Common use of Instruments of Adhesion Clause in Contracts

Instruments of Adhesion. The Borrower shall execute and deliver to the Administrative Agent the “Specific Acknowledgement Regarding Security” contained in each Instrument of Adhesion within 15 Business Days of being requested to do so by the Administrative Agent; provided that, failure to so execute and deliver the “Specific Acknowledgement Regarding Security” contained in each such Instrument of Adhesion shall not affect the validity of such Instrument of Adhesion, and the Borrower shall, upon the execution and delivery of the Instrument of Adhesion by the applicable Permitted Hedge Counterparty, be deemed to have made the statements contained in the “Specific Acknowledgement Regarding Security”.

Appears in 1 contract

Sources: Third Amended and Restated Credit Agreement (Agnico Eagle Mines LTD)

Instruments of Adhesion. The Borrower shall execute and deliver to the Administrative Agent the "Specific Acknowledgement Regarding Security" contained in each Instrument of Adhesion within 15 Business Days of being requested to do so by the Administrative Agent; provided that, failure to so execute and deliver the "Specific Acknowledgement Regarding Security" contained in each such Instrument of Adhesion shall not affect the validity of such Instrument of Adhesion, and the Borrower shall, upon the execution and delivery of the Instrument of Adhesion by the applicable Permitted Hedge Counterparty, be deemed to have made the statements contained in the "Specific Acknowledgement Regarding Security".

Appears in 1 contract

Sources: Credit Agreement (Agnico Eagle Mines LTD)