Common use of Reliance upon Authority Clause in Contracts

Reliance upon Authority. Prior to the Closing Date, the Borrowers shall deliver to the Agent, a notice setting forth the account of the Borrowers (“Designated Account”) to which the Agent is authorized to transfer the proceeds of the Revolving Loans requested hereunder. The Borrowers may designate a replacement account from time to time by written notice. All such Designated Accounts must be reasonably satisfactory to the Agent. The Agent is entitled to rely conclusively on any person’s request for Revolving Loans on behalf of the Borrowers, so long as the proceeds thereof are to be transferred to the Designated Account. The Agent has no duty to verify the identity of any individual representing himself or herself as a person authorized by the Borrowers to make such requests on its behalf.

Appears in 6 contracts

Samples: Credit Agreement (Westlake Chemical Corp), Credit Agreement (Unifi Inc), Credit Agreement (Westlake Chemical Corp)

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Reliance upon Authority. Prior to the Closing Date, the Borrowers Borrower shall deliver to the Agent, a notice setting forth the account of the Borrowers Borrower (“Designated Account”) to which the Agent is authorized to transfer the proceeds of the Revolving Loans requested hereunder. The Borrowers Borrower may designate a replacement account from time to time by written notice. All such Designated Accounts must be reasonably satisfactory to the Agent. The Agent is entitled to rely conclusively on any person’s request for Revolving Loans on behalf of the BorrowersBorrower, so long as the proceeds thereof are to be transferred to the Designated Account. The Agent has no duty to verify the identity of any individual representing himself or herself as a person authorized by the Borrowers Borrower to make such requests on its behalf.

Appears in 6 contracts

Samples: Credit Agreement (Omnova Solutions Inc), Credit Agreement (Omnova Solutions Inc), Credit Agreement (Advanced Micro Devices Inc)

Reliance upon Authority. Prior to the Closing Date, the Borrowers Borrowers’ Agent shall deliver to the Agent, Agent a notice setting forth the account of the Borrowers Borrowers’ Agent (the “Designated Account”) to which the Agent is authorized to transfer the proceeds of the Revolving Loans requested hereunder. The Borrowers Borrowers’ Agent may designate a replacement account from time to time by written noticenotice to the Agent. All such Designated Accounts must be reasonably satisfactory to the Agent. The Agent is entitled to rely conclusively on any person’s request for Revolving Loans on behalf of the Borrowersa Borrower, so long as the proceeds thereof are to be transferred to the Designated Account. The Agent has no duty to verify the identity of any individual representing himself or herself as a person authorized by the Borrowers a Borrower to make such requests on its behalf.

Appears in 3 contracts

Samples: Credit and Security Agreement (PSS World Medical Inc), Credit Agreement (PSS World Medical Inc), Credit Agreement (PSS World Medical Inc)

Reliance upon Authority. Prior to the Closing Date, the ----------------------- Borrowers shall deliver to the Agent, Agent a notice setting forth the account of the such Borrowers (the "Designated Account") to which the Agent is authorized to transfer the proceeds of the Revolving Loans requested hereunderhereunder by Borrowers. The Borrowers may designate a replacement account from time to time by written notice. All such Such Designated Accounts must be reasonably satisfactory to the Agent. The Agent is entitled to rely conclusively on any person’s 's request for Revolving Loans on behalf of the Borrowersany Borrower, so long as the proceeds thereof are to be transferred to the applicable Designated Account. The Agent has no duty to verify the identity of any individual representing himself or herself as a person authorized by the Borrowers to make such requests on its behalf.

Appears in 2 contracts

Samples: Credit Agreement (Mail Well Inc), Credit Agreement (Mail Well Inc)

Reliance upon Authority. Prior to the Closing Date, the Borrowers Borrower shall deliver to the Agent, a notice setting forth the account of the Borrowers Borrower ("Designated Account") to which the Agent is authorized to transfer the proceeds of the Revolving Loans requested hereunder. The Borrowers Borrower may designate a replacement account from time to time by written notice. All such Designated Accounts must be reasonably satisfactory to the Agent. The Agent is entitled to rely conclusively on any person’s 's request for Revolving Loans on behalf of the BorrowersBorrower, so long as the proceeds thereof are to be transferred to the Designated Account. The Agent has no duty to verify the identity of any individual representing himself or herself as a person authorized by the Borrowers Borrower to make such requests on its behalf.

Appears in 2 contracts

Samples: Credit Agreement (Anchor Holdings Inc), Credit Agreement (Gfsi Inc)

Reliance upon Authority. Prior to the Closing Date, the Borrowers shall deliver to the Agent, Agent a notice setting forth the account of the Borrowers (“Designated Account”) to which the Agent is authorized to transfer the proceeds of the Revolving Loans requested hereunder. The Borrowers may designate a replacement account from time to time by written noticenotice to the Agent. All such Designated Accounts must be reasonably satisfactory to the Agent. The Agent is entitled to rely conclusively on any person’s request for Revolving Loans on behalf of the Borrowersa Borrower, so long as the proceeds thereof are to be transferred to the Designated Account. The Agent has no duty to verify the identity of any individual representing himself or herself as a person authorized by the Borrowers a Borrower to make such requests on its behalf.

Appears in 2 contracts

Samples: Credit Agreement (Caraustar Industries Inc), Credit Agreement (Caraustar Industries Inc)

Reliance upon Authority. Prior to the Closing Date, the Borrowers Borrower shall deliver to the Agent, Agent a notice setting forth the an account of the Borrowers ("Designated Account") to which the Agent is authorized by the Borrower to transfer the proceeds of the Revolving Loans requested hereunder. The Borrowers Borrower may designate a replacement account from time to time by written notice. All such Designated Accounts must be reasonably satisfactory to the Agent. The Agent is entitled to rely conclusively on any person’s individual's request for Revolving Loans on behalf of the BorrowersBorrower, so long as the proceeds thereof are to be transferred to the a Designated Account. The Agent has no duty to verify the identity of any individual representing himself or herself as a person authorized by the Borrowers Borrower to make such requests on its behalf.

Appears in 2 contracts

Samples: Credit Agreement (Applica Inc), Credit Agreement (Applica Inc)

Reliance upon Authority. Prior to the Closing Effective Date, the Borrowers each Borrower shall deliver to the Agent, a notice setting forth the account of the Borrowers such Borrower (“Designated Account”) to which the Agent is authorized to transfer the proceeds of the Revolving Loans requested hereunder. The Borrowers Any Borrower may designate a replacement account from time to time by written noticenotice from a Responsible Officer. All such Designated Accounts must be reasonably satisfactory to the Agent. The Agent is entitled to rely conclusively on any person’s request for Revolving Loans on behalf of the Borrowerssuch Borrower, so long as the proceeds thereof are to be transferred to the Designated Account. The Agent has no duty to verify the identity of any individual representing himself or herself as a person authorized by the Borrowers such Borrower to make such requests on its behalf.

Appears in 2 contracts

Samples: Credit Agreement (Anntaylor Stores Corp), Credit Agreement (Ann Inc.)

Reliance upon Authority. Prior to the Closing Date, the Borrowers shall deliver to the Agent, a notice setting forth the account of the Borrowers ("Designated Account") to which the Agent is authorized to transfer the proceeds of the Revolving Loans requested hereunder. The Borrowers may designate a replacement account from time to time by written notice. All such Designated Accounts must be reasonably satisfactory to the Agent. The Agent is entitled to rely conclusively on any person’s 's request for Revolving Loans on behalf of the Borrowers, so long as the proceeds thereof are to be transferred to the Designated Account. The Agent has no duty to verify the identity of any individual representing himself or herself as a person authorized by the Borrowers to make such requests on its behalf.

Appears in 1 contract

Samples: Credit Agreement (Unifi Inc)

Reliance upon Authority. Prior On or prior to the Closing Date, the Borrowers Borrower shall deliver to the Agent, Agent a notice setting forth the account of the Borrowers Borrower (the “Designated Account”) to which the Agent is authorized to transfer the proceeds of the Revolving Loans requested hereunder. The Borrowers Borrower may designate a replacement account from time to time by written noticenotice to the Agent. All such Designated Accounts must be reasonably satisfactory to the Agent. The Agent is entitled to rely conclusively on any person’s request for Revolving Loans on behalf of the BorrowersBorrower, so long as the proceeds thereof are to be transferred to the Designated Account. The Agent has no duty to verify the identity of any individual representing himself or herself as a person authorized by the Borrowers Borrower to make such requests on its behalf.

Appears in 1 contract

Samples: Credit Agreement (Alon USA Energy, Inc.)

Reliance upon Authority. Prior to the Closing initial Funding Date, the Borrowers Borrower shall deliver to the Agent, a notice setting forth the account of the Borrowers Borrower (“Designated Account”) to which the Agent is authorized to transfer the proceeds of the Revolving Loans requested hereunder. The Borrowers Borrower may designate a replacement account from time to time by written notice. All such Designated Accounts must be reasonably satisfactory to the Agent. The Agent is entitled to rely conclusively on any person’s request for Revolving Loans on behalf of the BorrowersBorrower, so long as the proceeds thereof are to be transferred to the Designated Account. The Agent has no duty to verify the identity of any individual representing himself or herself as a person authorized by the Borrowers Borrower to make such requests on its behalf.

Appears in 1 contract

Samples: Credit Agreement (Leapfrog Enterprises Inc)

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Reliance upon Authority. Prior to the Closing Date, the Borrowers shall deliver to the Agent, Agent a notice setting forth the an account of the Borrowers (“Designated Account”) to which the Agent is authorized by the Borrowers to transfer the proceeds of the Revolving Loans requested hereunder. The Borrowers may designate a replacement account Designated Account from time to time by written noticenotice to Agent. All such Designated Accounts must be reasonably satisfactory to the Agent. The Agent is entitled to rely conclusively on any personindividual’s request for Revolving Loans on behalf of the Borrowers, so long as the proceeds thereof are to be transferred to the a Designated Account. The Agent has no duty to verify the identity of any individual representing himself or herself as a person authorized by the Borrowers to make such requests on its their behalf.

Appears in 1 contract

Samples: Credit Agreement (Salton Inc)

Reliance upon Authority. Prior to the Closing Date, the Borrowers Borrower shall deliver to the Agent, Agent a notice setting forth the an account of the Borrowers (“Designated Account”) to which the Agent is authorized by the Borrower to transfer the proceeds of the Revolving Loans requested hereunder. The Borrowers Borrower may designate a replacement account from time to time by written notice. All such Designated Accounts must be reasonably satisfactory to the Agent. The Agent is entitled to rely conclusively on any personindividual’s request for Revolving Loans on behalf of the BorrowersBorrower, so long as the proceeds thereof are to be transferred to the a Designated Account. The Agent has no duty to verify the identity of any individual representing himself or herself as a person authorized by the Borrowers Borrower to make such requests on its behalf.

Appears in 1 contract

Samples: Credit Agreement (Applica Inc)

Reliance upon Authority. Prior to the Closing Date, the Borrowers shall deliver to the Agent, a notice setting forth the account of the Borrowers (“Designated Account”"DESIGNATED ACCOUNT") to which the Agent is authorized to transfer the proceeds of the Revolving Loans requested hereunder. The Borrowers may designate a replacement account from time to time by written notice. All such Designated Accounts must be reasonably satisfactory to the Agent. The Agent is entitled to rely conclusively on any person’s 's request for Revolving Loans on behalf of the Borrowers, so long as the proceeds thereof are to be transferred to the Designated Account. The Agent has no duty to verify the identity of any individual representing himself or herself as a person authorized by the Borrowers to make such requests on its behalf.

Appears in 1 contract

Samples: Credit Agreement (North American Pipe Corp)

Reliance upon Authority. Prior to the Closing Effective Date, the Borrowers each Borrower shall deliver to the Agent, a notice setting forth the account of the Borrowers such Borrower ("Designated Account") to which the Agent is authorized to transfer the proceeds of the Revolving Loans requested hereunder. The Borrowers Any Borrower may designate a replacement account from time to time by written noticenotice from a Responsible Officer. All such Designated Accounts must be reasonably satisfactory to the Agent. The Agent is entitled to rely conclusively on any person’s 's request for Revolving Loans on behalf of the Borrowerssuch Borrower, so long as the proceeds thereof are to be transferred to the Designated Account. The Agent has no duty to verify the identity of any individual representing himself or herself as a person authorized by the Borrowers such Borrower to make such requests on its behalf.

Appears in 1 contract

Samples: Credit Agreement (Taylor Ann Stores Corp)

Reliance upon Authority. Prior to the Closing Date, the Borrowers Borrower shall deliver to the Agent, a notice setting forth the account of the Borrowers Borrower ("Designated Account") to which the Agent is authorized to transfer the proceeds of the Revolving Loans requested hereunder. The Borrowers Borrower may designate a replacement account from time to time by written notice. All such Designated Accounts must be reasonably satisfactory to the Agent. The Agent is entitled to rely conclusively on any person’s 's request for Revolving Loans on behalf of the BorrowersBorrower, so long as the proceeds thereof are to be transferred to the Designated Account. The Agent has no duty to verify the identity of any individual representing himself or herself as a person authorized by the Borrowers Borrower to make such requests on its behalf; provided, however, Agent shall not rely on any designation of a replacement account unless such designation is in writing and executed by an officer of the Borrower.

Appears in 1 contract

Samples: Credit Agreement (Weston Roy F Inc)

Reliance upon Authority. Prior to the Closing Date, the Borrowers Borrower shall deliver to the Agent, Agent a notice setting forth the account of the Borrowers Borrower (the “Designated Account”) to which the Agent is authorized to transfer the proceeds of the Revolving Loans requested hereunder. The Borrowers Borrower may designate a replacement account from time to time by written notice. All such Designated Accounts must be reasonably satisfactory to the Agent. The Agent is entitled to rely conclusively on any person’s request for Revolving Loans on behalf of the BorrowersBorrower, so long as the proceeds thereof are to be transferred to the Designated Account. The Agent has no duty to verify the identity of any individual representing himself or herself as a person authorized by the Borrowers Borrower to make such requests on its behalf.

Appears in 1 contract

Samples: Credit Agreement (Alon USA Energy, Inc.)

Reliance upon Authority. Prior to the Closing Date, the Borrowers shall deliver to the Agent, Agent a notice setting forth the account of the Borrowers ("Designated Account") to which the Agent is authorized to transfer the proceeds of the Revolving Loans requested hereunder. The Borrowers may designate a replacement account from time to time by written notice. All such Designated Accounts must be reasonably satisfactory to the Agent. The Agent is entitled to rely conclusively on any person’s 's request for Revolving Loans on behalf of the Borrowers, so long as the proceeds thereof are to be transferred to the Designated AccountAccount and so long as such person purports to be an officer of one of the Borrowers. The Agent has no duty to verify the identity of any individual representing himself or herself as a person authorized by the Borrowers to make such requests on its behalf.

Appears in 1 contract

Samples: Credit Agreement (Unova Inc)

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