Common use of Assumption of Authority Clause in Contracts

Assumption of Authority. The Administrative Agent and the Lenders are entitled to assume, notwithstanding any investigation by or on behalf of the Administrative Agent or any Lender, the power and authority of the officers, directors, agents or other persons acting or purporting to act on behalf of the Debtor or the Guarantor, and any Obligations made or created in reliance upon the exercise of such power or authority will be guaranteed hereunder.