Common use of Lead Borrower as Agent Clause in Contracts

Lead Borrower as Agent. KCI USA hereby appoints the Lead Borrower to act as its agent for all purposes under this Agreement (including, without limitation, with respect to all matters related to the borrowing and repayment of Loans) and agrees that (i) Lead Borrower may execute such documents on behalf of KCI USA as Lead Borrower deems appropriate in its sole discretion and KCI USA shall be obligated by all of the terms of any such document executed on its behalf, (ii) any notice or communication delivered by the Administrative Agent or the Lender to Lead Borrower shall be deemed delivered to all Borrowers and (iii) the Administrative Agent or the Lenders may accept, and be permitted to rely on, any document, instrument or agreement executed by Lead Borrower on behalf of KCI USA. For the avoidance of doubt, each Borrower shall be jointly and severally liable with the other Borrower for all Obligations hereunder.