Common use of Reliance by Administrative Agent, Issuing Banks and Lenders Clause in Contracts

Reliance by Administrative Agent, Issuing Banks and Lenders. The Administrative Agent, the Collateral Agent, any Issuing Bank and the Lenders shall be entitled to rely and act upon any notices (including telephonic Borrowing Requests and other telephonic notices) purportedly given by or on behalf of any Borrower even if (i) such notices were not made in a manner specified herein, were incomplete or were not preceded or followed by any other form of notice specified herein or (ii) the terms thereof, as understood by the recipient, varied from any confirmation thereof. The Borrowers shall jointly and severally indemnify the Administrative Agent, the Collateral Agent, each Issuing Bank, each Lender and the Related Parties of each of them for all losses, costs, expenses and liabilities resulting from the reliance of such Person on each notice purportedly given by or on behalf of any Borrower. All telephonic notices to and telephonic communications with the Administrative Agent and/or the Collateral Agent may be recorded by such Agent, and each of the parties hereby consents to such recording.

Appears in 3 contracts

Samples: Credit Agreement (NPC Restaurant Holdings, LLC), Credit Agreement (NPC Restaurant Holdings, LLC), Franchise Agreement (NPC Operating Co B, Inc.)

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Reliance by Administrative Agent, Issuing Banks and Lenders. The Each of the Administrative Agent, the Collateral Agent, any Issuing Bank Banks and the Lenders shall be entitled to rely and act upon any notices (including telephonic and electronically communicated (e-mailed) Borrowing Requests and other telephonic noticesRequests) purportedly given by or on behalf of any Borrower a Loan Party even if (i) such notices were not made in a manner specified herein, were incomplete or were not preceded or followed by any other form of notice specified herein herein, or (ii) the terms thereof, as understood by the recipient, varied from any confirmation thereof. The Borrowers Borrower shall jointly and severally indemnify the Administrative Agent, the Collateral Agent, each Issuing BankBanks, each Lender and the their Related Parties of each of them for from all losses, costs, expenses and liabilities resulting from the reliance of by such Person person on each notice purportedly given by or on behalf of any the Borrower. All telephonic notices to and telephonic other communications with the Administrative Agent and/or the Collateral Agent Agent, any Issuing Bank or Lender may be recorded by the Administrative Agent, such AgentIssuing Bank or Lender, and each of the parties hereto hereby consents to such recording.

Appears in 2 contracts

Samples: Credit Agreement (Oil States International, Inc), Credit Agreement (Oil States International, Inc)

Reliance by Administrative Agent, Issuing Banks and Lenders. The Administrative Agent, the Collateral Agent, any each Issuing Bank and the Lenders shall be entitled to rely and act upon any notices (including including, without limitation, telephonic Borrowing Requests or electronic notices, Loan Notices, Letter of Credit Applications, Notice of Loan Prepayment and other telephonic noticesSwingline Loan Notices) purportedly given by or on behalf of any Borrower Loan Party even if (i) such notices were not made in a manner specified herein, were incomplete or were not preceded or followed by any other form of notice specified herein herein, or (ii) the terms thereof, as understood by the recipient, varied from any confirmation thereof. The Borrowers Loan Parties shall jointly and severally indemnify the Administrative Agent, the Collateral Agent, each Issuing Bank, each Lender and the Related Parties of each of them for from all losses, costs, expenses and liabilities resulting from the reliance of by such Person on each notice purportedly given by or on behalf of any Borrowera Loan Party. All telephonic notices to and other telephonic communications with the Administrative Agent and/or the Collateral Agent may be recorded by such the Administrative Agent, and each of the parties hereto hereby consents to such recording.

Appears in 1 contract

Samples: Credit Agreement (PharMerica CORP)

Reliance by Administrative Agent, Issuing Banks and Lenders. The Administrative Agent, the Collateral Agent, any Issuing Bank Banks and the Lenders shall be entitled to rely and act upon any notices (including telephonic Borrowing Requests and other telephonic noticesSwingline Borrowing Requests) purportedly given by or on behalf of any the Borrower even if (i) such notices were not made in a manner specified herein, were incomplete or were not preceded or followed by any other form of notice specified herein herein, or (ii) the terms thereof, as understood by the recipient, varied from any confirmation thereof. The Borrowers Borrower shall jointly and severally indemnify the Administrative Agent, the Collateral Agent, each Issuing Bank, each Lender and the Related Parties of each of them for from all losses, costs, expenses and liabilities resulting from the reliance of by such Person on each notice purportedly given by or on behalf of any the Borrower. All telephonic notices to and other telephonic communications with the Administrative Agent and/or the Collateral Agent may be recorded by such the Administrative Agent, and each of the parties hereto hereby consents to such recording.

Appears in 1 contract

Samples: Assignment and Assumption (Questar Corp)

Reliance by Administrative Agent, Issuing Banks and Lenders. The Administrative Agent, the Collateral Agent, any Issuing Bank and the Lenders shall be entitled to rely and act upon any notices (including telephonic tel- ephonic Borrowing Requests and other telephonic notices) purportedly given by or on behalf of any Borrower even if (i) such notices were not made in a manner specified herein, were incomplete or were not preceded or followed by any other form of notice specified herein or (ii) the terms thereof, as understood by the recipient, varied from any confirmation thereof. The Borrowers shall jointly and severally indemnify the Administrative Agent, the Collateral Agent, each Issuing Bank, each Lender and the Related Parties of each of them for all losses, costs, expenses and liabilities resulting from the reliance of such Person on each notice purportedly given by or on behalf of any BorrowerBor- rower. All telephonic notices to and telephonic communications with the Administrative Agent and/or the Collateral Agent may be recorded by such Agent, and each of the parties hereby consents to such recording.

Appears in 1 contract

Samples: Credit Agreement (NPC Restaurant Holdings, LLC)

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Reliance by Administrative Agent, Issuing Banks and Lenders. The Each of the Administrative Agent, the Collateral Agent, any Issuing Bank Banks and the Lenders shall be entitled to rely and act upon any notices (including telephonic and electronically communicated (e-mailed) Borrowing Requests and other telephonic noticesRequests) 108 purportedly given by or on behalf of any Borrower a Loan Party even if (i) such notices were not made in a manner specified herein, were incomplete or were not preceded or followed by any other form of notice specified herein herein, or (ii) the terms thereof, as understood by the recipient, varied from any confirmation thereof. The Borrowers Borrower shall jointly and severally indemnify the Administrative Agent, the Collateral Agent, each Issuing BankBanks, each Lender and the their Related Parties of each of them for from all losses, costs, expenses and liabilities resulting from the reliance of by such Person person on each notice purportedly given by or on behalf of any the Borrower. All telephonic notices to and telephonic other communications with the Administrative Agent and/or the Collateral Agent Agent, any Issuing Bank or Lender may be recorded by the Administrative Agent, such AgentIssuing Bank or Lender, and each of the parties hereto hereby consents to such recording.

Appears in 1 contract

Samples: Credit Agreement (Oil States International, Inc)

Reliance by Administrative Agent, Issuing Banks and Lenders. The Administrative Agent, the Collateral Agent, any Issuing Bank Banks and the Lenders shall be entitled to rely and act upon any notices (including telephonic Borrowing Requests and other telephonic noticesInterest Election Requests) purportedly given that it reasonably believes to be genuine and correct and to have been signed or sent or made by the proper Person or on behalf of any Borrower Persons even if (i) such notices were not made in a manner specified herein, were incomplete or were not preceded or followed by any other form of notice specified herein herein, or (ii) the terms thereof, as understood by the recipient, varied from any confirmation thereof. The Borrowers Borrower shall jointly and severally indemnify the Administrative Agent, the Collateral Agent, each Issuing BankBanks, each Lender and the Related Parties of each of them for from all losses, costs, expenses and liabilities resulting from the reliance of by such Person on each notice purportedly given by or on behalf of any the Borrower. All telephonic notices to and other telephonic communications with the Administrative Agent and/or the Collateral Agent may be recorded by such the Administrative Agent, and each of the parties hereto hereby consents to such recording.

Appears in 1 contract

Samples: Intercreditor Agreement (Healthsouth Corp)

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