Borrower's Authorization. It is not necessary for Purchasers to inquire into the powers of Borrower or of the officers, directors or agents acting or purporting to act on its behalf, and any Indebtedness made or created in reliance upon the professed exercise of such powers shall be guaranteed hereunder.
Appears in 4 contracts
Sources: Securities Purchase Agreement (Eyes on the Go, Inc.), Individual Guarantee (Adrenalina), Individual Guaranty (Silverstar Holdings LTD)
Borrower's Authorization. It is not necessary for Purchasers Lenders to inquire into the powers of Borrower or of the officers, directors directors, or agents acting or purporting to act on its behalf, and any Indebtedness made or created in reliance upon the professed exercise of such powers shall be guaranteed hereunder, subject to any limitations on each Guarantor's liability set forth herein.
Appears in 2 contracts
Borrower's Authorization. It is not necessary for Purchasers Lender to inquire into the powers of Borrower Borrowers or of the officers, directors directors, partners, members, managers, or agents acting or purporting to act on its behalf, and any Indebtedness made or created in reliance upon the professed exercise of such powers shall be guaranteed hereunder, subject to any limitations on Guarantor's liability set forth herein.
Appears in 1 contract
Borrower's Authorization. It is not necessary for Purchasers Lender to inquire into the powers of Borrower or of the officers, directors directors, partners, members, managers, or agents acting or purporting to act on its behalf, and any Indebtedness made or created in reliance upon the professed exercise of such powers shall be guaranteed hereunder, subject to any limitations on Guarantor’s liability set forth herein.
Appears in 1 contract