Common use of Treasury Manager Clause in Contracts

Treasury Manager. Each Borrower authorizes the Treasury Manager to act as its manager in making requests and in carrying out as its manager and on its behalf all other functions conferred on the Treasury Manager under this Agreement and all other ancillary functions. Each Borrower further agrees that the Treasury Manager may nominate any Borrower as the Designated Borrower, and agrees that the Loans allocated to it, and all other acts carried out by the Treasury Manager falling within its authority, shall be conclusive and binding on it and all parties. Neither any Bank nor the Agent is or shall be deemed to be concerted as to the Treasury Manager's compliance or otherwise with instructions from any Borrower. The content of each request and every other notice delivered by the Treasury Manager shall be irrevocable, and the Agent and the Banks shall be entitled to rely fully on their content.

Appears in 3 contracts

Samples: Guaranty Agreement (Invacare Corp), Credit Agreement (Invacare Corp), Loan Agreement (Invacare Corp)

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Treasury Manager. Each Borrower authorizes the Treasury Manager to act as its manager in making requests and in carrying out as its manager and on its behalf all other functions conferred on the Treasury Manager under this Agreement and all other ancillary functions. Each Borrower further agrees that the Treasury Manager may nominate any Borrower as the Designated Borrower, and agrees that the Loans Advances allocated to it, and all other acts carried out by the Treasury Manager falling within its authority, shall be conclusive and binding on it and all parties. Neither any Bank nor the Agent is or shall be deemed to be concerted as to the Treasury Manager's compliance or otherwise with instructions from any Borrower. The content of each request and every other notice delivered by the Treasury Manager shall be irrevocable, and the Agent and the Banks shall be entitled to rely fully on their content.

Appears in 2 contracts

Samples: Credit Agreement (Invacare Corp), Credit Agreement (Invacare Corp)

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Treasury Manager. Each Borrower authorizes the Treasury Manager to act as its manager in making requests and in carrying out as its manager and on its behalf all other functions conferred on the Treasury Manager under this Agreement and all other ancillary functions. Each Borrower further agrees that the Treasury Manager may nominate any Borrower as the Designated Borrower, and agrees that the Loans Advances allocated to it, and all other acts carried out by the Treasury Manager falling within its authority, shall be conclusive and binding on it and all parties. Neither any Bank nor the Agent is or shall be deemed to be concerted as to the Treasury Manager's compliance or otherwise with instructions from any Borrower. The content of each request and every other notice delivered by the Treasury Manager shall be irrevocable, and the Agent and the Banks shall be entitled to rely fully on their content.

Appears in 2 contracts

Samples: Loan Agreement (Invacare Corp), Assumption Agreement (Invacare Corp)

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