Administrative Agent and its Affiliates. The Administrative Agent shall have the same rights and powers in its capacity as a Lender as any other Lender and may exercise or refrain from exercising such rights and powers as though it were not the Administrative Agent, and the Administrative Agent and its Affiliates may accept deposits from, lend money to, own securities of, act as the financial advisor or in any other advisory capacity for, and generally engage in any kind of banking, trust, financial advisory or other business with any Borrower or any Affiliate of any Borrower as if it were not the Administrative Agent under the Loan Documents and without any duty to account therefor to the Lenders. The terms “Lender” and “Lenders”, unless otherwise expressly indicated or unless the context otherwise clearly requires, includes the Administrative Agent in its individual capacity as a Lender. References in Section 2 to the Administrative Agent’s Loans, or to the amount owing to the Administrative Agent for which an interest rate is being determined, refer to the Administrative Agent in its individual capacity as a Lender.
Appears in 7 contracts
Samples: Credit Agreement (Delek Logistics Partners, LP), Credit Agreement (Delek Logistics Partners, LP), Credit Agreement (Delek US Holdings, Inc.)
Administrative Agent and its Affiliates. The To the extent that the Administrative Agent is also a Lender hereunder, the Administrative Agent shall have the same rights and powers in its capacity as a Lender under this Agreement and the other Loan Documents as any other Lender and may exercise or refrain from exercising such rights and powers power as though it were not the Administrative Agent, and the Administrative Agent and its Affiliates affiliates may accept deposits from, lend money to, own securities of, act as the financial advisor or in any other advisory capacity for, and generally engage in any kind of banking, trust, financial advisory or other business with any the Borrower or any Affiliate of any the Borrower as if it were not the Administrative Agent under the Loan Documents and without any duty to account therefor to Documents. To the Lenders. The terms extent that the Administrative Agent is also a Lender hereunder, the term “Lender” as used herein and “Lenders”in all other Loan Documents, unless otherwise expressly indicated or unless the context otherwise clearly requires, includes shall include the Administrative Agent in its individual capacity as a Lender. References To the extent that the Administrative Agent is also a Lender hereunder, references in Section 2 1 hereof to the Administrative Agent’s Loans, or to the amount owing to the Administrative Agent for which an interest rate is being determined, refer to the Administrative Agent in its individual capacity as a Lender.
Appears in 2 contracts
Samples: Credit Agreement (Nobel Learning Communities Inc), Credit Agreement (Nobel Learning Communities Inc)
Administrative Agent and its Affiliates. The With respect to its Commitment, the Loan made by it and the Notes, if any, issued to it, each Lender which is also the Administrative Agent shall have the same rights and powers in its capacity as a Lender under the Loan Documents as any other Lender and may exercise or refrain from exercising such rights and powers the same as though it were not the Administrative Agent; and the term “Lender” or “Lenders” shall, and unless otherwise expressly indicated, include any Lender serving as the Administrative Agent in its individual capacity. Any Lender serving as the Administrative Agent and its Affiliates may accept deposits from, lend money to, own securities of, act as the financial advisor or in any other advisory capacity fortrustee under indentures of, and generally engage in any kind of bankingbusiness with, trustthe Borrower, financial advisory or other any of the Subsidiaries and any Person who may do business with any or own securities of the Borrower or any Affiliate of any Borrower Subsidiary, all as if it such Lender were not the Administrative Agent under the Loan Documents and without any duty to account therefor to the Lenders. The terms “Lender” and “Lenders”, unless otherwise expressly indicated or unless the context otherwise clearly requires, includes the Administrative Agent in its individual capacity as a Lender. References in Section 2 to the Administrative Agent’s Loans, or to the amount owing to the Administrative Agent for which an interest rate is being determined, refer to the Administrative Agent in its individual capacity as a Lender.
Appears in 1 contract
Samples: Construction and Term Loan Agreement (Southern Union Co)