Common use of Designation of Agent Borrower Clause in Contracts

Designation of Agent Borrower. Each Borrower hereby designates the Lead Borrower as the agent of that Borrower to discharge the duties and responsibilities of the Lead Borrower as provided herein.

Appears in 6 contracts

Sources: Loan Agreement (Dynamics Research Corp), Loan and Security Agreement (Dynamics Research Corp), Loan Agreement (Dynamics Research Corp)