Common use of TELEPHONE AUTHORIZATION Clause in Contracts

TELEPHONE AUTHORIZATION. a. Bank may honor telephone instructions for disbursements and repayments pursuant to this Agreement, given by an Authorized Officer, as defined below, or any officer authorized by an Authorized Officer. For purposes of this Agreement, “Authorized Officer” shall mean any officer of Borrower whose name and signature are set forth in the Corporate Authorizations, as defined below.

Appears in 6 contracts

Samples: Commercial Loan Agreement, Commercial Loan Agreement (ICON ECI Fund Sixteen), Commercial Loan Agreement (Icon Eci Fund Fifteen, L.P.)

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TELEPHONE AUTHORIZATION. a. Bank may honor telephone instructions for disbursements and repayments pursuant to this Agreement, given by an Authorized Officer, as defined below, or any officer authorized by an Authorized Officer. For purposes of this Agreement, “Authorized Officer” shall mean any officer of Borrower whose name and signature are set forth in the Corporate Authorizations, as defined below.For

Appears in 2 contracts

Samples: Commercial Loan Agreement (ICON Equipment & Corporate Infrastructure Fund Fourteen, L.P.), Commercial Loan Agreement (ICON Leasing Fund Twelve, LLC)

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