Effect of Transmittal Letters. Any Transmittal Letter delivered ----------------------------- to the Agent hereunder, together with the documents accompanying such Transmittal Letter, shall conclusively be presumed to have been delivered to the Agent on behalf of the Company notwithstanding that such Transmittal Letter shall not have been signed or submitted by a person who has been authorized in writing to do so by the Company through its Board of Directors or otherwise.
Appears in 2 contracts
Samples: Credit Agreement (New Century Financial Corp), Credit Agreement (New Century Financial Corp)
Effect of Transmittal Letters. Any Transmittal Letter delivered ----------------------------- to the Agent hereunder, together with the documents accompanying such Transmittal Letter, shall conclusively be presumed to have been delivered to the Agent on behalf of the Company notwithstanding that such Transmittal Letter shall not have been signed or submitted Borrower by a person who has been authorized in writing to do so by the Company Borrower through its Board of Directors or otherwise.
Appears in 2 contracts
Samples: Credit Agreement (Horton D R Inc /De/), Credit Agreement (Horton D R Inc /De/)
Effect of Transmittal Letters. Any Transmittal Letter delivered ----------------------------- to the Agent hereunder, together with the documents accompanying such Transmittal Letter, shall conclusively be presumed to have been delivered to the Agent on behalf of the Company notwithstanding that such Transmittal Letter shall not have been signed or submitted by a person who has been authorized in writing to do so by the Company through its Board of Directors or otherwise.
Appears in 1 contract
Samples: Pledge and Security Agreement (New Century Financial Corp)
