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

Reliance by Agents, L/C Issuers and Lenders. Each Agent, each L/C Issuer and the Lenders shall be entitled to rely and act upon any notices (including telephonic or electronic Loan Notices, Letter of Credit Applications and Swing Line Loan Notices) purportedly given by or on behalf of any 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, or (ii) the terms thereof, as understood by the recipient, varied from any confirmation thereof. The Loan Parties shall indemnify each 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 notice purportedly given by or on behalf of a Loan Party. All telephonic notices to and other telephonic communications with an Agent may be recorded by such Agent, and each of the parties hereto hereby consents to such recording.

Appears in 2 contracts

Samples: Credit Agreement (Pra Group Inc), Credit Agreement (Pra Group Inc)

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Reliance by Agents, L/C Issuers and Lenders. Each AgentThe Agents, each the L/C Issuer Issuers and the Lenders shall be entitled to rely and act upon any notices (including telephonic or electronic Committed Loan Notices, Letter of Credit Applications Notices and Swing Line Loan Notices) purportedly given by or on behalf of any Loan Party 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 Loan Parties Company shall indemnify each 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 notice purportedly given by or on behalf of a Loan Partyany Borrower. All telephonic notices to and other telephonic communications with an either Agent may be recorded by such Agent, and each of the parties hereto hereby consents to such recording.

Appears in 2 contracts

Samples: Credit Agreement (MULTI COLOR Corp), Credit Agreement (Multi Color Corp)

Reliance by Agents, L/C Issuers and Lenders. Each AgentAgents, each L/C Issuer Issuers and the Lenders shall be entitled to rely and act upon any notices notice (including any telephonic Committed Loan Notice or electronic Loan Notices, Letter of Credit Applications and Swing Line Loan NoticesNotice) purportedly given by or on behalf of any Loan Party 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, or (iib) the terms thereof, as understood by the recipient, varied from any confirmation thereof. The Loan Parties Each Borrower shall indemnify each 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 a Loan Partyany Borrower. All telephonic notices to and other telephonic communications with an any Agent may be recorded by such Agent, and each of the parties hereto hereby consents to such recording.

Appears in 2 contracts

Samples: Global Senior Credit Agreement (Prologis), Global Senior Credit Agreement (Prologis)

Reliance by Agents, L/C Issuers and Lenders. Each Agent, each L/C Issuer and the Lenders shall be entitled to rely and act upon any notices (including telephonic or electronic Loan Notices, Letter of Credit Applications Notices and Swing Line Loan Notices) purportedly given by or on behalf of any Loan Party 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, or (ii) the terms thereof, as understood by the recipient, varied from any confirmation thereof. The Loan Parties Borrower shall indemnify each Agentthe Agents, each the L/C IssuerIssuers, and 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 a Loan Partythe Borrower. All telephonic notices to and other telephonic communications with an the Paying Agent may be recorded by such the Paying Agent, and each of the parties hereto hereby consents to such recording.

Appears in 1 contract

Samples: Credit Agreement (Key Energy Services Inc)

Reliance by Agents, L/C Issuers and Lenders. Each AgentThe Agents, each the Joint Lead Arrangers, the L/C Issuer Issuers and the Lenders shall be entitled to rely and act upon any notices (including telephonic or electronic Loan Notices, Letter of Credit Applications and Swing Line Committed Loan Notices) purportedly given by or on behalf of any Loan Party 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 Loan Parties Company shall indemnify each 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 notice purportedly given by or on behalf of a Loan Partyany Borrower. All telephonic notices to and other telephonic communications with an Agent may be recorded by such Agent, and each of the parties hereto hereby consents to such recording.

Appears in 1 contract

Samples: Credit Agreement (Solectron Corp)

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Reliance by Agents, L/C Issuers and Lenders. Each AgentThe Agents, each the L/C Issuer Issuers and the Lenders shall be entitled to rely and act upon any notices (including telephonic or electronic Loan Notices, Letter of Credit Applications Notices and Swing Line Loan Notices) purportedly given by or on behalf of any Loan Party 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 Loan Parties Each Borrower shall indemnify each the Administrative 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 notice purportedly given by or on behalf of any Borrower, except to the extent such losses, costs, expenses and liabilities are determined by a Loan Partycourt of competent jurisdiction by final and nonappealable judgment to have resulted from the gross negligence or willful misconduct of such indemnified party. All telephonic notices to and other telephonic communications with an any Agent may be recorded by such Agent, and each of the parties hereto hereby consents to such recording.

Appears in 1 contract

Samples: Credit Agreement (Niska Gas Storage Partners LLC)

Reliance by Agents, L/C Issuers and Lenders. Each AgentAgents, each L/C Issuer Issuers and the Lenders shall be entitled to rely and act upon any notices (including telephonic or electronic Committed Loan Notices, Letter of Credit Applications Notices and Swing Line Loan Notices) purportedly given by or on behalf of any Loan Party 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 Loan Parties Borrowers shall indemnify each AgentAgents, 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 a Loan Partyeither Borrower. All telephonic notices to and other telephonic communications with an Agent Agents may be recorded by such AgentAgents, and each of the parties hereto hereby consents to such recording.

Appears in 1 contract

Samples: Credit Agreement (Castle a M & Co)

Reliance by Agents, L/C Issuers and Lenders. Each AgentAgents, each L/C Issuer Issuers and the Lenders shall be entitled to rely and act upon any notices (including telephonic or electronic Committed Loan Notices, Letter of Credit Applications Notices and Swing Line Loan Notices) purportedly given by or on behalf of any Loan Party 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 Loan Parties Borrowers shall indemnify each AgentAgents, 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 a Loan PartyBorrower. All telephonic notices to and other telephonic communications with an Agent Agents may be recorded by such AgentAgents, and each of the parties hereto hereby consents to such recording.

Appears in 1 contract

Samples: Credit Agreement (Castle a M & Co)

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