Common use of AUTHORIZATION AND ACKNOWLEDGEMENT Clause in Contracts

AUTHORIZATION AND ACKNOWLEDGEMENT. Each of the Lenders party hereto hereby (a) authorizes the U.S. Administrative Agent to execute and deliver the New U.S. Borrower Mortgage Amendments in its capacity as U.S. Administrative Agent by and on behalf of such Lender and (b) acknowledges and authorizes the agreement of the Administrative Agent and the U.S. Administrative Agent, as applicable, set forth in Section 13 of this Agreement with respect to the Credit Insurance Policy and Section 14 of this Agreement with respect to the New U.S. Borrower Mortgage Amendments.

AUTHORIZATION AND ACKNOWLEDGEMENT. Each of the Lenders party hereto hereby (a) authorizes the U.S. Administrative Agent to execute and deliver the New U.S. Borrower Mortgage Amendments in its capacity as U.S. Administrative Agent by and on behalf of such Lender and (b) acknowledges and authorizes the agreement of the Administrative Agent and the U.S. Canadian Administrative Agent, as applicable, set forth in Section 13 of this Agreement with respect to the Credit Insurance Policy and Section 14 of this Agreement with respect to the New U.S. Borrower Mortgage Amendments.