Common use of Appointment of Borrower Representative Clause in Contracts

Appointment of Borrower Representative. Each Borrower hereby designates each of COI and USI, each acting singly or together with the other as its representative and agent (each a "Borrower Representative") for the purposes of initiating borrowing requests, requesting Lender Letters of Credit, selecting interest rate options and giving and receiving notices and consents hereunder or under any of the other Loan Documents. Each Agent and each Lender may regard any notice or other communication pursuant to any Loan Document from either Borrower Representative as a notice or communication from Borrowers. Each Borrower hereby covenants and agrees that each representation and warranty, covenant, agreement and undertaking made in its name or on its behalf by either Borrower Representative shall be deemed for all purposes to have been made by such Borrower and shall be binding upon and enforceable against such Borrower to the same extent as if the same had been made directly by such Borrower.

Appears in 1 contract

Samples: Loan and Security Agreement (Comforce Operating Co)

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Appointment of Borrower Representative. Each Borrower hereby designates each of COI and USI, each acting singly or together with the other as its representative and agent (each a "Borrower Representative") for the purposes of initiating borrowing requests, requesting Lender Letters of Credit, selecting interest rate options and giving and receiving notices and consents hereunder or under any of the other Loan Documents. Each Agent and each Lender may regard any notice or other communication pursuant to any Loan Document from either Borrower Representative as a notice or communication from Borrowers. Each Borrower hereby covenants and agrees that each representation and warranty, covenant, agreement and undertaking made in its name or on its behalf by either Borrower Representative shall be deemed for all purposes to have been made by such Borrower and shall be binding upon and enforceable against such Borrower to the same extent as if the same had been made directly by such Borrower.

Appears in 1 contract

Samples: Loan and Security Agreement (Comforce Corp)

Appointment of Borrower Representative. Each Borrower hereby designates each of COI and USI, each acting singly or together with the other USS as its representative and agent (each a "Borrower Representative") for the purposes of initiating borrowing requests, requesting Lender Letters of Credit, giving instructions with respect to the disbursement of the proceeds of the Term Loan on the Closing Date, selecting interest rate options and giving and receiving notices and consents hereunder or under any of the other Loan Documents. Each Agent and each Lender may regard any notice or other communication pursuant to any Loan Document from either Borrower Representative as a notice or communication from Borrowers. Each Borrower hereby covenants and agrees that each representation and warranty, covenant, agreement and undertaking made in its name or on its behalf by either Borrower Representative shall be deemed for all purposes to have been made by such Borrower and shall be binding upon and enforceable against such Borrower to the same extent as if the same had been made directly by such Borrower.

Appears in 1 contract

Samples: Loan and Security Agreement (Uniforce Temporary Personnel Inc)

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Appointment of Borrower Representative. Each Borrower hereby designates each of COI Systems and USIthe other Borrower, each acting singly or together with the other other, as its representative and agent (each a "Borrower Representative") for the purposes of initiating borrowing requests, requesting Lender Letters of Credit, selecting interest rate options and giving and receiving notices and consents hereunder or under any of the other Loan Documents. Each Agent and each Lender may regard any notice or other communication pursuant to any Loan Document from either any Borrower Representative as a notice or communication from Borrowers. Each Borrower hereby covenants and agrees that each representation and warranty, covenant, agreement and undertaking made in its name or on its behalf by either Borrower Representative shall be deemed for all purposes to have been made by such Borrower and shall be binding upon and enforceable against such Borrower to the same extent as if the same had been made directly by such Borrower.

Appears in 1 contract

Samples: Loan and Security Agreement (Gse Systems Inc)

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