AUTHORIZED AGENTS. On the Closing Date and from time to time thereafter, the Borrower shall deliver to the Administrative Agent an Officer’s Certificate setting forth the names of the employees and agents authorized to request Loans and Letters of Credit and to request a conversion/continuation of any Loan and containing a specimen signature of each such employee or agent. The employees and agents so authorized shall also be authorized to act for the Borrower in respect of all other matters relating to the Loan Documents. The Administrative Agent, the Arrangers, the Co-Agents, the Lenders and any Issuing Bank shall be entitled to rely conclusively on such employee’s or agent’s authority to request such Loan or Letter of Credit or such conversion/continuation until the Administrative Agent and the Arrangers receive written notice to the contrary. None of the Administrative Agent or the Arrangers shall have any duty to verify the authenticity of the signature appearing on any written Notice of Borrowing or Notice of Conversion/Continuation or any other document, and, with respect to an oral request for such a Loan or Letter of Credit or such conversion/continuation, the Administrative Agent and the Arrangers shall have no duty to verify the identity of any person representing himself or herself as one of the employees or agents authorized to make such request or otherwise to act on behalf of the Borrower. None of the Administrative Agent, the Arrangers or the Lenders shall incur any liability to the Borrower or any other Person in acting upon any telephonic or facsimile notice referred to above which the Administrative Agent or the Arrangers believes to have been given by a person duly authorized to act on behalf of the Borrower and the Borrower hereby indemnifies and holds harmless the Administrative Agent, each Arranger and each other Lender from any loss or expense the Administrative Agent, the Arrangers or the Lenders might incur in acting in good faith as provided in this Section 2.7.
Appears in 11 contracts
Samples: Credit Agreement (Simon Property Group L P /De/), Credit Agreement (Simon Property Group L P /De/), Credit Agreement (Simon Property Group L P /De/)
AUTHORIZED AGENTS. On the Closing Date and from time to time thereafter, the Borrower shall deliver to the Administrative Agent an Officer’s 's Certificate setting forth the names of the employees and agents authorized to request Loans and Letters of Credit the Term Loan and to request a conversion/continuation of any Loan and containing a specimen signature of each such employee or agent. The employees and agents so authorized shall also be authorized to act for the Borrower in respect of all other matters relating to the Loan Documents. The Administrative Agent, the ArrangersArranger, the Co-Agents, and the Lenders and any Issuing Bank shall be entitled to rely conclusively on such employee’s 's or agent’s 's authority to request such the Term Loan or Letter of Credit or such conversion/continuation until the Administrative Agent and the Arrangers Arranger receive written notice to the contrary. None of Neither the Administrative Agent or nor the Arrangers Arranger shall have any duty to verify the authenticity of the signature appearing on any written the Notice of Borrowing or any Notice of Conversion/Continuation or any other document, and, with respect to an oral request for such a Loan or Letter of Credit or such conversion/continuation, the Administrative Agent and the Arrangers Arranger shall have no duty to verify the identity of any person representing himself or herself as one of the employees or agents authorized to make such request or otherwise to act on behalf of the Borrower. None of the Administrative Agent, the Arrangers Arranger or the Lenders shall incur any liability to the Borrower or any other Person in acting upon any telephonic or facsimile notice referred to above which the Administrative Agent or the Arrangers believes Arranger believe to have been given by a person duly authorized to act on behalf of the Borrower and the Borrower hereby indemnifies and holds harmless the Administrative Agent, each the Arranger and each other Lender from any loss or expense the Administrative Agent, the Arrangers Arranger or the Lenders might incur in acting in good faith as provided in this Section 2.72.4; provided, however, that Borrower shall not indemnify the applicable party for acts resulting from its own gross negligence or willful misconduct.
Appears in 2 contracts
Samples: Term Loan Agreement (Reckson Associates Realty Corp), Term Loan Agreement (Reckson Associates Realty Corp)
AUTHORIZED AGENTS. On the Closing Date and from time to time thereafter, the Borrower shall deliver to the Administrative Agent an Officer’s 's Certificate setting forth the names of the employees and agents authorized to request Loans and Letters of Credit and to request a conversion/continuation of any Loan and containing a specimen signature of each such employee or agent. The employees and agents so authorized shall also be authorized to act for the Borrower in respect of all other matters relating to the Loan Documents. The Administrative Agent, each Documentation Agent, the Syndication Agent, the Arrangers, the Co-Agents, the Lenders and any Issuing Bank shall be entitled to rely conclusively on such employee’s 's or agent’s 's authority to request such Loan or Letter of Credit or such conversion/continuation until the Administrative Agent and the Arrangers receive written notice to the contrary. None of Neither the Administrative Agent or nor the Arrangers shall have any duty to verify the authenticity of the signature appearing on any written Notice of Borrowing or Notice of Conversion/Continuation or any other document, and, with respect to an oral request for such a Loan or Letter of Credit or such conversion/continuation, the Administrative Agent and the Arrangers shall have no duty to verify the identity of any person representing himself or herself as one of the employees or agents authorized to make such request or otherwise to act on behalf of the Borrower. None of the Administrative Agent, the Arrangers or the Lenders shall incur any liability to the Borrower or any other Person in acting upon any telephonic or facsimile notice referred to above which the Administrative Agent or the Arrangers believes believe to have been given by a person duly authorized to act on behalf of the Borrower and the Borrower hereby indemnifies and holds harmless the Administrative Agent, each Arranger the Arrangers and each other Lender from any loss or expense the Administrative Agent, the Arrangers or the Lenders might incur in acting in good faith as provided in this Section 2.72.6; provided, however, that Borrower shall not indemnify the applicable party for acts resulting from its own gross negligence or willful misconduct.
Appears in 2 contracts
Samples: Credit Agreement (Reckson Associates Realty Corp), Credit Agreement (Reckson Operating Partnership Lp)
AUTHORIZED AGENTS. On the Closing Date and from time to time ----------------- thereafter, the Borrower shall deliver to the Administrative Agent an Officer’s 's Certificate setting forth the names of the employees and agents authorized to request Loans and Letters of Credit and to request a conversion/continuation of any Loan and containing a specimen signature of each such employee or agent. The employees and agents so authorized shall also be authorized to act for the Borrower in respect of all other matters relating to the Loan Documents. The Administrative Agent, the Arrangers, the Co-Agents, Agent and the Lenders and any Issuing Bank shall be entitled to rely conclusively on such employee’s 's or agent’s 's authority to request such Loan or Letter of Credit or such conversion/continuation until the Administrative Agent and the Arrangers receive written notice to the contrary. None of the The Administrative Agent or the Arrangers shall not have any duty to verify the authenticity of the signature appearing on any written Notice of Borrowing or Notice of Conversion/Continuation or any other document, and, with respect to an oral request for such a Loan or Letter of Credit or such conversion/continuation, the Administrative Agent and the Arrangers shall have no duty to verify the identity of any person representing himself or herself as one of the employees or agents authorized to make such request or otherwise to act on behalf of the Borrower. None of the Administrative Agent, the Arrangers Agent or the Lenders shall incur any liability to the Borrower or any other Person in acting upon any telephonic or facsimile notice referred to above which the Administrative Agent or the Arrangers believes to have been given by a person duly authorized to act on behalf of the Borrower and the Borrower hereby indemnifies and holds harmless the Administrative Agent, each Arranger Agent and each other Lender from any loss or expense the Administrative Agent, the Arrangers Agent or the Lenders might incur in acting in good faith as provided in this Section 2.7.. -----------
Appears in 2 contracts
Samples: Credit Agreement (Simon Property Group L P /De/), Credit Agreement (Simon Property Group L P /De/)
AUTHORIZED AGENTS. On the Closing Date and from time to time thereafter, the Borrower shall deliver to the Administrative Agent an Officer’s Certificate setting forth the names of the employees and agents authorized to request Loans and Letters of Credit and to request a conversion/continuation of any Loan and containing a specimen signature of each such employee or agent. The employees and agents so authorized shall also be authorized to act for the Borrower in respect of all other matters relating to the Loan Documents. The Administrative Agent, the ArrangersArranger, the Co-Agents, the Lenders and any Issuing Bank shall be entitled to rely conclusively on such employee’s or agent’s authority to request such Loan or Letter of Credit or such conversion/continuation until the Administrative Agent and the Arrangers Arranger receive written notice to the contrary. None of the Administrative Agent or the Arrangers Arranger shall have any duty to verify the authenticity of the signature appearing on any written Notice of Committed Borrowing or Notice of Conversion/Continuation or any other document, and, with respect to an oral request for such a Loan or Letter of Credit or such conversion/continuation, the Administrative Agent and the Arrangers Arranger shall have no duty to verify the identity of any person representing himself or herself as one of the employees or agents authorized to make such request or otherwise to act on behalf of the Borrower. None of the Administrative Agent, the Arrangers Arranger or the Lenders shall incur any liability to the Borrower or any other Person in acting upon any telephonic or facsimile notice referred to above which the Administrative Agent or the Arrangers Arranger believes to have been given by a person duly authorized to act on behalf of the Borrower and the Borrower hereby indemnifies and holds harmless the Administrative Agent, each the Arranger and each other Lender from any loss or expense the Administrative Agent, the Arrangers Arranger or the Lenders might incur in acting in good faith as provided in this Section 2.7.
Appears in 2 contracts
Samples: Credit and Term Loan Agreement (Washington Prime Group, L.P.), Revolving Credit and Term Loan Agreement (Washington Prime Group, L.P.)
AUTHORIZED AGENTS. On the Closing Date and from time to time thereafter, the Borrower shall deliver to the Administrative Agent an Officer’s 's Certificate setting forth the names of the employees and agents authorized to request Loans and or Letters of Credit and to request a conversion/continuation of any Loan and containing a specimen signature of each such employee or agent. The employees and agents so authorized shall also be authorized to act for the Borrower in respect of all other matters relating to the Loan Documents. The Administrative Agent, the Arrangers, the Co-Agents, Agent and the Lenders and any Issuing Bank shall be entitled to rely conclusively on such employee’s 's or agent’s 's authority to request such Loan or Letter of Credit or such conversion/continuation until the Administrative Agent and the Arrangers receive receives written notice to the contrary. None of the The Administrative Agent or the Arrangers shall have any no duty to verify the authenticity of the signature appearing on any written Notice of Borrowing Borrowing, Letter of Credit Request or Notice of Conversion/Continuation or any other document, and, with respect to an oral request for such a Loan or a Letter of Credit or such conversion/continuation, the Administrative Agent and the Arrangers shall have no duty to verify the identity of any person representing himself or herself as one of the employees or agents authorized to make such request or otherwise to act on behalf of the Borrower. None of the Administrative Agent, the Arrangers Agent or the Lenders shall incur any liability to the Borrower or any other Person in acting upon any telephonic or facsimile notice referred to above which the Administrative Agent or the Arrangers such Lender reasonably believes to have been given by a person duly authorized to act on behalf of the Borrower and the Borrower hereby indemnifies and holds harmless the Administrative Agent, each Arranger Agent and each other Lender from any loss or expense the Administrative Agent, the Arrangers Agent or the Lenders might incur in acting in good faith as provided in this Section 2.72.6, provided, however, that the Borrower shall not indemnify or hold harmless the Administrative Agent or any other Lender from any loss or expense incurred as the result of the Administrative Agent's or such Lender's gross negligence or willful misconduct.
Appears in 1 contract
AUTHORIZED AGENTS. On the Closing Date and from time to time thereafter, the Borrower shall deliver to the Administrative Agent an Officer’s 's Certificate setting forth the names of the employees and agents authorized to request Loans and Letters of Credit and to request a conversion/continuation of any Loan and containing a specimen signature of each such employee or agent. The employees and agents so authorized shall also be authorized to act for the Borrower in respect of all other matters relating to the Loan Documents. The Administrative Agent, the ArrangersDocumentation Agent, the Co-AgentsSyndication Agent, the Arrangers, the Lenders and any Issuing Bank shall be entitled to rely conclusively on such employee’s 's or agent’s 's authority to request such Loan or Letter of Credit or such conversion/continuation until the Administrative Agent and the Arrangers receive written notice to the contrary. None of the Administrative Agent or the Arrangers shall have any duty to verify the authenticity of the signature appearing on any written Notice of Borrowing or Notice of Conversion/Continuation or any other document, and, with respect to an oral request for such a Loan or Letter of Credit or such conversion/continuation, the Administrative Agent and the Arrangers shall have no duty to verify the identity of any person representing himself or herself as one of the employees or agents authorized to make such request or otherwise to act on behalf of the Borrower. None of the Administrative Agent, the Arrangers or the Lenders shall incur any liability to the Borrower or any other Person in acting upon any telephonic or facsimile notice referred to above which the Administrative Agent or the Arrangers believes believe to have been given by a person duly authorized to act on behalf of the Borrower and the Borrower hereby indemnifies and holds harmless the Administrative Agent, each Arranger and each other Lender from any loss or expense the Administrative Agent, the Arrangers or the Lenders might incur in acting in good faith as provided in this Section 2.72.6; provided, however, that Borrower shall not indemnify the applicable party for acts resulting from its own gross negligence or willful misconduct.
Appears in 1 contract
Samples: Credit Agreement (Reckson Operating Partnership Lp)
AUTHORIZED AGENTS. On the Closing Date and from time to time thereafter, the Borrower Borrowers shall deliver to the Administrative Agent an Officer’s Certificate 's Certificates setting forth the names of the employees and agents authorized to request Loans and Letters of Credit and to request a conversion/continuation of any Loan and containing a specimen signature of each such employee or agent. The employees and agents so authorized shall also be authorized to act for the Borrower Borrowers in respect of all other matters relating to the Loan Documents. The Administrative Agent, the Arrangers, the Co-Agents, Lead Arrangers and the Lenders and any Issuing Bank shall be entitled to rely conclusively on such employee’s or agent’s authority to request such Loan or Letter of Credit or such conversion/continuation until the Administrative Agent and the Lead Arrangers receive written notice to the contrary. None of the Administrative Agent or the Lead Arrangers shall have any duty to verify the authenticity of the signature appearing on any written Notice of Borrowing or Notice of Conversion/Continuation or any other document, and, with respect to an oral request for such a Loan or Letter of Credit or such conversion/continuation, the Administrative Agent and the Lead Arrangers shall have no duty to verify the identity of any person representing himself or herself as one of the employees or agents authorized to make such request or otherwise to act on behalf of the BorrowerBorrowers. None of the Administrative Agent, the Lead Arrangers or the Lenders shall incur any liability to the Borrower Borrowers or any other Person in acting upon any telephonic or facsimile notice referred to above which the Administrative Agent or the Lead Arrangers believes believe to have been given by a person duly authorized to act on behalf of the Borrower Borrowers and the Borrower Borrowers hereby indemnifies indemnify and holds hold harmless the Administrative Agent, each Arranger the Lead Arrangers and each other Lender from any loss or expense the Administrative Agent, the Arrangers Lead Arranger or the Lenders might incur in acting in good faith as provided in this Section 2.7.
Appears in 1 contract
Samples: Senior Secured Term Loan Agreement (Washington Prime Group, L.P.)
AUTHORIZED AGENTS. On the Closing Date and from time to time thereafter, the Borrower shall deliver to the Administrative Agent an Officer’s Certificate setting forth the names of the employees and agents authorized to request Loans and Letters of Credit and to request a conversion/continuation of any Loan and containing a specimen signature of each such employee or agent. The employees and agents so authorized shall also be authorized to act for the Borrower in respect of all other matters relating to the Loan Documents. The Administrative Agent, the Arrangers, the Co-Agents, Agent and the Lenders and any Issuing Bank shall be entitled to rely conclusively on such employee’s or agent’s authority to request such Loan or Letter of Credit or such conversion/continuation until the Administrative Agent and the Arrangers receive written notice to the contrary. None of the The Administrative Agent or the Arrangers shall not have any duty to verify the authenticity of the signature appearing on any written Notice of Borrowing or Notice of Conversion/Continuation or any other document, and, with respect to an oral request for such a Loan or Letter of Credit or such conversion/continuation, the Administrative Agent and the Arrangers shall have no duty to verify the identity of any person representing himself or herself as one of the employees or agents authorized to make such request or otherwise to act on behalf of the Borrower. None of the Administrative Agent, the Arrangers Agent or the Lenders shall incur any liability to the Borrower or any other Person in acting upon any telephonic electronic, written or facsimile notice referred to above which the Administrative Agent or the Arrangers believes to have been given by a person duly authorized to act on behalf of the Borrower and the Borrower hereby indemnifies and holds harmless the Administrative Agent, each Arranger Agent and each other Lender from any loss or expense the Administrative Agent, the Arrangers Agent or the Lenders might incur in acting in good faith as provided in this Section 2.72.5.
Appears in 1 contract
Samples: Restructuring Support Agreement (Washington Prime Group, L.P.)
AUTHORIZED AGENTS. On the Closing Date and from time to time thereafter, the Borrower shall deliver to the Administrative Agent an Officer’s 's Certificate setting forth the names of the employees and agents authorized to request Loans and Letters of Credit and to request a conversion/continuation of any Loan and containing a specimen signature of each such employee or agent. The employees and agents so authorized shall also be authorized to act for the Borrower in respect of all other matters relating to the Loan Documents. The Administrative Agent, the Arrangers, the Co-Agents, Agent and the Lenders and any Issuing Bank shall be entitled to rely conclusively on such employee’s 's or agent’s 's authority to request such Loan or Letter of Credit or such conversion/continuation until the Administrative Agent and the Arrangers receive receives written notice to the contrary. None of the The Administrative Agent or the Arrangers shall have any no duty to verify the authenticity of the signature appearing on any written Notice of Borrowing or Notice of Conversion/Continuation or any other document, and, with respect to an oral request for such a any Loan or Letter of Credit or such any conversion/continuation, the Administrative Agent and the Arrangers shall have no duty to verify the identity of any person representing himself or herself as one of the employees or agents authorized to make such request or otherwise to act on behalf of the Borrower. None of the Administrative Agent, the Arrangers Agent or the Lenders shall incur any liability to the Borrower or any other Person in acting upon any telephonic or facsimile notice referred to above which the Administrative Agent or the Arrangers such Lender reasonably believes to have been given by a person duly authorized to act on behalf of the Borrower and the Borrower hereby indemnifies and holds harmless the Administrative Agent, each Arranger Agent and each other Lender from any loss or expense the Administrative Agent, the Arrangers Agent or the Lenders might incur in acting in good faith as provided in this Section 2.7., provided however that the Borrower shall not indemnify or hold harmless the Administrative Agent or any other Lender from any loss or expense incurred as the result of the Administrative Agent's or such Lender's gross negligence or willful misconduct.
Appears in 1 contract
Samples: Revolving Credit Agreement (General Growth Properties Inc)
AUTHORIZED AGENTS. On the Closing Date and from time to time thereafter, the Borrower shall deliver to the Administrative Agent an Officer’s Certificate setting forth the names of the employees and agents authorized to request Loans and or Letters of Credit and to request a conversion/continuation of any Loan and containing a specimen signature of each such employee or agent. The employees and agents so authorized shall also be authorized to act for the Borrower in respect of all other matters relating to the Loan Documents. The Administrative Agent, the Arrangers, the Co-Agents, Agent and the Lenders and any Issuing Bank shall be entitled to rely conclusively on such employee’s or agent’s authority to request such Loan or Letter of Credit or such conversion/continuation until the Administrative Agent and the Arrangers receive receives written notice to the contrary. None of the The Administrative Agent or the Arrangers shall have any no duty to verify the authenticity of the signature appearing on any written Notice of Borrowing Borrowing, Letter of Credit Request or Notice of Conversion/Continuation or any other document, and, with respect to an oral request for such a Loan or a Letter of Credit or such conversion/continuation, the Administrative Agent and the Arrangers shall have no duty to verify the identity of any person representing himself or herself as one of the employees or agents authorized to make such request or otherwise to act on behalf of the Borrower. None of the Administrative Agent, the Arrangers Agent or the Lenders shall incur any liability to the Borrower or any other Person in acting upon any telephonic or facsimile notice referred to above which the Administrative Agent or the Arrangers such Lender reasonably believes to have been given by a person duly authorized to act on behalf of the Borrower and the Borrower hereby indemnifies and holds harmless the Administrative Agent, each Arranger Agent and each other Lender from any loss or expense the Administrative Agent, the Arrangers Agent or the Lenders might incur in acting in good faith as provided in this Section 2.72.6, provided, however, that the Borrower shall not indemnify or hold harmless the Administrative Agent or any other Lender from any loss or expense incurred as the result of the Administrative Agent’s or such Lender’s gross negligence or willful misconduct.
Appears in 1 contract
AUTHORIZED AGENTS. On the Closing Date and from time ------------------ to time thereafter, the Borrower shall deliver to the Administrative Agent an Officer’s 's Certificate setting forth the names of the employees and agents authorized to request Loans and Letters of Credit and to request a conversion/continuation of any Loan and containing a specimen signature of each such employee or agent. The employees and agents so authorized shall also be authorized to act for the Borrower in respect of all other matters relating to the Loan Documents. The Administrative Agent, the ArrangersDocumentation Agent, the Co-AgentsArrangers, the Lenders and any Issuing Bank shall be entitled to rely conclusively on such employee’s 's or agent’s 's authority to request such Loan or Letter of Credit or such conversion/continuation until the Administrative Agent and the Arrangers receive written notice to the contrary. None of the Administrative Agent or the Arrangers shall have any duty to verify the authenticity of the signature appearing on any written Notice of Borrowing or Notice of Conversion/Continuation or any other document, and, with respect to an oral request for such a Loan or Letter of Credit or such conversion/continuation, the Administrative Agent and the Arrangers shall have no duty to verify the identity of any person representing himself or herself as one of the employees or agents authorized to make such request or otherwise to act on behalf of the Borrower. None of the Administrative Agent, the Arrangers or the Lenders shall incur any liability to the Borrower or any other Person in acting upon any telephonic or facsimile notice referred to above which the Administrative Agent or the Arrangers believes to have been given by a person duly authorized to act on behalf of the Borrower and the Borrower hereby indemnifies and holds harmless the Administrative Agent, each Arranger and each other Lender from any loss or expense the Administrative Agent, the Arrangers or the Lenders might incur in acting in good faith as provided in this Section 2.72.5; provided, ----------- however, that Borrower shall not indemnify the applicable party for acts resulting from its own gross negligence or wilful misconduct.
Appears in 1 contract
AUTHORIZED AGENTS. On the Closing Date and from time to ----------------- time thereafter, the Borrower shall deliver to the Administrative Agent an Officer’s 's Certificate setting forth the names of the employees and agents authorized to request Loans and Letters of Credit and to request a conversion/continuation of any Loan and containing a specimen signature of each such employee or agent. The employees and agents so authorized shall also be authorized to act for the Borrower in respect of all other matters relating to the Loan Documents. The Administrative Agent, the ArrangersDocumentation Agent, the Co-AgentsArrangers, the Lenders and any Issuing Bank shall be entitled to rely conclusively on such employee’s 's or agent’s 's authority to request such Loan or Letter of Credit or such conversion/continuation until the Administrative Agent and the Arrangers receive written notice to the contrary. None of the Administrative Agent or the Arrangers shall have any duty to verify the authenticity of the signature appearing on any written Notice of Borrowing or Notice of Conversion/Continuation or any other document, and, with respect to an oral request for such a Loan or Letter of Credit or such conversion/continuation, the Administrative Agent and the Arrangers shall have no duty to verify the identity of any person representing himself or herself as one of the employees or agents authorized to make such request or otherwise to act on behalf of the Borrower. None of the Administrative Agent, the Arrangers or the Lenders shall incur any liability to the Borrower or any other Person in acting upon any telephonic or facsimile notice referred to above which the Administrative Agent or the Arrangers believes to have been given by a person duly authorized to act on behalf of the Borrower and the Borrower hereby indemnifies and holds harmless the Administrative Agent, each Arranger and each other Lender from any loss or expense the Administrative Agent, the Arrangers or the Lenders might incur in acting in good faith as provided in this Section 2.72.5; provided, however, -------- ------- that Borrower shall not indemnify the applicable party for acts resulting from its own gross negligence or wilful misconduct.
Appears in 1 contract
AUTHORIZED AGENTS. On the Closing Date and from time to time ----------------- thereafter, the Borrower shall deliver to the Administrative Agent an Officer’s 's Certificate setting forth the names of the employees and agents authorized to request Loans and Letters of Credit and to request a conversion/continuation of any Loan Loans and containing a specimen signature of each such employee or agent. The employees and agents so authorized shall also be authorized to act for the Borrower in respect of all other matters relating to the Loan Documents. The Administrative Agent, the ArrangersArranger, the Co-Agents, and the Lenders and any Issuing Bank shall be entitled to rely conclusively on such employee’s 's or agent’s 's authority to request such Loan or Letter of Credit or such conversion/continuation until the Administrative Agent and the Arrangers Arranger receive written notice to the contrary. None of the Administrative Agent or the Arrangers Arranger shall have any duty to verify the authenticity of the signature appearing on any written Notice of Borrowing or Notice of Conversion/Continuation or any other document, and, with respect to an oral request for such a Loan or Letter of Credit or such conversion/continuation, the Administrative Agent and the Arrangers Arranger shall have no duty to verify the identity of any person representing himself or herself as one of the employees or agents authorized to make such request or otherwise to act on behalf of the Borrower. None of the Administrative Agent, the Arrangers Arranger or the Lenders shall incur any liability to the Borrower or any other Person in acting upon any telephonic or facsimile notice referred to above which the Administrative Agent or the Arrangers Arranger believes to have been given by a person duly authorized to act on behalf of the Borrower and the Borrower hereby indemnifies and holds harmless the Administrative Agent, each the Arranger and each other Lender from any loss or expense the Administrative Agent, the Arrangers Arranger or the Lenders might incur in acting in good faith as provided in this Section 2.72.6; provided, however, that Borrower shall not indemnify the applicable party for acts resulting from its own gross negligence or willful misconduct.
Appears in 1 contract
AUTHORIZED AGENTS. On the Closing Date and from time to time thereafter, the Borrower shall deliver to the Administrative Payment and Disbursement Agent an Officer’s 's Certificate setting forth the names of the employees and agents authorized to request Loans and Letters of Credit and to request a conversion/continuation of any Loan and containing a specimen signature of each such employee or agent. The employees and agents so authorized shall also be authorized to act for the Borrower in respect of all other matters relating to the Loan Documents. The Administrative Payment and Disbursement Agent, the Arrangers, the Co-Agents, the Lenders and any Issuing Bank shall be entitled to rely conclusively on such employee’s 's or agent’s 's authority to request such Loan or Letter of Credit or such conversion/continuation until the Administrative Payment and Disbursement Agent and the Arrangers receive written notice to the contrary. None of the Administrative Payment and Disbursement Agent or the Arrangers shall have any duty to verify the authenticity of the signature appearing on any written Notice of Borrowing or Notice of Conversion/Continuation or any other document, and, with respect to an oral request for such a Loan or Letter of Credit or such conversion/continuation, the Administrative Payment and Disbursement Agent and the Arrangers shall have no duty to verify the identity of any person representing himself or herself as one of the employees or agents authorized to make such request or otherwise to act on behalf of the Borrower. None of the Administrative Payment and Disbursement Agent, the Arrangers or the Lenders shall incur any liability to the Borrower or any other Person in acting upon any telephonic or facsimile notice referred to above which the Administrative Payment and Disbursement Agent or the Arrangers believes to have been given by a person duly authorized to act on behalf of the Borrower and the Borrower hereby indemnifies and holds harmless the Administrative Payment and Disbursement Agent, each Arranger and each other Lender from any loss or expense the Administrative Payment and Disbursement Agent, the Arrangers or the Lenders might incur in acting in good faith as provided in this Section 2.7.
Appears in 1 contract
AUTHORIZED AGENTS. On the Closing Date and from time to time thereafter, the Borrower shall deliver to the Administrative Agent an Officer’s 's Certificate setting forth the names of the employees and agents authorized to request Loans and Letters of Credit and to request a conversion/continuation of any Loan and containing a specimen signature of each such employee or agent. The employees and agents so authorized shall also be authorized to act for the Borrower and RMOP in respect of all other matters relating to the Loan Documents. The Administrative Agent, the ArrangersArranger, the Co-Agents, and the Lenders and any Issuing Bank shall be entitled to rely conclusively on such employee’s 's or agent’s 's authority to request such Loan or Letter of Credit or such conversion/continuation until the Administrative Agent and the Arrangers Arranger receive written notice to the contrary. None of the Administrative Agent or the Arrangers Arranger shall have any duty to verify the authenticity of the signature appearing on any written Notice of Borrowing or Notice of Conversion/Continuation or any other document, and, with respect to an oral request for such a Loan or Letter of Credit or such conversion/continuation, the Administrative Agent and the Arrangers Arranger shall have no duty to verify the identity of any person representing himself or herself as one of the employees or agents authorized to make such request or otherwise to act on behalf of the BorrowerBorrower or RMOP. None of the Administrative Agent, the Arrangers Arranger or the Lenders shall incur any liability to the Borrower or RMOP or any other Person in acting upon any telephonic or facsimile notice referred to above which the Administrative Agent or the Arrangers Arranger believes to have been given by a person duly authorized to act on behalf of the Borrower and the Borrower and RMOP each hereby indemnifies and holds harmless the Administrative Agent, each Arranger and each other Lender from any loss or expense the Administrative Agent, the Arrangers Arranger or the Lenders might incur in acting in good faith as provided in this Section 2.72.6; provided, however, that Borrower and RMOP shall not indemnify the applicable party for acts resulting from its own gross negligence or wilful misconduct.
Appears in 1 contract
AUTHORIZED AGENTS. On the Closing Date and from time to time thereafter, the Borrower shall deliver to the Administrative Agent an Officer’s 's Certificate setting forth the names of the employees and agents authorized to request Loans and Letters of Credit and to request a conversion/continuation of any Loan and containing a specimen signature of each such employee or agent. The employees and agents so authorized shall also be authorized to act for the Borrower and RMOP in respect of all other matters relating to the Loan Documents. The Administrative Agent, the ArrangersDocumentation Agent, the Co-AgentsSyndication Agent, the Arrangers, the Lenders and any Issuing Bank shall be entitled to rely conclusively on such employee’s 's or agent’s 's authority to request such Loan or Letter of Credit or such conversion/continuation until the Administrative Agent and the Arrangers receive written notice to the contrary. None of the Administrative Agent or the Arrangers shall have any duty to verify the authenticity of the signature appearing on any written Notice of Borrowing or Notice of Conversion/Continuation or any other document, and, with respect to an oral request for such a Loan or Letter of Credit or such conversion/continuation, the Administrative Agent and the Arrangers shall have no duty to verify the identity of any person representing himself or herself as one of the employees or agents authorized to make such request or otherwise to act on behalf of the BorrowerBorrower or RMOP. None of the Administrative Agent, the Arrangers or the Lenders shall incur any liability to the Borrower or RMOP or any other Person in acting upon any telephonic or facsimile notice referred to above which the Administrative Agent or the Arrangers believes to have been given by a person duly authorized to act on behalf of the Borrower and the Borrower and RMOP each hereby indemnifies and holds harmless the Administrative Agent, each Arranger and each other Lender from any loss or expense the Administrative Agent, the Arrangers or the Lenders might incur in acting in good faith as provided in this Section 2.72.6; provided, however, that Borrower and RMOP shall not indemnify the applicable party for acts resulting from its own gross negligence or wilful misconduct.
Appears in 1 contract
AUTHORIZED AGENTS. On the Closing Date and from time to time thereafter, the Borrower shall deliver to the Administrative Agent an Officer’s Certificate setting forth the names of the employees and agents authorized to request Loans and Letters of Credit and to request a conversion/continuation of any Loan and containing a specimen signature of each such employee or agent. The employees and agents so authorized shall also be authorized to act for the Borrower in respect of all other matters relating to the Loan Documents. The Administrative Agent, the ArrangersArranger, the Co-Agents, Agents and the Lenders and any Issuing Bank shall be entitled to rely conclusively on such employee’s or agent’s authority to request such Loan or Letter of Credit or such conversion/continuation until the Administrative Agent and the Arrangers Arranger receive written notice to the contrary. None of the Administrative Agent or the Arrangers Arranger shall have any duty to verify the authenticity of the signature appearing on any written Notice of Borrowing or Notice of Conversion/Continuation or any other document, and, with respect to an oral request for such a Loan or Letter of Credit or such conversion/continuation, the Administrative Agent and the Arrangers Arranger shall have no duty to verify the identity of any person representing himself or herself as one of the employees or agents authorized to make such request or otherwise to act on behalf of the Borrower. None of the Administrative Agent, the Arrangers Arranger or the Lenders shall incur any liability to the Borrower or any other Person in acting upon any telephonic or facsimile notice referred to above which the Administrative Agent or the Arrangers Arranger believes to have been given by a person duly authorized to act on behalf of the Borrower and the Borrower hereby indemnifies and holds harmless the Administrative Agent, each the Arranger and each other Lender from any loss or expense the Administrative Agent, the Arrangers Arranger or the Lenders might incur in acting in good faith as provided in this Section 2.7.. DB3/376865415.8
Appears in 1 contract
AUTHORIZED AGENTS. On the Closing Date and from time to time thereafter, the Borrower shall deliver to the Administrative Agent an Officer’s 's Certificate setting forth the names of the employees and agents authorized to request Loans and Letters of Credit and to request a conversion/continuation of any Loan and containing con- taining a specimen signature of each such employee or agent. The employees and agents so authorized shall also be authorized to act for the Borrower in respect of all other matters relating to the Loan Documents. The Administrative Agent, the Arrangers, the Co-Agents, Co- Agents (if any) and the Lenders and any Issuing Bank shall be entitled to rely conclusively on such employee’s 's or agent’s 's authority to request such Loan or Letter of Credit or such conversion/continuation until the Administrative Agent and the Arrangers receive receives written notice to the contrary. None of the Administrative The Agent or the Arrangers shall have any no duty to verify the authenticity of the signature signa- ture appearing on any written Notice of Borrowing or Notice of Conversion/Continuation or any other document, and, with respect to an oral request for such a Loan or Letter of Credit or such conversionconver- sion/continuation, the Administrative Agent and the Arrangers shall have no duty to verify the identity of any person representing himself or herself as one of the employees or agents authorized to make such request or otherwise to act on behalf of the Borrower. None of the Administrative Agent, the Arrangers Agent or the Lenders shall incur any liability to the Borrower or any other Person in acting upon any telephonic or facsimile notice referred to above which the Administrative Agent or the Arrangers such Lender believes to have been given by a person duly authorized to act on behalf of the Borrower and the Borrower hereby indemnifies and holds harmless the Administrative Agent, each Arranger Agent and each other Lender from any loss or expense the Administrative Agent, the Arrangers Agent or the Lenders Lend- ers might incur in acting in good faith as provided in this Section 2.7.
Appears in 1 contract
Samples: Revolving Credit Agreement (U S Restaurant Properties Inc)
AUTHORIZED AGENTS. On the Closing Date and from time to time thereafter, the Borrower shall deliver to the Administrative Agent an Officer’s 's Certificate setting forth the names of the employees and agents authorized to request Loans and or Letters of Credit and to request a conversion/continuation of any Loan and containing a specimen signature of each such employee or agent. The employees and agents so authorized shall also be authorized to act for the Borrower in respect of all other matters relating to the Loan Documents. The Administrative Agent, the Arrangers, the Co-Agents, Agent and the Lenders and any Issuing Bank shall be entitled to rely conclusively on such employee’s 's or agent’s 's authority to request such Loan or Letter of Credit or such conversion/continuation until the Administrative Agent and the Arrangers receive receives written notice to the contrary. None of the The Administrative Agent or the Arrangers shall have any no duty to verify the authenticity of the signature appearing on any written Notice of Borrowing Borrowing, Letter of Credit Request or Notice of Conversion/Continuation or any other document, and, with respect to an oral request for such a Loan or a Letter of Credit or such conversion/continuation, the Administrative Agent and the Arrangers shall have no duty to verify the identity of any person representing himself or herself as one of the employees or agents authorized to make such request or otherwise to act on behalf of the Borrower. None of the Administrative Agent, the Arrangers Agent or the Lenders shall incur any liability to the Borrower or any other Person in acting upon any telephonic or facsimile notice referred to above which the Administrative Agent or the Arrangers such Lender reasonably believes to have been given by a person duly authorized to act on behalf of the Borrower and the Borrower hereby indemnifies and holds harmless the Administrative Agent, each Arranger Agent and each other Lender from any loss or expense the Administrative Agent, the Arrangers Agent or the Lenders might incur in acting in good faith as provided in this Section 2.7SECTION 2.6, PROVIDED, HOWEVER, that the Borrower shall not indemnify or hold harmless the Administrative Agent or any other Lender from any loss or expense incurred as the result of the Administrative Agent's or such Lender's gross negligence or willful misconduct.
Appears in 1 contract
AUTHORIZED AGENTS. On the Closing Date and from time to time thereafter, the Borrower shall deliver to the Administrative Agent an Officer’s 's Certificate setting forth the names of the employees and agents authorized to request Loans and Letters of Credit and to request a conversion/continuation of any Loan and containing a specimen signature of each such employee or agent. The employees and agents so authorized shall also be authorized to act for the Borrower in respect of all other matters relating to the Loan Documents. The Administrative Agent, the ArrangersArranger, the Co-Agents, and the Lenders and any Issuing Bank shall be entitled to rely conclusively on such employee’s 's or agent’s 's authority to request such Loan or Letter of Credit or such conversion/continuation until the Administrative Agent and the Arrangers Arranger receive written notice to the contrary. None of the Administrative Agent or the Arrangers Arranger shall have any duty to verify the authenticity of the signature appearing on any written Notice of Borrowing or Notice of Conversion/Continuation or any other document, and, with respect to an oral request for such a Loan or Letter of Credit or such conversion/continuation, the Administrative Agent and the Arrangers Arranger shall have no duty to verify the identity of any person representing himself or herself as one of the employees or agents authorized to make such request or otherwise to act on behalf of the Borrower. None of the Administrative Agent, the Arrangers Arranger or the Lenders shall incur any liability to the Borrower or any other Person in acting upon any telephonic or facsimile notice referred to above which the Administrative Agent or the Arrangers Arranger believes to have been given by a person duly authorized to act on behalf of the Borrower and the Borrower hereby indemnifies and holds harmless the Administrative Agent, each Arranger and each other Lender from any loss or expense the Administrative Agent, the Arrangers Arranger or the Lenders might incur in acting in good faith as provided in this Section 2.72.6; provided, however, that Borrower shall not indemnify the applicable party for acts resulting from its own gross negligence or wilful misconduct.
Appears in 1 contract
AUTHORIZED AGENTS. On the Closing Date and from time to time thereafter, the Borrower Borrowers' Agent shall deliver to the Administrative Agent an Officer’s Certificate a certificate from a Responsible Officer setting forth the names of the employees and agents authorized to request Loans and Letters of Credit for each Borrower and to request a conversion/continuation of any Loan and containing a specimen signature of each such employee or agent. The employees and agents so authorized shall also be authorized to act for the any Borrower in respect of all other matters relating to the Loan Documents. The Administrative Agent, the Arrangers, the Co-Agents, the Lenders and any Issuing Bank Banks shall be entitled to rely conclusively on such employee’s 's or agent’s 's authority to request such Loan or Letter of Credit or such conversion/continuation until the Administrative Agent Agent, Lenders and the Arrangers Issuing Banks receive written notice to the contrary. None of the Administrative Agent Agent, the Lenders, or the Arrangers Issuing Banks shall have any duty to verify the authenticity of the signature appearing on any written Notice of Borrowing or Notice of Conversion/Continuation or any other document, and, with respect to an oral request for such a Loan or Letter of Credit or such conversion/continuation, the Administrative Agent and the Arrangers shall have no duty to verify the identity of any person representing himself or herself as one of the employees or agents authorized to make such request or otherwise to act on behalf of the such Borrower. None of the Administrative Agent, the Arrangers any Lender or the Lenders any Issuing Bank shall incur any liability to the any Borrower or any other Person in acting upon any telephonic or facsimile notice referred to above which the Administrative Agent Agent, such Lender, or the Arrangers such Issuing Bank believes to have been given by a person duly authorized to act on behalf of the such Borrower and the such Borrower hereby indemnifies and holds harmless the Administrative Agent, each Arranger Lender and each other Lender Issuing Bank from any loss or expense the Administrative Agent, Lenders and/or the Arrangers or the Lenders Issuing Banks might incur in acting in good faith as provided in this Section 2.72.1.
Appears in 1 contract
Samples: Revolving Credit Agreement (Lexington Corporate Properties Inc)
AUTHORIZED AGENTS. On the Closing Date and from time to time thereafter, the Borrower shall deliver to the Administrative Agent an Officer’s 's Certificate setting forth the names of the employees and agents authorized to request Loans and Letters of Credit and to request a conversion/continuation of any Loan and containing a specimen signature of each such employee or agent. The employees and agents so authorized shall also be authorized to act for the Borrower in respect of all other matters relating to the Loan Documents. The Administrative Agent, the Arrangers, the Co-Agents, Agent and the Lenders and any Issuing Bank shall be entitled to rely conclusively on such employee’s 's or agent’s 's authority to request such Loan or Letter of Credit or such conversion/continuation until the Administrative Agent and the Arrangers receive receives written notice to the contrary. None of the The Administrative Agent or the Arrangers shall have any no duty to verify the authenticity of the signature appearing on any written the Notice of Borrowing or any Notice of Conversion/Continuation or any other document, and, with respect to an oral request for such a any Loan or Letter of Credit or such any conversion/continuation, the Administrative Agent and the Arrangers shall have no duty to verify the identity of any person representing himself or herself as one of the employees or agents authorized to make such request or otherwise to act on behalf of the Borrower. None of the Administrative Agent, the Arrangers Agent or the Lenders shall incur any liability to the Borrower or any other Person in acting upon any telephonic or facsimile notice referred to above which the Administrative Agent or the Arrangers such Lender reasonably believes to have been given by a person duly authorized to act on behalf of the Borrower and the Borrower hereby indemnifies and holds harmless the Administrative Agent, each Arranger Agent and each other Lender from any loss or expense the Administrative Agent, the Arrangers Agent or the Lenders might incur in acting in good faith as provided in this Section 2.7, provided however that the Borrower shall not indemnify or hold harmless the Administrative Agent or any other Lender from any loss or expense incurred as the result of the Administrative Agent's or such Lender's gross negligence or willful misconduct.
Appears in 1 contract
Samples: Term Credit Agreement (General Growth Properties Inc)
AUTHORIZED AGENTS. On the Closing Date and from time to time ----------------- thereafter, the Borrower shall deliver to the Administrative Agent an Officer’s 's Certificate setting forth the names of the employees and agents authorized to request Loans and Letters of Credit and to request a conversion/continuation of any Loan and containing a specimen signature of each such employee or agent. The employees and agents so authorized shall also be authorized to act for the Borrower in respect of all other matters relating to the Loan Documents. The Administrative Agent, the Arrangers, the Co-Agents, Agent and the Lenders and any Issuing Bank shall be entitled to rely conclusively on such employee’s 's or agent’s 's authority to request such Loan or Letter of Credit or such conversion/continuation until the Administrative Agent and the Arrangers receive receives written notice to the contrary. None of the The Administrative Agent or the Arrangers shall have any no duty to verify the authenticity of the signature appearing on any written Notice of Borrowing or Notice of Conversion/Continuation or any other document, and, with respect to an oral request for such a any Loan or Letter of Credit or such any conversion/continuation, the Administrative Agent and the Arrangers shall have no duty to verify the identity of any person representing himself or herself as one of the employees or agents authorized to make such request or otherwise to act on behalf of the Borrower. None of the Administrative Agent, the Arrangers Agent or the Lenders shall incur any liability to the Borrower or any other Person in acting upon any telephonic or facsimile notice referred to above which the Administrative Agent or the Arrangers such Lender reasonably believes to have been given by a person duly authorized to act on behalf of the Borrower and the Borrower hereby indemnifies and holds harmless the Administrative Agent, each Arranger Agent and each other Lender from any loss or expense the Administrative Agent, the Arrangers Agent or the Lenders might incur in acting in good faith as provided in this Section 2.7., provided however that the ----------- Borrower shall not indemnify or hold harmless the Administrative Agent or any other Lender from any loss or expense incurred as the result of the Administrative Agent's or such Lender's gross negligence or willful misconduct.
Appears in 1 contract
Samples: Revolving Credit Agreement (General Growth Properties Inc)
AUTHORIZED AGENTS. On the Closing Date and from time to time thereafter, the Borrower Borrowers shall deliver to the Administrative Agent an Officer’s Certificate Certificates setting forth the names of the employees and agents authorized to request Loans and Letters of Credit and to request a conversion/continuation of any Loan and containing a specimen signature of each such employee or agent. The employees and agents so authorized shall also be authorized to act for the Borrower Borrowers in respect of all other matters relating to the Loan Documents. The Administrative Agent, the Arrangers, the Co-Agents, Arranger and the Lenders and any Issuing Bank shall be entitled to rely conclusively on such employee’s or agent’s authority to request such Loan or Letter of Credit or such conversion/continuation until the Administrative Agent and the Arrangers Arranger receive written notice to the contrary. None of the Administrative Agent or the Arrangers Arranger shall have any duty to verify the authenticity of the signature appearing on any written Notice of Borrowing or Notice of Conversion/Continuation or any other document, and, with respect to an oral request for such a Loan or Letter of Credit or such conversion/continuation, the Administrative Agent and the Arrangers Arranger shall have no duty to verify the identity of any person representing himself or herself as one of the employees or agents authorized to make such request or otherwise to act on behalf of the BorrowerBorrowers. None of the Administrative Agent, the Arrangers Arranger or the Lenders shall incur any liability to the Borrower Borrowers or any other Person in acting upon any telephonic or facsimile notice referred to above which the Administrative Agent or the Arrangers Arranger believes to have been given by a person duly authorized to act on behalf of the Borrower Borrowers and the Borrower Borrowers hereby indemnifies indemnify and holds hold harmless the Administrative Agent, each the Arranger and each other Lender from any loss or expense the Administrative Agent, the Arrangers Arranger or the Lenders might incur in acting in good faith as provided in this Section 2.7.
Appears in 1 contract
Samples: Senior Secured Term Loan Agreement (Washington Prime Group, L.P.)
AUTHORIZED AGENTS. On the Closing Date and from time to time thereafter, the Borrower shall deliver to the Administrative Agent an Officer’s 's Certificate setting forth the names of the employees and agents authorized to request Loans and Letters of Credit and to request a conversion/continuation of any Loan and containing a specimen signature of each such employee or agent. The employees and agents so authorized shall also be authorized to act for the Borrower in respect of all other matters relating to the Loan Documents. The Administrative Agent, the Arrangers, the Co-Agents, Agent and the Lenders and any Issuing Bank shall be entitled to rely conclusively on such employee’s 's or agent’s 's authority to request such Loan or Letter of Credit or such conversion/continuation until the Administrative Agent and the Arrangers receive written notice to the contrary. None of the The Administrative Agent or the Arrangers shall not have any duty to verify the authenticity of the signature appearing on any written Notice of Borrowing or Notice of Conversion/Continuation or any other document, and, with respect to an oral request for such a Loan or Letter of Credit or such conversion/continuation, the Administrative Agent and the Arrangers shall have no duty to verify the identity of any person representing himself or herself as one of the employees or agents authorized to make such request or otherwise to act on behalf of the Borrower. None of the Administrative Agent, the Arrangers Agent or the Lenders shall incur any liability to the Borrower or any other Person in acting upon any telephonic or facsimile notice referred to above which the Administrative Agent or the Arrangers believes to have been given by a person duly authorized to act on behalf of the Borrower and the Borrower hereby indemnifies and holds harmless the Administrative Agent, each Arranger Agent and each other Lender from any loss or expense the Administrative Agent, the Arrangers Agent or the Lenders might incur in acting in good faith as provided in this Section SECTION 2.7.
Appears in 1 contract
AUTHORIZED AGENTS. On or before the Closing Date and from time to time thereafter, the Borrower shall deliver to the Administrative Agent an Officer’s Certificate a certificate of the Secretary or Assistant Secretary of the Company setting forth the names of the employees and agents authorized to request Loans and Letters of Credit and to request a conversion/continuation of any Loan and containing a specimen signature of each such employee or agent. The employees and agents so authorized shall also be authorized to act for the Borrower in respect of all other matters relating to the Loan Documents. The Administrative Agent, the Arrangers, the Co-Agents, Agents and the Lenders and any Issuing Bank shall be entitled to rely conclusively on such employee’s or agent’s authority to request such Loan or Letter of Credit or such conversion/continuation until the Administrative Agent and the Arrangers receive written notice to the contrary. None of the Administrative Agent or the Arrangers shall have any duty to verify the authenticity of the signature appearing on any written Notice of Borrowing or Notice of Conversion/Continuation or any other document, and, with respect to an oral request for such a Loan or Letter of Credit or such conversion/continuation, the Administrative Agent and the Arrangers shall have no duty to verify the identity of any person representing himself or herself as one of the employees or agents authorized to make such request or otherwise to act on behalf of the Borrower. None of the Administrative Agent, the Arrangers or the Lenders shall incur any liability to the Borrower or any other Person in acting upon any telephonic or facsimile notice referred to above which the Administrative Agent or the Arrangers believes to have been given by a person duly authorized to act on behalf of the Borrower and the Borrower hereby indemnifies and holds harmless the Administrative Agent, each Arranger and each other Lender from any loss or expense the Administrative Agent, the Arrangers or the Lenders might incur in acting in good faith as provided in this Section 2.72.5.
Appears in 1 contract
Samples: 364 Day Bridge Term Loan Agreement (Washington Prime Group Inc.)
AUTHORIZED AGENTS. On the Closing Date and from time to time thereafter, the Borrower shall deliver to the Administrative Payment and Disbursement Agent an Officer’s 's Certificate setting forth the names of the employees and agents authorized to request Loans and Letters of Credit and to request a conversion/continuation of any Loan and containing a specimen signature of each such employee or agent. The employees and agents so authorized shall also be authorized to act for the Borrower in respect of all other matters relating to the Loan Documents. The Administrative Payment and Disbursement Agent, the Arrangers, the Co-Agents, the Lenders and any Issuing Bank shall be entitled to rely conclusively on such employee’s 's or agent’s 's authority to request such Loan or Letter of Credit or such conversion/continuation until the Administrative Payment and Disbursement Agent and the Arrangers receive written notice to the contrary. None of the Administrative Payment and Disbursement Agent or the Arrangers shall have any duty to verify the authenticity of the signature appearing on any written Notice of Borrowing or Notice of Conversion/Continuation or any other document, and, with respect to an oral request for such a Loan or Letter of Credit or such conversion/continuation, the Administrative Payment and Disbursement Agent and the Arrangers shall have no duty to verify the identity of any person representing himself or herself as one of the employees or agents authorized to make such request or otherwise to act on behalf of the Borrower. None of the Administrative Payment and Disbursement Agent, the Arrangers or the Lenders shall incur any liability to the Borrower or any other Person in acting upon any telephonic or facsimile 39 notice referred to above which the Administrative Payment and Disbursement Agent or the Arrangers believes to have been given by a person duly authorized to act on behalf of the Borrower and the Borrower hereby indemnifies and holds harmless the Administrative Payment and Disbursement Agent, each Arranger and each other Lender from any loss or expense the Administrative Payment and Disbursement Agent, the Arrangers or the Lenders might incur in acting in good faith as provided in this Section SECTION 2.7.
Appears in 1 contract
AUTHORIZED AGENTS. On the Closing Date and from time to time thereafter, the Borrower shall deliver to the Administrative Agent an Officer’s 's Certificate setting forth the names of the employees and agents authorized to request Loans and Letters of Credit and to request a conversion/continuation of any Loan and containing a specimen signature of each such employee or agent. The employees and agents so authorized shall also be authorized to act for the Borrower in respect of all other matters relating to the Loan Documents. The Administrative Agent, the Arrangers, the Co-Agents, Agents and the Lenders and any Issuing Bank shall be entitled to rely conclusively on such employee’s 's or agent’s 's authority to request such Loan or Letter of Credit or such conversion/continuation until the Administrative Agent and the Arrangers receive receives written notice to the contrary. None of the The Administrative Agent or the Arrangers shall have any no duty to verify the authenticity of the signature appearing on any written Notice notice of Borrowing borrowing or Notice of Conversion/Continuation or any other document, and, with respect to an oral request for such a any Loan or Letter of Credit or such any conversion/continuation, the Administrative Agent and the Arrangers shall have no duty to verify the identity of any person representing himself or herself as one of the employees or agents authorized to make such request or otherwise to act on behalf of the Borrower. None of the Administrative Agent, the Arrangers Co-Agents or the Lenders shall incur any liability to the Borrower or any other Person in acting upon any telephonic or facsimile notice referred to above which the Administrative such Co-Agent or the Arrangers such Lender reasonably believes to have been given by a person duly authorized to act on behalf of the Borrower and the Borrower hereby indemnifies and holds harmless the Administrative Agent, each Arranger Co-Agent and each other Lender from any loss or expense the Administrative Agent, the Arrangers Co-Agents or the Lenders might incur in acting in good faith as provided in this Section 2.7, provided, however, that the Borrower shall not indemnify or hold harmless either Co-Agent or any Lender from any loss or expense incurred as the result of such Co-Agent's or such Lender's gross negligence or willful misconduct.
Appears in 1 contract
Samples: Term Loan Agreement (General Growth Properties Inc)
AUTHORIZED AGENTS. On the Closing Date and from time to time thereafterthere after, the Borrower shall deliver to the Administrative Payment and Disbursement Agent an Officer’s 's Certificate setting forth the names of the employees and agents authorized autho rized to request Loans and Letters of Credit and to request a conversion/continuation con tinuation of any Loan and containing a specimen signature of each such employee or agent. The employees and agents so authorized shall also be authorized to act for the Borrower in respect of all other matters relating to the Loan DocumentsDocu ments. The Administrative Payment and Disbursement Agent, the Arrangers, the Co-Agents, the Lenders and any Issuing Bank shall be entitled to rely conclusively on such employee’s 's or agent’s 's authority to request such Loan or Letter of Credit or such conversion/continuation until the Administrative Payment and Disbursement Agent and the Arrangers receive written notice to the contrary. None of the Administrative Payment and Disbursement Agent or the Arrangers shall have any duty to verify the authenticity authen ticity of the signature appearing on any written Notice of Borrowing or Notice of Conversion/Continuation or any other document, and, with respect to an oral request for such a Loan or Letter of Credit or such conversion/continuation, the Administrative Payment and Disbursement Agent and the Arrangers shall have no duty to verify the identity of any person representing himself or herself as one of the employees or agents authorized to make such request or otherwise to act on behalf of the Borrower. None of the Administrative Payment and Disbursement Agent, the Arrangers or the Lenders shall incur any liability to the Borrower or any other Person in acting upon any telephonic or facsimile notice referred to above which the Administrative Payment and Disbursement Agent or the Arrangers believes to have been given by a person duly authorized to act on behalf of the Borrower and the Borrower hereby indemnifies and holds harmless the Administrative Payment and Disbursement Agent, each Arranger and each other Lender from any loss or expense the Administrative Payment and Disbursement Agent, the Arrangers or the Lenders might incur in acting in good faith as provided in this Section 2.7.
Appears in 1 contract
AUTHORIZED AGENTS. On the Closing Date and from time to time thereafter, the Borrower Borrowers' Representative shall deliver to the Administrative Agent an Officer’s Certificate Lender a certificate from a Responsible Officer setting forth the names of the employees and agents authorized to request Loans and Letters of Credit for each Borrower and to request a conversion/continuation of any Loan and containing a specimen signature of each such employee or agent. The employees and agents so authorized shall also be authorized to act for the any Borrower in respect of all other matters relating to the Loan Documents. The Administrative Agent, the Arrangers, the Co-Agents, the Lenders and any Issuing Bank Lender shall be entitled to rely conclusively on such employee’s 's or agent’s 's authority to request such Loan or Letter of Credit or such conversion/continuation until the Administrative Agent and the Arrangers Lender receive written notice to the contrary. None of the Administrative Agent or the Arrangers The Lender shall not have any duty to verify the authenticity of the signature appearing on any written Notice of Borrowing or Notice of Conversion/Continuation or any other document, and, with respect to an oral request for such a Loan or Letter of Credit or such conversion/continuation, the Administrative Agent and the Arrangers Lender shall have no duty to verify the identity of any person representing himself or herself as one of the employees or agents authorized to make such request or otherwise to act on behalf of the such Borrower. None of the Administrative Agent, the Arrangers or the Lenders Lender shall not incur any liability to the any Borrower or any other Person in acting upon any telephonic or facsimile notice referred to above which the Administrative Agent or the Arrangers Lender believes to have been given by a person duly authorized to act on behalf of the such Borrower and the such Borrower hereby indemnifies and holds harmless the Administrative Agent, each Arranger and each other Lender from any loss or expense the Administrative Agent, the Arrangers or the Lenders Lender might incur in acting in good faith as provided in this Section 2.72.2.
Appears in 1 contract
Samples: Unsecured Revolving Credit Agreement (Lexington Corporate Properties Trust)
AUTHORIZED AGENTS. On the Closing Date and from time to time thereafter, the Borrower shall deliver to the Administrative Payment and Disbursement Agent an Officer’s 's Certificate setting forth the names of the employees and agents authorized to request Loans and Letters of Credit and to request a conversion/continuation of any Loan and containing a specimen signature of each such employee or agent. The employees and agents so authorized shall also be authorized to act for the Borrower in respect of all other matters relating to the Loan Documents. The Administrative Payment and Disbursement Agent, the Arrangers, the Co-Agents, the Lenders and any Issuing Bank shall be entitled to rely conclusively on such employee’s 's or agent’s 's authority to request such Loan or Letter of Credit or such conversion/continuation until the Administrative Payment and Disbursement Agent and the Arrangers receive written notice to the contrary. None of the Administrative Payment and Disbursement Agent or the Arrangers shall have any duty to verify the authenticity of the signature appearing on any written Notice of Borrowing or Notice of Conversion/Continuation or any other document, and, with respect to an oral request for such a Loan or Letter of Credit or such conversion/continuation, the Administrative Payment and Disbursement Agent and the Arrangers shall have no duty to verify the identity of any person representing himself or herself as one of the employees or agents authorized to make such request or otherwise to act on behalf of the Borrower. None of the Administrative Payment and Disbursement Agent, the Arrangers or the Lenders shall incur any liability to the Borrower or any other Person in acting upon any telephonic or facsimile notice referred to above which the Administrative Payment and Disbursement Agent or the Arrangers believes to have been given by a person duly authorized to act on behalf of the Borrower and the Borrower hereby indemnifies and holds harmless the Administrative Payment and Disbursement Agent, each Arranger and each other Lender from any loss or expense the Administrative Payment and Disbursement Agent, the Arrangers or the Lenders might incur in acting in good faith as provided in this Section SECTION 2.7.
Appears in 1 contract
AUTHORIZED AGENTS. On the Closing Date and from time to time thereafter, the Borrower shall deliver to the Administrative Agent an Officer’s 's Certificate setting forth the names of the employees and agents authorized to request Loans and Letters of Credit and to request a conversion/continuation of any Loan and containing a specimen signature of each such employee or agent. The employees and agents so authorized shall also be authorized to act for the Borrower in respect of all other matters relating to the Loan Documents. The Administrative Agent, the Arrangers, the Co-Agents, Agent and the Lenders and any Issuing Bank shall be entitled to rely conclusively on such employee’s 's or agent’s 's authority to request such Loan or Letter of Credit or such conversion/continuation until the Administrative Agent and the Arrangers receive receives written notice to the contrary. None of the The Administrative Agent or the Arrangers shall have any no duty to verify the authenticity of the signature appearing on any written Notice of Borrowing or Notice of Conversion/Continuation or any other document, and, with respect to an oral request for such a any Loan or Letter of Credit or such any conversion/continuation, the Administrative Agent and the Arrangers shall have no duty to verify the identity of any person representing himself or herself as one of the employees or agents authorized to make such request or otherwise to act on behalf of the Borrower. None of the Administrative Agent, the Arrangers Agent or the Lenders shall incur any liability to the Borrower or any other Person in acting upon any telephonic or facsimile notice referred to above which the Administrative Agent or the Arrangers such Lender reasonably believes to have been given by a person duly authorized to act on behalf of the Borrower and the Borrower hereby indemnifies and holds harmless the Administrative Agent, each Arranger Agent and each other Lender from any loss or expense the Administrative Agent, the Arrangers Agent or the Lenders might incur in acting in good faith as provided in this Section SECTION 2.7, provided however that the Borrower shall not indemnify or hold harmless the Administrative Agent or any other Lender from any loss or expense incurred as the result of the Administrative Agent's or such Lender's gross negligence or willful misconduct.
Appears in 1 contract
Samples: Revolving and Term Credit Agreement (General Growth Properties Inc)
AUTHORIZED AGENTS. On the Closing Date and from time to time thereafter, the Borrower shall deliver to the Administrative Agent an Officer’s Certificate setting forth the names of the employees and agents authorized to request Loans and Letters of Credit and to request a conversion/continuation of any Loan and containing a specimen signature of each such employee or agent. The employees and agents so authorized shall also be authorized to act for the Borrower in respect of all other matters relating to the Loan Documents. The Administrative Agent, the ArrangersArranger, the Co-Agents, Agents and the Lenders and any Issuing Bank shall be entitled to rely conclusively on such employee’s or agent’s authority to request such Loan or Letter of Credit or such conversion/continuation until the Administrative Agent and the Arrangers Arranger receive written notice to the contrary. None of the Administrative Agent or the Arrangers Arranger shall have any duty to verify the authenticity of the signature appearing on any written Notice of Borrowing or Notice of Conversion/Continuation or any other document, and, with respect to an oral request for such a Loan or Letter of Credit or such conversion/continuation, the Administrative Agent and the Arrangers Arranger shall have no duty to verify the identity of any person representing himself or herself as one of the employees or agents authorized to make such request or otherwise to act on behalf of the Borrower. None of the Administrative Agent, the Arrangers Arranger or the Lenders shall incur any liability to the Borrower or any other Person in acting upon any telephonic or facsimile notice referred to above which the Administrative Agent or the Arrangers Arranger believes to have been given by a person duly authorized to act on behalf of the Borrower and the Borrower hereby indemnifies and holds harmless the Administrative Agent, each the Arranger and each other Lender from any loss or expense the Administrative Agent, the Arrangers Arranger or the Lenders might incur in acting in good faith as provided in this Section 2.7.
Appears in 1 contract
AUTHORIZED AGENTS. On the Closing Date and from time to time thereafter, the Borrower shall deliver to the Administrative Agent an Officer’s Certificate setting forth the names of the employees and agents authorized to request Loans and Letters of Credit and to request a conversion/continuation of any Loan and containing a specimen signature of each such employee or agent. The employees and agents so authorized shall also be authorized to act for the Borrower in respect of all other matters relating to the Loan Documents. The Administrative Agent, the ArrangersArranger, the Co-Agents, Agents and the Lenders and any Issuing Bank shall be entitled to rely conclusively on such employee’s or agent’s authority to request such Loan or Letter of Credit or such conversion/continuation until the Administrative Agent and the Arrangers Arranger receive written notice to the contrary. None of the Administrative Agent or the Arrangers Arranger shall have any duty to verify the authenticity of the signature appearing on any written Notice of Borrowing or Notice of Conversion/Continuation or any other document, and, with respect to an oral request for such a Loan or Letter of Credit or such conversion/continuation, the Administrative Agent and the Arrangers Arranger shall have no duty to verify the identity of any person representing himself or herself as one of the employees or agents authorized to make such request or otherwise to act on behalf of the Borrower. None of the Administrative Agent, the Arrangers Arranger or the Lenders shall incur any liability to the Borrower or any other Person in acting upon any telephonic telephonicelectronic, written or facsimile notice referred to above which the Administrative Agent or the Arrangers Arranger believes to have been given by a person duly authorized to act on behalf of the Borrower and the Borrower hereby indemnifies and holds harmless the Administrative Agent, each the Arranger and each other Lender from any loss or expense the Administrative Agent, the Arrangers Arranger or the Lenders might incur in acting in good faith as provided in this Section 2.7.
Appears in 1 contract
AUTHORIZED AGENTS. On the Closing Date and from time to time thereafter, the Borrower Borrowers' Representative shall deliver to the Administrative Agent an Officer’s Certificate a certificate from a Responsible Officer setting forth the names of the employees and agents authorized to request Loans and Letters of Credit for each Borrower and to request a conversion/continuation of any Loan and containing a specimen signature of each such employee or agent. The employees and agents so authorized shall also be authorized to act for the any Borrower in respect of all other matters relating to the Loan Documents. The Administrative Agent, the Arrangers, the Co-Agents, the Lenders and any Issuing Bank Banks shall be entitled to rely conclusively on such employee’s 's or agent’s 's authority to request such Loan or Letter of Credit or such conversion/continuation until the Administrative Agent and the Arrangers receive receives written notice to the contrary. None of the Administrative Agent Agent, the Lenders, or the Arrangers Issuing Banks shall have any duty to verify the authenticity of the signature appearing on any written Notice of Borrowing or Notice of Conversion/Continuation or any other document, and, with respect to an oral request for such a Loan or Letter of Credit or such conversion/continuation, the Administrative Agent and the Arrangers shall have no duty to verify the identity of any person representing himself or herself as one of the employees or agents authorized to make such request or otherwise to act on behalf of the such Borrower. None of the Administrative Agent, the Arrangers any Lender or the Lenders any Issuing Bank shall incur any liability to the any Borrower or any other Person in acting upon any telephonic or facsimile notice referred to above which the Administrative Agent Agent, such Lender, or the Arrangers such Issuing Bank believes to have been given by a person duly authorized to act on behalf of the such Borrower and the such Borrower hereby indemnifies and holds harmless the Administrative Agent, each Arranger Lender and each other Lender Issuing Bank from any loss or expense the Administrative Agent, Lenders and/or the Arrangers or the Lenders Issuing Banks might incur in acting in good faith as provided in this Section 2.72.1.
Appears in 1 contract
Samples: Senior Unsecured Revolving Credit Agreement (Lexington Corporate Properties Trust)