Common use of Borrowers’ Agent Clause in Contracts

Borrowers’ Agent. Each Borrower hereby irrevocably appoints and authorizes the Company to take such action and deliver and receive notices hereunder as agent on its behalf and to exercise such powers under this Agreement as delegated to it by the terms hereof, together with all such powers as are reasonably incidental thereto. In furtherance of and not in limitation of the foregoing, for administrative convenience of the parties hereto, the Administrative Agent and the Lenders shall send all notices and communications to be sent to any Borrower solely to the Company and may rely solely upon the Company to receive all such notices and other communications for and on behalf of each Borrower. Neither the Company nor any of its respective directors, officers, agents or employees shall be liable to any other Borrower for any action taken or not taken by it in connection herewith (i) with the consent or at the request of such Borrower or (ii) in the absence of its own gross negligence or willful misconduct. No Person other than the Company (and its authorized directors, officers, agents and employees) may act as agent for the Borrowers hereunder without the written consent of the Administrative Agent.

Appears in 3 contracts

Samples: Credit Agreement (Pentair Inc), Credit Agreement (Pentair Inc), Credit Agreement (Pentair Inc)

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Borrowers’ Agent. Each Borrower hereby irrevocably appoints and authorizes the Company to take such action and deliver and receive notices hereunder as agent on its behalf and to exercise such powers under this Agreement as delegated to it by the terms hereof, together with all such powers as are reasonably incidental thereto. In furtherance of and not in limitation of the foregoing, for administrative convenience of the parties hereto, the Administrative Agent and the Lenders shall send all notices and communications to be sent to any Borrower solely to the Company and may rely solely upon the Company to receive all such notices and other communications for and on behalf of each Borrower. Neither the Company nor any of its respective directors, officers, agents or employees shall be liable to any other Borrower for any action taken or not taken by it in connection herewith (iii) with the consent or at the request of such Borrower or (ii) in the absence of its own gross negligence or willful misconduct. No Person other than the Company (and its authorized directors, officers, agents officers and employees) may act as agent for the Borrowers hereunder without the written consent of the Administrative Agent.

Appears in 3 contracts

Samples: Credit Agreement (Pentair Inc), Credit Agreement (Pentair Inc), Long Term Credit Agreement (Pentair Inc)

Borrowers’ Agent. Each Borrower hereby irrevocably appoints and authorizes the Company Anixter to take such action and deliver and receive notices hereunder as agent on its behalf and to exercise such powers under this Agreement as delegated to it by the terms hereof, together with all such powers as are reasonably incidental thereto. In furtherance of and not in limitation of the foregoing, for administrative convenience of the parties hereto, the Administrative Agent and the Lenders shall send all notices and communications to be sent to any Borrower solely to the Company Anixter and may rely solely upon the Company Anixter to receive all such notices and other communications for and on behalf of each Borrower. Neither the Company Anixter nor any of its respective directors, officers, agents or employees shall be liable to any other Borrower for any action taken or not taken by it in connection herewith (i) with the consent or at the request of such Borrower or (ii) in the absence of its own gross negligence or willful misconduct. No Person other than the Company Anixter (and its authorized directors, officers, agents officers and employees) may act as agent for the Borrowers hereunder without the written consent of the Administrative Agent.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Anixter International Inc), Revolving Credit Agreement (Anixter International Inc)

Borrowers’ Agent. Each The Borrower hereby irrevocably appoints and authorizes the Company Parent to take such action and deliver and receive notices hereunder as agent on its behalf and to exercise such powers under this Agreement as delegated to it by the terms hereof, together with all such powers as are reasonably incidental thereto. In furtherance of and not in limitation of the foregoing, for administrative convenience of the parties hereto, the Administrative Agent and the Lenders shall send all notices and communications to be sent to any the Borrower solely to the Company Parent and may rely solely upon the Company Parent to receive all such notices and other communications for and on behalf of each the Borrower. Neither the Company Parent nor any of its respective directors, officers, agents or employees shall be liable to any other the Borrower for any action taken or not taken by it in connection herewith (i) with the consent or at the request of such the Borrower or (ii) in the absence of its own gross negligence or willful misconduct. No Person other than the Company Parent (and its authorized directors, officers, agents and employees) may act as agent for the Borrowers Borrower hereunder without the written consent of the Administrative Agent.

Appears in 2 contracts

Samples: Credit Agreement (UL Solutions Inc.), Credit Agreement (UL Inc.)

Borrowers’ Agent. Each Borrower hereby irrevocably appoints and authorizes the Company Anixter to take such action and deliver and receive notices hereunder as agent on its behalf and to exercise such powers under this Agreement as delegated to it by the terms hereof, together with all such powers as are reasonably incidental thereto. In furtherance of and not in limitation of the foregoing, for administrative convenience of the parties hereto, the Administrative Agent and the Lenders shall send all notices and communications to be sent to any Borrower solely to the Company Anixter and may rely solely upon the Company Anixter to receive all such notices and other communications for and on behalf of each Borrower. Neither the Company Anixter nor any of its respective directors, officers, agents or employees shall be liable to any other Borrower for any action taken or not taken by it in connection herewith (ia) with the consent or at the request of such Borrower or (iib) in the absence of its own gross negligence or willful misconduct. No Person other than the Company Anixter (and its authorized directors, officers, agents officers and employees) may act as agent for the Borrowers hereunder without the written consent of the Administrative Agent.

Appears in 2 contracts

Samples: And Incremental Facility Agreement (Anixter International Inc), Year Revolving Credit Agreement (Anixter International Inc)

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Borrowers’ Agent. Each Borrower hereby irrevocably appoints and authorizes the Company Pentair to take such action and deliver and receive notices hereunder as agent on its behalf and to exercise such powers under this Agreement as delegated to it by the terms hereof, together with all such powers as are reasonably incidental thereto. In furtherance of and not in limitation of the foregoing, for administrative convenience of the parties hereto, the Administrative Agent Agents and the Lenders Banks shall send all notices and communications to be sent to any Borrower solely to the Company Pentair and may rely solely upon the Company Pentair to receive all such notices and other communications for and on behalf of each Borrower. Neither the Company Pentair nor any of its respective directors, officers, agents or employees shall be liable to any other Borrower for any action taken or not taken by it in connection herewith (iii) with the consent or at the request of such Borrower or (ii) in the absence of its own gross negligence or willful misconduct. No Person other than the Company (and its authorized directors, officers, agents and employees) Pentair may act as agent for the Borrowers hereunder without the written consent of all of the Administrative AgentAgents hereunder.

Appears in 1 contract

Samples: Multi Facility Credit Agreement (Pentair Inc)

Borrowers’ Agent. Each Borrower hereby irrevocably appoints and authorizes the Company to take such action and deliver and receive notices hereunder as agent on its behalf and to exercise such powers under this Agreement as delegated to it by the terms hereof, together with all such powers as are reasonably incidental thereto. In furtherance of and not in limitation of the foregoing, for administrative convenience of the parties hereto, the Administrative Agent and the Lenders shall send all notices and communications to be sent to any Borrower solely to the Company and may rely solely upon the Company to receive all such notices and other communications for and on behalf of each Borrower. 91 Neither the Company nor any of its respective directors, officers, agents or employees shall be liable to any other Borrower for any action taken or not taken by it in connection herewith (i) with the consent or at the request of such Borrower or (ii) in the absence of its own gross negligence or willful misconduct. No Person other than the Company (and its authorized directors, officers, agents and employees) may act as agent for the Borrowers hereunder without the written consent of the Administrative Agent.

Appears in 1 contract

Samples: Credit Agreement (PENTAIR PLC)

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