AMENDMENTS BINDING. Without prejudice to the other provisions of this Agreement each Borrower hereby confirms that if the Parent and the Finance Parties or any of them enter into any amendment or supplement to or restatement of this Agreement, the Parent's execution of any such amendment or supplement or restatement, whether or not expressly made or purportedly made on behalf of such Borrower, shall (to the extent legally possible) bind such Borrower without the need to obtain any confirmation or acknowledgement from such Borrower. For this purpose, each Borrower, for the benefit of the Finance Parties, irrevocably designates, appoints and empowers the Parent as its agent and attorney.
Appears in 2 contracts
Sources: Loan Agreement (Cordiant Communications Group PLC /Adr), Loan Agreement (Cordiant Communications Group PLC /Adr)
AMENDMENTS BINDING. Without prejudice to the other provisions of this Agreement each Borrower hereby confirms that if the Parent and the Bank Finance Parties or any of them enter into any amendment or supplement to or restatement of this Agreement, the Parent's Parenfs execution of any such amendment or supplement or restatement, whether Whether or not expressly made or purportedly made on behalf of such Borrower, shall (to the extent legally possible) bind such Borrower without the need to obtain any confirmation or acknowledgement from such Borrower. For this purpose, each Borrower, for the benefit of the Bank Finance Parties, irrevocably designates, appoints and empowers the Parent as its agent and attorney.
Appears in 1 contract
Sources: Restructuring Deed (Cordiant Communications Group PLC /Adr)