German Borrowers. Each German Borrower hereby designates the German Lead Borrower as its representative and agent for all purposes under the Loan Documents, including requests for Revolver Loans and Letters of Credit, designation of interest rates, delivery or receipt of communications, preparation and delivery of Borrowing Base and financial reports, receipt and payment of Obligations, requests for waivers, amendments or other accommodations, actions under the Loan Documents (including in respect of compliance with covenants), and all other dealings with the Agent, the Issuing Bank or any Lender. The German Lead Borrower hereby accepts such appointment. The Agent and the Lenders shall be entitled to rely upon, and shall be fully protected in relying upon, any notice or communication (including any Notice of Borrowing) delivered by the German Lead Borrower on behalf of any German Borrower. The Agent and the Lenders may give any notice or communication with a German Borrower hereunder to the German Lead Borrower on behalf of such German Borrower. Each German Borrower agrees that any notice, election, communication, representation, agreement or undertaking made on its behalf by the German Lead Borrower shall be binding upon and enforceable against it.
Appears in 4 contracts
Samples: Credit and Guaranty Agreement (Milacron Holdings Corp.), Amendment No. 2 (Milacron Holdings Corp.), Amendment No. 1 (Milacron Holdings Corp.)
