Common use of Reliance upon Authority Clause in Contracts

Reliance upon Authority. The Borrowers shall deliver to the ----------------------- Agent, prior to the Closing Date, a writing setting forth the account of the Borrowers to which the Agent is authorized to transfer the proceeds of the Revolving Loans requested pursuant to this Section 2.2, which account shall be ----------- reasonably satisfactory to the Agent. The Agent shall be entitled to rely conclusively on any Person's request for Revolving Loans on behalf of either Borrower, the proceeds of which are to be transferred to the account specified by the Borrowers pursuant to the immediately preceding sentence, until the Agent receives written notice from the Borrowers that the proceeds of the Revolving Loans are to be sent to a different account. The Agent shall have no duty to verify the identity of any individual representing him or herself as a person authorized by any Borrower to make such requests on its behalf.

Reliance upon Authority. The Borrowers On or prior to the Closing Date and thereafter prior to any change with respect to any of the information contained in the following CLAUSES (i) and (ii), the Borrower shall deliver to the ----------------------- Agent, prior to the Closing Date, Agent a writing setting forth (i) the account of the Borrowers Borrower to which the Agent is authorized to transfer the proceeds of the Revolving Loans requested by the Borrower pursuant to this Section SECTION 2.2, which account and (ii) the names of the persons authorized to request Revolving Loans on behalf of the Borrower, and shall be ----------- reasonably satisfactory to provide the AgentAgent with a specimen signature of each such person. The Agent shall be entitled to rely conclusively on any Personsuch person's authority to request for Revolving Loans on behalf of either the Borrower, the proceeds of which are to be transferred to any of the account accounts specified by the Borrowers Borrower pursuant to the immediately preceding sentence, until the Agent receives written notice from to the Borrowers that the proceeds of the Revolving Loans are to be sent to a different accountcontrary. The Agent shall have no duty to verify the identity of any individual representing him or herself as a person one of the officers authorized by any the Borrower to make such requests on its behalf.

Reliance upon Authority. The Borrowers On or prior to the Closing Date and thereafter prior to any change with respect to any of the information contained in the following clauses (i) and (ii) with respect to such Borrower, each Borrower shall deliver to the ----------------------- Agent, prior to the Closing Date, Agent a writing setting forth (i) the account of the Borrowers such Borrower to which the Agent is authorized to transfer the proceeds of the Revolving Loans requested by such Borrower pursuant to this Section 2.2, which account and (ii) the names of the officers authorized to request Revolving Loans on behalf of such Borrower, and shall be ----------- reasonably satisfactory to provide the AgentAgent with a specimen signature of each such officer. The Agent shall be entitled to rely conclusively on any Person's such officer’s authority to request for Revolving Loans on behalf of either the applicable Borrower, the proceeds of which are to be transferred to any of the account accounts specified by the Borrowers such Borrower pursuant to the immediately preceding sentence, until the Agent receives written notice from such Borrower to the Borrowers that the proceeds of the Revolving Loans are to be sent to a different accountcontrary. The Agent shall have no duty to verify the identity of any individual representing him or herself as a person one of the officers authorized by any the applicable Borrower to make such requests on its behalf.

Reliance upon Authority. The Borrowers On or prior to the Closing Date and thereafter prior to any change with respect to any of the information contained in the following clauses (i) and (ii), the Borrower shall deliver to the ----------------------- Agent, prior to the Closing Date, Agent a writing setting forth (i) the account of the Borrowers Borrower to which the Agent is authorized to transfer the proceeds of the Revolving Loans requested pursuant to this Section 2.2, which account and (ii) the names of the persons authorized to request and take other actions with respect to Revolving Loans on behalf of the Borrower, and shall be ----------- reasonably satisfactory to provide the AgentAgent with a specimen signature of each such person. The Agent shall be entitled to rely conclusively on any Personsuch person's authority to request for Revolving Loans on behalf of either Borrowerthe Borrower (in the absence of manifest error), the proceeds of which are to be transferred to any of the account accounts specified by the Borrowers Borrower pursuant to the immediately preceding sentence, until the Agent receives written notice from to the Borrowers that the proceeds of the Revolving Loans are to be sent to a different accountcontrary. The Agent shall have no duty to verify the identity of any individual representing him or herself as a person one of the officers authorized by any the Borrower to make such requests on its behalf.

Reliance upon Authority. The Borrowers On or prior to the Closing Date and thereafter prior to any change with respect to any of the information contained in the following clauses (i) and (ii), Phar-Mor shall deliver to the ----------------------- Agent, prior to the Closing Date, Agent a writing setting forth (i) the account of the Borrowers each Borrower to which the Agent is authorized to transfer the proceeds of the Revolving Loans requested pursuant to this Section 2.2, 2.2 (which account shall be ----------- reasonably satisfactory to the Agent), and (ii) the names of the Responsible Officers authorized to request Revolving Loans, and shall provide the Agent with a specimen signature of each such officer. The Agent shall be entitled to rely conclusively on any Personsuch officer's authority to request for Revolving Loans on behalf of either any Borrower, the proceeds of which are to be transferred to any of the account accounts specified by the Borrowers Phar-Mor pursuant to the immediately preceding sentence, until the Agent receives written notice from to the Borrowers that the proceeds of the Revolving Loans are to be sent to a different accountcontrary. The Agent shall have no duty to verify the identity of any individual representing him or herself himself as a person one of the Responsible Officers authorized by any Borrower to make such requests on its behalf.

Reliance upon Authority. The On or prior to the Closing Date and thereafter prior to any change with respect to any of the information contained in the following CLAUSES (I) and (II), the Borrowers shall deliver to the ----------------------- Agent, prior to the Closing Date, Agent a writing setting forth (i) the account, such account of being acceptable to the Borrowers Agent, to which the Agent is authorized by the Borrowers to transfer the proceeds of the Revolving Loans requested pursuant to this Section SECTION 2.2, which account and (ii) the names of the individuals authorized to request Revolving Loans on behalf of each Borrower, and shall be ----------- reasonably satisfactory to provide the AgentAgent with a specimen signature of each such individual. The Agent shall be entitled to rely conclusively on any Personsuch individual's authority to request for Revolving Loans on behalf of either a Borrower, the proceeds of which are to be transferred to the account specified by the Borrowers pursuant to the immediately preceding sentence, until the Agent receives written notice from to the Borrowers that the proceeds of the Revolving Loans are to be sent to a different accountcontrary. The Agent shall have no duty to verify the identity of any individual representing him or herself as a person one of the officers authorized by any Borrower to make such requests on its behalf.