Administration of Credit. (a) Applicant will promptly examine a copy of each Credit (and any amendments thereof) sent to Applicant, as well as all other instruments and documents delivered to Applicant from time to time in connection with such Credit, and, in the event Applicant has any claim of non-compliance with the instructions or of any discrepancy or other irregularity, Applicant will notify GE Capital thereof in writing within two business days after its receipt of a copy of such Credit (and any amendments thereof), and Applicant will conclusively be deemed to have waived any such claim against GE Capital, Issuer and their subcontractors, servicers and agents unless such notice is given as aforesaid.
Administration of Credit. (a) Applicant will promptly examine a copy of each Credit (and any proposed amendments thereto) sent to Applicant, as well as all other instruments and documents delivered to Applicant from time to time in connection with such Credit, and, in the event Applicant has any claim of non-compliance with the instructions or of any discrepancy or other irregularity or any objection to any action taken or proposed to be taken by GE Capital with respect to any Credit, Applicant will notify GE Capital thereof in writing within three business days after its receipt of a copy of such Credit, any amendments thereto, or such instruments or documents or notice of any such proposed action, and Applicant will conclusively be deemed to have waived any such claim against GE Capital and its subcontractors, servicers and agents or any defense to payment of GE Capital, its subcontractors or agents, unless such notice is given as aforesaid. This Section 3(a) is intended to substitute three business days for the "not unreasonable time period" set forth in Rule 5.09 of ISP 98.
Administration of Credit. (a) Applicant will promptly examine the copy of the Credit (and any amendments thereof) sent to Applicant by Bank, as well as all other instruments and documents delivered to Applicant from time to time, and, in the event Applicant has any claim of noncompliance with the instructions or of any discrepancy or other irregularity, Applicant will immediately notify Bank thereof in writing, and Applicant will conclusively be deemed to have waived any such claim against Bank and its correspondents unless such immediate claim against Bank and its correspondents unless such immediate notice is given as aforesaid.
Administration of Credit. (a) Applicant will promptly examine a copy of each Credit (and any proposed amendments thereto) sent to Applicant, as well as all other instruments and documents delivered to Applicant from time to time in connection with such Credit, and, in the event Applicant has any claim of non-compliance with the instructions or of any discrepancy or other irregularity or any objection to any action taken or proposed to be taken by Issuer with respect to any Credit, Applicant will notify Issuer thereof in writing within three Business Days after its receipt of a copy of such Credit, any amendments thereto, or such instruments or documents or notice of any such proposed action, and Applicant will conclusively be deemed to have waived any such claim against Issuer and its subcontractors, servicers and agents or any defense to payment of Issuer, its subcontractors or agents, unless such notice is given as aforesaid. This Section 3(a) is intended to substitute three Business Days for the “not unreasonable” time period set forth in Rule 5.09b of ISP 98.
Administration of Credit. (a) Applicant will promptly examine a copy of each Credit (and any proposed amendments thereto) sent to Applicant, as well as all other instruments and documents delivered to Applicant from time to time in connection with such Credit, and, in the event Applicant has any claim of non-compliance with the instructions or of any discrepancy or other irregularity or any objection to any action taken or proposed to be taken by GE Capital with respect to any Credit, Applicant will notify GE Capital thereof in writing within two business days after its receipt of a copy of such Credit, any amendments thereto, or such instruments or documents or notice of any such proposed action, and Applicant will conclusively be deemed to have waived any such claim against GE Capital and its subcontractors, servicers and agents, unless such notice is given as aforesaid. This Section 3(a) is intended to substitute two business days for the “not unreasonable time period” set forth in Rule 5.09 of ISP 98.
Administration of Credit. A) Obligor will promptly examine the copy of the Letters of Credit (and any amendments thereof) sent to Obligor by the Bank or an Advising Bank, as well as all other instruments and documents delivered to Obligor from time to time, and, in the event Obligor has any claim of noncompliance with the instructions or of any discrepancy or other irregularity, Obligor will promptly notify the Bank and Advising Bank thereof in writing, and Obligor will conclusively be deemed to have waived any such claim against the Bank, Advising Bank and any of the Bank’s other correspondents unless such prompt notice is given as aforesaid.
Administration of Credit. Facilities (a) Except as otherwise specifically provided in this Agreement, the Agent may take any action with respect to the credit facility contemplated by the Loan Documents as the Agent determines to be appropriate within its area of responsibility and authority, as set forth in Sections 15.2(b) and 15.2(a), provided, however, the Agent is not under any affirmative obligation to take any action which it is not required by this Agreement or the other Loan Documents specifically to so take. (b) Except as specifically provided in the following Sections of this Agreement, whenever this Agreement or any other Loan Document provides that action may be taken or omitted to be taken in the Agent's discretion, the Agent shall have the sole right to take, or refrain from taking, such action without, and notwithstanding, any vote of the Lenders:
Administration of Credit. (a) Applicant will promptly examine the copy of the Credit (and any amendments thereof) sent to Applicant, as well as all other instruments and documents delivered to Applicant from time to time in connection with the Credit, and, in the event Applicant has any claim of non-compliance with the instructions or of any discrepancy or other irregularity, Applicant will immediately notify GE Capital thereof in writing, and Applicant will conclusively be deemed to have waived any such claim against GE Capital, Bank and their correspondents unless such immediate notice is given as aforesaid.
Administration of Credit. (a) Each Lender hereby irrevocably appoints and authorizes Administrative Agent to act as administrative agent for and on behalf of such Lender to the extent and in the manner provided in this Agreement and the other Loan Documents and to take such other actions as may be reasonably incidental thereto.
Administration of Credit
