Common use of K-Sea as Agent for Borrower Clause in Contracts

K-Sea as Agent for Borrower. K-Sea shall be deemed the agent of Borrower in any matter arising under this Agreement and Lenders shall be entitled to rely on the actions and communication, or lack thereof, of K-Sea as being the actions or communications or lack thereof of each and every Borrower with respect to this Agreement.

Appears in 2 contracts

Samples: Participation and Loan and Security Agreement (K-Sea Tranportation Partners Lp), Participation and Loan and Security Agreement (K-Sea Tranportation Partners Lp)

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K-Sea as Agent for Borrower. K-Sea shall be deemed the agent of Borrower in any matter arising under this Agreement and Lenders shall be entitled to rely on the [Participation and Loan and Security Agreement] actions and communication, or lack thereof, of K-Sea as being the actions or communications or lack thereof of each and every Borrower with respect to this Agreement.

Appears in 1 contract

Samples: Participation and Loan and Security Agreement (K-Sea Transportation Partners Lp)

K-Sea as Agent for Borrower. K-Sea shall be deemed the agent of Borrower in any matter arising under this Agreement and the Administrative Agent, the L/C Issuer and the Lenders shall be entitled to rely on the actions and communication, or lack thereof, of K-Sea as being the actions or communications or lack thereof of each and every Borrower with respect to this Agreement.

Appears in 1 contract

Samples: Loan and Security Agreement (K-Sea Transportation Partners Lp)

K-Sea as Agent for Borrower. K-Sea shall be deemed the agent of Borrower in any matter arising under this Agreement and the Administrative Agent and the Lenders shall be entitled to rely on the actions and communication, or lack thereof, of K-Sea as being the actions or communications or lack thereof of each and every Borrower with respect to this Agreement.

Appears in 1 contract

Samples: Bridge Loan Agreement (K-Sea Transportation Partners Lp)

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K-Sea as Agent for Borrower. K-Sea shall be deemed the agent of Borrower in any matter arising under this Agreement and the Administrative Agent, the L/C Issuer and the Lenders shall be entitled to rely on the actions and communication, or lack thereof, of K-Sea as being the actions or communications or lack thereof of each and every Borrower with respect to this Agreement.

Appears in 1 contract

Samples: Loan and Security Agreement (K-Sea Transportation Partners Lp)

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