Common use of Obligor Agent Clause in Contracts

Obligor Agent. (a) Each Obligor (other than the Parent) by its execution of this Agreement or an Accession Letter (as the case may be) irrevocably appoints the Parent to act on its behalf as its agent in relation to the New Finance Documents and irrevocably authorises (i) the Parent on its behalf to supply all information concerning itself contemplated by this Agreement to the Finance Parties and to give all notices and instructions, to execute on its behalf any documents required hereunder and to make such agreements capable of being given or made by any Obligor notwithstanding that they may affect such Obligor, without further reference to or consent of such Obligor; and (ii) each Finance Party to give any notice, demand or other communication to such Obligor pursuant to the New Finance Documents to the Parent on its behalf, and in each case such Obligor shall be bound thereby as though such Obligor itself had given such notices and instructions or executed or made such agreements or received any notice, demand or other communication. (b) Every act, agreement, undertaking, settlement, waiver, notice or other communication given or made by the Parent, or given to the Parent, in its capacity as agent in accordance with paragraph (a) of this Clause 34.7, in connection with this Agreement shall be binding for all purposes on such Obligors as if the other Obligors had expressly made, given or concurred with the same. In the event of any conflict between any notices or other communications of the Parent and any other Obligor, those of the Parent shall prevail.

Appears in 3 contracts

Samples: Financing Agreement, Financing Agreement (Cemex Sab De Cv), Financing Agreement (Cemex Sab De Cv)

AutoNDA by SimpleDocs

Obligor Agent. (a) Each Obligor (other than the ParentCompany) by its execution of this Agreement or an Accession Letter (as the case may be) irrevocably appoints the Parent Company to act on its behalf as its agent in relation to the New Finance Documents and irrevocably authorises (i) the Parent Company on its behalf to supply all information concerning itself contemplated by this Agreement to the Finance Parties and to give all notices and instructionsinstructions (including, in the case of a Borrower, Utilisation Requests or Conversion Requests), to execute on its behalf any documents required hereunder and to make such agreements capable of being given or made by any Obligor notwithstanding that they may affect such Obligor, without further reference to or consent of such Obligor; and (ii) each Finance Party to give any notice, demand or other communication to such Obligor pursuant to the New Finance Documents to the Parent Company on its behalf, and in each case such Obligor shall be bound thereby as though such Obligor itself had given such notices and instructions (including, without limitation, any Utilisation Requests or Conversion Requests) or executed or made such agreements or received any notice, demand or other communication. (b) Every act, agreement, undertaking, settlement, waiver, notice or other communication given or made by the ParentCompany, or given to the ParentCompany, in its capacity as agent in accordance with paragraph (a) of this Clause 34.732.7, in connection with this Agreement shall be binding for all purposes on such Obligors as if the other Obligors had expressly made, given or concurred with the same. In the event of any conflict between any notices or other communications of the Parent Company and any other Obligor, those of the Parent Company shall prevail.

Appears in 2 contracts

Samples: Acquisition Facilities Agreement (Cemex Sa De Cv), Acquisition Facilities Agreement (Cemex Sa De Cv)

Obligor Agent. (a) Each Obligor (other than the ParentCompany) by its execution of this Agreement or an Accession Letter (as the case may be) irrevocably appoints the Parent Company to act on its behalf as its agent in relation to the New Finance Documents and irrevocably authorises (i) the Parent Company on its behalf to supply all information concerning itself contemplated by this Agreement to the Finance Parties and to give all notices and instructionsinstructions (including, in the case of a Borrower, Utilisation Requests, Renewal Requests or Selection Notices), to execute on its behalf any documents required hereunder and to make such agreements capable of being given or made by any Obligor notwithstanding that they may affect such Obligor, without further reference to or consent of such Obligor; and (ii) each Finance Party to give any notice, demand or other communication to such Obligor pursuant to the New Finance Documents to the Parent Company on its behalf, and in each case such Obligor shall be bound thereby as though such Obligor itself had given such notices and instructions (including, without limitation, any Utilisation Requests, Renewal Requests or Selection Notices) or executed or made such agreements or received any notice, demand or other communication. (b) Every act, agreement, undertaking, settlement, waiver, notice or other communication given or made by the ParentCompany, or given to the ParentCompany, in its capacity as agent in accordance with paragraph (a) of this Clause 34.732.7, in connection with this Agreement shall be binding for all purposes on such Obligors as if the other Obligors had expressly made, given or concurred with the same. In the event of any conflict between any notices or other communications of the Parent Company and any other Obligor, those of the Parent Company shall prevail.

Appears in 1 contract

Samples: Facilities Agreement (Cemex Sa De Cv)

AutoNDA by SimpleDocs

Obligor Agent. (a) Each Obligor (other than the ParentCompany) by its execution of this Agreement or an Accession Letter (as the case may be) irrevocably appoints the Parent Company to act on its behalf as its agent in relation to the New Finance Documents and irrevocably authorises (i) the Parent Company on its behalf to supply all information concerning itself contemplated by this Agreement to the Finance Parties and to give all notices and instructionsinstructions (including, in the case of a Borrower, Utilisation Requests or Conversion Requests), to execute on its behalf any documents required hereunder and to make such agreements capable of being given or made by any Obligor notwithstanding that they may affect such Obligor, without further reference to or consent of such Obligor; and (ii) each Finance Party to give any notice, demand or other communication to such Obligor pursuant to the New Finance Documents to the Parent Company on its behalf, and in each case such Obligor shall be bound thereby as though such Obligor itself had given such notices and instructions (including, without limitation, any Utilisation Requests or Conversion Requests) or executed or made such agreements or received any notice, demand or other communication. (b) Every act, agreement, undertaking, settlement, waiver, notice or other communication given or made by the ParentCompany, or given to the ParentCompany, in its capacity as agent in accordance with paragraph (a) of this Clause 34.731.7, in connection with this Agreement shall be binding for all purposes on such Obligors as if the other Obligors had expressly made, given or concurred with the same. In the event of any conflict between any notices or other communications of the Parent Company and any other Obligor, those of the Parent Company shall prevail.

Appears in 1 contract

Samples: Facilities Agreement (Cemex Sab De Cv)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!