Common use of LIMITATION OF AUTHORITY OF PERSONS DESIGNATED AS A DIRECTOR NOMINEE Clause in Contracts

LIMITATION OF AUTHORITY OF PERSONS DESIGNATED AS A DIRECTOR NOMINEE. (a) It is provided and agreed that the actions and advice of any person while serving pursuant to Section 10.01 or 10.02 as an advisor to the Borrower or as a member of Borrower's Board of Directors, or while serving solely as a representative of Lender in attendance at meetings of the Board of Directors, shall be construed to be the actions and advice of that person alone and not be construed as actions of the Lender as to any notice of requirements or rights of Lender under this Loan Agreement, the Debenture or the other Loan Documents; nor as actions of the Lender to approve modifications, consents, amendments or waivers thereof; and all such actions or notices shall be deemed actions or notices of the Lender only when duly provided in writing and given in accordance with the provisions of this Loan Agreement.

LIMITATION OF AUTHORITY OF PERSONS DESIGNATED AS A DIRECTOR NOMINEE. (a) It is provided and agreed that the actions and advice of any person while serving pursuant to Section 10.01 or 10.02 as an advisor to the Borrower or as a member of Borrower's Board of Directors, or while serving solely as a representative of Lender in attendance at meetings of the Board of Directors, shall be construed to be the actions and advice of that person alone and not be construed as actions of the Lender as to any notice of requirements or rights of Lender under this Loan Agreement, the Debenture or the other Loan Documents; nor as actions of the Lender to approve modifications, consents, amendments or waivers thereof; and all such actions or notices shall be deemed actions or notices of the Lender only when duly provided in writing and given in accordance with the provisions of this Loan Agreement.

LIMITATION OF AUTHORITY OF PERSONS DESIGNATED AS A DIRECTOR NOMINEE. (a) It is provided and agreed that the actions and advice of any person while serving pursuant to Section 10.01 or 10.02 as an advisor to the Borrower or as a member of Borrower's Board of Directors, or while serving solely as a representative of Lender in attendance at meetings of the Board of Directors, shall be construed to be the actions and advice of that person alone and not be construed as actions of the Lender as to any notice of requirements or rights of Lender under this Loan Agreement, the Debenture or the other Loan Documents; nor as actions of the Lender to approve modifications, consents, amendments or waivers thereof; and all such actions or notices shall be deemed actions or notices of the Lender only when duly provided in writing and given in accordance with the provisions of this Loan Agreement. Section 10.04.