Common use of Participant Register Clause in Contracts

Participant Register. Each Lender that sells a participation shall, acting solely for this purpose as a non-fiduciary agent of Borrowers, maintain a register in which it enters the Participant's name and address and the principal amounts of and stated interest on the Participant's interest in the Commitments and Loans the "Participant Register"). Entries in the Participant Register shall be conclusive, absent manifest error, and such Lender shall treat each Person recorded in the Participant Register as the owner of the applicable participation for all purposes, notwithstanding any notice to the contrary. No Lender shall have an obligation to disclose any information in the Participant Register except to the extent necessary to establish that a Participant's interest is in registered form under Section 5f.103-1(c) of the United States Treasury Regulations. For the avoidance of doubt, the Agent (in its capacity as Agent) shall have no responsibility for maintaining a Participant Register.

Appears in 6 contracts

Sources: Financing Agreement (Select Interior Concepts, Inc.), Financing Agreement (Select Interior Concepts, Inc.), Financing Agreement (Select Interior Concepts, Inc.)

Participant Register. Each Lender that sells a participation shall, acting solely for this purpose as a non-fiduciary agent of Borrowers, maintain a register in which it enters the Participant's ’s name and address and the principal amounts of and stated interest on the Participant's ’s interest in the Commitments and Loans the "Participant Register"). Entries in the Participant Register shall be conclusive, absent manifest error, and such Lender shall treat each Person recorded in the Participant Register as the owner of the applicable participation for all purposes, notwithstanding any notice to the contrary. No Lender shall have an obligation to disclose any information in the Participant Register except to the extent necessary to establish that a Participant's ’s interest is in registered form under Section 5f.103-1(c) of the United States Treasury Regulations. For the avoidance of doubt, the Agent (in its capacity as Agent) shall have no responsibility for maintaining a Participant Register.

Appears in 4 contracts

Sources: Financing Agreement (Select Interior Concepts, Inc.), Financing Agreement (Select Interior Concepts, Inc.), Financing Agreement (Select Interior Concepts, Inc.)

Participant Register. Each Lender that sells a participation shall, acting solely for this purpose as a non-fiduciary agent of BorrowersBorrowers (solely for tax purposes), maintain a register ("Participant Register") in which it enters the Participant's name and ’s name, address and the principal amounts of and stated interest on the Participant's interest in the Commitments and Loans the "Participant Register")(and stated interest) and LC Obligations. Entries in the Participant Register shall be conclusive, absent manifest error, and such Lender shall treat each Person recorded in the Participant Register as the owner of the applicable participation for all purposes, notwithstanding any notice or knowledge to the contrary. No Lender shall have an obligation to disclose any information in the such Participant Register except to the extent necessary to establish that a Participant's ’s interest is in registered form under Section 5f.103-1(c) of the United States Treasury RegulationsCode. For the avoidance of doubt, the Agent (in its capacity as Agent) shall have no responsibility for maintaining a Participant Register.

Appears in 2 contracts

Sources: Loan, Security and Guarantee Agreement (National CineMedia, Inc.), Loan, Security and Guarantee Agreement (Applied Optoelectronics, Inc.)

Participant Register. Each Lender that sells a participation shall, acting solely for this purpose as a non-fiduciary agent of Borrowers, maintain a register in which it enters the Participant's name and ’s name, address and the principal amounts of interest in Revolver Commitments, Revolver Loans (and stated interest on the Participant's interest in the Commitments interest) and Loans the "Participant Register")LC Obligations. Entries in the Participant Register register shall be conclusive, absent manifest error, and such Lender shall treat each Person recorded in the Participant Register register as the owner of the applicable participation for all purposes, notwithstanding any notice to the contrary. The parties hereto agree and intend that the LC Obligations shall be treated as being in “registered form” for the purposes of the Code. No Lender shall have an obligation to disclose any information in the Participant Register such register except to the extent necessary to establish that a Participant's ’s interest is in registered form under Section 5f.103-1(c) of the United States Treasury RegulationsCode. For the avoidance of doubt, the Agent (in its capacity as Agent) shall have no responsibility for maintaining a Participant Registerregister.

Appears in 1 contract

Sources: Loan and Security Agreement (Hydrofarm Holdings Group, Inc.)