Authority of Guarantors or Company. It is not necessary for any Secured Party to inquire into the capacity or powers of any Guarantor or Company or the officers, directors or any agents acting or purporting to act on behalf of any of them.
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Samples: Credit and Guaranty Agreement (MAAX Holding Co.), Debtor in Possession Credit and Guaranty Agreement (NTL Delaware Inc), Second Lien Credit and Guaranty Agreement (Amscan Holdings Inc)
Authority of Guarantors or Company. It is not necessary for any Secured Guarantied Party to inquire into the capacity or powers of any Guarantor or Company or the officers, directors or any agents acting or purporting to act on behalf of any of them.
Appears in 1 contract