Common use of Responsibility of the Agent Clause in Contracts

Responsibility of the Agent. The duties and obligations of --------------------------- the Agent under this Agreement are only those expressly set forth in this Agreement. The Agent shall be entitled to assume that no Default or Event of Default has occurred and is continuing unless it has actual knowledge, or has been notified by the Borrower, of such fact, or has been notified by a Lender that such Lender considers that a Default or an Event of Default has occurred and is continuing, and such Lender shall specify in detail the nature thereof in writing. The Agent shall provide each Lender with copies of such documents received from the Borrower as such Lender may reasonably request.

Appears in 1 contract

Samples: Zenith Electronics Corp

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Responsibility of the Agent. The duties and obligations of --------------------------- the Agent under this Agreement are only those expressly set forth in this Agreement. The Agent shall be entitled to assume that no Default or Event of Default has occurred and is continuing unless it has actual knowledge, or has been notified by the Borrower, of such fact, or has been notified by a Lender that such Lender considers that a Default or an Event of Default has occurred and is continuing, and such Lender shall specify in detail the nature thereof in writing. The Agent shall provide each Lender with copies of such documents received by the Agent from the Borrower as such Lender may reasonably request.

Appears in 1 contract

Samples: Credit Agreement (El Pollo Loco, Inc.)

Responsibility of the Agent. The duties and obligations of --------------------------- the Agent under this Agreement are only those expressly set forth in this Agreement. The Agent shall be entitled to assume that no Default or Event of Default has occurred and is continuing unless it has actual knowledge, or has been notified by the Borrower, of such fact, or has been notified by a Lender that such Lender considers that a Default or an Event of Default has occurred and is continuing, and such Lender shall specify in detail the nature thereof in writing. The Agent shall provide each Lender with copies of such documents received from the Borrower as such Lender may reasonably request.

Appears in 1 contract

Samples: Credit Agreement (Zenith Electronics Corp)

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Responsibility of the Agent. The duties and obligations of --------------------------- the Agent under this Agreement are only those expressly set forth in this Agreement. The Agent shall be entitled to assume that no Default or Event of Default has occurred and is continuing unless it has actual knowledge, or has been notified by the Borrower, of such fact, or has been notified by a Lender that such Lender considers that a Default or an Event of Default has occurred and is continuing, and such Lender shall specify in detail the nature thereof in writing. The Agent shall provide each Lender with copies of such documents received from the Borrower as such Lender may reasonably request.. ARTICLE 8Section .7

Appears in 1 contract

Samples: Credit Agreement (Zenith Electronics Corp)

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