Reliance on Oral Instructions Sample Clauses

Reliance on Oral Instructions. The Agent and each Lender shall each be entitled to act upon the oral instructions of any Person who the Agent or the applicable Lender, acting reasonably, believes is a Person authorized by the relevant Borrower to act on such Borrower's behalf. The Agent and any applicable Lender shall not be responsible for any error or omission in those instructions or in the performance thereof except in the case of gross negligence or wilful misconduct by the Agent, any applicable Lender or their respective agents. Any instructions so given shall be confirmed in writing by the relevant Borrower to the Agent or the applicable Lender on the same day. The relevant Borrower shall indemnify the Agent and any applicable Lender for any loss or expense suffered or incurred by the Agent or any applicable Lender as a consequence of the Agent or the applicable Lender acting upon instructions given or agreements made over the telephone or by electronic transmission of any type with Persons reasonably believed by Agent or any applicable Lender to have been acting on such Borrower's behalf, except to the extent resulting from the gross negligence or wilful misconduct of the Agent or any applicable Lender or their respective agents.
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Reliance on Oral Instructions. The Lenders and the Agents shall be entitled to act upon the oral instructions of any Person whom the Lenders or the Agents believe is a Person a Borrower has identified as being a Person authorized to give instructions regarding matters contemplated by this Agreement, including, without limiting the generality of the foregoing, the Credit Facilities. None of the Lenders nor any of the Agents shall be responsible for any error or omission relating to such instructions. Oral instructions shall, at the request of an Agent or a Lender, be confirmed immediately in writing by the Borrowers. A Borrower may revoke the authority of any authorized Person by notifying the Administrative Agent in writing, which notice shall be effective on the Business Day immediately following the date of its actual receipt by the Administrative Agent.
Reliance on Oral Instructions. The Administrative Agent and each Lender shall be entitled to act upon the oral instructions of any Person which the Administrative Agent or such Lender believes is a Person the Borrower has identified in writing from time to time to the Administrative Agent or such Lender as being a Person authorized by the Borrower to give instructions regarding the drawdown or conversion of Borrowings and neither the Administrative Agent nor any Lender shall be responsible for any error or omission in such instructions or in the performance thereof except in the case of gross negligence or wilful misconduct by the Administrative Agent or that Lender or their respective employees, representatives or agents. Any such oral instructions so given shall be promptly confirmed in writing by the Borrower to the Administrative Agent or Lender. The Borrower may revoke the authority of such Persons so authorized by notifying the Administrative Agent and the Lenders, in writing, which notice shall be effective on the Business Day immediately following the date of its actual receipt by the Administrative Agent and the Lenders. Any instructions given to any Administrative Agent or any Lender before the day such notice becomes effective shall remain effective for the purpose of this Agreement.
Reliance on Oral Instructions. The Lender shall be entitled to act upon the oral and written instructions of any Person whom the Borrower designates as a Person authorized by the Borrower to give instructions regarding matters contemplated by this Agreement. The Lender shall not be responsible for any error or omission relating to such instructions. Oral instructions shall, at the request of the Lender, be immediately confirmed in writing by the Borrower. The Borrower may revoke the authority of any authorized Person by notifying the Lender in writing, which notice shall be effective on the second Business Day immediately following the date of its actual receipt by the Lender.
Reliance on Oral Instructions. The Lender shall be entitled to act upon the oral instructions of any Person who the Lender, acting reasonably, believes has been identified by the Borrower in written instructions to the Lender as someone authorized to give oral instructions regarding the drawdown or issuance of Borrowings, and the Lender shall not be responsible for any error or omission in such instructions or in the performance thereof except in the case of negligence or wilful misconduct by the Lender or its employees. Any such oral instructions so given shall be immediately confirmed in writing by the Borrower to the Lender.
Reliance on Oral Instructions. The Administrative Agent and any Credit Facility Lender shall be entitled to act upon the oral instructions of any Person who the Administrative Agent or the Credit Facility Lender, acting reasonably, believes is a Person authorized by a Borrower to act on such Borrower’s behalf. Neither the Administrative Agent nor the Credit Facility Lender shall be responsible for any error or omission in those instructions or in the performance thereof except in the case of gross negligence or wilful misconduct by the Administrative Agent, the Credit Facility Lender or their respective employees. Any instructions so given shall be confirmed in writing by the applicable Borrower to the Administrative Agent or the Credit Facility Lender, as applicable, on the same day. The applicable Borrower shall indemnify the Administrative Agent and each Credit Facility Lender for any loss or expense suffered or incurred by the Administrative Agent or the Credit Facility Lender as a consequence of the Administrative Agent or the Credit Facility Lender acting upon instructions given or agreements made over the telephone or by electronic transmission of any type with Persons reasonably believed by the Administrative Agent or the Credit Facility Lender to have been acting on such Borrower’s behalf.
Reliance on Oral Instructions. The Lender shall be entitled to act upon the oral instructions of any Person who the Lender, acting reasonably, believes is a Person authorized by the Borrower to act on the Borrower’s behalf. The Lender shall not be responsible for any error or omission in those instructions or in the performance thereof except in the case of gross negligence or wilful misconduct by the Lender or its employees. Any instructions so given shall be confirmed in writing by the Borrower to the Lender on the same day. The Borrower shall indemnify the Lender for any loss or expense suffered or incurred by the Lender as a consequence of the Lender acting upon instructions given or agreements made over the telephone or by electronic transmission of any type with Persons reasonably believed by the Lender to have been acting on the Borrower’s behalf.
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Reliance on Oral Instructions. The Administrative Agent and any Lender shall be entitled to act upon the oral instructions of any Person who the Administrative Agent or the Lender, acting reasonably, believes is a Person authorized by the Borrower to act on the Borrower's behalf. Neither the Administrative Agent nor the Lender shall be responsible for any error or omission in those instructions or in the performance thereof except in the case of gross negligence or wilful misconduct by the Administrative Agent, the Lender or their respective employees. Any instructions so given shall be confirmed in writing by the Borrower to the Administrative Agent or the Lender, as applicable, on the same day. The Borrower shall indemnify the Administrative Agent and each Lender for any loss or expense suffered or incurred by the Administrative Agent or the Lender as a consequence of the Administrative Agent or the Lender acting upon instructions given or agreements made over the telephone or by electronic transmission of any type with Persons reasonably believed by the Administrative Agent or the Lender to have been acting on the Borrower's behalf.
Reliance on Oral Instructions. Any Lender shall be entitled to act upon the oral instructions of any Person who the Lender, acting reasonably, believes is a Person authorized by the Borrower to act on the Borrower’s behalf. No Lender shall be responsible for any error or omission in those instructions or in the performance thereof except in the case of gross negligence or wilful misconduct by the Lenders or their respective employees. Any instructions so given shall be confirmed in writing by the Borrower to the Lenders (with copies to the Administrative Agent), on the same day. The Borrower shall indemnify the Administrative Agent and each Lender for any loss or expense suffered or incurred by the Administrative Agent or the Lender as a consequence of the Lenders acting upon instructions given or agreements made over the telephone or by electronic transmission of any type with Persons reasonably believed by the Lender to have been acting on the Borrower’s behalf. Notwithstanding anything in this Agreement to the contrary, each of the Credit Parties and the Lenders acknowledge and agree that all instructions provided to the Administrative Agent in accordance with the terms of this Agreement shall be in writing.
Reliance on Oral Instructions. Each Lender shall be entitled to act upon the oral instructions of any Person who such Lender believes is a person the Borrower has identified in writing from time to time to such Lender as being a Person authorized by the Borrower to give instructions regarding the completion and issuance of Letters of Credit, Bankers' Acceptances or FEF Contracts or credit cards and the drawdown or conversion of Borrowings and no Lender shall be responsible for any error or omission in such instructions or in the performance thereof except in the case of gross negligence or wilful misconduct by that Lender or its employees. Any such oral instructions so given shall be immediately confirmed in writing by the Borrower to the applicable Lender. The Borrower may revoke the authority of such Persons so authorized by notifying the relevant Lender, in writing, which notice shall be effective on the Business Day immediately following the date of its actual receipt by such Lender. Any instructions given to any Lender before the day such notice becomes effective shall remain effective for the purpose of this Agreement.
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