Common use of Reliance on Oral Instructions Clause in Contracts

Reliance on Oral Instructions. The Lenders and the Agents shall be entitled to act upon the oral instructions of any Person whom the Lenders or the Agents believe is a Person a Borrower has identified as being a Person authorized to give instructions regarding matters contemplated by this Agreement, including, without limiting the generality of the foregoing, the Credit Facilities. None of the Lenders nor any of the Agents shall be responsible for any error or omission relating to such instructions. Oral instructions shall, at the request of an Agent or a Lender, be confirmed immediately in writing by the Borrowers. A Borrower may revoke the authority of any authorized Person by notifying the Administrative Agent in writing, which notice shall be effective on the Business Day immediately following the date of its actual receipt by the Administrative Agent.

Appears in 2 contracts

Samples: Credit Agreement (Kingsway Financial Services Inc), Credit Agreement (Kingsway Financial Services Inc)

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Reliance on Oral Instructions. The Lenders and the Agents shall be entitled to act upon the oral instructions of any Person whom the Lenders or the Agents believe is a Person a Borrower has identified as being a Person authorized to give instructions regarding matters contemplated by this Agreement, including, without limiting the generality of the foregoing, the Credit Facilities. None of Neither the Lenders nor any of the Agents shall be responsible for any error or omission relating to such instructions. Oral instructions shall, shall at the request of an Agent the Agents or a Lender, the Lenders be immediately confirmed immediately in writing by the Borrowers. A Borrower The Borrowers may revoke the authority of any authorized Person by notifying the Administrative Agent in writing, which notice shall be effective on the Business Day immediately following the date of its actual receipt by the Administrative Agent.. ARTICLE FOUR PAYMENTS

Appears in 1 contract

Samples: Credit Agreement (Kingsway Financial Services Inc)

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Reliance on Oral Instructions. The Lenders and the Agents shall be entitled to act upon the oral instructions of any Person whom the Lenders or the Agents believe is a Person a Borrower has identified as being a Person authorized to give instructions regarding matters contemplated by this Agreement, including, without limiting the generality of the foregoing, the Credit Facilities. None of the Lenders nor any of the Agents shall be responsible for any error or omission relating to such instructions. Oral instructions shall, shall at the request of an Agent or a Lender, Lender be immediately confirmed immediately in writing by the Borrowers. A Borrower may revoke the authority of any authorized Person by notifying the Administrative Agent in writing, which notice shall be effective on the Business Day immediately following the date of its actual receipt by the Administrative Agent.

Appears in 1 contract

Samples: Credit Agreement (Kingsway Financial Services Inc)

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