Common use of Continuation of Authority of Agent Clause in Contracts

Continuation of Authority of Agent. The authority of the Agent to request Loans on behalf of, and to bind, each Borrower, shall continue unless and until Silicon acts as provided in Section 1.8, above, or Silicon actually receives:

Appears in 2 contracts

Samples: Loan and Security Agreement (Satcon Technology Corp), Loan and Security Agreement (Satcon Technology Corp)

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Continuation of Authority of Agent. The authority of the Agent to request Loans on behalf of, and to bind, each Borrower, shall continue unless and until Silicon acts as provided in Section 1.81.10, above, or Silicon actually receives:

Appears in 2 contracts

Samples: Loan and Security Agreement (Parlex Corp), Loan and Security Agreement (Aspen Technology Inc /De/)

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