Common use of Authorized Officers and Administrative Agents Clause in Contracts

Authorized Officers and Administrative Agents. The Borrower shall deliver to each Administrative Agent from time to time an Officer's Certificate setting forth the names of the officers, 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 officer, employee or agent. The officers, 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 Agents shall be entitled to rely conclusively on such officer's or employee's authority to request such Loan, Letter of Credit or such conversion/continuation until the Administrative Agents receive written notice to the contrary. The Administrative Agents shall have 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 Loan, Letter of Credit or such conversion/continuation, the Administrative Agents shall have no duty to verify the identity of any person representing himself or herself as one of the officers, employees or agents authorized to make such request or otherwise to act on behalf of the Borrower. None of the Administrative Agents, the Lenders or the Issuing Banks shall incur any liability to the Borrower or any other Person in acting upon any telephonic notice referred to above which any Administrative Agent believes in good faith to have been given by a duly authorized officer or other person authorized to borrow behalf of the Borrower.

Appears in 3 contracts

Samples: Credit Agreement (Foamex Capital Corp), Credit Agreement (Foamex Capital Corp), Credit Agreement (Foamex Capital Corp)

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Authorized Officers and Administrative Agents. The On the Closing Date and from time to time thereafter, each Borrower shall deliver to each the Administrative Agent from time to time an Officer's Certificate setting forth the names of the officers, employees officers of the general partner and agents of such Borrower authorized to request Loans and Loans, Letters of Credit and to request a conversion/continuation Acceptances on behalf of any Loan such Borrower and containing a specimen signature of each such officer, employee officer or agent. The officers, employees officers and agents so authorized shall also be authorized to act for the such Borrower in respect of all other matters relating to the Loan Documents. The Administrative Agents Agent shall be entitled to rely conclusively on such officer's or employeeagent's authority to request such Loan, Letter of Credit or such conversion/continuation Acceptance until the Administrative Agents receive Agent receives written notice to the contrary. In addition, the Administrative Agent shall be entitled to rely conclusively on any written notice sent to it by telecopy. The Administrative Agents Agent shall have no duty to verify the authenticity of the signature appearing on on, or any telecopy or facsimile of, any written Notice of Borrowing or Borrowing, Notice of Conversion/Continuation Letter of Credit Issuance, Request for Acceptance or any other document, and, with respect to an oral request for such a Loan, Letter of Credit or such conversion/continuationAcceptance, the Administrative Agents Agent shall have no duty to verify the identity of any person representing himself or herself as one of the officers, employees officers or agents authorized to make such request or otherwise to act on behalf of the such Borrower. None of the Administrative AgentsAgent, the Lenders any Lender or the any Issuing Banks Bank shall incur any liability to any of the Borrower Borrowers or any other Person in acting upon any telecopy or facsimile or telephonic notice referred to above which any the Administrative Agent believes in good faith to have been given by a duly authorized officer or other person authorized to borrow on behalf of the such Borrower.

Appears in 3 contracts

Samples: Credit Agreement (Donna Karan International Inc), Credit Agreement (Donna Karan International Inc), Credit Agreement (Donna Karan International Inc)

Authorized Officers and Administrative Agents. The Borrower shall deliver to each Administrative Agent On the Closing Date and from time to time thereafter, the Borrowers shall deliver to the Administrative Agent an Officer's Officers' Certificate setting forth the names of the officers, employees and agents authorized to request Revolving Loans, Swing Loans, Overdraft Loans and Letters of Credit and to request a conversion/continuation of any Loan and containing a specimen signature of each such officer, employee or agent. The officers, 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 Agents Agent shall be entitled to rely conclusively on such officer's or employee's authority to request such Loan, Loan or Letter of Credit or such conversion/continuation until the Administrative Agents receive Agent receives written notice to the contrary. In addition, the Administrative Agent shall be entitled to rely conclusively on any written notice sent to it by telecopy. The Administrative Agents Agent shall have no duty to verify the authenticity of the signature appearing on on, or any telecopy or facsimile of, 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, Loan or Letter of Credit or such conversion/continuationCredit, the Administrative Agents Agent shall have no duty to verify the identity of any person representing himself or herself as one of the officers, employees or agents authorized to make such request or otherwise to act on behalf of the BorrowerBorrowers. None of the Administrative AgentsAgent, the Lenders any Lender or the Issuing Banks Bank shall incur any liability to the Borrower Borrowers or any other Person in acting upon any telecopy or facsimile or telephonic notice referred to above which any the Administrative Agent reasonably believes in good faith to have been given by a duly authorized officer or other person authorized to borrow act on behalf of the BorrowerBorrowers.

Appears in 1 contract

Samples: Credit Agreement (Hyster Overseas Capital Corp LLC)

Authorized Officers and Administrative Agents. The Each Borrower shall deliver to each Administrative Agent from time to time an Officer's Certificate setting forth the names of the officers, 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 officer, employee or agent. The officers, employees and agents so authorized shall also be authorized to act for the such Borrower in respect of all other matters relating to the Loan Documents. The Administrative Agents shall be entitled to rely conclusively on such officer's or employee's authority to request such Loan, Letter of Credit or such conversion/continuation until the Administrative Agents receive written notice to the contrary. The Administrative Agents shall have no duty to verify the authenticity of the signature appearing on any written Notice of Borrowing, Term Notice of Borrowing or Notice of Conversion/Continuation or any other document, and, with respect to an oral request for such a Loan, Letter of Credit or such conversion/continuation, the Administrative Agents shall have no duty to verify the identity of any person representing himself or herself as one of the officers, employees or agents authorized to make such request or otherwise to act on behalf of the such Borrower. None of the Administrative Agents, the Lenders or the Issuing Banks shall incur any liability to the either Borrower or any other Person in acting upon any telephonic notice referred to above which any Administrative Agent believes in good faith to have been given by a duly authorized officer or other person authorized to borrow behalf of the such Borrower.

Appears in 1 contract

Samples: Credit Agreement (Foamex International Inc)

Authorized Officers and Administrative Agents. The Borrower shall deliver to each Administrative Agent On the Closing Date and from time to time thereafter, the Borrowers shall deliver to the Administrative Agent an Officer's Officers' Certificate setting forth the names of the officers, employees and agents authorized to request Revolving Loans, Swing Loans, Overdraft Loans and Letters of Credit and to request a conversion/continuation of any Loan and containing a specimen signature of each such officer, employee or agent. The officers, 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 Agents Agent shall be entitled to rely conclusively on such officer's or employee's authority to request such Loan, Loan or Letter of Credit or such conversion/continuation until the Administrative Agents receive Agent receives written notice to the contrary. In addition, the Administrative Agent shall be entitled to rely conclusively on any written notice sent to it by telecopy. The Administrative Agents Agent shall have no duty to verify the authenticity of the signature appearing on on, or any telecopy or facsimile of, 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, Loan or Letter of Credit or such conversion/continuationCredit, the Administrative Agents Agent shall have no duty to verify the identity of any person representing himself or herself as one of the officers, employees or agents authorized to make such request or otherwise to act on behalf of the BorrowerBorrowers. None of the Administrative AgentsAgent, the Lenders any Lender or the any Issuing Banks Bank shall incur any liability to the Borrower Borrowers or any other Person in acting upon any telecopy or facsimile or telephonic notice referred to above which any the Administrative Agent reasonably believes in good faith to have been given by a duly authorized officer or other person authorized to borrow act on behalf of the BorrowerBorrowers.

Appears in 1 contract

Samples: Credit Agreement (Nacco Industries Inc)

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Authorized Officers and Administrative Agents. The Borrower shall deliver to each Administrative Agent On the Closing Date and from time to time thereafter, the Borrowers shall deliver to the Administrative Agent an Officer's Officers’ Certificate setting forth the names of the officers, employees and agents authorized to request Revolving Loans, Swing Loans, Overdraft Loans and Letters of Credit and to request a conversion/continuation of any Loan and containing a specimen signature of each such officer, employee or agent. The officers, 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 Agents Agent shall be entitled to rely conclusively on such officer's ’s or employee's ’s authority to request such Loan, Loan or Letter of Credit or such conversion/continuation until the Administrative Agents receive Agent receives written notice to the contrary. In addition, the Administrative Agent shall be entitled to rely conclusively on any written notice sent to it by telecopy. The Administrative Agents Agent shall have no duty to verify the authenticity of the signature appearing on on, or any telecopy or facsimile of, 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, Loan or Letter of Credit or such conversion/continuationCredit, the Administrative Agents Agent shall have no duty to verify the identity of any person representing himself or herself as one of the officers, employees or agents authorized to make such request or otherwise to act on behalf of the BorrowerBorrowers. None of the Administrative AgentsAgent, the Lenders any Lender or the any Issuing Banks Bank shall incur any liability to the Borrower Borrowers or any other Person in acting upon any telecopy or facsimile or telephonic notice referred to above which any the Administrative Agent reasonably believes in good faith to have been given by a duly authorized officer or other person authorized to borrow act on behalf of the BorrowerBorrowers.

Appears in 1 contract

Samples: Credit Agreement (Nacco Industries Inc)

Authorized Officers and Administrative Agents. The Borrower shall deliver to each Administrative Agent On the Closing Date and from time to time thereafter, the Borrowers shall deliver to the Administrative Agent an Officer's Officers’ Certificate setting forth the names of the officers, employees and agents authorized to request Revolving Loans, Swing Loans, Overdraft Loans and Letters of Credit and to request a conversion/continuation of any Loan and containing a specimen signature of each such officer, employee or agent. The officers, 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 Agents Agent shall be entitled to rely conclusively on such officer's ’s or employee's ’s authority to request such Loan, Loan or Letter of Credit or such conversion/continuation until the Administrative Agents receive Agent receives written notice to the contrary. In addition, the Administrative Agent shall be entitled to rely conclusively on any written notice sent to it by telecopy. The Administrative Agents Agent shall have no duty to verify the authenticity of the signature appearing on on, or any telecopy or facsimile of, 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, Loan or Letter of Credit or such conversion/continuationCredit, the Administrative Agents Agent shall have no duty to verify the identity of any person representing himself or herself as one of the officers, employees or agents authorized to make such request or otherwise to act on behalf of the BorrowerBorrowers. None of the Administrative AgentsAgent, the Lenders any Lender or the Issuing Banks Bank shall incur any liability to the Borrower Borrowers or any other Person in acting upon any telecopy or facsimile or telephonic notice referred to above which any the Administrative Agent reasonably believes in good faith to have been given by a duly authorized officer or other person authorized to borrow act on behalf of the BorrowerBorrowers.

Appears in 1 contract

Samples: Credit Agreement (NMHG Holding Co)

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