Common use of Administrative Agent and its Affiliates Clause in Contracts

Administrative Agent and its Affiliates. With respect to its Commitment, the Advances made by it and the Notes issued to it, the Administrative Agent shall have the same rights and powers under this Agreement as any other Bank and may exercise the same as though it were not the Administrative Agent. The term “Bank” or “Banks” shall, unless otherwise expressly indicated, include the Administrative Agent in its individual capacity. The Administrative 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 Borrower or any of its Subsidiaries, and any Person who may do business with or own securities of the Borrower or any such Subsidiary, all as if the Administrative Agent were not the Administrative Agent hereunder and without any duty to account therefor to the Banks.

Appears in 15 contracts

Samples: Senior Unsecured Term Loan Agreement (LaSalle Hotel Properties), Senior Unsecured Credit Agreement (LaSalle Hotel Properties), Senior Unsecured Credit Agreement (LaSalle Hotel Properties)

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Administrative Agent and its Affiliates. With respect to its Commitment, Commitments and the Advances made by it and the Notes issued to it, the Person serving as Administrative Agent shall have the same rights and powers in its capacity as a Lender under this Agreement as any other Bank Lender and may exercise the same as though it were not the Administrative Agent. The ; and the term “BankLender” or “BanksLenders” shall, unless otherwise expressly indicated, include the Person serving as the Administrative Agent hereunder in its individual capacity. The Administrative Agent Such Person and its Affiliates may accept deposits from, lend money to, act as trustee under indentures of, own securities of, act as the financial advisor for, accept investment banking engagements from and generally engage in any kind of business with, the Borrower or Borrower, any Lender and any of its Subsidiaries, and any Person who may do business with their respective Subsidiaries or own securities of the Borrower or any such Subsidiary, all Affiliates thereof as if the Administrative Agent such Person were not the Administrative Agent hereunder and without any duty to account therefor to the BanksLenders.

Appears in 9 contracts

Samples: Credit Agreement (Ohio Power Co), Credit Agreement (Ohio Power Co), Credit Agreement (Ohio Power Co)

Administrative Agent and its Affiliates. With respect to its Commitment, the Advances an Advance made by it and the Notes a Note issued to it, the Administrative Agent shall have the same rights and powers under this Agreement as any other Bank Lender and may exercise the same as though it were not the Administrative Agent. The term “BankLender” or “BanksLenders” shall, unless otherwise expressly indicated, include the Administrative Agent in its individual capacity. The Administrative 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 Borrower or any of its Subsidiaries, and any Person who may do business with or own securities of the Borrower or any such Subsidiary, all as if the Administrative Agent were not the Administrative Agent hereunder and without any duty to account therefor to the BanksLenders.

Appears in 3 contracts

Samples: Credit Agreement, Senior Secured Term Loan Agreement (Seritage Growth Properties), Senior Unsecured Term Loan Agreement (Seritage Growth Properties)

Administrative Agent and its Affiliates. With respect to its Commitment, the Advances Credit Extensions made by it and the Notes Note issued to itit as a Bank, the Administrative Agent shall have the same rights and powers under this Agreement or the other Loan Documents as any other Bank and may exercise the same as though it were not the Administrative Agent. The term “Bank” or “Banks” shall, unless otherwise expressly indicated, include the each Administrative Agent in its individual capacity. The Administrative 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 withwith Borrowers, the Borrower or any of its Subsidiaries, their respective Subsidiaries and any Person who may do business with or own securities of the Borrower or Borrowers, any such Subsidiaryof its respective Subsidiaries, all as if the Administrative Agent were not the Administrative Agent hereunder and without any duty to account therefor to the Banks.

Appears in 2 contracts

Samples: Credit Agreement (EnerJex Resources, Inc.), Credit Agreement (EnerJex Resources, Inc.)

Administrative Agent and its Affiliates. With If Administrative Agent is a Bank, then with respect to its Commitment, the Advances Loans made by it and the Notes Note issued to itit as a Bank, the Administrative Agent shall have the same rights and powers under this Agreement or the other Loan Documents as any other Bank and may exercise the same as though it were not the Administrative Agent. The term “Bank” or “Banks” shall, unless otherwise expressly indicated, include the each Administrative Agent in its individual capacity. The Administrative 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 withwith Borrowers, the Borrower or any of its Subsidiaries, their respective Subsidiaries and any Person who may do business with or own securities of the Borrower or Borrowers, any such Subsidiaryof its respective Subsidiaries, all as if the Administrative Agent were not the Administrative Agent hereunder and without any duty to account therefor to the Banks.

Appears in 1 contract

Samples: Credit Agreement (EnerJex Resources, Inc.)

Administrative Agent and its Affiliates. With respect to its Commitment, the Advances Loans made by it it, and the Notes issued Obligations owed to it, the Administrative Agent shall have the same rights and powers under this Agreement as any other Bank Lender and may exercise the same as though it were not the Administrative Agent. The term “BankLender” or “BanksLenders” shall, unless otherwise expressly indicated, include the Administrative Agent in its individual capacity. The Administrative 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 Borrower or any of its Subsidiaries, and any Person who may do business with or own securities of the Borrower or any such Subsidiary, all as if the Administrative Agent were not the Administrative Agent an agent hereunder and without any duty to account therefor to the BanksLenders.

Appears in 1 contract

Samples: Credit Agreement (Trans Energy Inc)

Administrative Agent and its Affiliates. With respect to its Commitment, the Advances made by it and the Notes issued to it, the Administrative Agent shall have the same rights and powers under this Agreement as any other Bank Lender and may exercise the same as though it were not the an Administrative Agent. The term “BankLender” or “BanksLenders” shall, unless otherwise expressly indicated, include the Administrative Agent in its individual capacitycapacity as a Lender. The Administrative Agent Agent, the Lenders and its their respective Affiliates may accept deposits from, lend money to, act as trustee under indentures of, and generally engage in any kind of business with, the Borrower or any of its SubsidiariesAffiliates, and any Person who may do business with or own securities of the Borrower or any such SubsidiaryAffiliate, all as if the Administrative Agent were not the an Administrative Agent hereunder or the Lenders were not Lenders hereunder and without any duty to account therefor therefore to the BanksLenders.

Appears in 1 contract

Samples: Loan Agreement (Great Wolf Resorts, Inc.)

Administrative Agent and its Affiliates. With respect to its Commitment, the Advances made by it and the Notes issued to it, the Administrative Agent shall have the same rights and powers under this Agreement as any other Bank Lender and may exercise the same as though it were not the Administrative Agent. The term “BankLender” or “BanksLenders” shall, unless otherwise expressly indicated, include the Administrative Agent in its individual capacity. The Administrative 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 Borrower or any of its Subsidiaries, and any Person who may do business with or own securities of the Borrower or any such Subsidiary, all as if the Administrative Agent were not the Administrative Agent hereunder and without any duty to account therefor to the BanksLenders.

Appears in 1 contract

Samples: Senior Unsecured Term Loan Agreement (Seritage Growth Properties)

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Administrative Agent and its Affiliates. With respect to its Commitment, the Advances made by it and the Notes Note issued to it, each Bank which is also the Administrative Agent shall have the same rights and powers under this Agreement the Loan Documents as any other Bank and may exercise the same as though it were not the Administrative Agent. The ; and the term "Bank" or "Banks" shall, unless otherwise expressly indicated, include any Bank serving as the Administrative Agent in its individual capacity. The Any Bank serving as the Administrative Agent and its Affiliates affiliates may accept deposits from, lend money to, act as trustee under indentures of, accept investment banking engagements from and generally engage in any kind of business with, the Borrower or Borrower, any of its Subsidiaries, the Subsidiaries and any Person who may do business with or own securities of the Borrower or any such Subsidiary, all as if the Administrative Agent such Bank were not the Administrative Agent hereunder and without any duty to account therefor to the Banks.

Appears in 1 contract

Samples: Revolving Credit Agreement (Azurix Corp)

Administrative Agent and its Affiliates. With respect to its --------------------------------------- Commitment, the Advances made by it and the Notes issued to it, the Administrative Agent shall have the same rights and powers under this Agreement as any other Bank and may exercise the same as though it were not the Administrative Agent. The term "Bank" or "Banks" shall, unless otherwise expressly indicated, include the Administrative Agent in its individual capacity. The Administrative 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 Borrower or any of its Subsidiaries, and any Person who may do business with or own securities of the Borrower or any such Subsidiary, all as if the Administrative Agent were not the Administrative Agent hereunder and without any duty to account therefor to the Banks.

Appears in 1 contract

Samples: Senior Unsecured Credit Agreement (Lasalle Hotel Properties)

Administrative Agent and its Affiliates. With respect to its Commitment, the Advances made by it and the Notes issued to it, the Administrative Agent shall have the same rights and powers under this Agreement as any other Bank and may exercise the same as though it were not the Administrative Agent. The term "Bank" or "Banks" shall, unless otherwise expressly indicated, include the Administrative Agent in its individual capacity. The Administrative 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 Borrower or any of its Subsidiaries, and any Person who may do business with or own securities of the Borrower or any such Subsidiary, all as if the Administrative Agent were not the Administrative Agent hereunder and without any duty to account therefor to the Banks.

Appears in 1 contract

Samples: Senior Unsecured Credit Agreement (Lasalle Hotel Properties)

Administrative Agent and its Affiliates. With respect to its Commitment, the Advances made by it and the Notes issued to it, the Administrative Agent shall have the same rights and powers under this Agreement as any other Bank Lender and may exercise the same as though it were not the Administrative Agent. The term “BankLender” or “BanksLenders” shall, unless otherwise expressly indicated, include the Administrative Agent in its individual capacity. The Administrative 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 Borrower or any of its Subsidiaries, and any Person who may do business with or own securities of the Borrower or any such Subsidiary, all as if the Administrative Agent were not the Administrative Agent an agent hereunder and without any duty to account therefor to the BanksLenders.

Appears in 1 contract

Samples: Credit Agreement (Delta Petroleum Corp/Co)

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