Common use of Reliance by Agent and Lenders Clause in Contracts

Reliance by Agent and Lenders. The Agent, L/C Issuer, Swing Line Lenders and Lenders shall be entitled to rely and act upon any notices (including telephonic Committed Loan Notices) purportedly given by or on behalf of any Borrower, which the Agent, L/C Issuer, Swing Line Lender or Lender believes in good faith to have been given by a duly authorized officer or other person authorized to borrow on behalf of any Borrower, even if (i) such notices were not made in a manner specified herein, were incomplete or were not preceded or followed by any other form of notice specified herein, or (ii) the terms thereof, as understood by the recipient, varied from any confirmation thereof. Each Borrower shall indemnify the Agent, the L/C Issuer, each Swing Line Lender, each Lender and the Related Parties of each of them from all losses, costs, expenses and liabilities resulting from the reliance by such Person on each notice purportedly given by or on behalf of such Borrower. All telephonic notices to and other communications with the Agent may be recorded by the Agent, and each of the parties hereto hereby consents to such recording.

Reliance by Agent and Lenders. The Agent, L/C Issuer, Swing Line Lenders Agent and the Lenders shall be entitled to rely and act upon any notices (including telephonic Committed or electronic Notices of Borrowing, Notices of Loan Prepayment, Letter of Credit Applications and Swing Line Loan Notices) purportedly given by or on behalf of any BorrowerLoan Party (it being understood that only the Borrower can provide Notices of Borrowing, which the AgentNotices of Loan Prepayment, L/C Issuer, Letter of Credit Applications and Swing Line Lender or Lender believes in good faith to have been given by a duly authorized officer or other person authorized to borrow on behalf of any Borrower, Loan Notices) even if (i) such notices were not made in a manner specified herein, were incomplete or were not preceded or followed by any other form of notice specified herein, herein or (ii) the terms thereof, as understood by the recipient, varied from any confirmation thereof. Each To the extent otherwise required by Section 9.2 of this Agreement, the Borrower shall indemnify the Agent, the L/C Issuer, each Swing Line Lender, each Lender and the Related Parties of each of them from all reasonable losses, costs, expenses and liabilities resulting from the reliance by such Person on each notice purportedly given by or on behalf of such Borrowera Loan Party. All telephonic notices to and other telephonic communications with the Agent may be recorded by the Agent, and each of the parties hereto hereby consents to such recording.