Common use of Authority of Guarantors or the Borrower Clause in Contracts

Authority of Guarantors or the Borrower. It is not necessary for any Beneficiary to inquire into the capacity or powers of any Guarantor or the Borrower or the officers, directors or any agents acting or purporting to act on behalf of any of them.

Appears in 54 contracts

Samples: Credit and Guaranty Agreement (Dropbox, Inc.), Credit and Guaranty Agreement (PLBY Group, Inc.), Revolving Credit and Guaranty Agreement (DoorDash, Inc.)

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Authority of Guarantors or the Borrower. It is not necessary for any Beneficiary the Lender to inquire into the capacity or powers of any Guarantor or the Borrower or the officers, directors or any agents acting or purporting to act on behalf of any of them.

Appears in 6 contracts

Samples: Senior Unsecured Term Loan Agreement (Altisource Portfolio Solutions S.A.), Credit and Guaranty Agreement (I Flow Corp /De/), Credit and Guaranty Agreement (InfuSystem Holdings, Inc)

Authority of Guarantors or the Borrower. It is not necessary for any Beneficiary to inquire into the capacity or powers of any Guarantor or the Borrower or the officers, directors members of the Board of Directors or any agents acting or purporting to act on behalf of any of them.

Appears in 2 contracts

Samples: Second Lien Credit and Guaranty Agreement (Airbnb, Inc.), Second Lien Credit and Guaranty Agreement (Airbnb, Inc.)

Authority of Guarantors or the Borrower. It is not necessary for any Beneficiary Lender to inquire into the capacity or powers of any Guarantor or the Borrower or the officers, directors or any agents acting or purporting to act on behalf of any of them.

Appears in 1 contract

Samples: Loan, Guaranty and Security Agreement (Trident Microsystems Inc)

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Authority of Guarantors or the Borrower. It is not necessary for any Beneficiary Guaranty Beneficiaries to inquire into the capacity or powers of any Guarantor or the Borrower or the officers, directors members of the Board of Directors or any agents acting or purporting to act on behalf of any of them.

Appears in 1 contract

Samples: Line of Credit, Guarantee and Security Agreement (Blue Dolphin Energy Co)

Authority of Guarantors or the Borrower. It is not necessary for any Beneficiary Lender, Lender Counterparty and their respective successors, indorsees, transferees and assigns to inquire into the capacity or powers of any Guarantor or the Borrower or the officers, directors or any agents acting or purporting to act on behalf of any of them.

Appears in 1 contract

Samples: Credit Agreement (Doane Pet Care Co)

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