Common use of Reliance on Notices Clause in Contracts

Reliance on Notices. Lender shall be entitled to rely upon, and shall be fully protected in relying upon, any Notice of Revolving Credit Advance, Notice of Conversion/Continuation or similar notice believed by Lender to be genuine. Lender may assume that each Person executing and delivering such a notice was duly authorized, unless the responsible individual acting thereon for Lender has actual knowledge to the contrary.

Appears in 2 contracts

Samples: Credit Agreement (Newtek Business Services Inc), Credit Agreement (Key Tronic Corp)

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Reliance on Notices. Lender shall be entitled to rely upon, and shall be fully protected in relying upon, any Notice of Revolving Credit Advance, Notice of Conversion/Continuation Letter of Credit Request, Liquidation Loan Proposal or similar notice believed by Lender to be genuinesigned by any Authorized Person of a Borrower. Lender may assume that each Person executing and delivering such a notice was duly authorized, unless the responsible individual acting thereon for Lender has actual knowledge to the contrary.

Appears in 2 contracts

Samples: Credit Agreement (Great American Group, Inc.), Credit Agreement (Great American Group, Inc.)

Reliance on Notices. Lender shall be entitled to rely upon, and shall be fully protected in relying upon, any Notice of Revolving Credit Advance, Notice of Conversion/Continuation Letter of Credit Request, Liquidation Loan Proposal or similar notice believed by Lender to be genuinesigned by any Authorized Person of Borrower. Lender may assume that each Person executing and delivering such a notice was duly authorized, unless the responsible individual acting thereon for Lender has actual knowledge to the contrary.

Appears in 1 contract

Samples: Credit Agreement (Great American Group, Inc.)

Reliance on Notices. Lender shall be entitled to rely upon, and shall be fully protected in relying upon, any Notice of Revolving Credit Advance, Notice of Conversion/Continuation Advance or similar notice believed by Lender to be genuine. Lender may assume that each Person executing and delivering such a any notice in accordance herewith was duly authorized, unless the responsible individual acting thereon for Lender has actual knowledge to the contrary.

Appears in 1 contract

Samples: Credit Agreement (Astec Industries Inc)

Reliance on Notices. Lender shall be entitled to rely upon, and shall be fully protected in relying upon, any Notice of Revolving Credit Advance, Notice of Conversion/Continuation Advance or similar notice believed by Lender to be genuine. Lender may assume that each Person executing and delivering such a notice was duly authorized, unless the responsible individual acting thereon for Lender has actual knowledge to the contrary.. 1.2

Appears in 1 contract

Samples: Credit Agreement (Consolidated Freightways Corp)

Reliance on Notices. Lender shall be entitled to rely upon, and shall be fully protected in relying upon, any Notice of Revolving Credit Advance, Notice of Conversion/Continuation or similar notice believed by Lender to be genuine. Lender may assume that each Person executing and delivering such a notice was duly authorized, unless the responsible individual acting thereon for Lender has actual knowledge to the contrary.

Appears in 1 contract

Samples: Loan Agreement (Winston Hotels Inc)

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Reliance on Notices. Lender shall be entitled to rely upon, and shall be fully protected in relying upon, any Notice of Revolving Credit Advance, Notice of Conversion/Continuation Disbursement Request or similar notice believed by Lender to be genuine, absent manifest error. Lender may assume that each Person executing and delivering such a any notice in accordance herewith was duly authorized, unless the responsible individual acting thereon for Lender has actual knowledge to the contrary.

Appears in 1 contract

Samples: Credit and Security Agreement (Apex Silver Mines LTD)

Reliance on Notices. Lender shall be entitled to rely ------------------- upon, and shall be fully protected in relying upon, any Notice of Revolving Credit Advance, Notice of Conversion/Conversion/ Continuation or similar notice believed by Lender to be genuine. Lender may assume that each Person executing and delivering any such a notice was duly authorized, unless the responsible individual acting thereon for Lender has actual knowledge to the contrary.

Appears in 1 contract

Samples: Credit Agreement (Peets Coffee & Tea Inc)

Reliance on Notices. Lender shall be entitled to rely upon, and shall be fully protected in relying upon, any Notice of Revolving Credit Advance, Notice of Conversion/Continuation Advance or similar notice believed by Lender to be genuine. Lender may assume that each Person executing and delivering such a notice was duly authorized, unless the responsible individual acting thereon for Lender has actual knowledge to the contrary.

Appears in 1 contract

Samples: Credit Agreement (Sweetheart Holdings Inc \De\)

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