Borrower's Authorization. It is not necessary for Purchasers to inquire into the powers of Borrower or of the officers, directors or agents acting or purporting to act on its behalf, and any Indebtedness made or created in reliance upon the professed exercise of such powers shall be guaranteed hereunder.
Appears in 4 contracts
Samples: Securities Purchase Agreement (Eyes on the Go, Inc.), Securities Purchase Agreement (Silverstar Holdings LTD), Securities Purchase Agreement (Adrenalina)
Borrower's Authorization. It is not necessary for Purchasers Lenders to inquire into the powers of Borrower or of the officers, directors directors, or agents acting or purporting to act on its behalf, and any Indebtedness made or created in reliance upon the professed exercise of such powers shall be guaranteed hereunder, subject to any limitations on each Guarantor's liability set forth herein.
Appears in 2 contracts
Samples: Ashworth Inc, Ashworth Inc
Borrower's Authorization. It is not necessary for Purchasers Lender to inquire into the powers of Borrower Borrowers or of the officers, directors directors, partners, members, managers, or agents acting or purporting to act on its behalf, and any Indebtedness made or created in reliance upon the professed exercise of such powers shall be guaranteed hereunder, subject to any limitations on Guarantor's liability set forth herein.
Appears in 1 contract
Samples: Sysorex Global Holdings Corp.
Borrower's Authorization. It is not necessary for Purchasers Lender to inquire into the powers of Borrower or of the officers, directors directors, partners, members, managers, or agents acting or purporting to act on its behalf, and any Indebtedness made or created in reliance upon the professed exercise of such powers shall be guaranteed hereunder, subject to any limitations on Guarantor’s liability set forth herein.
Appears in 1 contract
