Authority of Borrower and Guarantors. It is not necessary for the Agent or any Lender to inquire into the powers of the Borrower or any other Loan Party or of the officers, directors, members, partners or agents acting or purporting to act on their behalf, and any Guaranteed Obligations made or created in reliance upon the professed exercise of such powers shall be guaranteed hereunder.
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Samples: Credit Agreement (Flow International Corp), Security Agreement (Flow International Corp)
Authority of Borrower and Guarantors. It is not necessary for the Administrative Agent or any Lender to inquire into the powers of the Borrower or any other Loan Party or of the officers, directors, members, partners or agents acting or purporting to act on their behalf, and any Guaranteed Obligations made or created in reliance upon the professed exercise of such powers shall be guaranteed hereunder.
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Authority of Borrower and Guarantors. It is not necessary for the Agent Administrative Agent, any Lender or any Lender L/C Issuer to inquire into the powers of the Borrower or any other Loan Party or of the officers, directors, members, partners or agents acting or purporting to act on their behalf, and any Guaranteed Obligations made or created in reliance upon the professed exercise of such powers shall be guaranteed hereunder.
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