Common use of Registration of Note Clause in Contracts

Registration of Note. A-1, Note A-2, Note A-3, Note A-4 and Note A-5. The Agent shall keep or cause to be kept at the Agent Office books (the “Note Register”) for the registration and transfer of the Notes. The Agent shall serve as the initial Note registrar and the Agent hereby accepts such appointment. The names and addresses of the holders of the Notes, the principal amount (and stated interest) of the Notes owing to each Holder and the names and addresses of any transferee of any Note of which the Agent has received notice, in the form of a copy of the assignment and assumption agreement referred to in Section 13, shall be registered in the Note Register. The Person in whose name a Note is so registered shall be deemed and treated as the sole owner and holder thereof for all purposes of this Agreement, except in the case of the initial Note A-1 Holder, the initial Note A-2 Holder, the initial Note A-3 Holder, the Initial Note A-4 Holder, and the initial Note A-5 Holder who may hold their Notes through a nominee. Upon request of a Holder, the Agent shall provide such party with the names and addresses of the Holders. To the extent another party is appointed as Agent hereunder, the Note A-1 Holder, the Note A-2 Holder, the Note A-3 Holder, the Note A-4 Holder and the Note A-5 Holder, hereby designates such person as its agent under this Section 14 solely for purposes of maintaining the Note Register.

Appears in 2 contracts

Sources: Co Lender Agreement (Bank5 2024-5yr7), Co Lender Agreement (Benchmark 2024-V6 Mortgage Trust)

Registration of Note. A-1▇-▇, Note A-2▇▇▇▇ ▇-▇, Note A-3, Note A-4 ▇▇▇▇ ▇-▇ and Note A-5A-4. The Agent shall keep or cause to be kept at the Agent Office books (the “Note Register”) for the registration and transfer of the Notes. The Agent shall serve as the initial Note registrar and the Agent hereby accepts such appointment. The names and addresses of the holders of the Notes, the principal amount (and stated interest) of the Notes owing to each Holder and the names and addresses of any transferee of any Note of which the Agent has received notice, in the form of a copy of the assignment and assumption agreement referred to in Section 13, shall be registered in the Note Register. The Person in whose name a Note is so registered shall be deemed and treated as the sole owner and holder thereof for all purposes of this Agreement, except in the case of the initial Note A-1 Holder, the initial Note A-2 Holder, the initial Note A-3 Holder, the Initial Note A-4 Holder, Holder and the initial Note A-5 A-4 Holder who may hold their Notes through a nominee. Upon request of a Holder, the Agent shall provide such party with the names and addresses of the Holders. To the extent another party is appointed as Agent hereunder▇▇▇▇▇▇▇▇▇, the Note A-1 Holder, the Note A-2 Holder, the Note A-3 Holder, the Note A-4 Holder and the Note A-5 A-4 Holder, hereby designates such person as its agent under this Section 14 solely for purposes of maintaining the Note Register.

Appears in 1 contract

Sources: Co Lender Agreement (BBCMS Mortgage Trust 2022-C18)