Common use of Borrowers as Agents Clause in Contracts

Borrowers as Agents. Each Borrower appoints the other Borrower as its agent with all necessary power and authority to give and receive notices, certificates or demands for and on behalf of both Borrowers, to act as disbursing agent for receipt of any Credit Extensions on behalf of each Borrower and to apply to Bank on behalf of each Borrower for Credit Extensions, any waivers and any consents. This authorization cannot be revoked, and Bank need not inquire as to each Borrower’s authority to act for or on behalf of Borrower.

Appears in 27 contracts

Samples: Loan and Security Agreement (Precision Biosciences Inc), Loan and Security Agreement (Interpace Biosciences, Inc.), Loan and Security Agreement (Everside Health Group, Inc.)

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Borrowers as Agents. Each Borrower appoints the other Borrower as its agent with all necessary power and authority to give and receive notices, certificates or demands for and on behalf of both Borrowers, to act as disbursing agent for receipt of any Credit Extensions on behalf of each Borrower and to apply to Bank on behalf of each Borrower for Credit Extensions, any waivers and any consents. This authorization cannot be revoked, and Bank need not inquire as to each Borrower’s authority to act for or on behalf of another Borrower.

Appears in 9 contracts

Samples: Loan and Security Agreement (ThredUp Inc.), Loan and Security Agreement (ThredUp Inc.), Loan and Security Agreement

Borrowers as Agents. Each Borrower appoints the each other Borrower as its agent with all necessary power and authority to give and receive notices, certificates or demands for and on behalf of both Borrowerseach Borrower, to act as disbursing agent for receipt of any Credit Extensions on behalf of each Borrower and to apply to Bank on behalf of each Borrower for Credit Extensions, any waivers and any consents. This authorization cannot be revoked, and Bank need not inquire as to each Borrower’s authority to act for or on behalf of a Borrower.

Appears in 9 contracts

Samples: Loan and Security Agreement (Xilio Therapeutics, Inc.), Loan and Security Agreement (Xilio Therapeutics, Inc.), Loan and Security Agreement (Ekso Bionics Holdings, Inc.)

Borrowers as Agents. Each Borrower appoints the other Borrower as its agent with all necessary power and authority to give and receive notices, certificates or demands for and on behalf of both Borrowers, to act as disbursing agent for receipt of any Credit Extensions Advances on behalf of each Borrower and to apply to Bank on behalf of each Borrower for Credit ExtensionsAdvances, any waivers and any consents. This authorization cannot be revoked, and Bank need not inquire as to each Borrower’s authority to act for or on behalf of Borrower.

Appears in 4 contracts

Samples: Loan and Security Agreement (Safeguard Scientifics Inc), Loan Agreement (Safeguard Scientifics Inc), Loan and Security Agreement (Safeguard Scientifics Inc)

Borrowers as Agents. Each Borrower appoints the other Borrower as its agent with all necessary power and authority to give and receive notices, certificates or demands for and on behalf of both Borrowers, to act as disbursing agent for receipt of any Credit Extensions on behalf of each Borrower and to authorize Parent to apply to Bank on behalf of each Borrower for Credit Extensions, any waivers and any consents. This authorization cannot be revoked, and Bank need not inquire as to each Borrower’s authority to act for or on behalf of such Borrower.

Appears in 3 contracts

Samples: Loan and Security Agreement, Loan and Security Agreement (Trupanion Inc.), Loan and Security Agreement (Trupanion Inc.)

Borrowers as Agents. Each Borrower appoints the each other Borrower as its agent with all necessary power and authority to give and receive notices, certificates or demands for and on behalf of both Borrowerseach Borrower, to act as disbursing agent for receipt of any Credit Extensions on behalf of each Borrower and to apply to Bank on behalf of each Borrower for Credit Extensions, any waivers and any consents. This authorization cannot be revoked, and Bank need not inquire as to each Borrower’s authority to act for or on behalf of Borrower.and

Appears in 2 contracts

Samples: Loan and Security Agreement (Asante Solutions, Inc.), Loan and Security Agreement (Asante Solutions, Inc.)

Borrowers as Agents. Each Borrower appoints the each other Borrower as its agent with all necessary power and authority to give and receive notices, certificates or demands for and on behalf of both all Borrowers, to act as disbursing agent for receipt of any Credit Extensions Advance on behalf of each Borrower and to apply to Bank Agent on behalf of each Borrower for Credit ExtensionsAdvances, any waivers and any consents. This authorization cannot be revoked, and Bank Agent need not inquire as to each one Borrower’s authority to act for or on behalf of another Borrower.

Appears in 2 contracts

Samples: Loan and Security Agreement, Loan and Security Agreement (Zipcar Inc)

Borrowers as Agents. Each Borrower appoints the each other Borrower as its agent with all necessary power and authority to give and receive notices, certificates or demands for and on behalf of both all Borrowers, to act as disbursing agent for receipt of any Credit Extensions on behalf of each Borrower and to apply to Bank on behalf of each Borrower for Credit Extensions, any waivers and any consents. This authorization cannot be revoked, and Bank need not inquire as to each any Borrower’s authority to act for or on behalf of any other Borrower.

Appears in 2 contracts

Samples: Loan and Security Agreement (Bacterin International Holdings, Inc.), Loan and Security Agreement (GigOptix, Inc.)

Borrowers as Agents. Each Borrower appoints the other Borrower as its agent with all necessary power and authority to give and receive notices, certificates or demands for and on behalf of both Borrowers, to act as disbursing agent for receipt of any Credit Extensions on behalf of each Borrower and to apply to Bank on behalf of each Borrower for Credit Extensions, any waivers and any consents. This authorization cannot be revoked, and Bank need not inquire as to each Borrower’s authority to act for or on behalf of BorrowerXxxxxxxx.

Appears in 2 contracts

Samples: Loan and Security Agreement (Precision Biosciences Inc), Loan and Security Agreement (Limeade, Inc)

Borrowers as Agents. Each Borrower appoints the other Borrower as its agent with all necessary power and authority to give and receive notices, certificates or demands for and on behalf of both Borrowers, to act as disbursing agent for receipt of any Credit Extensions on behalf of each Borrower and to apply to Bank on behalf of each Borrower for Credit Extensions, any waivers and any consents. This authorization cannot be revoked, and Bank need not inquire as to each Borrower’s authority to act for or on behalf of Borrowerthe Borrowers.

Appears in 2 contracts

Samples: Loan and Security Agreement (Journey Medical Corp), Loan and Security Agreement (Journey Medical Corp)

Borrowers as Agents. Each Borrower appoints the other Borrower as its agent with all necessary power and authority to give and receive notices, certificates or demands for and on behalf of both Borrowers, to act as disbursing agent for receipt of any Credit Extensions Advances on behalf of each Borrower and to apply to Bank on behalf of each Borrower for Credit ExtensionsAdvances, any waivers and any consents. This authorization cannot be revoked, and Bank need not inquire as to each Borrower’s 's authority to act for or on behalf of Borrower.

Appears in 2 contracts

Samples: Loan Agreement (Safeguard Scientifics Inc Et Al), Loan and Security Agreement (Maxwell Technologies Inc)

Borrowers as Agents. Each Borrower appoints the other Borrower as its agent with all necessary power and authority to give and receive notices, certificates or demands for and on behalf of both Borrowers, to act as disbursing agent for receipt of any Credit Extensions the Loan on behalf of each Borrower and to authorize Parent to apply to Bank Lenders on behalf of each Borrower for Credit Extensionsthe Loan, any waivers and any consents. This authorization cannot be revoked, and Bank Lenders need not inquire as to each Borrower’s authority to act for or on behalf of such Borrower.

Appears in 2 contracts

Samples: Credit Agreement (Trupanion Inc.), Credit Agreement (Trupanion Inc.)

Borrowers as Agents. Each Borrower appoints the other Borrower as its agent with all necessary power and authority to give and receive notices, certificates or demands for and on behalf of both all Borrowers, to act as disbursing agent for receipt of any Credit Extensions on behalf of each Borrower and to apply to Bank Agent on behalf of each Borrower for Credit Extensions, any waivers and any consents. This authorization cannot be revoked, and Bank Agent need not inquire as to each Borrower’s authority to act for or on behalf of another Borrower.

Appears in 1 contract

Samples: Loan and Security Agreement (ThredUp Inc.)

Borrowers as Agents. Each Borrower appoints the other Borrower as its agent with all necessary power and authority to give and receive notices, certificates or demands for and on behalf of both Borrowers, to act as disbursing agent for receipt of any Credit Extensions the Loan on behalf of each Borrower and to apply to Bank Lender on behalf of each Borrower for Credit Extensionsfunding of the Loan, any waivers and any consents. This authorization cannot be revoked, and Bank Lender need not inquire as to each Borrower’s authority to act for or on behalf of another Borrower.

Appears in 1 contract

Samples: Venture Loan and Security Agreement (Everyday Health, Inc.)

Borrowers as Agents. Each Borrower appoints the other Borrower Borrowers as its agent with all necessary power and authority to give and receive notices, certificates or demands for and on behalf of both all Borrowers, to act as disbursing agent for receipt of any Credit Extensions on behalf of each Borrower and to apply to Bank on behalf of each Borrower for Credit Extensions, any waivers and any consents. This authorization cannot be revoked, and Bank need not inquire as to each Borrower’s authority to act for or on behalf of a Borrower.

Appears in 1 contract

Samples: Loan Agreement (PointClickCare Corp.)

Borrowers as Agents. Each Borrower appoints the other Borrower as its agent with all necessary power and authority to give and receive notices, certificates or demands for and on behalf of both Borrowers, to act as disbursing agent for receipt of any Credit Extensions the Term Loan on behalf of each Borrower and to apply to Bank Lender on behalf of each Borrower for Credit Extensionsthe Term Loan, any waivers and any consents. This authorization cannot be revoked, and Bank Lender need not inquire as to each Borrower’s authority to act for or on behalf of the other Borrower.

Appears in 1 contract

Samples: Loan and Security Agreement (Gores Holdings VIII Inc.)

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Borrowers as Agents. Each Borrower appoints the other Borrower as its agent with all necessary power and authority to give and receive notices, certificates or demands for and on behalf of both all Borrowers, to act as disbursing agent for receipt of any Credit Extensions on behalf of each Borrower and to apply to Bank on behalf of each Borrower for Credit ExtensionsLetters of Credit, any waivers and any consents. This authorization cannot be revoked, and Bank need not inquire as to each Borrower’s authority to act for or on behalf of Borrower.

Appears in 1 contract

Samples: Credit Agreement (Internet Capital Group Inc)

Borrowers as Agents. Each Borrower appoints the other Borrower as its agent with all necessary power and authority to give and receive notices, certificates or demands for and on behalf of both Borrowers, to act as disbursing agent for receipt of any Credit Extensions on behalf of each Borrower and to apply to Bank on behalf of each Borrower for Credit Extensions, any waivers and any consents. This authorization cannot be revoked, and Bank need not inquire as to each Borrower’s authority to act for or on behalf of Borrower.on

Appears in 1 contract

Samples: Loan and Security Agreement (BlackSky Technology Inc.)

Borrowers as Agents. Each Borrower appoints each of the other Borrower Borrowers as its agent with all necessary power and authority to give and receive notices, certificates or demands for and on behalf of both all Borrowers, to act as disbursing agent for receipt of any Credit Extensions on behalf of each Borrower and to apply to Bank on behalf of each Borrower for Credit Extensions, any waivers and any consents. This authorization cannot be revoked, and Bank need not inquire as to each Borrower’s authority to act for or on behalf of any other Borrower.

Appears in 1 contract

Samples: Loan and Security Agreement (Cempra, Inc.)

Borrowers as Agents. Each Borrower appoints the other Borrower as its agent with all necessary power and authority to give and receive notices, certificates or demands for and on behalf of both Borrowers, to act as disbursing agent for receipt of any Credit Extensions on behalf of each Borrower and to apply to Bank on behalf of each Borrower for Credit Extensions, any waivers and any consents. This authorization cannot be revoked, and Bank need not inquire as to each Borrower’s 's authority to act for or on behalf of Borrower.

Appears in 1 contract

Samples: Loan and Security Agreement (Quovadx Inc)

Borrowers as Agents. Each Borrower appoints the other Borrower as its agent with all necessary power and authority to give and receive notices, certificates or demands for and on behalf of both Borrowers, to act as disbursing agent for receipt of any Credit Extensions on behalf of each Borrower all Borrowers and to apply to Bank on behalf of each Borrower for Credit ExtensionsLetters of Credit, any waivers and any consents. This authorization cannot be revoked, and Bank need not inquire as to each Borrower’s 's authority to act for or on behalf of each other Borrower.

Appears in 1 contract

Samples: Credit Agreement (Internet Capital Group Inc)

Borrowers as Agents. Each Borrower appoints the other Borrower as its agent with all necessary power and authority to give and receive notices, certificates or demands for and on behalf of both Borrowers, to act as disbursing agent for receipt of any Credit Extensions the Loan on behalf of each Borrower and to authorize Parent to apply to Bank Lender on behalf of each Borrower for Credit Extensionsthe Loan, any waivers and any consents. This authorization cannot be revoked, and Bank Lender need not inquire as to each Borrower’s authority to act for or on behalf of such Borrower.

Appears in 1 contract

Samples: Credit Agreement (Trupanion Inc.)

Borrowers as Agents. Each Borrower appoints the other Borrower as its agent with all necessary power and authority to give and receive notices, certificates or demands for and on behalf of both Borrowers, to act as disbursing agent for receipt of any Credit Extensions on behalf of each Borrower and to apply to Bank Lenders on behalf of each Borrower for Credit Extensions, any waivers and any consents. This authorization cannot be revoked, and Bank Lenders need not inquire as to each Borrower’s authority to act for or on behalf of Borrower.

Appears in 1 contract

Samples: Loan and Security Agreement (CareView Communications Inc)

Borrowers as Agents. Each Borrower appoints the other Borrower as its agent with all necessary power and authority to give and receive notices, certificates or demands for and on behalf of both Borrowers, to act as disbursing agent for receipt of any Credit Extensions on behalf of each Borrower and to apply to Bank on behalf of each Borrower for Credit Extensions, any waivers and any consents. This authorization cannot be revoked, and Bank need not inquire as to each Borrower’s authority to act for or on behalf of any other Borrower.

Appears in 1 contract

Samples: Loan and Security Agreement (Warby Parker Inc.)

Borrowers as Agents. Each Borrower appoints the other Borrower as its agent with all necessary power and authority to give and receive notices, certificates or demands for and on behalf of both Borrowers, to act as disbursing agent for receipt of any Credit Extensions on behalf of each Borrower and to apply to Bank Administrative Agent on behalf of each Borrower for Credit Extensions, any waivers and any consents. This authorization cannot be revoked, and Bank Administrative Agent need not inquire as to each Borrower’s authority to act for or on behalf of Borrower.

Appears in 1 contract

Samples: Loan and Security Agreement (Trupanion Inc.)

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