Common use of Authorized Officers and Administrative Agents Clause in Contracts

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

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

Appears in 3 contracts

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

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

Appears in 1 contract

Samples: Credit Agreement (Nacco Industries Inc)

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

Appears in 1 contract

Samples: Credit Agreement (NMHG Holding Co)

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

Appears in 1 contract

Samples: Credit Agreement (Foamex International Inc)

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

Appears in 1 contract

Samples: Credit Agreement (Nacco Industries Inc)

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

Appears in 1 contract

Samples: Credit Agreement (Hyster Overseas Capital Corp LLC)

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