Appointment of Agent for Requesting Loans and Receipts of Loans and Statements. (a) Each Borrower hereby irrevocably appoints and constitutes Huffy as its agent to request and receive Loans and Letter of Credit Accommodations pursuant to this Agreement and the other Financing Agreements from Agent or any Lender in the name or on behalf of such Borrower. Subject to the terms and conditions contained herein, Agent or Lenders may disburse the Loans to such bank account of a Borrower or otherwise make such Loans to a Borrower and provide such Letter of Credit Accommodations to a Borrower as Huffy may designate or direct, without notice to any other Borrower or Obligor. (b) Huffy hereby accepts the appointment by Borrowers to act as the agent of Borrowers pursuant to this Section 6.8. Huffy shall ensure that the disbursement of any Loans to each Borrower requested by or paid to Huffy, or the issuance of any Letter of Credit Accommodations for a Borrower hereunder, shall be paid to or for the account of such Borrower. (c) Each Borrower hereby irrevocably appoints and constitutes Huffy as agent to receive statements on account and all other notices from Agent or any Lender with respect to the Obligations or otherwise under or in connection with this Agreement and the other Financing Agreements. (d) No purported termination of the appointment of Huffy as agent as aforesaid shall be effective, except after ten (10) days' prior written notice to Agent.
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Samples: Loan and Security Agreement (Huffy Corp), Loan and Security Agreement (Huffy Corp)
Appointment of Agent for Requesting Loans and Receipts of Loans and Statements. (a) Each Borrower hereby irrevocably appoints and constitutes Huffy as its agent to request and receive Loans and Letter of Credit Accommodations pursuant to this Agreement and the other Financing Agreements from Agent or any Lender in the name or on behalf of such Borrower. Subject to the terms and conditions contained herein, Agent or Lenders may disburse the Loans to such bank account of a Borrower or otherwise make such Loans to a Borrower and provide such Letter of Credit Accommodations to a Borrower as Huffy may designate or direct, without notice to any other Borrower or Obligor.
(b) Huffy hereby accepts the appointment by Borrowers to act as the agent of Borrowers pursuant to this Section 6.8. Huffy shall ensure that the disbursement of any Loans to each Borrower requested by or paid to Huffy, or the issuance of any Letter of Credit Accommodations for a Borrower hereunder, shall be paid to or for the account of such Borrower.
(c) Each Borrower hereby irrevocably appoints and constitutes Huffy as agent to receive statements on account and all other notices from Agent or any Lender with respect to the Obligations or otherwise under or in connection with this Agreement and the other Financing Agreements.
(d) No purported termination of the appointment of Huffy as agent as aforesaid shall be effective, except after ten (10) days' β prior written notice to Agent.
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Appointment of Agent for Requesting Loans and Receipts of Loans and Statements. (a) Each Borrower hereby irrevocably appoints and constitutes Huffy Huntco as its agent to request and receive Loans and Letter of Credit Accommodations pursuant to this the Agreement and the other Financing Agreements from Agent or any Lender in the name or on behalf of such Borrower. Subject to the terms and conditions contained herein, Agent or Lenders Lender may disburse the Loans to such bank account of a Borrower or otherwise make such Loans to a Borrower and provide such Letter of Credit Accommodations to a Borrower as Huffy Huntco may designate or direct, without notice to any other Borrower or Obligor.
(b) Huffy Huntco hereby accepts the appointment by Borrowers to act as the agent of Borrowers pursuant to this Section 6.86.6(a) hereof. Huffy Huntco shall ensure that the disbursement of any Loans to each Borrower requested by or paid to Huffy, Huntco or the issuance of any Letter of Credit Accommodations for a Borrower hereunder, hereunder shall be paid to or for the account of such Borrower.
(c) Each Borrower hereby irrevocably appoints and constitutes Huffy Huntco as its agent to receive statements on account and all other notices from Agent or any Lender with respect to the Obligations or otherwise under or in connection with this Agreement and the other Financing Agreements.
(d) No purported termination of the appointment of Huffy as agent as aforesaid shall be effective, except after ten (10) days' prior written notice to Agent.
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