Common use of Reliance by the Administrative Agent Clause in Contracts

Reliance by the Administrative Agent. The Administrative Agent shall be entitled to rely, and shall not incur any liability in relying, upon any certification, notice or other communication (including those by telephone, telex, telegram, telecopy or e-mail) believed by it to be genuine and correct and to have been signed, sent or made by the proper Person, and upon the advice and statements of Agent Professionals. The Administrative Agent shall have a reasonable and practicable amount of time to act upon any instruction, notice or other communication under any Loan Document, and shall not be liable for any such delay in acting.

Appears in 10 contracts

Samples: Credit Agreement (Tuesday Morning Corp/De), Loan Agreement (Tuesday Morning Corp/De), Possession Credit Agreement (Tuesday Morning Corp/De)

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Reliance by the Administrative Agent. The Administrative Agent shall be entitled to rely, and shall not incur any liability be fully protected in relying, upon any certificationnote, notice or other communication (including those by telephonewriting, telexresolution, notice, consent, certificate, affidavit, letter, cablegram, telegram, telecopy telecopy, telex or e-mail) teletype message, statement, order or other document or conversation believed by it to be genuine and correct and to have been signed, sent or made by the proper Person, and upon the advice and statements of Agent Professionals. The Administrative Agent shall have a reasonable and practicable amount of time to act upon any instruction, notice or other communication under any Loan Document, and shall not be liable for any such delay in acting.to

Appears in 2 contracts

Samples: Credit Agreement (Belk Inc), Credit Agreement (Performance Food Group Co)

Reliance by the Administrative Agent. The Administrative Agent shall be entitled to rely, and shall not incur any liability be fully protected in relying, upon any certification, notice or other communication (including those by telephone, telex, telegram, telecopy or e-mail) believed by it to be genuine and correct and to have been signed, sent or made by the proper Person, and upon the advice and statements of Agent Professionals. The Administrative Agent shall have a reasonable and practicable amount of time to act upon any instruction, notice or other communication under any Loan Document, and shall not be liable for any such delay in acting.

Appears in 1 contract

Samples: Term Loan Agreement (United Natural Foods Inc)

Reliance by the Administrative Agent. The Administrative Agent shall be entitled to rely, and shall not incur any liability be fully protected in relying, upon any certificationBridge Note, notice writing, resolution, notice, consent, certificate, affidavit, letter, telecopy, telex or teletype message, statement, order or other communication (including those by telephone, telex, telegram, telecopy document or e-mail) conversation believed by it to be genuine and correct and to have been signed, sent or made by the proper Person, and upon the advice and statements of Agent Professionals. The Administrative Agent shall have a reasonable and practicable amount of time to act upon any instruction, notice or other communication under any Loan Document, and shall not be liable for any such delay in acting.made

Appears in 1 contract

Samples: Bridge Loan Agreement (Pca International Inc)

Reliance by the Administrative Agent. The Administrative Agent shall be entitled to rely, and shall not incur any liability be fully protected in relying, upon any certificationnote, notice or other communication (including those by telephonewriting, telexresolution, notice, consent, certificate, affidavit, letter, cablegram, telegram, telecopy telecopy, telex or e-mail) believed by it to be genuine and correct and to have been signed, sent or made by the proper Person, and upon the advice and statements of Agent Professionals. The Administrative Agent shall have a reasonable and practicable amount of time to act upon any instruction, notice or other communication under any Loan Document, and shall not be liable for any such delay in acting.teletype

Appears in 1 contract

Samples: Five Year Credit Agreement (Jones Apparel Group Inc)

Reliance by the Administrative Agent. The Administrative Agent shall be entitled to rely, and shall not incur any liability in relying, upon any certification, notice or other communication (including those by telephone, telex, telegram, telecopy or e-mail) believed by it to be genuine and correct and to have been signed, sent or made by the proper Personperson, and upon the advice and statements of Agent Professionals. The Administrative Agent shall have a reasonable and practicable amount of time to act upon any instruction, notice or other communication under any Loan Document, and shall not be liable for any such delay in acting.

Appears in 1 contract

Samples: Intellectual Property Security Agreement (Ollie's Bargain Outlet Holdings, Inc.)

Reliance by the Administrative Agent. The Administrative Agent shall be entitled to rely, and shall not incur any liability be fully protected in relying, upon any certificationnote, notice or other communication (including those by telephonewriting, telexresolution, notice, consent, certificate, affidavit, letter, cablegram, telegram, telecopy or e-mail) believed by it to be genuine and correct and to have been signedtelecopy, sent or made by the proper Person, and upon the advice and statements of Agent Professionals. The Administrative Agent shall have a reasonable and practicable amount of time to act upon any instruction, notice or other communication under any Loan Document, and shall not be liable for any such delay in acting.telex or

Appears in 1 contract

Samples: Credit Agreement (Knology Inc)

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Reliance by the Administrative Agent. The Administrative Agent shall be entitled to rely, and shall not incur any liability in relying, upon any certification, notice or other communication Communication (including those by telephone, telex, telegram, telecopy or e-mail) believed by it to be genuine and correct and to have been signed, sent or made by the proper Person, and upon the advice and statements of Agent Professionals. The Administrative Agent shall have a reasonable and practicable amount of time to act upon any instruction, notice instruction or other communication Communication under any Loan Document, and shall not be liable for any such delay in acting.

Appears in 1 contract

Samples: Credit Agreement (Generac Holdings Inc.)

Reliance by the Administrative Agent. The Administrative Agent shall be entitled to rely, and shall not incur be fully protected (and shall have no liability to any liability Person) in relying, upon any certificationwriting, notice resolution, notice, consent, certificate, affidavit, letter, telecopy, telex or teletype message, statement, order or other communication (including those by telephone, telex, telegram, telecopy document or e-mail) conversation believed by it to be genuine and correct and to have been signed, sent or made by the proper Person, Person or Persons and upon the advice and statements of Agent Professionals. The Administrative Agent shall have a reasonable legal counsel (including counsel to the Borrower), independent accountants and practicable amount of time to act upon any instruction, notice or other communication under any Loan Document, and shall not be liable for any such delay in acting.experts selected by the

Appears in 1 contract

Samples: Investment Agreement (Nci Building Systems Inc)

Reliance by the Administrative Agent. The Administrative Agent shall be entitled to relyrely upon, and shall not incur be fully protected in relying upon, any liability in relyingnote, upon any certificationwriting, notice or other communication (including those by telephoneresolution, telexnotice, telegramconsent, telecopy or e-mail) believed by it to be genuine and correct and to have been signedcertificate, sent or made by the proper Personaffidavit, and upon the advice and statements of Agent Professionals. The Administrative Agent shall have a reasonable and practicable amount of time to act upon any instruction, notice or other communication under any Loan Document, and shall not be liable for any such delay in acting.letter,

Appears in 1 contract

Samples: Credit Agreement (Inergy L P)

Reliance by the Administrative Agent. The Administrative Agent shall be entitled to rely, and shall not incur any liability in relying, upon any certification, notice or other communication (including those by telephone, telex, telegram, telecopy or e-mail) believed by it to be genuine and correct and to have been signed, sent or made by the proper Person, and upon the advice and statements of Agent Professionals. The Administrative Agent shall have a reasonable and practicable amount of time to act upon any instruction, notice or other communication under any Loan Document, and shall not be liable for any such delay in acting.. 195

Appears in 1 contract

Samples: Credit Agreement (Tuesday Morning Corp/De)

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