Common use of Administration by the Agents Clause in Contracts

Administration by the Agents. (a) Each of the Agents may rely upon any notice or other communication of any nature (written or oral, including but not limited to telephone conversations, whether or not such notice or other communication is made in a manner permitted or required by this Agreement or any Transaction Document) purportedly made by or on behalf of the proper party or parties, and such Agent shall not have any duty to verify the identity or authority of any Person giving such notice or other communication.

Appears in 3 contracts

Samples: Credit Agreement (Alleghany Corp /De), Credit Agreement (Alleghany Corp /De), Alleghany Corp /De

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Administration by the Agents. (a) Each of the Agents Any Agent may rely in good faith upon any notice or other communication of any nature (written or oral, including but not limited to telephone conversations, whether or not such notice or other communication is made in a manner permitted or required by this Agreement or any Transaction Loan Document) purportedly made by or on behalf of the proper party or parties, and such no Agent shall not have any duty to verify the identity or authority of any Person giving such notice or other communication.

Appears in 3 contracts

Samples: Credit Agreement (Foster Wheeler Corp), Pledge Agreement (Foster Wheeler Corp), Credit Agreement (Foster Wheeler Corp)

Administration by the Agents. (a) Each of the Agents Either Agent may rely in good faith upon any notice or other communication of any nature (written or oral, including but not limited to telephone conversations, whether or not such notice or other communication is made in a manner permitted or required by this Agreement or any Transaction Loan Document) purportedly made by or on behalf of the proper party or parties, and such neither Agent shall not have any duty to verify the identity or authority of any Person giving such notice or other communication.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Foster Wheeler Corp), Term Revolving Credit Agreement (Foster Wheeler Corp)

Administration by the Agents. (ai) Each of the Agents may rely upon any notice or other communication of any nature (written or oral, including but not limited to telephone conversations, whether or not such notice or other communication is made in a manner permitted or required by this Loan Agreement or any Transaction Loan Document) purportedly made by or on behalf of the proper party or parties, and such no Agent shall not have any duty to verify the identity or authority of any Person giving such notice or other communication.

Appears in 1 contract

Samples: Cantel Medical Corp

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Administration by the Agents. (a) Each of the Agents Agent may rely upon any notice or other communication of any nature (written or oral, including but not limited to telephone conversations, whether or not such notice or other communication is made in a manner permitted or required by this Agreement or any Transaction Loan Document) purportedly made by or on behalf of the proper party or parties, and such neither Agent shall not have any duty to verify the identity or authority of any Person giving such notice or other communication.

Appears in 1 contract

Samples: Term Revolving Credit Agreement (Xl Capital LTD)

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