Common use of ACTIONS BY ADMINISTRATIVE AGENT ON TELEPHONE NOTICE Clause in Contracts

ACTIONS BY ADMINISTRATIVE AGENT ON TELEPHONE NOTICE. Without in any way limiting the obligation of the Borrower to confirm in writing any telephonic notice permitted to be given hereunder, the Administrative Agent may act prior to receipt of written confirmation without liability upon the basis of such telephonic notice believed by the Administrative Agent in good faith to be from an Authorized Officer of the Borrower entitled to give telephonic notices under this Agreement on behalf of the Borrower. In each such case, the Administrative Agent's record of the terms of such telephonic notice shall be conclusive absent manifest error.

Appears in 3 contracts

Samples: Credit Agreement (Lesco Inc/Oh), Credit Agreement (Ferro Corp), Credit Agreement (Miami Computer Supply Corp)

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ACTIONS BY ADMINISTRATIVE AGENT ON TELEPHONE NOTICE. Without in any way limiting the obligation of the any Borrower to confirm in writing any telephonic notice permitted to be given hereunder, the Administrative Agent may act prior to receipt of written confirmation without liability upon the basis of such telephonic notice believed by the Administrative Agent in good faith to be from an Authorized Officer of the applicable Borrower entitled to give telephonic notices under this Agreement on behalf of the such Borrower. In each such case, the Administrative Agent's record of the terms of such telephonic notice shall be conclusive absent manifest error.

Appears in 1 contract

Samples: Credit Agreement (Om Group Inc)

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ACTIONS BY ADMINISTRATIVE AGENT ON TELEPHONE NOTICE. Without in any way limiting the obligation of the Borrower to confirm in writing any telephonic notice permitted to be given hereunder, the Administrative Agent may act prior to receipt of written confirmation without liability upon the basis of such telephonic notice believed by the Administrative Agent in good faith to be from an Authorized Officer of the Borrower entitled to give telephonic notices under this Agreement on behalf of the BorrowerBorrower (or from such other Person as may be designated in writing by the Borrower from time to time as authorized to deliver such notices). In each such case, the Administrative Agent's ’s record of the terms of such telephonic notice shall be conclusive absent manifest error.

Appears in 1 contract

Samples: Revolving Credit Agreement (Memc Electronic Materials Inc)

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