Common use of Authorization of Agents Clause in Contracts

Authorization of Agents. Credit Agreement Agent represents and warrants to Collateral Agent that Credit Agreement Agent is authorized pursuant to the terms and conditions of the Credit Agreement to enter into this Agreement on behalf of the Credit Agreement Banks. Loan Agreement Agent represents and warrants to Collateral Agent that Loan Agreement Agent is authorized pursuant to the terms and conditions of the Loan Agreement to enter into this Agreement on behalf of the Loan Agreement Banks.

Appears in 2 contracts

Sources: Credit Agreement (Oglebay Norton Co /New/), Loan Agreement (Oglebay Norton Co /New/)