subsequent holder, assignee or transferee of the corresponding Restructured Term Loan Commitments or Loans.
(v) Company hereby designates Administrative Agent to serve as Company's agent solely for purposes of maintaining the Register as provided in this subsection 2.1D, and Company hereby agrees that, to the extent Administrative Agent serves in such capacity, Administrative Agent and its officers, directors, employees, agents and affiliates shall constitute Indemnitees for all purposes under subsection 10.3.
Appears in 1 contract
Samples: Term Loan Agreement (Loews Cineplex Entertainment Corp)
The Register. (i) The Administrative Agent shallshall maintain, acting solely for this purpose as a non-fiduciary agent of the Borrowerat its address referred to in subsection 10.8, maintain at the Funding and Payment Office a register for the recordation of the names and addresses of the Lenders and the principal amount Commitments and stated interest of the Loans and the Commitment of each Lender from time to time (the “"Register”"). The Register shall be available for inspection by the Borrower Company or any Lender at any reasonable time and from time to time upon reasonable prior notice.
(ii) The Administrative Agent shall record in the Register the Tranche A Term Loan Commitment and Revolving Loan Commitment and the Tranche A Term Loan and Revolving Loans from time to time of each Lender, the Swing Line Loan Commitment and the Swing Line Loans from time to time of Swing Line Lender, and each repayment or prepayment in respect of the principal amount of such Loansthe Tranche A Term Loan or Revolving Loans of each Lender or the Swing Line Loans of Swing Line Lender. Any such recordation shall be conclusive and binding on the Borrower Company and each Lender, absent manifest error; provided that failure to make any -------- such recordation, or any error in such recordation, shall not affect any Lender's Commitments or Company's Obligations in respect of any applicable Loans.
(iii) Each Lender shall record on its internal records (including the Notes held by such Lender) the amount of any Tranche A Term Loan and each Revolving Loan made by it and each payment in respect thereof. Any such recordation shall be conclusive and binding on Company, absent manifest error; provided that failure to make any such recordation, or any -------- error in such recordation, shall not affect any Lender’s Commitment 's Commitments or the Company's Obligations in respect of any applicable Loan.
(iii) Each Lender shall record on its internal records (or, at such Lender’s option, on the Note held by such Lender) the amount of each Loan made by it and each payment thereof. Any such recordation shall be conclusive and binding on the Borrower, absent manifest error; provided that failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s Commitment or the Obligations in respect of any applicable LoanLoans; and provided, further, -------- further that in the event of any inconsistency between the Register and any ------- Lender’s 's records, the recordations in the Register shall govern (and be conclusive and binding on such Lender, absent manifest error therein)error.
(iv) The BorrowerCompany, the Administrative Agent and the Lenders shall deem and treat the Persons listed as Lenders in the Register as the holders and owners of the corresponding Commitments and Loans listed therein for all purposes hereof, and no assignment or transfer of any such Commitment or Loan shall be effective, in each case unless and until an Assignment Agreement effecting the assignment or transfer thereof shall have been accepted by the Administrative Agent and recorded in the Register as provided in Section 8.1C. subsection 10.1B(ii). Prior to such recordation, all amounts owed with respect to the applicable Commitment or Loan shall be owed to the Lender listed in the Register as the owner thereof, and any request, authority or consent of any Person who, at the time of making such request or giving such authority or consent, is listed in the Register as a Lender shall be conclusive and binding on any subsequent holder, assignee or transferee of the corresponding Commitments or Loans.
(v) Company hereby designates Xxxxxx Guaranty to serve as Company's agent solely for purposes of maintaining the Register as provided in this subsection 2.1D, and Company hereby agrees that, to the extent Xxxxxx Guaranty serves in such capacity, Xxxxxx Guaranty and its officers, directors, employees, agents and affiliates shall constitute Indemnitees for all purposes under subsection 10.3.
Appears in 1 contract
Samples: Credit Agreement (Sealy Corp)
The Register. (i) The Administrative Agent shall, acting solely for this purpose as a non-fiduciary agent of the Borrower, shall maintain at the Funding and Payment Office a register for the recordation of the names and addresses of the Lenders and the principal amount and stated interest of the Loans and the Commitment of each Lender from time to time (the “Register”), which shall include a master account and a subsidiary account for each Lender and in which accounts (taken together) shall be recorded (i) the type of each Loan comprising the Borrowing and any Interest Period applicable thereto, (ii) the effective date and amount of each Assignment and Acceptance delivered to and accepted by it and the parties thereto, (iii) the amount of any principal or interest due and payable or to become due and payable from Borrowers to each Lender hereunder or under the notes payable by the Borrowers to such Lender, and (iv) the amount of any sum received by the Agent from Borrowers or any other Loan Party and each Lender’s Pro Rata Share thereof. The Register shall be available for inspection by the Borrower Borrowers or any Lender at the offices of Agent at any reasonable time and from time to time upon reasonable prior notice.
(ii) The Administrative . Any failure of the Agent shall to record in the Register the Commitment and the Loans of each Lender, and each repayment or prepayment of the principal amount of such Loans. Any such recordation shall be conclusive and binding on the Borrower and each Lender, absent manifest error; provided that failure to make any such recordationRegister, or any error in such recordationdoing so, shall not limit or otherwise affect the obligation of Borrowers hereunder (or under any Lender’s Commitment or the Obligations in respect of note) to pay any applicable Loan.
(iii) Each Lender shall record on its internal records (or, at such Lender’s option, on the Note held by such Lender) the amount of each Loan made by it and each payment thereof. Any such recordation shall be conclusive and binding on the Borrower, absent manifest error; provided that failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s Commitment or the Obligations in respect of any applicable Loan; and provided, further, that in the event of any inconsistency between the Register and any Lender’s records, the recordations in the Register shall govern (absent manifest error therein).
(iv) The Borrower, the Administrative Agent and the Lenders shall deem and treat the Persons listed as Lenders in the Register as the holders and owners of the corresponding Commitments and Loans listed therein for all purposes hereof, and no assignment or transfer of any such Commitment or Loan shall be effective, in each case unless and until an Assignment Agreement effecting the assignment or transfer thereof shall have been accepted by the Administrative Agent and recorded in the Register as provided in Section 8.1C. Prior to such recordation, all amounts owed owing with respect to the applicable Commitment Loans or Loan provide the basis for any claim against Agent. The Obligations are registered obligations and the right, title and interest of any Lender and their assignees in and to such Obligations shall be owed to the Lender listed transferable only upon notation of such transfer in the Register. Solely for purposes of this Section 12.21 and for tax purposes only, the Agent shall be Borrowers’ agent for purposes of maintaining the Register as (but the owner thereofAgent shall have no liability whatsoever to any Borrower or any other Person on account of any inaccuracies contained in the Register). This Section 12.21 shall be construed so that the Obligations are at all times maintained in “registered form” within the meaning of Sections 163(f), 871(h)(2) and 881(c)(2) of the Internal Revenue Code and any request, authority related regulations (and any other relevant or consent of any Person who, at the time of making such request or giving such authority or consent, is listed in the Register as a Lender shall be conclusive and binding on any subsequent holder, assignee or transferee successor provisions of the corresponding Commitments Internal Revenue Code or Loanssuch regulations).
Appears in 1 contract
Samples: Term Loan Agreement (Salton Inc)
The Register. (i) The Administrative Agent shallAgent, acting for these purposes solely for this purpose as a non-fiduciary agent of the BorrowerBorrower (it being acknowledged that the Administrative Agent, in such capacity, and its officers, directors, employees, agent and affiliates shall constitute Indemnitees under Subsection 9.3), shall maintain (and make available for inspection by the Borrower and by each Lender, but only as to information regarding the Loans made by such Lender, upon reasonable prior notice at the Funding and Payment Office reasonable times) at its address referred to in Schedule 9.8 a register for the recordation of of, and shall record, the names and addresses of the Lenders and the principal amount and stated interest respective amounts of the Revolving Loan Commitment, Swing Line Loan Subfacility, Revolving Loans and Swing Line Loans (and interest on each of the Commitment foregoing) of each Lender from time to time (the “Register”). The Register shall be available for inspection by the Borrower or any Lender at any reasonable time and from time to time upon reasonable prior notice.
(ii) The Administrative Agent shall record in the Register the Commitment and the Loans of each Lender, and each repayment or prepayment of the principal amount of such Loans. Any such recordation shall be conclusive and binding on the Borrower and each Lender, absent manifest error; provided that failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s Commitment or the Obligations in respect of any applicable Loan.
(iii) Each Lender shall record on its internal records (or, at such Lender’s option, on the Note held by such Lender) the amount of each Loan made by it and each payment thereof. Any such recordation shall be conclusive and binding on the Borrower, absent manifest error; provided that failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s Commitment or the Obligations in respect of any applicable Loan; and provided, further, that in the event of any inconsistency between the Register and any Lender’s records, the recordations in the Register shall govern (absent manifest error therein).
(iv) The Borrower, the Administrative Agent and the Lenders shall deem and treat the Persons listed as Lenders in the Register as the holders and owners of the corresponding Commitments and Loans listed therein for all purposes hereof, and no assignment or transfer of any such Commitment or Loan shall be effective, in each case unless and until an Assignment Agreement effecting the assignment or transfer thereof shall have been accepted by the Administrative Agent and recorded in the Register as provided in Section 8.1C. Prior to such recordation, ; all amounts owed with respect to the applicable any Commitment or Loan Loan, absent manifest error, shall be owed to the Lender listed in the Register as the owner thereof, ; and any request, authority or consent of any Person who, at the time of making such request or giving such authority or consent, is listed in the Register as a Lender shall be conclusive and binding on any subsequent holder, assignee or transferee of the corresponding Commitments or Loans. Each Lender shall record on its internal records the amount of its Loans and Commitments and each payment in respect hereof, and any such recordation shall be conclusive and binding on the Borrower subject to the entries in the Register, which shall govern in the event of any inconsistency with any Lender’s records. Failure to make any recordation in the Register or in any Lender’s records, or any error in such recordation, shall not affect any Loans or Commitments or any Obligations in respect of any Loans.
Appears in 1 contract
The Register. (i) The Administrative Agent shallAgent, acting for these purposes solely for this purpose as a non-fiduciary an agent of the BorrowerBorrower (it being acknowledged that Administrative Agent, in such capacity, and its officers, directors, employees, agent and affiliates shall constitute Indemnitees under subsection 10.3), shall maintain (and make available for inspection by Borrower and Lenders upon reasonable prior notice at the Funding and Payment Office reasonable times) at its address referred to in subsection 10.8 a register for the recordation of of, and shall record, the names and addresses of the Lenders and the principal amount and stated interest of the Term Loan Commitment, Revolving Loan Commitment, Swing Line Loan Commitment, Term Loan, Revolving Loans and the Commitment Swing Line Loans of each Lender from time to time (the “"Register”"). The Register shall be available for inspection by the Borrower or any Lender at any reasonable time and from time to time upon reasonable prior notice.
(ii) The Administrative Agent shall record in the Register the Commitment and the Loans of each Lender, and each repayment or prepayment of the principal amount of such Loans. Any such recordation shall be conclusive and binding on the Borrower and each Lender, absent manifest error; provided that failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s Commitment or the Obligations in respect of any applicable Loan.
(iii) Each Lender shall record on its internal records (or, at such Lender’s option, on the Note held by such Lender) the amount of each Loan made by it and each payment thereof. Any such recordation shall be conclusive and binding on the Borrower, absent manifest error; provided that failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s Commitment or the Obligations in respect of any applicable Loan; and provided, further, that in the event of any inconsistency between the Register and any Lender’s records, the recordations in the Register shall govern (absent manifest error therein).
(iv) The Borrower, the Administrative Agent and the Lenders shall deem and treat the Persons listed as Lenders in the Register as the holders and owners of the corresponding Commitments and Loans listed therein for all purposes hereof, and no assignment or transfer of any such Commitment or Loan shall be effective, in each case unless and until an Assignment Agreement effecting the assignment or transfer thereof shall have been accepted by the Administrative Agent and recorded in the Register as provided in Section 8.1C. Prior to such recordation, ; all amounts owed with respect to the applicable any Commitment or Loan shall be owed to the Lender listed in the Register as the owner thereof, ; and any request, authority or consent of any Person who, at the time of making such request or giving such authority or consent, is listed in the Register as a Lender shall be conclusive and binding on any subsequent holder, assignee or transferee of the corresponding Commitments or Loans. Each Lender shall record on its internal records (and make available for inspection by Administrative Agent upon reasonable prior notice) the amount of its Loans and Commitments and each payment in respect hereof, and any such recordation shall be conclusive and binding on Borrower, absent manifest error, subject to the entries in the Register, which shall, absent manifest error, govern in the event of any inconsistency with any Lender's records. Failure to make any recordation in the Register or in any Lender's records, or any error in such recordation, shall not affect any Loans or Commitments or any Obligations in respect of any Loans.
Appears in 1 contract
Samples: Credit Agreement (Ethyl Corp)
The Register. (a) The Agent, acting solely for this purpose as an agent of the Company, the Parent and the other Obligors, shall maintain at its address referred to in Clause 34.2 (Addresses):
(i) each Transfer Certificate referred to in Clause 26.5 (Procedure for transfer), each Assignment Agreement referred to in Clause 26.6 (Procedure for assignment), each Increase Confirmation - Cancelled Commitments and each Additional Facility Notice delivered to and accepted by it; and
(ii) with respect to each Facility, a register for the recording of the names and addresses of the Lenders and the Commitment of, and principal amount (and stated interest) owing to, each Lender from time to time (the Register) under such Facility, which may be kept in electronic form. The Administrative entries in the Register shall be conclusive and binding for all purposes, absent manifest error, and the Obligors, the Parent, the Company, the Agent and the Lenders shall treat each person whose name is recorded in the Register as a Lender hereunder for all purposes of this Agreement. The Agent shall provide the Company with a copy of the Register within 5 Business Days of request.
(b) Each party to this Agreement irrevocably authorises the Agent to make the relevant entry in the Register (and which the Agent shall do promptly) on its behalf for the purposes of this Clause 26.7 without any further consent of, or consultation with, such Party.
(c) The Agent shall, upon request by an Existing Lender (as defined in Clause 26.1 (Transfers by the Lenders)) or a New Lender, confirm to that Existing Lender or New Lender whether a transfer or assignment from that Existing Lender or (as the case may be) to that New Lender has been recorded on the Register (including details of the Commitment of that Existing Lender or New Lender in each Facility).
(d) In addition, each Lender which has made a sub-participation of any or all of its obligations hereunder shall:
(i) acting solely for this purpose as a non-fiduciary agent of the BorrowerBorrowers, maintain at the Funding and Payment Office a register for on which it enters the recordation name and address of the names and addresses of the Lenders each sub-participant and the principal amount amounts (and stated related interest amounts) of each sub participant’s interest in the Loans and the Commitment of each Lender from time to time or other obligations hereunder (the “Participant Register”). The Register shall be available for inspection by the Borrower or any Lender at any reasonable time ; and from time to time upon reasonable prior notice.171 Project Unicorn - Facilities Agreement
(ii) The Administrative provide, upon reasonable request by the Obligors’ Agent shall record in at any time, the Register the Commitment and the Loans of each Lender, and each repayment or prepayment identity of the principal amount of sub-participant and any information in reasonable detail relating to such Loans. Any sub-participant or such recordation shall be conclusive and binding on the Borrower and each Lendersub-participation agreement or arrangement, absent manifest error; provided that failure a Lender shall not be required to make any such recordation, disclose all or any error in such recordation, shall not affect any Lender’s Commitment portion of the Participant Register or the Obligations identity of a sub-participant if the Lender retains exclusive control over all rights and obligations in respect relation to the participations and Commitments that are the subject of the relevant agreement or arrangement, including all voting and similar rights (for the avoidance of doubt, free of any applicable Loan.
(iii) Each Lender shall record on its internal records (or, at such Lender’s option, on agreement or understanding pursuant to which it is required to or will consult with any other person in relation to the Note held by such Lender) the amount of each Loan made by it and each payment thereof. Any such recordation shall be conclusive and binding on the Borrower, absent manifest error; provided that failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s Commitment or the Obligations in respect of any applicable Loan; and provided, further, that in the event of any inconsistency between the Register and any Lender’s records, the recordations in the Register shall govern (absent manifest error therein).
(iv) The Borrower, the Administrative Agent and the Lenders shall deem and treat the Persons listed as Lenders in the Register as the holders and owners of the corresponding Commitments and Loans listed therein for all purposes hereof, and no assignment or transfer exercise of any such Commitment or Loan shall be effectiverights and/or obligations), in each case unless and until an Assignment Agreement effecting except to the assignment extent that such disclosure is necessary to establish that any Loan, Commitment, or transfer thereof shall have been accepted by other obligation is maintained in registered form under Section 5f.l03-l(c) of the Administrative Agent and recorded US Treasury Regulations or for any other purpose in connection with the Finance Documents.
(e) The requirements of this Clause 26.7 are intended to result in the Register as provided Loans being in Section 8.1C. Prior to such recordation“registered form” for purposes of section 871, all amounts owed with respect to section 881 or any other applicable provision of the applicable Commitment or Loan US Revenue Code, and shall be owed to the Lender listed interpreted and applied in the Register as the owner thereof, and any request, authority or consent of any Person who, at the time of making such request or giving such authority or consent, is listed in the Register as a Lender shall be conclusive and binding on any subsequent holder, assignee or transferee of the corresponding Commitments or Loansmanner consistent therewith.
Appears in 1 contract
The Register. (i) The Administrative Agent shallshall maintain, acting solely for this purpose as a non-fiduciary agent of the Borrowerat its address referred to in subsection 10.8, maintain at the Funding and Payment Office a register for the recordation of the names and addresses of the Lenders and the principal amount Commitments and stated interest of the Loans and the Commitment of each Lender from time to time (the “Register”"REGISTER"). The Register shall be available for inspection by the Borrower Company or any Lender at any reasonable time and from time to time upon reasonable prior notice.
(ii) The Administrative Agent shall record in the Register the Commitments and Loans from time to time of each Lender, the Swing Line Loan Commitment and the Swing Line Loans from time to time of each Swing Line Lender, and each repayment or prepayment in respect of the principal amount of such Loansthe Loans of each Lender or the Swing Line Loans of Swing Line Lender. Any such recordation shall be conclusive and binding on the Borrower Company and each Lender, absent manifest error; provided that failure to make any such recordation, -------- or any error in such recordation, shall not affect any Lender’s Commitment or the Company's Obligations in respect of any the applicable LoanLoans.
(iii) Each Lender shall record on its internal records (orincluding, at such Lender’s optionwithout limitation, on the Note any Notes held by such Lender) the amount of each Loan made by it and each payment in respect thereof. Any such recordation shall be conclusive and binding on the BorrowerCompany, absent manifest error; provided that failure to make -------- any such recordation, or any error in such recordation, shall not affect any Lender’s Commitment or the Company's Obligations in respect of any the applicable LoanLoans; and provided, further, -------- further that in the event of any inconsistency between the Register and any ------- Lender’s 's records, the recordations in the Register shall govern (absent manifest error therein)govern.
(iv) The BorrowerCompany, the Administrative Agent and the Lenders shall deem and treat the Persons listed as Lenders in the Register as the holders and owners of the corresponding Commitments and Loans listed therein for all purposes hereof, and no assignment or transfer of any such Commitment or Loan shall be effective, in each case unless and until an Assignment Agreement effecting the assignment or transfer thereof shall have been accepted by the Administrative Agent and recorded in the Register as provided in Section 8.1C. subsection 10.1B(ii). Prior to such recordation, all amounts owed with respect to the applicable Commitment or Loan shall be owed to the Lender listed in the Register as the owner thereof, and any request, authority or consent of any Person who, at the time of making such request or giving such authority or consent, is listed in the Register as a Lender shall be conclusive and binding on any subsequent holder, assignee or transferee of the corresponding Commitments or Loans.
(v) Company hereby designates Administrative Agent to serve as Company's agent solely for purposes of maintaining the Register as provided in this subsection 2.1D, and Company hereby agrees that, to the extent Administrative Agent serves in such capacity, Administrative Agent and its officers, directors, employees, agents and affiliates shall constitute Indemnitees for all purposes under subsection 10.3.
Appears in 1 contract
The Register. (i) The Administrative Agent shallshall maintain, acting solely for this purpose as a non-fiduciary agent of the Borrowerat its address referred to in subsection 10.8, maintain at the Funding and Payment Office a register for the recordation of the names and addresses of the Lenders and the principal amount Commitments and stated interest of the Loans and the Commitment of each Lender from time to time (the “"Register”"). The Register shall be available for inspection by the Borrower Company or any Lender at any reasonable time and from time to time upon reasonable prior notice.
(ii) The Administrative Agent shall record in the Register the Commitment Commitments and the outstanding Loans from time to time of each Lender, Lender and each repayment or prepayment in respect of the principal amount of such Loansthe outstanding Loans of each Lender. Any such recordation shall be conclusive and binding on the Borrower Company and each Lender, absent manifest error; provided that failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s Commitment or the Company's Obligations in respect of any the applicable LoanLoans.
(iii) Each Lender shall record on its internal records (orincluding, at such Lender’s optionwithout limitation, on the Note Notes held by such Lender) the amount of each Loan made by it and each payment in respect thereof. Any such recordation shall be conclusive and binding on the BorrowerCompany, absent manifest error; provided that failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s Commitment or the Company's Obligations in respect of any the applicable LoanLoans; and provided, further, further that in the event of any inconsistency between the Register and any Lender’s 's records, the recordations in the Register shall govern (absent manifest error therein)govern.
(iv) The BorrowerCompany, the Administrative Agent and the Lenders shall deem and treat the Persons listed as the Lenders in the Register as the holders and owners of the corresponding Commitments and Loans listed therein for all purposes hereof, and no assignment or transfer of any such Commitment or Loan shall be effective, in each case unless and until an Assignment Agreement effecting the assignment or transfer thereof shall have been accepted by the Administrative Agent and recorded in the Register as provided in Section 8.1C. subsection 10.1B(ii). Prior to such recordation, all amounts owed with respect to the applicable Commitment or Loan shall be owed to the Lender listed in the Register as the owner thereof, and any request, authority or consent of any Person who, at the time of making such request or giving such authority or consent, is listed in the Register as a Lender shall be conclusive and binding on any subsequent holder, assignee or transferee of the corresponding Commitments or Loans.
(v) The Company hereby designates CSFB and any financial institution serving as a successor Administrative Agent to serve as the Company's agent solely for purposes of maintaining the Register as provided in this subsection 2.1D, and the Company hereby agrees that, to the extent CSFB serves in such capacity, CSFB and its officers, directors, employees, agents and affiliates shall constitute Indemnitees for all purposes under subsection 10.3.
Appears in 1 contract
The Register. (i) The Administrative Agent shallshall maintain, acting solely for this purpose as a non-fiduciary agent of the Borrowerat its address referred to in subsection 10.8, maintain at the Funding and Payment Office a register for the recordation of the names and addresses of the Lenders and the principal amount Commitments and stated interest of the Loans and the Commitment of each Lender from time to time (the “Register”"REGISTER"). The Register shall be available for inspection by the Borrower Company or any Lender at any reasonable time and from time to time upon reasonable prior notice.
(ii) The Administrative Agent shall record in the Register the Term Loan Commitment and the Revolving Loan Commitment and the Term Loans and Revolving Loans from time to time of each Lender, the Swing Line Loan Commitment and the Swing Line Loans from time to time of Swing Line Lender, the Offshore Currency Loan Commitment and Offshore Currency Loans from time to time of Offshore Currency Funding Lender and each repayment or prepayment in respect of the principal amount of the Term Loans or Revolving Loans of each Lender, and each repayment the Swing Line Loans of Swing Line Lender or prepayment the Offshore Currency Loans of the principal amount of such LoansOffshore Currency Funding Lender. Any such recordation shall be conclusive and binding on the Borrower Company and each Lender, absent manifest error; provided PROVIDED that failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s Commitment 's Commitments or the Company's Obligations in respect of any the applicable LoanLoans.
(iii) Each Lender shall record on its internal records (orincluding, at such Lender’s optionwithout limitation, on the Note Notes held by such Lender) the amount of the Term Loan and each Revolving Loan made by it and each payment in respect thereof. Any such recordation shall be conclusive and binding on the BorrowerCompany, absent manifest error; provided PROVIDED that failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s Commitment 's Commitments or the Company's Obligations in respect of any applicable LoanLoans; and providedPROVIDED, further, FURTHER that in the event of any inconsistency between the Register and any Lender’s 's records, the recordations in the Register shall govern (govern, absent manifest error therein)error.
(iv) The BorrowerCompany, the Administrative Agent and the Lenders shall deem and treat the Persons listed as Lenders in the Register as the holders and owners of the corresponding Commitments and Loans listed therein for all purposes hereof, and no assignment or transfer of any such Commitment or Loan shall be effective, in each case unless and until an Assignment Agreement effecting the assignment or transfer thereof shall have been accepted by the Administrative Agent and recorded in the Register as provided in Section 8.1C. subsection 10.1B(ii). Prior to such recordation, all amounts owed with respect to the applicable Commitment or Loan shall be owed to the Lender listed in the Register as the owner thereof, and any request, authority or consent of any Person who, at the time of making such request or giving such authority or consent, is listed in the Register as a Lender shall be conclusive and binding on any subsequent holder, assignee or transferee of the corresponding Commitments or Loans.
(v) Company hereby designates Fleet to serve as Company's agent solely for purposes of maintaining the Register as provided in this subsection 2.1E, and Company and Lenders hereby agree that, to the extent Fleet serves in such capacity, Fleet and its officers, directors, employees, agents and affiliates shall constitute Indemnitees for all purposes under subsection 10.3 and shall enjoy the general immunity provided for in subsection 9.2.
Appears in 1 contract
Samples: Credit Agreement (Wavetek U S Inc)
The Register. (i) The Administrative Agent shallshall maintain, acting solely for this purpose as a non-fiduciary agent of the Borrowerat its address referred to in subsection 11.8, maintain at the Funding and Payment Office a register for the recordation of the names and addresses of the Lenders and the principal amount Commitments and stated interest of the Loans and the Commitment of each Lender from time to time (the “"Register”"). The Register shall be available for inspection by the Borrower Company or any Lender at any reasonable time and from time to time upon reasonable prior notice.
(ii) The Administrative Agent shall record in the Register the Commitment Commitments and the Loans from time to time of each Lender and each repayment or prepayment in respect of the principal amount of the Loans of each Lender, and each repayment or prepayment of the principal amount of such Loans. Any such recordation shall be conclusive and binding on the Borrower Company and each Lender, absent manifest error; provided that failure to -------- make any such recordation, or any error in such recordation, shall not affect any Lender’s Commitment 's Commitments or the Company's Obligations in respect of any applicable LoanLoans.
(iii) Each Lender shall record on its internal records (or, at such Lender’s option, on including the Note Notes held by such Lender) the amount of each Loan made by it and each payment in respect thereof. Any such recordation shall be conclusive and binding on the BorrowerCompany, absent manifest error; provided that failure to make -------- any such recordation, or any error in such recordation, shall not affect any Lender’s Commitment 's Commitments or the Company's Obligations in respect of any applicable LoanLoans; and provided, further, further that in the event of any -------- ------- inconsistency between the Register and any Lender’s 's records, the recordations in the Register shall govern (absent manifest error therein)govern.
(iv) The BorrowerCompany, the Administrative Agent and the Lenders shall deem and treat the Persons listed as Lenders in the Register as the holders and owners of the corresponding Commitments and Loans listed therein for all purposes hereof, and no assignment or transfer of any such Commitment or Loan shall be effective, in each case unless and until an Assignment Agreement effecting the assignment or transfer thereof shall have been accepted by the Administrative Agent and recorded in the Register as provided in Section 8.1C. subsection 11.1B(ii). Prior to such recordation, all amounts owed with respect to the applicable Commitment or Loan shall be owed to the Lender listed in the Register as the owner thereof, and any request, authority or consent of any Person who, at the time of making such request or giving such authority or consent, is listed in the Register as a Lender shall be conclusive and binding on any subsequent holder, assignee or transferee of the corresponding Commitments or Loans.
(v) Company hereby designates CSFB to serve as Company's agent solely for purposes of maintaining the Register as provided in this subsection 2.1D, and Company hereby agrees that, to the extent CSFB serves in such capacity, CSFB and its officers, directors, employees, agents and affiliates shall constitute Indemnitees for all purposes under subsection 11.3.
Appears in 1 contract
Samples: Credit Agreement (Wec Co)
The Register. (i) The Administrative Agent shallshall maintain, acting solely for this purpose as at its address referred to in subsection 10.8, a non-fiduciary agent copy of each Assignment Agreement delivered to it from time to time in accordance with the Borrower, maintain at the Funding provisions of subsection 10.1B and Payment Office a register for the recordation of the names and addresses of the Lenders and the principal amount Commitments and stated interest of the Loans and the Commitment of each Lender from time to time (the “"Register”"). The Register shall be available for inspection by the Borrower or any Lender at any reasonable time and from time to time upon reasonable prior notice.
(ii) The Administrative Agent shall record in the Register the Term Loan Commitment and Revolving Loan Commitment and the Term Loans and Revolving Loans from time to time of each Lender, the Swing Line Loan Commitment and the Swing Line Loans from time to time of Swing Line Lender, and each repayment or prepayment in respect of the principal amount of such Loansthe Term Loan or Revolving Loans of each Lender or the Swing Line Loans of Swing Line Lender. Any such recordation shall be conclusive and binding on the Borrower and each Lender, absent manifest error; provided that failure to make any such -------- recordation, or any error in such recordation, shall not affect any Lender’s Commitment 's Commitments or the Borrower's Obligations in respect of any applicable LoanLoans.
(iii) Each Lender shall may record on its internal records (or, at such Lender’s option, on including the Note Notes held by such Lender) the amount of the Term Loans and each Revolving Loan made by it and each payment in respect thereof. Any such recordation shall be conclusive and binding on the Borrower, absent manifest error; provided that failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s Commitment 's Commitments or the Borrower's Obligations in respect of any applicable LoanLoans; and provided, further, provided further that in the event of any inconsistency between the Register and any Lender’s 's records, the recordations in the Register shall govern (absent manifest error thereinerror).
(iv) The Borrower, the Administrative Agent and the Lenders shall deem and treat the Persons listed as Lenders in the Register as the holders and owners of the corresponding Commitments and Loans listed therein for all purposes hereof, and no assignment or transfer of any such Commitment or Loan shall be effective, in each case unless and until an Assignment Agreement effecting the assignment or transfer thereof shall have been accepted by the Administrative Agent and recorded in the Register as provided in Section 8.1C. subsection 10.1B(ii). Prior to such recordation, all amounts owed with respect to the applicable Commitment or Loan shall be owed to the Lender listed in the Register as the owner thereof, and any request, authority or consent of any Person who, at the time of making such request or giving such authority or consent, is listed in the Register as a Lender shall be conclusive and binding on any subsequent holder, assignee or transferee of the corresponding Commitments or Loans.
(v) Borrower hereby designates CIBC to serve as Borrower's agent solely for purposes of maintaining the Register as provided in this subsection 2.1E, and Borrower hereby agrees that, to the extent CIBC serves in such capacity, CIBC and its officers, directors, employees, agents and Affiliates shall constitute Indemnitees for all purposes under subsection 10.3.
Appears in 1 contract
The Register. (i) The Administrative Agent shallshall maintain, acting solely for this purpose as a non-fiduciary agent of the Borrowerat its address referred to in subsection 9.8, maintain at the Funding and Payment Office a register (the "Register") for the recordation of the names and addresses of the Lenders and the principal amount Commitments and stated interest of the Loans and the Commitment of each Lender from time to time (the “Register”). The Register shall be available for inspection by the Borrower or any Lender at any reasonable time and from time to time upon reasonable prior notice.
(ii) The Administrative Agent shall record in the Register the Commitment and the Loans from time to time of each Lender, Lender and each repayment or prepayment in respect of the principal amount of such Loansthe Loans of each Lender. Any such Such recordation shall be conclusive and binding on the Borrower and each Lender, absent manifest error; provided that 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 the applicable Loans. The Register shall be available for inspection by Borrower or any applicable LoanLender at any reasonable time and from time to time upon reasonable prior notice.
(iiiii) Each Lender shall record on its internal records (orincluding, at such Lender’s optionwithout limitation, on the Note Notes held by such Lender) the amount of each Loan made by it and each payment in respect thereof. Any such recordation shall be conclusive and binding on the Borrower, absent manifest error; provided that 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 the applicable LoanLoans; and provided, further, provided further that in the event of any inconsistency between the Register and any Lender’s 's records, the recordations in the Register shall govern (absent manifest error therein)govern.
(iviii) The Borrower, the Administrative Agent and the Lenders shall deem and treat the Persons listed as Lenders in the Register as the holders and owners of the corresponding Commitments and Loans listed therein for all purposes hereof, and no assignment or transfer of any such Commitment or Loan shall be effective, effective in each case unless and until an Assignment Agreement effecting the assignment or transfer thereof shall have been accepted by the Administrative Agent and recorded in the Register as provided in Section 8.1C. subsection 9.1B(ii). Prior to such recordation, all amounts owed with respect to the applicable Commitment or Loan shall be owed to the Lender listed in the Register as the owner thereof, and any request, authority or consent of any Person who, at the time of making such request or giving such authority or consent, is listed in the Register as a Lender shall be conclusive and binding on any subsequent holder, assignee or transferee of the corresponding Commitments or Loans.
(iv) Borrower hereby designates Administrative Agent to serve as Borrower's agent solely for purposes of maintaining the Register as provided in this subsection 2.1E, and Borrower hereby agrees that, to the extent Administrative Agent serves in such capacity, Administrative Agent and its officers, directors, employees, agents and affiliates shall constitute Indemnitees for all purposes under subsection 9.3.
Appears in 1 contract
Samples: Credit Agreement (Atlas Air Inc)
The Register. (i) The Administrative Agent shallshall maintain, acting solely for this purpose as a non-fiduciary agent of the Borrowerat its address referred to in subsection 9.8, maintain at the Funding and Payment Office a register for the recordation of the names and addresses of the Lenders and the principal amount AXEL Commitments and stated interest of the Loans and the Commitment AXELs of each Lender from time to time (the “"Register”"). The Register shall be available for inspection by the Borrower Company or any Lender at any reasonable time and from time to time upon reasonable prior notice.
(ii) The Administrative Agent shall record in the Register the AXEL Commitment and the Loans AXELs from time to time of each Lender, Lender and each repayment or prepayment in respect of the principal amount of such Loansthe AXEL of each Lender. Any such recordation shall be conclusive and binding on the Borrower Company and each Lender, absent manifest error; provided that failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s Commitment 's Commitments or the Company's Obligations in respect of any applicable LoanAXELs.
(iii) Each Lender shall record on its internal records (or, at such Lender’s option, on including the Note AXEL Notes held by such Lender) the amount of each Loan the AXEL made by it and each payment in respect thereof. Any such recordation shall be conclusive and binding on the BorrowerCompany, absent manifest error; provided that failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s Commitment 's AXEL Commitments or the Company's Obligations in respect of any applicable Loan; AXELs and provided, further, further that in the event of any inconsistency between the Register and any Lender’s 's records, the recordations in the Register shall govern (absent manifest error therein).
govern. AXEL CREDIT AGREEMENT EXECUTION 39 46 (iv) The BorrowerCompany, the Administrative Agent and the Lenders shall deem and treat the Persons listed as Lenders in the Register as the holders and owners of the corresponding AXEL Commitments and Loans AXELs listed therein for all purposes hereof, and no assignment or transfer of any such AXEL Commitment or Loan AXEL shall be effective, in each case unless and until an Assignment Agreement effecting the assignment or transfer thereof shall have been accepted by the Administrative Agent and recorded in the Register as provided in Section 8.1C. subsection 9.1B(ii). Prior to such recordation, all amounts owed with respect to the applicable AXEL Commitment or Loan AXEL shall be owed to the Lender listed in the Register as the owner thereof, and any request, authority or consent of any Person who, at the time of making such request or giving such authority or consent, is listed in the Register as a Lender shall be conclusive and binding on any subsequent holder, assignee or transferee of the corresponding AXEL Commitments or LoansAXELs.
Appears in 1 contract
Samples: Credit Agreement (JCS Realty Corp)
The Register. (i) The Administrative Agent shallshall maintain, acting solely for this purpose as a non-fiduciary agent of the Borrowerat its address referred to in Section 9.6, maintain at the Funding and Payment Office a register for the recordation of the names and addresses of the Lenders and the principal amount Commitment and stated interest of the Loans and the Commitment of each Lender from time to time (the “Register”). The Register shall be available for inspection by the Borrower or any Lender at any reasonable time and from time to time upon reasonable prior notice.
(ii) The Administrative Agent shall record in the Register the Commitment and the Loans of each Lender, and each repayment or prepayment of the principal amount of such Loans. Any such recordation shall be conclusive and binding on the Borrower and each Lender, absent manifest error; provided that failure to make any such recordation, or any error in such recordation, shall not affect any LenderBorrower’s Commitment or the Obligations in respect of any the applicable LoanLoans.
(iii) Each Lender shall record on its internal records (orincluding, at such Lender’s optionwithout limitation, on the any Note held by such Lender) the amount of each Loan Loans made by it and each payment in respect thereof. Any such recordation shall be conclusive and binding on the Borrower, absent manifest error; provided that failure to make any such recordation, or any error in such recordation, shall not affect any LenderBorrower’s Commitment or the Obligations in respect of any applicable Loanthe 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 (absent manifest error therein)govern.
(iv) The Borrower, Borrower and each of the Administrative Agent and the Lenders Credit Parties shall deem and treat the Persons listed as Lenders in the Register as the holders and owners of the corresponding Commitments and Loans listed therein for all purposes hereof, and no assignment or transfer of any such Commitment or Loan Commitments and Loans shall be effective, in each case unless and until an Assignment Agreement effecting the assignment or transfer thereof shall have been accepted by the Administrative Agent and recorded in the Register as provided in Section 8.1C. 9.1(b)(ii). Prior to such recordation, all amounts owed with respect to the applicable Commitment or Loan Commitments and Loans shall be owed to the Lender Lenders listed in the Register as the owner owners thereof, and any request, authority authority, or consent of any Person who, at the time of making such request or giving such authority or consent, is listed in the Register as a Lender shall be conclusive and binding on any subsequent holder, assignee assignee, or transferee of the corresponding Commitments or and Loans.
(v) Borrower hereby designates Administrative Agent to serve as Borrower’s agent solely for purposes of maintaining the Register as provided in this Section 2.1(d), and Borrower hereby agrees that, to the extent Administrative Agent serves in such capacity, Administrative Agent and its Representatives shall constitute Indemnitees for all purposes under Section 9.2.
Appears in 1 contract
Samples: Credit Agreement (Trammell Crow Co)
The Register. (i) The Company hereby designates Administrative Agent shallto serve as its agent, acting solely for the purposes of this purpose as a non-fiduciary agent of the BorrowerSection 2.1D, maintain to maintain, at the Funding and Payment Office its address referred to in Section 10.7, a register for the recordation of the names and addresses of the Lenders and the principal amount Commitments and stated interest of the Loans and the Commitment (whether or not separately evidenced by one or more Notes) of each Lender from time to time (the “Register”). The Register shall be available for inspection by the Borrower Company or any Lender (in the case of any such Lender, only in respect of its Commitments and Obligations) at any reasonable time and from time to time upon reasonable prior notice.
(ii) The Administrative Agent shall record in the Register the Initial Term Loan Commitment and Revolving Loan Commitment and the Initial Term Loans and Revolving Loans from time to time of each Lender, the Swing Line Loan Commitment and the Swing Line Loans from time to time of Swing Line Lender, the Incremental Term Loan Commitment and Incremental Term Loans from time to time of each Incremental Term Loan Lender, and each repayment or prepayment in respect of the principal amount of such Loansthe Term Loans or Revolving Loans of each Lender, the Swing Line Loans of Swing Line Lender or the Incremental Term Loans of each Incremental Term Loan Lender. Any such recordation shall be conclusive and binding on the Borrower Company and each Lender, absent manifest clearly demonstrable error; provided that failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s Commitment Commitments or the Company’s Obligations in respect of any applicable LoanLoans.
(iii) Each Lender shall record on its internal records (or, at such Lender’s option, on the Note including any Notes held by such Lender) the amount of each Term Loan, Revolving Loan and Incremental Term Loan (if any) made by it and each payment in respect thereof. Any such recordation shall be conclusive and binding on the BorrowerCompany, absent manifest clearly demonstrable error; provided that failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s Commitment Commitments or the Company’s Obligations in respect of any applicable LoanLoans; and provided, further, further that in the event of any inconsistency between the Register and any Lender’s records, the recordations in the Register shall govern (absent manifest error therein)govern.
(iv) The BorrowerCompany, the Administrative Agent and the Lenders shall deem and treat the Persons listed as Lenders in the Register as the holders and owners of the corresponding Commitments and Loans listed therein for all purposes hereof, and no assignment or transfer of any such Commitment or the rights to the principal of, and interest on, any Loan shall be effective, in each case unless and until an Assignment Agreement effecting the assignment or transfer thereof shall have been accepted by the Administrative Agent and recorded in the Register as provided in Section 8.1C. 10.1B. Prior to such recordation, all amounts owed with respect to the applicable Commitment or Loan shall be owed to the Lender listed in the Register as the owner thereof, and any request, authority or consent of any Person who, at the time of making such request or giving such authority or consent, is listed in the Register as a Lender shall be conclusive and binding on any subsequent holder, assignee or transferee of the corresponding Commitments or Loans. Coincident with the delivery of such an Assignment Agreement to Administrative Agent for acceptance and registration of assignment or transfer of all or part of a Loan, or as soon thereafter as practicable, the assigning or transferor Lender shall surrender the Note (if any) evidencing such Loan, and thereupon one or more new Notes in the same aggregate principal amount shall be issued to the assigning or transferor Lender and/or the new Lender at the request of any such Lender.
(v) Company hereby designates Administrative Agent to serve as its agent solely for purposes of maintaining the Register as provided in this Section 2.1D, and Company hereby agrees that, to the extent Administrative Agent serves in such capacity, Administrative Agent and its officers, directors, employees, agents and Affiliates shall constitute Indemnified Persons for all purposes under Section 10.2.
Appears in 1 contract
Samples: Credit Agreement (Alliance HealthCare Services, Inc)
The Register. (i) The Administrative Agent shallshall maintain, acting solely for this purpose as a non-fiduciary agent of the Borrowerat its address referred to in subsection 10.7, maintain at the Funding and Payment Office a register for the recordation of the names and addresses of the Lenders and the principal amount Commitments and stated interest of the Loans and the Commitment (whether or not separately evidenced by one or more Notes) of each Lender from time to time (the “Register”"REGISTER"). The Register shall be available for inspection by the Borrower Borrowers or any Lender at any reasonable time and from time to time upon reasonable prior notice.
(ii) The Administrative Agent shall record in the Register the Tranche A Term Loan Commitment, Tranche B Term Loan Commitment, Tranche C Term Loan Commitment and Revolving Loan Commitment and the Tranche A Term Loans, Tranche B Term Loan, Tranche C Term Loan and Revolving Loans from time to time of each Lender, the Swing Line Loan Commitment and the Swing Line Loans from time to time of Swing Line Lender, the conversion of the Tranche C Term Loan of each Lender as a Tranche B Term Loan hereunder on the Restatement Closing Date and each repayment or prepayment in respect of the principal amount of such the Tranche A Term Loans, Tranche B Term Loan, or Revolving Loans of each Lender or the Swing Line Loans of Swing Line Lender. Any such recordation shall be conclusive and binding on the Borrower Borrowers and each Lender, absent manifest clearly demonstrable error; provided PROVIDED that failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s Commitment 's Commitments or the Borrowers' Obligations in respect of any applicable LoanLoans.
(iii) Each Lender shall record on its internal records (or, at such Lender’s option, on the Note including any Notes held by such Lender) the amount of the Tranche B Term Loan (including the amount of any Tranche C Term Loan converted to and maintained as a Tranche B Loan hereunder) and each Tranche A Term Loan and Revolving Loan made by it and each payment in respect thereof. Any such recordation shall be conclusive and binding on the BorrowerBorrowers, absent manifest clearly demonstrable error; provided PROVIDED that failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s Commitment 's Commitments or the any Borrower's Obligations in respect of any applicable LoanLoans; and providedPROVIDED, further, FURTHER that in the event of any inconsistency between the Register and any Lender’s 's records, the recordations in the Register shall govern (absent manifest error therein)govern.
(iv) The BorrowerBorrowers, the Administrative Agent and the Lenders shall deem and treat the Persons listed as Lenders in the Register as the holders and owners of the corresponding Commitments and Loans listed therein for all purposes hereof, and no assignment or transfer of any such Commitment or Loan shall be effective, in each case unless and until an Assignment Agreement effecting the assignment or transfer thereof shall have been accepted by the Administrative Agent and recorded in the Register as provided in Section 8.1C. subsection 10.1B(ii). Prior to such recordation, all amounts owed with respect to the applicable Commitment or Loan shall be owed to the Lender listed in the Register as the owner thereof, and any request, authority or consent of any Person who, at the time of making such request or giving such authority or consent, is listed in the Register as a Lender shall be conclusive and binding on any subsequent holder, assignee or transferee of the corresponding Commitments or Loans.
(v) Each Borrower hereby designates BTCo to serve as its agent solely for purposes of maintaining the Register as provided in this subsection 2.1D, and Borrowers hereby agree that, to the extent BTCo serves in such capacity, BTCo and its officers, directors, employees, agents and affiliates shall constitute Indemnitees for all purposes under subsection 10.3.
Appears in 1 contract
The Register. (i) The Administrative Agent shallshall maintain, acting solely for this purpose as a non-fiduciary agent of the Borrower, maintain at the Funding and Payment Office address referred to in subsection 10.8, a register for the recordation of the names and addresses of the Lenders and the principal amount Commitments and stated interest of the Loans and the Commitment of each Lender from time to time (the “"Register”"). The Register shall be available for inspection by the Borrower Company or any Lender at any reasonable time and from time to time upon reasonable prior notice.
(ii) The Administrative Agent shall record in the Register the Commitment Commitments and the outstanding Loans from time to time of each Lender, Lender and each repayment or prepayment in respect of the principal amount of such Loansthe outstanding Loans of each Lender. Any such recordation shall be conclusive and binding on the Borrower Company and each Lender, absent manifest error; provided that failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s Commitment or the Company's Obligations in respect of any the applicable LoanLoans.
(iii) Each Lender shall record on its internal records (orincluding, at such Lender’s optionwithout limitation, on the Note Notes held by such Lender) the amount of each Loan made by it and each payment in respect thereof. Any such recordation shall be conclusive and binding on prima facie evidence of the Borrower, absent manifest erroramount of such Loans; provided that failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s Commitment or the Company's Obligations in respect of any the applicable LoanLoans; and provided, further, further that in the event of any inconsistency between the Register and any Lender’s 's records, the recordations in the Register shall govern (govern, absent manifest error therein)error.
(iv) The BorrowerCompany, the Administrative Agent Agents and the Lenders shall deem and treat the Persons listed as Lenders in the Register as the holders and owners of the corresponding Commitments and Loans listed therein for all purposes hereof, and no assignment or transfer of any such Commitment or Loan shall be effective, in each case unless and until an Assignment Agreement effecting the assignment or transfer thereof shall have been accepted by the Administrative Agent and recorded in the Register as provided in Section 8.1C. subsection 00.xX(ii). Prior to such recordation, all amounts owed with respect to the applicable Commitment or Loan shall be owed to the Lender listed in the Register as the owner thereof, and any request, authority or consent of any Person who, at the time of making such request or giving such authority or consent, is listed in the Register as a Lender shall be conclusive and binding on any subsequent holder, assignee or transferee of the corresponding Commitments or Loans.
(v) Company hereby designates Chase, and any financial institution serving as a successor Administrative Agent, to serve as Company's agent solely for purposes of maintaining the Register as provided in this subsection 2.1D, and Company hereby agrees that, to the extent Chase serves in such capacity, Chase and its officers, directors, employees, agents and affiliates shall constitute Indemnities for all purposes under subsection 10.3.
Appears in 1 contract
Samples: Credit Agreement (Aurora Foods Inc)
The Register. (i) The Administrative Agent shallshall maintain, acting solely for this purpose as a non-fiduciary agent of the Borrowerat its address referred to in subsection 9.8, maintain at the Funding and Payment Office a register (the "REGISTER") for the recordation of the names and addresses of the Lenders and the principal amount and stated interest of the Loans and the Commitment of each Lender from time to time (and the “Register”)Administrative Agent shall record in the Register the Loans from time to time of each Lender and each repayment or prepayment in respect of the principal amount of the Loans of each Lender. Such recordation shall be conclusive and binding on the Borrower and each Lender, absent manifest error; PROVIDED, that failure to make any such recordation, or any error in such recordation, shall not affect the Borrower's Obligations in respect of the applicable Loans. The Register shall be available for inspection by the Borrower or by any Lender at any reasonable time and from time to time upon reasonable prior notice.
(ii) The Administrative Agent Each Lender shall record in on its internal records (including, without limitation, the Register Notes held by such Lender) the Commitment and the Loans amount of each Lender, Loan made by it and each repayment or prepayment of the principal amount of such Loanspayment in respect thereof. Any such recordation shall be conclusive and binding on the Borrower and each LenderBorrower, absent manifest error; provided PROVIDED, that 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 the applicable Loan.
(iii) Each Lender shall record on its internal records (or, at such Lender’s option, on the Note held by such Lender) the amount of each Loan made by it and each payment thereof. Any such recordation shall be conclusive and binding on the Borrower, absent manifest error; provided that failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s Commitment or the Obligations in respect of any applicable LoanLoans; and providedPROVIDED FURTHER, furtherthat, that in the event of any inconsistency between the Register and any Lender’s 's records, the recordations in the Register shall govern (absent manifest error therein)govern.
(iviii) The Borrower, the Administrative Agent and the Lenders shall deem and treat the Persons listed as Lenders in the Register as the holders and owners of the corresponding Commitments and Loans listed therein for all purposes hereof, and no assignment or transfer of any such Commitment or Loan shall be effective, effective in each any case unless and until an Assignment Agreement effecting the assignment or transfer thereof shall have been accepted by the Administrative Agent and recorded in the Register as provided in Section 8.1C. subsection 9.1B(ii). Prior to such recordation, all amounts owed with respect to the applicable Commitment or Loan shall be owed to the Lender listed in the Register as the owner thereof, and any request, authority or consent of any Person who, at the time of making such request or giving such authority or consent, is listed in the Register as a Lender shall be conclusive and binding on any subsequent holder, assignee or transferee of the corresponding Commitments or Loans.
(iv) The Borrower hereby designates the Administrative Agent to serve as the Borrower's agent solely for purposes of maintaining the Register as provided in this subsection 2.1C, and the Borrower hereby agrees that, to the extent that the Administrative Agent serves in such capacity, the Administrative Agent and its officers, directors, employees, agents and affiliates shall constitute Indemnitees for all purposes under subsection 9.3.
Appears in 1 contract
Samples: Credit Agreement (Atlas Air Worldwide Holdings Inc)
The Register. (i) The Administrative Agent shallshall maintain, acting solely for this purpose as a non-fiduciary agent of the Borrowerat its address referred to in subsection 10.8, maintain at the Funding and Payment Office a register for the recordation of the names and addresses of the Lenders and the principal amount Commitments and stated interest of the Loans and the Commitment of each Lender from time to time (the “Register”"REGISTER"). The Register shall be available for inspection by the Borrower Company or any Lender at any reasonable time and from time to time upon reasonable prior notice.
(ii) The Administrative Agent shall record in the Register the Acquisition Term Loan Commitment and Revolving Loan Commitment and the Acquisition Term Loan and Revolving Loans from time to time of each Lender, the Swing Line Loan Commitment and the Swing Line Loans from time to time of Swing Line Lender, and each repayment or prepayment in respect of the principal amount of such Loansthe Acquisition Term Loan or Revolving Loans of each Lender or the Swing Line Loans of Swing Line Lender. Any such recordation shall be conclusive and binding on the Borrower Company and each Lender, absent manifest error; provided that failure to make any such recordation, or any error in -------- such recordation, shall not affect any Lender’s Commitment 's Commitments or the Company's Obligations in respect of any applicable LoanLoans.
(iii) Each Lender shall record on its internal records (or, at such Lender’s option, on including the Note Notes held by such Lender) the amount of the Acquisition Term Loan and each Revolving Loan made by it and each payment in respect thereof. Any such recordation shall be conclusive and binding on the BorrowerCompany, absent manifest error; provided that failure to make any such recordation, or any error in -------- such recordation, shall not affect any Lender’s Commitment 's Commitments or the Company's Obligations in respect of any applicable LoanLoans; and provided, further, further that -------- ------- in the event of any inconsistency between the Register and any Lender’s 's records, the recordations in the Register shall govern (absent manifest error therein)error.
(iv) The BorrowerCompany, the Administrative Agent Agents and the Lenders shall deem and treat the Persons listed as Lenders in the Register as the holders and owners of the corresponding Commitments and Loans listed therein for all purposes hereof, and no assignment or transfer of any such Commitment or Loan shall be effective, in each case unless and until an Assignment Agreement effecting the assignment or transfer thereof shall have been accepted by the Administrative Agent and recorded in the Register as provided in Section 8.1C. subsection 10.1B(ii). Prior to such recordation, all amounts owed with respect to the applicable Commitment or Loan shall be owed to the Lender listed in the Register as the owner thereof, and any request, authority or consent of any Person who, at the time of making such request or giving such authority or consent, is listed in the Register as a Lender shall be conclusive and binding on any subsequent holder, assignee or transferee of the corresponding Commitments or Loans.
(v) Company hereby designates First Union to serve as Company's agent solely for purposes of maintaining the Register as provided in this subsection 2.1D, and Company hereby agrees that, to the extent First Union serves in such capacity, First Union and its officers, directors, employees, agents and affiliates shall constitute Indemnitees for all purposes under subsection 10.3.
Appears in 1 contract
Samples: Credit Agreement (Sandhills Inc)
The Register. (i) The Administrative Agent shallDIP Agent, acting for these purposes solely for this purpose as a non-fiduciary agent of the BorrowerBorrowers (it being acknowledged that DIP Agent, in such capacity, and its officers, directors, employees, agents and affiliates shall constitute Indemnitees under subsection 10.3), shall maintain (and make available for inspection by Borrowers and DIP Lenders upon reasonable prior notice at the Funding and Payment Office reasonable times) at its address referred to in subsection 10.8 a register for the recordation of of, and shall record, the names and addresses of the DIP Lenders and the principal amount Revolving A DIP Loan Commitment, Revolving B DIP Loan Commitment and stated interest of the Revolving A DIP Loans and the Commitment Revolving B DIP Loans of each DIP Lender from time to time (the “"Register”"). The Register shall be available for inspection by the Borrower or any Lender at any reasonable time and from time to time upon reasonable prior notice.
(ii) The Administrative Agent shall record in the Register the Commitment and the Loans of each LenderBorrowers, and each repayment or prepayment of the principal amount of such Loans. Any such recordation shall be conclusive and binding on the Borrower and each Lender, absent manifest error; provided that failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s Commitment or the Obligations in respect of any applicable Loan.
(iii) Each Lender shall record on its internal records (or, at such Lender’s option, on the Note held by such Lender) the amount of each Loan made by it and each payment thereof. Any such recordation shall be conclusive and binding on the Borrower, absent manifest error; provided that failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s Commitment or the Obligations in respect of any applicable Loan; and provided, further, that in the event of any inconsistency between the Register and any Lender’s records, the recordations in the Register shall govern (absent manifest error therein).
(iv) The Borrower, the Administrative DIP Agent and the DIP Lenders shall deem and treat the Persons listed as DIP Lenders in the Register as the holders and owners of the corresponding Commitments and Loans listed therein for all purposes hereof, and no assignment or transfer of any such Commitment or Loan shall be effective, in each case unless and until an Assignment Agreement effecting the assignment or transfer thereof shall have been accepted by the Administrative Agent and recorded in the Register as provided in Section 8.1C. Prior to such recordation, ; all amounts owed with respect to the applicable any Commitment or Loan shall be owed to the DIP Lender listed in the Register as the owner thereof, ; and any request, authority or consent of any Person who, at the time of making such request or giving such authority or consent, is listed in the Register as a DIP Lender shall be conclusive and binding on any subsequent holder, assignee or transferee of the corresponding Commitments or Loans. Each DIP Lender shall record on its internal records the amount of its Loans and Commitments and each payment in respect thereof, and any such recordation shall be conclusive and binding on Borrowers, absent manifest error, subject to the entries in the Register, which shall, absent manifest error, govern in the event of any inconsistency with any DIP Lender's records. Failure to make any recordation in the Register or in any DIP Lender's records, or any error in such recordation, shall not affect any Loans or Commitments or any DIP Obligations in respect of any Loans.
Appears in 1 contract
Samples: Debtor in Possession Credit Agreement (Farmland Industries Inc)
The Register. (i) The Administrative Agent shallshall maintain, acting solely for this purpose as a non-fiduciary agent of the Borrowerat its address referred to in section 11.12, maintain at the Funding and Payment Office a register for the recordation of the names and addresses of the Lenders and the principal amount Commitments and stated interest of the Loans and the Commitment of each Lender from time to time (the “"Register”"). The Register shall be available for inspection by the Borrower Borrowers or any Lender Party at any reasonable time and from time to time upon reasonable prior notice.
(ii) . The Administrative Agent shall record in the Register the Commitment of each Lender (and any reduction thereof), the date, the amount and the interest rate of each of the Interim Loan Advances from time to time, and of the Basic Loans, of each Lender and the date and amount of each repayment or prepayment in respect of the principal amount of the Loans of each Lender, and each repayment or prepayment of the principal amount of such Loans. Any such recordation shall shall, absent manifest error, be conclusive and binding on the Borrower Borrowers and each Lender, absent manifest error; provided that no failure to make any such recordation, or nor any error in such recordation, shall not affect any Lender’s 's Commitment or the Borrowers' Obligations in respect of any applicable Loan.
(iii) Loans. Each Lender shall record on its internal records (or, at such Lender’s option, on including the Note held by such Lender) the amount of each Loan made by it and each payment or prepayment in respect thereof. Any such recordation shall shall, absent manifest error, be conclusive and binding on the Borrower, absent manifest errorBorrowers; provided that no failure to make or error in making any such recordation, or any error in such recordation, recordation shall not affect any Lender’s 's Commitment or the Borrowers' Obligations in respect of any applicable LoanLoans; and provided, further, that in the event of any inconsistency between the Register and any Lender’s 's records, the recordations in the Register shall govern (absent manifest error therein).
(iv) govern. The Borrower, the Administrative Agent and the Lenders shall deem and treat the Persons listed as Lenders in the Register as the holders and owners of the corresponding Commitments and Loans listed therein for all purposes hereof, and no assignment or transfer of any such Commitment or Loan shall be effective, effective in each any case unless and until an Assignment Agreement a proper instrument of assignment effecting the assignment or transfer thereof shall have been accepted by the Administrative Agent and recorded in the Register as provided in Section 8.1C. Agent. Prior to such recordation, all amounts owed with respect to the applicable Commitment or Loan shall be owed to the Lender listed in the Register as the owner thereof, and any request, authority or consent of any Person who, at the time of making such request or giving such authority or consent, is listed in the Register as a Lender shall be conclusive and binding on any subsequent holder, assignee or transferee of the corresponding Commitments Commitment or Loans.
Appears in 1 contract
Samples: Term Loan and Security Agreement (Grand Canal Shops Mall Construction LLC)
The Register. (i) The Administrative Agent shallAgent, acting solely for this purpose as a non-fiduciary agent of the BorrowerCompany, maintain shall maintain, at the Funding and Payment Office its address referred to in subsection 10.8, a register for the recordation of the names and addresses of the Lenders and the principal amount Commitments and stated interest of the Loans and the Commitment of each Lender from time to time (the “Register”). The Register shall be available for inspection by the Borrower Company or any Lender at any reasonable time and from time to time upon reasonable prior notice.
(ii) The Administrative Agent shall record in the Register the Term Loan Commitment and the Loans Term Loan of each Term Lender, the Revolving Loan Commitment and the Revolving Loans from time to time of each Revolving Lender, the Swing Line Loan Commitment and the Swing Line Loans from time to time of Swing Line Lender and each repayment or prepayment in respect of the principal amount of such Loansthe Term Loan of each Term Lender, the Revolving Loans of each Revolving Lender or the Swing Line Loans of Swing Line Lender. Any such recordation shall be conclusive and binding on the Borrower Company and each Lender, absent manifest error; provided that failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s Commitment Commitments or the Company’s Obligations in respect of any applicable LoanLoans.
(iii) Each Lender shall record on its internal records (or, at such Lender’s option, on the Note including any Notes held by such Lender) the amount of the Term Loan and each Revolving Loan made by it and each payment in respect thereof. Any such recordation shall be conclusive and binding on the BorrowerCompany, absent manifest error; provided that failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s Commitment Commitments or the Company’s Obligations in respect of any applicable LoanLoans; and provided, further, that in the event of any inconsistency between the Register and any Lender’s records, the recordations in the Register shall govern (absent manifest error therein)govern.
(iv) The BorrowerCompany, the Administrative Agent and the Lenders shall deem and treat the Persons listed as Lenders in the Register as the holders and owners of the corresponding Commitments and Loans listed therein for all purposes hereof, and no assignment or transfer of any such Commitment or Loan shall be effective, in each case unless and until an Assignment Agreement effecting the assignment or transfer thereof shall have been accepted by the Administrative Agent and recorded in the Register as provided in Section 8.1C. subsection 10.1B(ii). Prior to such recordation, all amounts owed with respect to the applicable Commitment or Loan shall be owed to the Lender listed in the Register as the owner thereof, and any request, authority or consent of any Person who, at the time of making such request or giving such authority or consent, is listed in the Register as a Lender shall be conclusive and binding on any subsequent holder, assignee or transferee of the corresponding Commitments or Loans.
(v) Company hereby designates Credit Suisse to serve as Company’s agent solely for purposes of maintaining the Register as provided in this subsection 2.1D, and Company hereby agrees that, to the extent Credit Suisse serves in such capacity, Credit Suisse and its officers, directors, employees, agents and affiliates shall constitute Indemnitees for all purposes under subsection 10.3.
Appears in 1 contract
The Register. (i) The Administrative Agent shallAgent, acting solely for this purpose these purposes as a non-fiduciary an agent of the BorrowerCompany (and such agency being solely for tax purposes) (it being acknowledged that Administrative Agent (and any sub-agent), in such capacity, its Affiliates and its and its Affiliates’ partners, officers, directors, employees, agents, trustees and advisors shall constitute Indemnitees under subsection 10.3), shall maintain (and make available for inspection by Company and Lenders upon reasonable prior notice at the Funding and Payment Office reasonable times at its address referred to in subsection 10.8) a register for the recordation of of, and shall record, the names and addresses of the Lenders and the principal amount and stated interest respective amounts of the Tranche A Term Loan Commitment, Revolving Loan Commitment, Swing Line Loan Commitment, Incremental Term Loan Commitments, Incremental Revolving Loan Commitments, Tranche A Term Loans, Revolving Loans, Swing Line Loans, Incremental Term Loans and the Commitment Incremental Revolving Loans of each Lender from time to time (the “Register”). The Register shall be available for inspection by the Borrower or any Lender at any reasonable time and from time to time upon reasonable prior notice.
(ii) The Administrative Agent shall record in the Register the Commitment and the Loans of each Lender, and each repayment or prepayment of the principal amount of such Loans. Any such recordation shall be conclusive and binding on the Borrower and each Lender, absent manifest error; provided that failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s Commitment or the Obligations in respect of any applicable Loan.
(iii) Each Lender shall record on its internal records (or, at such Lender’s option, on the Note held by such Lender) the amount of each Loan made by it and each payment thereof. Any such recordation shall be conclusive and binding on the Borrower, absent manifest error; provided that failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s Commitment or the Obligations in respect of any applicable Loan; and provided, further, that in the event of any inconsistency between the Register and any Lender’s records, the recordations entries in the Register shall govern be conclusive (absent manifest error thereinerror).
(iv) The Borrower, the Company, Administrative Agent and the Lenders shall deem and treat the Persons listed as Lenders in the Register as the holders and owners of the corresponding Commitments and Loans listed therein for all purposes hereof, and no assignment or transfer of any such Commitment or Loan shall be effective, in each case unless and until an Assignment Agreement effecting the assignment or transfer thereof shall have been accepted by the Administrative Agent and recorded in the Register as provided in Section 8.1C. Prior to such recordation, ; all amounts owed with respect to the applicable any Commitment or Loan shall be owed to the Lender listed in the Register as the owner thereof, ; and any request, authority or consent of any Person who, at the time of making such request or giving such authority or consent, is listed in the Register as a Lender shall be conclusive and binding on any subsequent holder, assignee or transferee of the corresponding Commitments or Loans. Each Lender shall record on its internal records the amount of its Loans and Commitments and each payment in respect hereof, and any such recordation shall be conclusive and binding on Company, absent manifest error, subject to the entries in the Register, which shall, absent manifest error, govern in the event of any inconsistency with any Lender’s records. Failure to make any recordation in the Register or in any Lender’s records, or any error in such recordation, shall not affect any Loans or Commitments or any Obligations in respect of any Loans. In addition, Administrative Agent shall maintain on the Register information regarding the designation, and revocation of designation, of any Lender as a Defaulting Lender (and as a Voting Defaulting Lender).
Appears in 1 contract
Samples: Credit Agreement (Hexcel Corp /De/)
The Register. (i) The Administrative Agent shallshall maintain, acting solely for this purpose as a non-fiduciary agent of the Borrowerat its address referred to in subsection 10.8, maintain at the Funding and Payment Office a register for the recordation of the names and addresses of the Lenders and the principal amount Commitments and stated interest of the Revolving Loans and the Commitment of each Lender from time to time (the “Register”"REGISTER"). The Register shall be available for inspection by the Borrower Company or any Lender at any reasonable time and from time to time upon reasonable prior notice.
(ii) The Administrative Agent shall record in the Register the Revolving Loan Commitment and the Revolving Loans from time to time of each Lender, and each repayment or prepayment in respect of the principal amount of such Loansthe Revolving Loans of each Lender. Any such recordation shall be conclusive and binding on prima facie evidence of the Borrower and each Lender, absent manifest erroramount of such Loans; provided that failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s Commitment 's Commitments or the Company's Obligations in respect of any applicable LoanRevolving Loans.
(iii) Each Lender shall record on its internal records (or, at such Lender’s option, on including the Note Revolving Notes held by such Lender) the amount of each Revolving Loan made by it and each payment in respect thereof. Any such recordation shall be conclusive and binding on prima facie evidence of the Borrower, absent manifest erroramount of such Loans; provided that failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s Commitment 's Commitments or the Company's Obligations in respect of any applicable LoanRevolving Loans; and provided, further, further that in the event of any inconsistency between the Register and any Lender’s 's records, the recordations in the Register shall govern (absent manifest error therein)govern.
(iv) The BorrowerCompany, the Administrative Agent and the Lenders shall deem and treat the Persons listed as Lenders in the Register as the holders and owners of the corresponding Commitments and Revolving Loans listed therein for all purposes hereof, and no assignment or transfer of any such Commitment or Revolving Loan shall be effective, in each case unless and until an Assignment Agreement effecting the assignment or transfer thereof shall have been accepted by the Administrative Agent and recorded in the Register as provided in Section 8.1C. subsection 10.1B(ii). Prior to such recordation, all amounts owed with respect to the applicable Commitment or Revolving Loan shall be owed to the Lender listed in the Register as the owner thereof, and any request, authority or consent of any Person who, at the time of making such request or giving such authority or consent, is listed in the Register as a Lender shall be conclusive and binding on any subsequent holder, assignee or transferee of the corresponding Commitments or Revolving Loans.
(v) Company hereby designates BankBoston to serve as Company's agent solely for purposes of maintaining the Register as provided in this subsection 2.1D, and Company hereby agrees that, to the extent BankBoston serves in such capacity, BankBoston and its officers, directors, employees, agents and affiliates shall constitute Indemnitees for all purposes under subsection 10.3.
Appears in 1 contract
Samples: Credit Agreement (Zilog Inc)
The Register. (ia) The Administrative Agent shall, acting solely for this purpose as a non-fiduciary agent of the Borrower, shall maintain at the Funding and Payment Office a register for the recordation of the names and addresses of the Lenders and the principal amount and stated interest of the Loans and the Commitment of each Lender from time to time (the each, a “Register”), which shall include a master account and a subsidiary account for each applicable Lender and in which accounts (taken together) shall be recorded (i) the date and amount of each Borrowing made hereunder, the Type of each Loan comprising such Borrowing and any Interest Period applicable thereto, (ii) the effective date and amount of each Assignment and Acceptance delivered to and accepted by it and the parties thereto, (iii) the amount of any principal or interest due and payable or to become due and payable from the Borrower to each Lender hereunder or under the notes payable by the Borrower to such Lender, and (iv) the amount of any sum received by the Agent from the Borrower or any other Obligor and each Lender’s ratable share thereof. The Each Register shall be available for inspection by the Borrower or any applicable Lender (with respect to its own Loans and Commitments only) at the respective offices of the Agent at any reasonable time and from time to time upon reasonable prior notice.
(ii) The Administrative . Any failure of the Agent shall to record in the Register the Commitment and the Loans of each Lender, and each repayment or prepayment of the principal amount of such Loans. Any such recordation shall be conclusive and binding on the Borrower and each Lender, absent manifest error; provided that failure to make any such recordationapplicable Register, or any error in such recordationdoing so, shall not limit or otherwise affect the obligation of the Borrower hereunder (or under any Lender’s Commitment Loan Document) to pay any amount owing with respect to the Loans or provide the Obligations in respect basis for any claim against the Agent. The Loans and Letters of Credit are registered obligations and the right, title and interest of any Lender and their assignees in and to such Loans and Letters of Credit as the case may be, shall be transferable only upon notation of such transfer in the applicable Loan.
Register. Upon the request of any Lender made through the Agent, the Borrower shall execute and deliver to such Lender (iiithrough the Agent) Each Lender a Note payable to such Lender, which shall record on its internal records (or, at evidence such Lender’s optionLoans in addition to such accounts or records. Each Lender may attach schedules to its Note and endorse thereon the date, on Type (if applicable), amount and maturity of its Loans and payments with respect thereto. Solely for purposes of this Section 13.20 and for Tax purposes only, the Note held by such Lender) the amount of each Loan made by it and each payment thereof. Any such recordation Agent shall be conclusive and binding on the Borrower, absent manifest error; provided that failure ’s agent for purposes of maintaining the applicable Register (but the Agent shall have no liability whatsoever to make any such recordation, the Borrower or any error in such recordation, shall not affect any Lender’s Commitment or the Obligations in respect other Person on account of any applicable Loan; and provided, further, that inaccuracies contained in the event applicable Register). This Section 13.20 shall be construed so that the Loans and Letters of any inconsistency between Credit are at all times maintained in “registered form” within the Register meaning of Sections 163(f), 871(h)(2) and 881(c)(2) of the Internal Revenue Code and any Lender’s records, related regulations (and any other relevant or successor provisions of the recordations in the Register shall govern (absent manifest error thereinInternal Revenue Code or such regulations).
(ivb) The BorrowerIn the event that any Lender sells participations in any Loan, Commitment or other interest of such Lender hereunder or under any other Loan Document, such Lender shall maintain a register on which it enters the Administrative Agent name of all participants in the Loans held by it and the Lenders shall deem principal amount (and treat the Persons listed as Lenders in the Register as the holders and owners stated interest thereon) of the corresponding portion of the Loans or Commitments which are the subject of the participation (the “Participant Register”). A Loan or Commitment may be participated in whole or in part only by registration of such participation on the Participant Register (and each note shall expressly so provide). Any participation of such Loans listed therein for or Commitments may be effected only by the registration of such participation on the Participant Register. No Lender shall have any obligation to disclose all purposes hereof, and no assignment or transfer any portion of the Participant Register to any Person (including the identity of any Participant or any information relating to a Participant’s interest in any Commitments, Loans, Letters of Credit or its other obligations under any Loan Document) except to the extent that such Commitment disclosure is necessary to establish that such Commitment, Loan, Letter of Credit or Loan other obligation is in registered form under Section 45.103-1(c) of the United States Treasury Regulations.
(c) Each of the Registers shall be effective, in each case unless and until an Assignment Agreement effecting the assignment or transfer thereof shall have been accepted maintained by the Administrative Agent and recorded in the Register as provided in Section 8.1C. Prior to such recordation, all amounts owed with respect to the applicable Commitment or Loan shall be owed to the Lender listed in the Register as the owner thereof, and any request, authority or consent of any Person who, at the time of making such request or giving such authority or consent, is listed in the Register as a Lender shall be conclusive and binding on any subsequent holder, assignee or transferee non-fiduciary agent of the corresponding Commitments or LoansBorrower.
Appears in 1 contract
The Register. (i) The Administrative Agent shall(or its agent or sub-agent appointed by it) shall maintain, acting solely as agent for this purpose as a non-fiduciary agent of the Borrower, maintain at the Funding and Payment Office its address referred to in subsection 10.9, a register for the recordation of the names and addresses of the Lenders and the principal amount Commitments and stated interest of the Loans and the Commitment of each Lender from time to time (the “Register”). The Register Register, as in effect at the close of business on the preceding Business Day, shall be available for inspection by the Borrower or any Lender at any reasonable time and from time to time upon reasonable prior notice.
(ii) The Administrative Agent shall record record, or shall cause to be recorded, in the Register the Commitment and the Loans (in accordance with the provisions of Section 10.1) from time to time of each Lender, and each repayment or prepayment in respect of the principal amount of such Loansthe Loans of each Lender. Any such recordation shall be conclusive and binding on the Borrower and each Lender, absent manifest error; provided that failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s Commitment Commitments or the Obligations of any Loan Party in respect of any applicable LoanLoans.
(iii) Each Lender shall record on its internal records (or, at such Lender’s option, on including the Note Notes held by such Lender) the amount of each Loan made by it and each payment in respect thereof. Any such recordation shall be conclusive and binding on the Borrower, absent manifest error; provided that failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s Commitment Commitments or the Obligations of any Loan Party in respect of any applicable LoanLoans; and provided, further, further that in the event of any inconsistency between the Register and any Lender’s records, the recordations in the Register shall govern (absent manifest error therein)govern.
(iv) The Borrower, the Administrative Agent and the Lenders shall deem and treat the Persons listed as Lenders in the Register as the holders and owners of the corresponding Commitments and Loans listed therein for all purposes hereof, and no assignment or transfer of any such Commitment or Loan shall be effective, in each case unless and until an Assignment Agreement effecting the assignment or transfer thereof shall have been accepted by the Administrative Agent and recorded in the Register as provided in Section 8.1C. subsection 10.1B(ii). Prior to such recordation, all amounts owed with respect to the applicable Commitment or Loan shall be owed to the Lender listed in the Register as the owner thereof, and any request, authority or consent of any Person who, at the time of making such request or giving such authority or consent, is listed in the Register as a Lender shall be conclusive and binding on any subsequent holder, assignee or transferee of the corresponding Commitments or Loans.
Appears in 1 contract
The Register. (i) The Administrative Agent shallshall maintain, acting solely for this purpose as a non-fiduciary agent of the Borrowerat its address referred to in subsection 10.8, maintain at the Funding and Payment Office a register for the recordation of the names and addresses of the Lenders and the principal amount Commitments and stated interest of the Loans and the Commitment of each Lender from time to time (the “Register”). The Register shall be available for inspection by the Borrower Company or any Lender at any reasonable time and from time to time upon reasonable prior notice.
(ii) The Administrative Agent shall record in the Register the Revolving Loan Commitment and Revolving Loans from time to time of each Lender, the Swing Line Loan Commitment and the Swing Line Loans from time to time of each Swing Line Lender, and each repayment or prepayment in respect of the principal amount of such Loansthe Revolving Loans of each Lender or the Swing Line Loans of Swing Line Lender. Any such recordation shall be conclusive and binding on the Borrower Company and each Lender, absent manifest error; provided that failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s Commitment Commitments or the Company’s Obligations in respect of any applicable LoanLoans.
(iii) Each Lender shall record on its internal records (orincluding the Notes, at such Lender’s optionif any, on the Note held by such Lender) the amount of each Revolving Loan made by it and each payment in respect thereof. Any such recordation shall be conclusive and binding on the BorrowerCompany, absent manifest error; provided that failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s Commitment Commitments or the Company’s Obligations in respect of any applicable LoanLoans; and provided, further, further that in the event of any inconsistency between the Register and any Lender’s records, the recordations in the Register shall govern (absent manifest error therein)govern.
(iv) The BorrowerCompany, the Administrative Agent and the Lenders shall deem and treat the Persons listed as Lenders in the Register as the holders and owners of the corresponding Commitments and Loans listed therein for all purposes hereof, and no assignment or transfer of any such Commitment or Loan shall be effective, in each case unless and until an Assignment Agreement effecting the assignment or transfer thereof shall have been accepted by the Administrative Agent and recorded in the Register as provided in Section 8.1C. subsection 10.1B(ii). Prior to such recordation, all amounts owed with respect to the applicable Commitment or Loan shall be owed to the Lender listed in the Register as the owner thereof, and any request, authority or consent of any Person who, at the time of making such request or giving such authority or consent, is listed in the Register as a Lender shall be conclusive and binding on any subsequent holder, assignee or transferee of the corresponding Commitments or Loans.
(v) Company hereby affirms its designation of Xxxxx Fargo to serve as Company’s agent solely for purposes of maintaining the Register as provided in this subsection 2.1D, and Company hereby agrees that, to the extent Xxxxx Fargo serves in such capacity, Xxxxx Fargo and its officers, directors, employees, agents and affiliates shall constitute Indemnitees for all purposes under subsection 10.3.
Appears in 1 contract
The Register. (i) The Administrative Agent shallshall maintain, acting solely for this purpose as a non-fiduciary agent of the Borrowerat its address referred to in subsection 10.8, maintain at the Funding and Payment Office a register for the recordation of the names and addresses of the Lenders and the principal amount and stated interest of the Loans Lenders, and the Commitment and Loans of each Lender from time to time (the “Register”). The Register shall be available for inspection by the Borrower or any Lender (but only as to such Lender’s entry in the Register) at any reasonable time and from time to time upon reasonable prior notice.
(ii) The Administrative Agent shall record in the Register the Commitment and the Loans (including the principal amounts thereof and interest owing thereon) from time to time of each Lender, Lender and each repayment or prepayment in respect of the principal amount and interest of such Loansthe Loans of each Lender. Any such recordation shall be conclusive and binding on the Borrower and each Lender, absent manifest or demonstrable error; provided that failure to make any such recordation, or any error in such recordation, shall not affect any LenderBorrower’s Commitment or the Obligations in respect of any the applicable LoanLoans.
(iii) Each Lender shall record on its internal records (orincluding, at such Lender’s optionwithout limitation, on the any Note held by such Lender) the amount of each Loan made by it and each payment in respect thereof. Any such recordation shall be conclusive and binding on the BorrowerBorrower and such Lender, absent manifest or demonstrable error; provided that failure to make any such recordation, or any error in such recordation, shall not affect any LenderBorrower’s Commitment or the Obligations in respect of any the applicable LoanLoans; and provided, further, further that in the event of any inconsistency between the Register and any Lender’s records, the recordations in the Register shall govern (absent manifest error therein)govern.
(iv) The Borrower, the Administrative Agent and the Lenders shall deem and treat the Persons listed as Lenders in the Register as the holders and owners of the corresponding Commitments and Loans listed therein for all purposes hereof, and no assignment or transfer of any such Commitment or Loan shall be effective, in each case unless and until an Assignment Agreement effecting the assignment or transfer thereof shall have been accepted by the Administrative Agent and recorded in the Register as provided in Section 8.1C. subsection 10.1B(ii). Prior to such recordation, all amounts owed with respect to the applicable Commitment or Loan shall be owed to the Lender listed in the Register as the owner thereof, and any request, authority or consent of any Person who, at the time of making such request or giving such authority or consent, is listed in the Register as a Lender shall be conclusive and binding on any subsequent holder, assignee or transferee of the corresponding Commitments Commitment or LoansLoan.
(v) Borrower hereby designates Administrative Agent to serve as its Agent solely for purposes of maintaining the Register as provided in this subsection 2.1D, and Borrower hereby agrees that, to the extent Administrative Agent serves in such capacity, Administrative Agent and its officers, directors, employees, agents and affiliates shall constitute Indemnitees for all purposes under subsection 10.3.
Appears in 1 contract
Samples: Term Credit Agreement (Safeway Inc)
The Register. (i) The Administrative Agent shallshall maintain, acting solely for this purpose as a non-fiduciary agent of the Borrowerat its address referred to in subsection 10.8, maintain at the Funding and Payment Office a register for the recordation of the names and addresses of the Lenders and the principal amount Commitments and stated interest of the Loans and the Commitment of each Lender from time to time (the “Register”). The Register shall be available for inspection by the Borrower or any Lender at any reasonable time and from time to time upon reasonable prior notice.
(ii) The Administrative Agent shall record in the Register the Term Loan Commitments, Revolving Loan Commitment and Swing Line Loan Commitment and the Term Loans and Revolving Loans from time to time of each Lender and Swing Line Loans from time to time of Swing Line Lender, and each repayment or prepayment in respect of the principal amount of such Loansthe Term Loans or Revolving Loans of each Lender or the Swing Line Loans of Swing Line Lender. Any such recordation shall be conclusive and binding on the Borrower and each Lender, absent manifest error; provided that failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s Commitment Commitments or the Borrower’s Obligations in respect of any applicable LoanLoans.
(iii) Each Lender shall record on its internal records (or, at such Lender’s option, on including the Note Notes held by such Lender) the amount of any Term Loan and each Revolving Loan made by it and each payment in respect thereof. Any such recordation shall be conclusive and binding on the Borrower, absent manifest error; provided that failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s Commitment Commitments or the Borrower’s Obligations in respect of any applicable LoanLoans; 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 (absent manifest error thereinerror).
(iv) The Borrower, the Administrative Agent and the Lenders shall deem and treat the Persons listed as Lenders in the Register as the holders and owners of the corresponding Commitments and Loans listed therein for all purposes hereof, and no assignment or transfer of any such Commitment or Loan shall be effective, in each case unless and until an Assignment Agreement effecting the assignment or transfer thereof shall have been accepted by the Administrative Agent and recorded in the Register as provided in Section 8.1C. subsection 10.1 B(ii). Prior to such recordation, all amounts owed with respect to the applicable Commitment or Loan shall be owed to the Lender listed in the Register as the owner thereof, and any request, authority or consent of any Person who, at the time of making such request or giving such authority or consent, is listed in the Register as a Lender shall be conclusive and binding on any subsequent holder, assignee or transferee of the corresponding Commitments or Loans.
(v) Borrower hereby designates Xxxxx Fargo to serve as Borrower’s agent solely for purposes of maintaining the Register as provided in this subsection 2.1D, and Borrower hereby agrees that, to the extent Xxxxx Fargo serves in such capacity, Xxxxx Fargo and its officers, directors, employees, agents and Affiliates shall constitute Indemnitees for all purposes under subsection 10.3.
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The Register. (i) The Administrative Agent shallshall maintain, acting solely for this purpose as a non-fiduciary agent of the Borrowerat its address referred to in subsection 10.8, maintain at the Funding and Payment Office a register for the recordation of the names and addresses of the Lenders and the principal amount Commitments and stated interest of the Loans and the Commitment of each Lender from time to time (the “"Register”"). The Register shall be available for -------- inspection by the Borrower Company or any Lender at any reasonable time and from time to time upon reasonable prior notice.
(ii) The Administrative Agent shall record in the Register the Commitment Commitments and the outstanding Loans from time to time of each Lender, Lender and each repayment or prepayment in respect of the principal amount of such Loansthe outstanding Loans of each Lender. Any such recordation shall be conclusive and binding on the Borrower Company and each Lender, absent manifest error; provided that failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s Commitment or the Company's Obligations in respect of any the applicable LoanLoans.
(iii) Each Lender shall record on its internal records (or, at such Lender’s option, on the Note held by such Lender) the amount of each Loan made by it and each payment in respect thereof. Any such recordation shall be conclusive and binding on the BorrowerCompany, absent manifest error; provided that failure to make any such recordation, or any error in -------- such recordation, shall not affect any Lender’s Commitment or the Company's Obligations in respect of any the applicable LoanLoans; and provided, further, that in the event of any -------- ------- inconsistency between the Register and any Lender’s 's records, the recordations in the Register shall govern (absent manifest error therein)with respect to the Register.
(iv) The BorrowerCompany, the Administrative Agent and the Lenders shall deem and treat the Persons listed as the Lenders in the Register as the holders and owners of the corresponding Commitments and Loans listed therein for all purposes hereof, and no assignment or transfer of any such Commitment or Loan shall be effective, in each case unless and until an Assignment Agreement effecting the assignment or transfer thereof shall have been accepted by the Administrative Agent and recorded in the Register as provided in Section 8.1C. subsection 10.1B(ii). Prior to such recordation, all amounts owed with respect to the applicable Commitment or Loan shall be owed to the Lender listed in the Register as the owner thereof, and any request, authority or consent of any Person who, at the time of making such request or giving such authority or consent, is listed in the Register as a Lender shall be conclusive and binding on any subsequent holder, assignee or transferee of the corresponding Commitments or Loans.
(v) Company hereby designates CSFB and any financial institution serving as a successor Administrative Agent to serve as Company's agent solely for purposes of maintaining the Register as provided in this subsection 2.1D, and Company hereby agrees that, to the extent CSFB serves in such capacity, CSFB and its officers, directors, employees, agents and affiliates shall constitute Indemnitees for all purposes under subsection 10.3.
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Samples: Credit Agreement (Chippac Inc)