Common use of Borrower Agent Clause in Contracts

Borrower Agent. Each Obligor hereby irrevocably appoints MasTec and MasTec agrees to act under this Agreement, as the agent and representative of itself and each other Obligor for all purposes under this Agreement (in such capacity, “Borrower Agent”), including requesting Borrowings, selecting whether any Loan or portion thereof is to bear interest as a Base Rate Loan or a LIBOR Loan, and receiving account statements and other notices and communications to Obligors (or any of them) from Agent. Agent may rely, and shall be fully protected in relying, on any Notice of Borrowing, Notice of Conversion/Continuation, disbursement instructions, reports, information, Borrowing Base Certificate or any other notice or communication made or given by Borrower Agent, whether in its own name, on behalf of any Obligor or on behalf of “the Borrowers” or “the Obligors,” and Agent shall have no obligation to make any inquiry or request any confirmation from or on behalf of any other Borrower as to the binding effect on such Obligor of any such Notice of Borrowing, Notice of Conversion Continuation, instruction, report, information, Borrowing Base Certificate or other notice or communication, nor shall the joint and several character of Borrowers’ liability for the Obligations be affected, provided that the provisions of this Section 4.4 shall not be construed so as to preclude any Borrower from directly requesting Borrowings or taking other actions permitted to be taken by “a Borrower” hereunder. Agent may maintain a single Loan Account in the name of “MasTec” hereunder, and each Borrower expressly agrees to such arrangement and confirms that such arrangement shall have no effect on the joint and several character of such Borrower’s liability for the Obligations.

Appears in 1 contract

Samples: Loan and Security Agreement (Mastec Inc)

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Borrower Agent. Each Obligor hereby irrevocably appoints MasTec and MasTec agrees to act under this Agreement, as the agent and representative of itself and each other Obligor for all purposes under this Agreement (in such capacity, "Borrower Agent"), including requesting Borrowings, selecting whether any Loan or portion thereof is to bear interest as a Base Rate Loan or a LIBOR Loan, and receiving account statements and other notices and communications to Obligors (or any of them) from Agent. Agent may rely, and shall be fully protected in relying, on any Notice of Borrowing, Notice of Conversion/Continuation, disbursement instructions, reports, information, Borrowing Base Certificate or any other notice or communication made or given by Borrower Agent, whether in its own name, on behalf of any Obligor or on behalf of "the Borrowers" or "the Obligors," and Agent shall have no obligation to make any inquiry or request any confirmation from or on behalf of any other Borrower as to the binding effect on such Obligor of any such Notice of Borrowing, Notice of Conversion Continuation, instruction, report, information, Borrowing Base Certificate or other notice or communication, nor shall the joint and several character of Borrowers' liability for the Obligations be affected, provided that the provisions of this Section SECTION 4.4 shall not be construed so as to preclude any Borrower from directly requesting Borrowings or taking other actions permitted to be taken by "a Borrower" hereunder. Agent may maintain a single Loan Account in the name of "MasTec" hereunder, and each Borrower expressly agrees to such arrangement and confirms that such arrangement shall have no effect on the joint and several character of such Borrower’s 's liability for the Obligations.

Appears in 1 contract

Samples: Loan and Security Agreement (Mastec Inc)

Borrower Agent. Each Obligor Borrower hereby irrevocably appoints MasTec IHC, and MasTec IHC agrees to act under this Agreement, as the agent and representative of itself and each other Obligor Borrower for all purposes under this Agreement (in such capacity, “Borrower Agent”), including requesting Borrowings, selecting whether any Loan or portion thereof is to bear interest as a Base Rate Loan or a LIBOR Loan, and receiving account statements and other notices and communications to Obligors Borrowers (or any of them) from Administrative Agent. Administrative Agent may rely, and shall be fully protected in relying, on any Notice of Borrowing, Notice of Conversion/Continuation, disbursement instructions, reports, information, Borrowing Base Certificate or any other notice or communication made or given by Borrower Agent, whether in its own name, on behalf of any Obligor Borrower or on behalf of “the Borrowers” or “the Obligors,” and Administrative Agent shall have no obligation to make any inquiry or request any confirmation from or on behalf of any other Borrower as to the binding effect on such Obligor Borrower of any such Notice of Borrowing, Notice of Conversion Continuation, instruction, report, information, Borrowing Base Certificate or other notice or communication, nor shall the joint and several character of Borrowers’ liability for the Obligations be affected, provided that the provisions of this Section 4.4 shall not be construed so as to preclude any Borrower from directly requesting Borrowings or taking other actions permitted to be taken by “a Borrower” hereunder. Administrative Agent may maintain a single Loan Account in the name of “MasTecInSight Health Corp.” hereunder, and each Borrower expressly agrees to such arrangement and confirms that such arrangement shall have no effect on the joint and several character of such Borrower’s liability for the Obligations.

Appears in 1 contract

Samples: Loan and Security Agreement (Insight Health Services Holdings Corp)

Borrower Agent. Each Obligor Borrower hereby irrevocably appoints MasTec Transit -------------- Group, and MasTec Transit Group agrees to act under this Agreement, as the agent and representative of itself and each other Obligor Borrower for all purposes under this Agreement (in such capacity, “Borrower Agent”)Agreement, including requesting Borrowings, selecting whether any Loan or portion thereof is to bear interest as a Base Rate Loan or a LIBOR Loan, and receiving account statements and other notices and communications to Obligors Borrowers (or any of them) from AgentLender. Agent Lender may rely, and shall be fully protected in relying, on any Notice of Borrowing, Notice of Conversion/Continuation, disbursement instructions, reports, information, Borrowing Base Certificate information or any other notice or communication made or given by Borrower AgentTransit Group, whether in its own name, on behalf of any Obligor Borrower or on behalf of "the Borrowers” or “the Obligors," and Agent Lender shall have no obligation to make any inquiry or request any confirmation from or on behalf of any other Borrower as to the binding effect on such Obligor Borrower of any such Notice of Borrowing, Notice of Conversion Continuationrequest, instruction, report, information, Borrowing Base Certificate or other notice or communication, nor shall the joint and several character of Borrowers' liability for any of the Revolving Loans or other Obligations be affected, provided that the provisions of this Section 4.4 2.3 shall not be construed so as to preclude any Borrower from directly requesting Borrowings Revolving Loans or taking other actions permitted to be taken by "a Borrower" hereunder. Agent may Lender intends to maintain a single Loan Account loan account in the name of “MasTec” "Transit Group" hereunder, and each Borrower expressly agrees to such arrangement and confirms that such arrangement shall have no effect on the joint and several character of such Borrower’s 's liability for the Revolving Loans and other Obligations.

Appears in 1 contract

Samples: Loan and Security Agreement (Transit Group Inc)

Borrower Agent. Each Obligor Borrower hereby irrevocably appoints MasTec The Holding Company Borrower and MasTec The Holding Company Borrower agrees to act under this Agreement, as the agent and representative of itself and each other Obligor Borrower for all purposes under this Agreement (in such capacity, "Borrower Agent"), including requesting BorrowingsRevolving Loans, selecting whether any Loan or portion thereof is to bear interest as a Base Prime Rate Loan or a LIBOR Rate Loan, and receiving account statements and other notices and communications to Obligors Borrowers (or any of them) from Agent. Agent may rely, and shall be fully protected in relying, on any Notice of Borrowing, Notice of Conversion/ContinuationLoan Request, disbursement instructions, reports, information, Borrowing Base Certificate or any other notice or communication made or given by Borrower Agent, whether either in its own name, on behalf of any Obligor a Borrower or on behalf of "the Borrowers” or “the Obligors," and Agent shall have no obligation to make any inquiry or request any confirmation from or on behalf of any other Borrower as to the binding effect on such Obligor Borrower of any such Notice of Borrowing, Notice of Conversion ContinuationLoan Request, instruction, report, information, Borrowing Base Certificate or other notice or communication, nor shall the joint and several character of Borrowers' liability for the Obligations be affected, provided that the provisions of this Section 4.4 4.10 shall not be construed so as to preclude any either a Borrower from directly requesting Borrowings or taking other actions permitted to be taken by "a Borrower" hereunder. Agent may maintain a single Loan Account loan account in the name of “MasTec” "Euronet Worldwide, Inc." hereunder, and each Borrower expressly agrees to such arrangement and confirms that such arrangement shall have no effect on the joint and several character of such Borrower’s 's liability for the Obligations.

Appears in 1 contract

Samples: Credit Agreement (Euronet Worldwide Inc)

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Borrower Agent. Each Obligor Borrower hereby irrevocably appoints MasTec Euronet Worldwide, Inc. and MasTec Euronet Worldwide, Inc. agrees to act under this Agreement, as the agent and representative of itself and each other Obligor Borrower for all purposes under this Agreement (in such capacity, "Borrower Agent"), including requesting BorrowingsRevolving Loans, selecting whether any Loan or portion thereof is to bear interest as a Base Rate Loan be denominated in Euros or a LIBOR LoanGBPs, and receiving account statements and other notices and communications to Obligors Borrowers (or any of them) from Agent. Agent may rely, and shall be fully protected in relying, on any Notice of Borrowing, Notice of Conversion/ContinuationLoan Request, disbursement instructions, reports, information, Borrowing Base Certificate or any other notice or communication made or given by Borrower Agent, whether either in its own name, on behalf of any Obligor either Borrower or on behalf of "the Borrowers” or “the Obligors," and Agent shall have no obligation to make any inquiry or request any confirmation from or on behalf of any other Borrower as to the binding effect on such Obligor Borrower of any such Notice of Borrowing, Notice of Conversion ContinuationLoan Request, instruction, report, information, Borrowing Base Certificate or other notice or communication, nor shall the joint and several character of Borrowers' liability for the Obligations be affected, provided that the provisions of this Section 4.4 4.10 shall not be construed so as to preclude any either Borrower from directly requesting Borrowings or taking other actions permitted to be taken by "a Borrower" hereunder. Agent may maintain a single Loan Account loan account in the name of “MasTec” "e-pay/Delta" hereunder, and each Borrower expressly agrees to such arrangement and confirms that such arrangement shall have no effect on the joint and several character of such Borrower’s 's liability for the Obligations.

Appears in 1 contract

Samples: Credit Agreement (Euronet Worldwide Inc)

Borrower Agent. Each Obligor Borrower hereby irrevocably appoints MasTec PNA and MasTec PNA agrees to act under this Agreement, as the agent and representative of itself and each other Obligor Borrower for all purposes under this Agreement (in such capacity, “Borrower Agent”), including requesting Borrowings, selecting whether any Loan or portion thereof is to bear interest as a Base Rate Loan or a LIBOR Loan, and receiving account statements and other notices and communications to Obligors Borrowers (or any of them) from Administrative Agent. Administrative Agent may rely, and shall be fully protected in relying, on any Notice of Borrowing, Notice of Conversion/Continuation, disbursement instructions, reports, information, Borrowing Base Certificate or any other notice or communication made or given by Borrower Agent], whether in its own name, on behalf of any Obligor Borrower or on behalf of “the Borrowers” or “the Obligors,” and Administrative Agent shall have no obligation to make any inquiry or request any confirmation from or on behalf of any other Borrower as to the binding effect on such Obligor Borrower of any such Notice of Borrowing, Notice of Conversion Continuation, instruction, report, information, Borrowing Base Certificate or other notice or communicationcommunication from Borrower Agent, nor shall the joint and several character of Borrowers’ liability for the Obligations be affected, provided that the provisions of this Section 4.4 shall not be construed so as to preclude any Borrower from directly requesting Borrowings or taking other actions permitted to be taken by “a Borrower” hereunder. Administrative Agent may maintain a single Loan Account in the name of “MasTecPNA Group, Inc.” hereunder, and each Borrower expressly agrees to such arrangement and confirms that such arrangement shall have no effect on the joint and several character of such Borrower’s liability for the Obligations.

Appears in 1 contract

Samples: Credit and Security Agreement (PNA Group Holding CORP)

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