Agent’s actions. Any action taken by the Agent under or in relation to this Agreement with requisite authority, or on the basis of appropriate instructions, received from the Majority Banks (or as otherwise duly authorised) shall be binding on all the Banks and the Working Capital Bank.
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Sources: Loan Agreement (Global Telesystems Inc), Loan Agreement (Global Telesystems Europe B V)
Agent’s actions. Any action taken by the Agent under or in relation to this Agreement and/or the Intercreditor Agreement with requisite authority, or on the basis of appropriate instructions, received from the Majority Banks (or as otherwise duly authorised) shall be binding on all the Banks and the Working Capital BankBanks.
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