Reliance by the Borrower Sample Clauses

Reliance by the Borrower. The Borrower shall be entitled to rely upon, and to act or refrain from acting on the basis of, any notice, statement, certificate, waiver or other document or instrument delivered by the Administrative Agent to the Borrower, so long as the Administrative Agent is purporting to act in its respective capacity as the Administrative Agent pursuant to this Credit Agreement, and the Borrower shall not be responsible or liable to any Lender (or to any Participant or to any Assignee), or as a result of any action or failure to act (including actions or omissions which would otherwise constitute defaults hereunder) which is based upon such reliance upon Administrative Agent. The Borrower shall be entitled to treat the Administrative Agent as the properly authorized Administrative Agent pursuant to this Credit Agreement until the Borrower shall have received notice of resignation, and the Borrower shall not be obligated to recognize any successor Administrative Agent until the Borrower shall have received written notification satisfactory to them of the appointment of such successor.
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Reliance by the Borrower. In any case requiring approval or consent by the Required Lenders, the Borrower shall be entitled to rely on the written representation by the Administrative Agent that the Administrative Agent has obtained such approval or consent.
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Reliance by the Borrower. (a) All payments and notices received by the Indenture Trustee in accordance with the terms of this Indenture shall be deemed received by the Noteholders for purposes of determining compliance by the Borrower with the terms hereof and of the other Operative Agreements. (b) All consents, waivers, releases, notices or other communications to be delivered to the Borrower by the Noteholders pursuant to the Operative Agreements shall be given only by the Indenture Trustee, acting at the direction of the Required Holders, and be in accordance with the terms of this Indenture, and no such consent of the Required Holders shall be of any force or effect unless delivered by the Indenture Trustee in accordance with the terms of this Indenture; and the Borrower may rely upon any such waiver, notice, release or consent delivered by the Indenture Trustee. (c) Any direction of the Noteholders or the Required Holders, as the case may be, provided for in this Indenture shall be in writing and shall become effective when delivered to the Indenture Trustee. Upon receipt of any such direction from the Noteholders or the Required Holders, as the case may be, the Indenture Trustee shall deliver to the Borrower promptly, in writing, the consent, waiver, releases or other communication specified therein.
Sample 1
Reliance by the Borrower. The Borrower shall be entitled to rely upon, and to act or refrain from acting on the basis of, any notice, statement, certificate, waiver or other document or instrument delivered by the Agent to the Borrower, so long as the Agent is purporting to act in its respective capacity as the Agent pursuant to this Agreement, and the Borrower shall not be responsible or liable to any Lender (or to any participant or to any assignee), or as a result of any action or failure to act (including actions or omissions which would otherwise constitute defaults hereunder) which is based upon such reliance upon the Agent. The Borrower shall be entitled to treat the Agent as the properly authorized Agent pursuant to this Agreement until the Borrower shall have received written notice of resignation, and the Borrower shall not be obligated to recognize any successor Agent until the Borrower shall have received written notification satisfactory to it of the appointment of such successor.
Sample 1

Related to Reliance by the Borrower

  • Reliance by Third Parties Notwithstanding anything to the contrary in this Agreement, any Person dealing with the Partnership shall be entitled to assume that the General Partner and any officer of the General Partner authorized by the General Partner to act on behalf of and in the name of the Partnership has full power and authority to encumber, sell or otherwise use in any manner any and all assets of the Partnership and to enter into any authorized contracts on behalf of the Partnership, and such Person shall be entitled to deal with the General Partner or any such officer as if it were the Partnership’s sole party in interest, both legally and beneficially. Each Limited Partner hereby waives, to the fullest extent permitted by law, any and all defenses or other remedies that may be available against such Person to contest, negate or disaffirm any action of the General Partner or any such officer in connection with any such dealing. In no event shall any Person dealing with the General Partner or any such officer or its representatives be obligated to ascertain that the terms of this Agreement have been complied with or to inquire into the necessity or expedience of any act or action of the General Partner or any such officer or its representatives. Each and every certificate, document or other instrument executed on behalf of the Partnership by the General Partner or its representatives shall be conclusive evidence in favor of any and every Person relying thereon or claiming thereunder that (a) at the time of the execution and delivery of such certificate, document or instrument, this Agreement was in full force and effect, (b) the Person executing and delivering such certificate, document or instrument was duly authorized and empowered to do so for and on behalf of the Partnership and (c) such certificate, document or instrument was duly executed and delivered in accordance with the terms and provisions of this Agreement and is binding upon the Partnership.

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