The Borrower Representatives Sample Clauses

The Borrower Representatives. Parent and Trans-High (acting individually or together) are hereby appointed by each of the Borrowers (and hereby accept the appointment) as each Borrower’s contractual representatives under this Agreement and all other Loan Documents, and each Borrower irrevocably authorizes Parent and Trans-High, individually, to act as Borrower’s contractual representative with the rights and duties set forth herein and in the other Loan Documents. Parent and Trans-High agree to act as contractual representatives and to promptly provide to Borrowers any notices delivered by Lender under the Loan Documents. Additionally, Borrowers hereby appoint Parent and Trans-High (individually or together) as their agents to receive all of the proceeds of the Revolving Loans in the Operating Account, at which time Parent or Trans-High will disburse the Revolving Loans among Borrowers as agreed by Borrowers. Lender and its officers, directors, agents and employees, will not be liable to Parent or any Borrower for any action taken or omitted to be taken by Parent and Trans-High or the other Borrowers pursuant to this Section 3.8. Lender may regard any notice or other communication pursuant to any Loan Document from Parent or Trans-High as a notice or communication from all Borrowers, and may give any notice or communication required or permitted to be given to any Borrower to Parent or Trans-High on behalf of all Borrowers. Each Borrower agrees that each notice or communication made on its behalf by Parent or Trans-High will be deemed for all purposes to have been made by each Borrower and will be binding upon and enforceable against each Borrower to the same extent as if it had been made directly by each Borrower.