Common use of Administration Agent as Lender Clause in Contracts

Administration Agent as Lender. With respect to its Commitment and the Accommodations made by it, the Administration Agent which is also a Lender shall have the same rights and powers under this Agreement as any other Lender hereunder and may exercise the same as though it were not the Administration Agent; and the term “Lender” or “Lenders” shall, unless otherwise expressly indicated, include the Administration Agent in its capacity as Lender. The Administration Agent and its Affiliates may accept deposits from, lend money to, act as trustee under indentures of, and generally engage in any kind of business with the Borrowers or their Affiliates, or any corporation or other entity owned or controlled by the Borrowers or any person who may do business with or own securities of the Borrowers, all as if it were not the Administration Agent and without any duty to account therefor to the Lenders.

Appears in 3 contracts

Samples: Credit Agreement (Pope & Talbot Inc /De/), Credit Agreement (Pope & Talbot Inc /De/), Credit Agreement (Pope & Talbot Inc /De/)

AutoNDA by SimpleDocs

Administration Agent as Lender. With respect to its Commitment and the Accommodations made by it, the Administration Agent which is also a Lender shall have the same rights and powers under this Agreement as any other Lender hereunder and may exercise the same as though it were not the Administration Agent; and the term "Lender" or "Lenders" shall, unless otherwise expressly indicated, include the Administration Agent in its capacity as Lender. The Administration Agent and its Affiliates may accept deposits from, lend money to, act as trustee under indentures of, and generally engage in any kind of business with the Borrowers or their Affiliates, or any corporation or other entity owned or controlled by the Borrowers or any person who may do business with or own securities of the Borrowers, all as if it were not the Administration Agent and without any duty to account therefor to the Lenders.

Appears in 1 contract

Samples: Credit Agreement (Pope & Talbot Inc /De/)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!