Common use of The Agents’ Rights Clause in Contracts

The Agents’ Rights. The Agent may:- 10.8.1 assume that all representations or warranties made or deemed repeated by any of the Security Parties in or pursuant to any of the Security Documents are true and complete, unless, in its capacity as the Agent, it has acquired actual knowledge to the contrary; and 10.8.2 assume that no Event of Default or Potential Event of Default has occurred unless, in its capacity as the Agent, it has acquired actual knowledge to the contrary; and 10.8.3 rely on any document or Communication believed by it to be genuine; and 10.8.4 rely as to legal or other professional matters on opinions and statements of any legal or other professional advisers selected or approved by it; and

Appears in 2 contracts

Samples: Loan Facility Agreement (Stolt Offshore S A), Secured Loan Facility Agreement (Euroseas Ltd.)

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The Agents’ Rights. The Agent may:- 10.8.1 11.8.1 assume that all representations or warranties made or deemed repeated by any of the Security Parties in or pursuant to any of the Security Documents are true and complete, unless, in its capacity as the Agent, it has acquired actual knowledge to the contrary; and 10.8.2 11.8.2 assume that no Event of Default or Potential Event of Default has occurred unless, in its capacity as the Agent, it has acquired actual knowledge to the contrary; and 10.8.3 11.8.3 rely on any document or Communication believed by it to be genuine; and 10.8.4 11.8.4 rely as to legal or other professional matters on opinions and statements of any legal or other professional advisers selected or approved by it; and

Appears in 1 contract

Samples: Loan Agreement (Stolt Comex Seaway S A)

The Agents’ Rights. The Agent may:- 10.8.1 9.8.1 assume that all representations or warranties made or deemed repeated by any of the Security Parties in or pursuant to any of the Security Documents are true and complete, unless, in its capacity as the Agent, it has acquired actual knowledge to the contrary; and 10.8.2 9.8.2 assume that no Event of Default or Potential Event of Default has occurred unless, in its capacity as the Agent, it has acquired actual knowledge to the contrary; and 10.8.3 9.8.3 rely on any document or Communication believed by it to be genuine; and 10.8.4 9.8.4 rely as to legal or other professional matters on opinions and statements of any legal or other professional advisers selected or approved by it; and

Appears in 1 contract

Samples: Loan Facility Agreement (Teekay Shipping Corp)

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The Agents’ Rights. The Agent may:-may: 10.8.1 assume that all representations or warranties made or deemed repeated by any of the Security Parties in or pursuant to any of the Security Documents are true and complete, unless, in its capacity as the Agent, it has acquired actual knowledge to the contrary; and 10.8.2 assume that no Event of Default or Potential Event of Default has occurred unless, in its capacity as the Agent, it has acquired actual knowledge to the contrary; and 10.8.3 rely on any document or Communication believed by it to be genuine; and 10.8.4 rely as to legal or other professional matters on opinions and statements of any legal or other professional advisers selected or approved by it; and

Appears in 1 contract

Samples: Loan Facility Agreement (Arlington Tankers Ltd.)

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