Common use of Reliance by Agents, L/C Issuers and Lenders Clause in Contracts

Reliance by Agents, L/C Issuers and Lenders. The Agents, the L/C Issuers and the Lenders shall be entitled to rely and act upon any notices purportedly given by or on behalf of the Borrowers 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 indemnify the Agents, each L/C Issuer, each Lender and the Related Parties of each of them from all losses, costs, expenses and liabilities resulting from the reliance by such Person on each notice purportedly given by or on behalf of the Borrowers. All telephonic notices to and other telephonic communications with the Administrative Agent may be recorded by the Administrative Agent, and each of the parties hereto hereby consents to such recording.

Appears in 7 contracts

Samples: Credit Agreement (Element Solutions Inc), Credit Agreement (APi Group Corp), Credit Agreement (Element Solutions Inc)

AutoNDA by SimpleDocs

Reliance by Agents, L/C Issuers and Lenders. The Agents, the L/C Issuers and the Lenders shall be entitled to rely and act upon any notices notice (including any telephonic Committed Loan Notice or Swing Line Loan Notice) purportedly given by or on behalf of the Borrowers any Borrower even if (ia) such notices were notice was not made in a manner specified herein, were was incomplete or were was not preceded or followed by any other form of notice specified herein, herein or (iib) the terms thereof, as understood by the recipient, varied from any confirmation thereof. The Borrowers Each Borrower shall indemnify the Agentseach Agent, each L/C Issuer, each Lender and the Related Parties of each of them from all losses, costs, expenses and liabilities resulting from the reliance by such Person on each any notice purportedly given by or on behalf of the Borrowersany Borrower. All telephonic notices to and other telephonic communications with the Administrative any Agent may be recorded by the Administrative such Agent, and each of the parties hereto hereby consents to such recording.

Appears in 4 contracts

Samples: Global Senior Credit Agreement (Prologis, L.P.), Global Senior Credit Agreement (Prologis, L.P.), Global Senior Credit Agreement (Prologis, L.P.)

AutoNDA by SimpleDocs

Reliance by Agents, L/C Issuers and Lenders. The Agents, the L/C Issuers and the Lenders shall be entitled to rely and act upon any notices purportedly given by or on behalf of the Borrowers 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 indemnify the Agents, each L/C IssuerIssuers, each Lender and the Related Parties of each of them from all losses, costs, expenses and liabilities resulting from the reliance by such Person on each notice purportedly given by or on behalf of the Borrowerseither Borrower. All telephonic notices to and other telephonic communications with the Administrative Agent Agents may be recorded by the Administrative AgentAgents, and each of the parties hereto hereby consents to such recording.

Appears in 1 contract

Samples: Credit Agreement (Castle a M & Co)

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