Common use of Reliance on Notices Clause in Contracts

Reliance on Notices. Administrative Agent, the Issuing Banks and the Lenders shall be entitled to rely and act upon any notices (including telephonic notices of a Borrowing) 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 reasonably understood by the recipient, varied from any confirmation thereof. The Borrowers shall indemnify Administrative Agent, each Issuing Bank, each Lender and the Indemnified 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 Borrower. All telephonic notices to and other telephonic communications with Administrative Agent may be recorded by Administrative Agent, and each of the parties hereto hereby consents to such recording.

Appears in 3 contracts

Samples: Credit Agreement (Agco Corp /De), Credit Agreement (Agco Corp /De), Credit Agreement (Agco Corp /De)

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Reliance on Notices. Administrative Agent, the Issuing Banks Lender, and the Lenders shall be entitled to rely and act upon any notices (including telephonic notices of a Borrowing) 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 reasonably understood by the recipient, varied from any confirmation thereof. The Borrowers shall shall, jointly and severally, indemnify Administrative Agent, each Issuing BankLender, each Lender Lender, and the Indemnified Related Parties of each of them from all losses, costs, expenses expenses, and liabilities resulting from the reliance by such Person on each notice purportedly given by or on behalf of a Borrower. All Administrative Agent may record all telephonic notices to to, and other telephonic communications with Administrative Agent may be recorded by with, Administrative Agent, and each of the parties hereto hereby consents to such recording.

Appears in 2 contracts

Samples: Credit Agreement (WK Kellogg Co), Credit Agreement (Kellogg Co)

Reliance on Notices. Administrative Agent, the Issuing Banks Lender and the Lenders shall be entitled to rely and act upon any notices (including telephonic notices of a Borrowing) 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 reasonably understood by the recipient, varied from any confirmation thereof. The Borrowers Borrower shall indemnify Administrative Agent, each Issuing BankLender, each Lender Lender, and the Indemnified Related Parties of each of them from all losses, costs, expenses expenses, and liabilities resulting from the reliance by such Person on each notice purportedly given by or on behalf of Borrower. All Administrative Agent may record all telephonic notices to to, and other telephonic communications with with, Administrative Agent may be recorded by Administrative Agent, and each of the parties hereto hereby consents to such recording.

Appears in 1 contract

Samples: Credit Agreement (Wayne Farms, Inc.)

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Reliance on Notices. Administrative Agent, the Issuing Banks Letter of Credit Issuer, and the Lenders Banks shall be entitled to rely and act upon any notices (including telephonic notices of a Notice of Borrowing) 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 reasonably understood by the recipient, varied from any confirmation thereof. The Borrowers Borrower shall indemnify Administrative Agent, each Issuing Letter of Credit Issuer, each Bank, each Lender and the Indemnified Parties Affiliates of each of them from all losses, costs, expenses expenses, and liabilities resulting from the reliance by such Person on each notice purportedly given by or on behalf of Borrower. All Administrative Agent may record all telephonic notices to to, and other telephonic communications with Administrative Agent may be recorded by with, Administrative Agent, and each of the parties hereto hereby consents to such recording.

Appears in 1 contract

Samples: Credit Agreement (Nutraceutical International Corp)

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