Common use of Continuation of Authority of Agent Clause in Contracts

Continuation of Authority of Agent. The authority of Agent to request loans on behalf of, and to bind, the Borrowers, shall continue unless and until Bank actually receives written notice of the termination of such authority.

Appears in 5 contracts

Samples: Loan and Security Agreement (Sonic Foundry Inc), Loan and Security Agreement (Skillsoft Public Limited Co), Loan and Security Agreement (Skillsoft Public Limited Co)

AutoNDA by SimpleDocs

Continuation of Authority of Agent. The authority of Agent Holdings to request loans on behalf of, and to bind, the Borrowers, shall continue unless and until Bank actually receives written notice of the termination of such authority.

Appears in 1 contract

Samples: Loan and Security Agreement (Trustwave Holdings, Inc.)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!