Caterpillar as Agent for the Borrowers Clause Samples
The 'Caterpillar as Agent for the Borrowers' clause designates Caterpillar as the authorized representative or agent acting on behalf of all borrowers under the agreement. In practice, this means Caterpillar is empowered to communicate with the lender, make decisions, and take actions that are binding on all borrowers, such as requesting disbursements or providing required documentation. This arrangement streamlines interactions between the lender and multiple borrowers, ensuring efficient administration and reducing the complexity of managing multiple parties.
Caterpillar as Agent for the Borrowers. CFSC, CIF and CFKK hereby appoint Caterpillar as their agent for purposes of giving notice to or otherwise advising the Agent or the Banks in such instances where this Agreement calls for notice or advice from the Borrowers rather than from a specific Borrower (Caterpillar, in such capacity, being referred to herein as the “Borrower Agent”). The Banks and the Agent may assume that any advice given to them by Caterpillar in respect of the Borrowers validly represents the collective decision of the Borrowers, and the Banks and the Agent may rely upon such advice in all instances. Each of CIF and CFKK hereby irrevocably waives, to the fullest possible extent, any defense of forum non conveniens.
Caterpillar as Agent for the Borrowers. CFSC and CFC hereby appoint Caterpillar as their agent for purposes of giving notice to or otherwise advising the Agent or the Banks in such instances where this Agreement calls for notice or advice from the Borrowers rather than from a specific Borrower (Caterpillar, in such capacity, being referred to herein as the “Borrower Agent”). CFC hereby irrevocably waives, to the fullest possible extent, any defense of forum non conveniens.
Caterpillar as Agent for the Borrowers. CFSC, CIF, CIF LUX and CFKK hereby appoint Caterpillar as their agent for purposes of giving notice to or otherwise advising the Agent or the Banks in such instances where this Agreement calls for notice or advice from the Borrowers rather than from a specific Borrower (Caterpillar, in such capacity, being referred to herein as the “Borrower Agent”). The Banks and the Agent may assume that any advice given to them by Caterpillar in respect of the Borrowers validly represents the collective decision of the Borrowers, and the Banks and the Agent may rely upon such advice in all instances. Each of CIF, CIF LUX and CFKK hereby irrevocably waives, to the fullest possible extent, any defense of forum non conveniens.
Caterpillar as Agent for the Borrowers. CFSC hereby appoints Caterpillar as its agent for purposes of giving notice to or otherwise advising the Agent or the Banks in such instances where this Agreement calls for notice or advice from the Borrowers rather than from a specific Borrower (Caterpillar, in such capacity, being referred to herein as the “Borrower Agent”). The Banks and the Agent may assume that any advice given to them by Caterpillar in respect of the Borrowers validly represents the collective decision of the Borrowers, and the Banks and the Agent may rely upon such advice in all instances.