Representative of Borrowers. Each Borrowing Subsidiary hereby appoints the Company as its agent, attorney-in-fact and representative for the purpose of (i) making any borrowing requests or other requests required under this Agreement, (ii) the giving and receipt of notices by and to Borrowers under this Agreement, (iii) the delivery of all documents, reports, financial statements and written materials required to be delivered by Borrowers under this Agreement, and (iv) all other purposes incidental to any of the foregoing. Each Borrowing Subsidiary agrees that any action taken by the Company as the agent, attorney-in-fact and representative of such Borrowing Subsidiary shall be binding upon such Borrowing Subsidiary to the same extent as if directly taken by such Borrowing Subsidiary.
Appears in 2 contracts
Sources: Credit Agreement (Chrysler Group LLC), Credit Agreement (Chrysler Group LLC)