Powers of Debtor. The Secured Party shall not be concerned to see or enquire into the powers of the Debtor or its directors, officers, partners or agents acting or purporting to act on its behalf, and this guarantee and postponement of claim shall apply notwithstanding any irregularity, defect or informality in the powers of the Debtor or its directors, officers, partners or agents acting or purporting to act on its behalf and whether or not the Debtor is a legal or suable entity and whether or not the execution and delivery of any agreement, document or instrument is beyond the powers of the Debtor or its directors, officers, partners or agents.
Appears in 4 contracts
Samples: Guarantee and Postponement of Claim (Pure Play Media Holdings, Inc.), Joint and Several Guarantee (Pure Play Media Holdings, Inc.), Guarantee Agreement (Pure Play Media Holdings, Inc.)
