Common use of Borrowing Agent Clause in Contracts

Borrowing Agent. Each Borrower hereby irrevocably designates and appoints Borrowing Agent, in such capacity, to be its attorney and agent-in-fact with respect to all matters under and pertaining to this Agreement, including without limitation, in connection with the loan and interest rate request and designation procedures set forth in this Agreement, and in connection with all procedures regarding the giving of notice to Borrowers, or any one or more of them set forth in this Agreement, and to borrow, request Revolving Loans, sign and endorse notes, and execute and deliver all instruments, documents, writings and further assurances now or hereafter required hereunder, on behalf of each such Borrower in connection with this Agreement or any Other Document, whether in respect of the requesting of Revolving Loans and/or Letters of Credit, in respect of the designation of Loans as Prime Rate Loans or LIBOR Rate Loans or the designation of Interest Periods for LIBOR Rate Loans or otherwise, and hereby authorizes Lender to pay over or credit all proceeds of any Loans hereunder in accordance with the requests and instructions of Borrowing Agent (including without limitation, instructions to pay such proceeds to Borrowing Agent or an account maintained and/or controlled by Borrowing Agent). The Lender may rely on all communications and instructions of any kind received from Borrowing Agent as though identical communications or instructions had been received from each and every Borrower.

Borrowing Agent. Each Borrower hereby irrevocably designates and appoints Borrowing Agent, in such capacity, to be its attorney and agent-in-fact with respect to all matters under and pertaining to this Agreement, including without limitation, in connection with the loan and interest rate request and designation procedures set forth in this Agreement, and in connection with all procedures regarding the giving of notice to Borrowers, or any one or more of them them, set forth in this Agreement, Agreement and to borrow, request Revolving Credit Loans, sign and endorse notes, and execute and deliver all instruments, documents, writings and further assurances assurance now or hereafter required hereunder, on behalf of each such Borrower in connection with this Agreement or any Other other Loan Document, whether in respect of the requesting of Revolving Credit Loans and/or Letters of Credit, in respect of the designation designations of Revolving Credit Loans as Prime Revolving Credit Base Rate Loans or LIBOR Rate Loans or the designation of LIBOR Interest Periods for LIBOR Rate Loans or otherwise, and hereby authorizes Lender Agent to pay over or and credit all proceeds of any Loans hereunder in accordance with the requests and instructions of Borrowing Agent (including without limitation, instructions to pay such proceeds to Borrowing Agent or an account maintained and/or controlled by Borrowing Agent). The Lender Agent and Lenders may rely on all communications and instructions of any kind received from Borrowing Agent as though identical communications or instructions had been received from each and every BorrowerLoan Party.