Common use of Reliance by Lender Clause in Contracts

Reliance by Lender. Lender shall be entitled to rely and act on any communications purportedly given by or on behalf of any Borrower even if (i) such communications (A) were not made in a manner specified herein, (B) were incomplete or (C) were not preceded or followed by any other notice specified herein, or (ii) the terms thereof, as understood by the recipient, varied from any subsequent related communications provided for herein. Each Borrower shall indemnify Lender from any loss, cost, expense or liability as a result of relying on any communications permitted herein.

Appears in 3 contracts

Samples: Credit Agreement (ADESTO TECHNOLOGIES Corp), General Security Agreement (ADESTO TECHNOLOGIES Corp), General Security Agreement (ADESTO TECHNOLOGIES Corp)

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Reliance by Lender. Lender shall be entitled to rely and act on any communications purportedly given by or on behalf of Borrower or any Borrower other Loan Party even if (i) such communications (A) were not made in a manner specified herein, (B) were incomplete or (C) were not preceded or followed by any other notice specified herein, or (ii) the terms thereof, as understood by the recipient, varied from any subsequent related communications provided for herein. Each Borrower shall indemnify Lender from any loss, cost, expense or liability as a result of relying on any communications permitted herein.

Appears in 2 contracts

Samples: Credit Agreement (Fusion Telecommunications International Inc), Credit Agreement (Fusion Telecommunications International Inc)

Reliance by Lender. Lender shall be entitled to rely and act on any communications purportedly given by or on behalf of any Borrower even if (i) such communications (A) were not made in a manner specified herein, (B) were incomplete or (C) were not preceded or followed by any other notice specified herein, or (ii) the terms thereof, as understood by the recipient, varied from any subsequent related communications provided for herein. Each Borrower shall indemnify Lender from any loss, cost, expense or liability as a result of relying on any communications permitted herein.

Appears in 1 contract

Samples: Credit Agreement (Epicor Software Corp)

Reliance by Lender. Lender shall be entitled to rely and act on any communications purportedly given by or on behalf of any Borrower Party even if (i) such communications (A) were not made in a manner specified herein, (B) were incomplete or (C) were not preceded or followed by any other notice specified herein, or (ii) the terms thereof, as understood by the recipient, varied from any subsequent related communications provided for herein. Each Borrower Company shall indemnify Lender from any loss, cost, expense or liability as a result of relying on any communications permitted herein.

Appears in 1 contract

Samples: Credit Agreement (Insituform Technologies Inc)

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Reliance by Lender. Lender shall be entitled to rely and act on any communications purportedly given by or on behalf of a Borrower or any Borrower other Loan Party even if (i) such communications (A) were not made in a manner specified herein, (B) were incomplete or (C) were not preceded or followed by any other notice specified herein, or (ii) the terms thereof, as understood by the recipient, varied from any subsequent related communications provided for herein. Each Borrower Company shall, and shall cause the Parent to, indemnify Lender from any loss, cost, expense or liability as a result of relying on any communications permitted herein.

Appears in 1 contract

Samples: Credit Agreement (Sphere 3D Corp)

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