Common use of Administrative Agent Entitled to Act as Lender Clause in Contracts

Administrative Agent Entitled to Act as Lender. The agency hereby created shall in no way impair or affect any of the rights and powers of, or impose any duties or obligations upon, any Agent in its individual capacity as a Lender hereunder. With respect to its participation in the Loans and Letters of Credit, each Agent shall have the same rights and powers hereunder as any other Lender and may exercise the same as though it were not performing the duties and functions delegated to it hereunder, and the term “Lender” shall, unless the context clearly otherwise indicates, include each Agent in its individual capacity. Any Agent and its Affiliates may accept deposits from, lend money to, own Securities of, and generally engage in any kind of banking, trust, financial advisory or other business with the Group Members or any of their Affiliates as if it were not performing the duties specified herein, and may accept fees and other consideration from the Group Members for services in connection with this Agreement and otherwise without having to account for the same to the Lenders.

Appears in 3 contracts

Samples: Credit Agreement (Assurant, Inc.), Credit Agreement (Assurant Inc), Credit Agreement (Assurant Inc)

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Administrative Agent Entitled to Act as Lender. The agency hereby created shall in no way impair or affect any of the rights and powers of, or impose any duties or obligations upon, any Administrative Agent in its individual capacity as a Lender hereunder. With respect to its participation in the Loans Loans, Administrative Agent and Letters of Credit, each Agent its Affiliates shall have the same rights and powers hereunder as any other Lender and may exercise the same as though if it were not performing the duties and functions delegated to it hereunder, and the term “Lender” shall, unless the context clearly otherwise indicates, include each Administrative Agent in its individual capacity. Any Administrative Agent and its Affiliates may accept deposits from, lend money to, own Securities securities of, and generally engage in any kind of banking, trust, financial advisory or other business with the Group Members Company or any of their its Affiliates as if it were not performing the duties specified herein, and may accept fees and other consideration from the Group Members Company for services in connection with this Agreement herewith and otherwise without having to account for the same to the Lenders.

Appears in 2 contracts

Samples: Credit and Guaranty Agreement (Euramax International, Inc.), Credit and Guaranty Agreement (Euramax International, Inc.)

Administrative Agent Entitled to Act as Lender. The agency hereby created shall in no way impair or affect any of the rights and powers of, or impose any duties or obligations upon, any Agent in its individual capacity as a Lender hereunder. With respect to its participation in the Loans and Letters of Credit, each Agent shall have the same rights and powers hereunder as any other Lender and may exercise the same as though it were not performing the duties and functions delegated to it hereunder, and the term “Lender” shall, unless the context clearly otherwise indicates, include each Agent in its individual capacity. Any Agent and its Affiliates may accept deposits from, lend money to, own Securities of, and generally engage in any kind of banking, trust, financial advisory or other business with the Group Members Borrower or any of their its Affiliates as if it were not performing the duties specified herein, and may accept fees and other consideration from the Group Members Borrower for services in connection with this Agreement and otherwise without having to account for the same to the Lenders.

Appears in 1 contract

Samples: Credit Agreement (Assurant Inc)

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Administrative Agent Entitled to Act as Lender. The agency hereby created shall in no way impair or affect any of the rights and powers of, or impose any duties or obligations upon, any the Administrative Agent in its individual capacity as a Lender hereunder. With respect to its participation in Loans, the Loans and Letters of Credit, each Administrative Agent shall have the same rights and powers hereunder as any other Lender and may exercise the same as though if it were not performing the duties and functions delegated to it hereunder, and the term “Lender” shall, unless the context clearly otherwise indicates, include each the Administrative Agent in its individual capacity. Any The Administrative Agent and its Affiliates may accept deposits from, lend money to, own Securities securities of, and generally engage in any kind of banking, trust, financial advisory or other business with the Group Members any Loan Party or any of their its Affiliates as if it were not performing the duties specified herein, and may accept fees and other consideration from the Group Members any Loan Party or any of their respective Affiliates for services in connection with this Agreement herewith and otherwise without having to account for the same to the Lenders.

Appears in 1 contract

Samples: Term Loan Credit Agreement (Viking Energy Group, Inc.)

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