Responsible Officer definition
Examples of Responsible Officer in a sentence
The amount of any such payment shall be certified by Responsible Officer of the Borrower to the Lender on the applicable payment date in a form reasonably acceptable to the Lender.
All references to “knowledge” of the Borrower or any of its Subsidiaries means the actual knowledge of a Responsible Officer.
Each notice delivered under this Section 5.05 shall be accompanied by a statement of a Responsible Officer of the Borrower setting forth the details of the event or development requiring such notice and any action taken or proposed to be taken with respect thereto.
Unless and until a Responsible Officer of the Trustee receives at the Corporate Trust Office such a certificate, the Trustee may assume without inquiry that no such Additional Interest is payable.
None of the Collateral Agent, the Collateral Administrator or the Securities Intermediary shall be deemed to have knowledge of any Default, Event of Default, Market Value Event or failure of the Borrowing Base Test unless and until a Responsible Officer has received written notice thereof from the Company, a Lender or the Administrative Agent.