Common use of Administration by the Agent Clause in Contracts

Administration by the Agent. (a) The Agent may rely upon any notice or other communication of any nature (written or oral, including but not limited to telephone conversations, whether or not such notice or other communication is made in a manner permitted or required by this Agreement or any Loan Document) purportedly made by or on behalf of the proper party or parties, and the Agent shall not have any duty to verify the identity or authority of any Person giving such notice or other communication.

Appears in 10 contracts

Samples: Credit Agreement (Steel Dynamics Inc), Credit Agreement (Aasche Transportation Services Inc), Guaranty and Suretyship Agreement (Curtiss Wright Corp)

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Administration by the Agent. (a) The Agent may rely upon any notice or other communication of any nature (written or oral, including but not limited to telephone conversations, whether or not such notice or other communication is made in a manner permitted or required by this Agreement or any other Loan Document) purportedly made by or on behalf of the proper party or parties, and the Agent shall not have any duty to verify the identity or authority of any Person person giving such notice or other communication.

Appears in 5 contracts

Samples: Business Loan and Security Agreement (ICF International, Inc.), Business Loan and Security Agreement (Opinion Research Corp), Business Loan and Security Agreement (ICF International, Inc.)

Administration by the Agent. (a) The Agent may rely upon any notice or other communication of any nature (written or oral, including but not limited to telephone conversations, whether or not such notice or other communication is made in a manner permitted or required by this Agreement or any Loan Transaction Document) purportedly made by or on behalf of the proper party or parties, and the Agent shall not have any duty to verify the identity or authority of any Person giving such notice or other communication.

Appears in 4 contracts

Samples: Facility and Reimbursement Agreement (Xl Capital LTD), Xl Capital LTD, Xl Capital LTD

Administration by the Agent. (a) The Agent may rely upon any notice or other communication of any nature (written or oral, including but not limited to telephone conversations, whether or not such notice or other communication is made in a manner permitted or required by this Agreement or any other Loan Document) purportedly made by or on behalf of the proper party or parties, and the Agent shall not have any duty to verify the identity or authority of any Person giving such notice or other communication.

Appears in 2 contracts

Samples: Pledge Agreement (Genesis Health Ventures Inc /Pa), Credit Agreement (Nco Group Inc)

Administration by the Agent. (a) The Agent may rely upon any notice or other communication of any nature (written or oral, including but not limited to telephone conversations, whether or not such notice or other communication is made in a manner permitted or required by this Agreement or any other Loan Document) purportedly made by or on behalf of the proper party or parties, and the Agent shall not have any no duty to verify the identity or authority of any Person person giving such notice or other communication.

Appears in 2 contracts

Samples: Business Loan and Security Agreement (Iconixx Corp), Business Loan and Security Agreement (Averstar Inc)

Administration by the Agent. (a) The Agent may rely upon any notice or other communication of any nature (written or oral, including but not limited to telephone conversations, whether or not such notice or other communication is made in a manner permitted or required by this Agreement or any Loan Document) purportedly made by or on behalf of the proper party or parties, and the Agent shall not have any duty to verify the identity or authority of any Person giving such notice or other communication.

Appears in 2 contracts

Samples: Credit Agreement (J&l Specialty Steel Inc), Term Loan Agreement (J&l Specialty Steel Inc)

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Administration by the Agent. (ai) The Agent may rely upon any notice or other communication of any nature (written or oral, including but not limited to telephone conversations, whether or not such notice or other communication is made in a manner permitted or required by this Loan Agreement or any Loan Document) purportedly made by or on behalf of the proper party or parties, and the Agent shall not have any duty to verify the identity or authority of any Person giving such notice or other communication.

Appears in 2 contracts

Samples: Agreement (DRS Technologies Inc), Credit Loan and Term Loan Agreement (DRS Technologies Inc)

Administration by the Agent. (a) The Each Agent may rely upon any notice or other communication of any nature (written or oral, including but not limited to telephone conversations, whether or not such notice or other communication is made in a manner permitted or required by this Agreement or any other Loan Document) purportedly made by or on behalf of the proper party or parties, and the neither Agent shall not have any duty to verify the identity or authority of any Person person giving such notice or other communication.

Appears in 2 contracts

Samples: Credit and Security Agreement (Mantech International Corp), Business Loan and Security Agreement (Mantech International Corp)

Administration by the Agent. (a) The Agent may rely in good faith upon any notice or other communication of any nature (written or oral, including but not limited to telephone conversations, whether or not such notice or other communication is made in a manner permitted or required by this Agreement or any Loan Document) purportedly made by or on behalf of the proper party or parties, and the Agent shall not have any duty to verify the identity or authority of any Person giving such notice or other communication.

Appears in 1 contract

Samples: Revolving Credit Agreement (Barnes Group Inc)

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