Common use of Administrative Agent Individually Clause in Contracts

Administrative Agent Individually. (a) Any Person serving as an Agent hereunder shall have the same rights and powers in its capacity as a Bank as any other Bank and may exercise the same as though it were not an Agent and the term “Bank” or “Banks” shall, unless otherwise expressly indicated or unless the context otherwise requires, include the Person serving as an Agent hereunder in its individual capacity as a Bank. Such Person and its Affiliates may accept deposits from, lend money to, act as the financial advisor or in any other advisory capacity for and generally engage in any kind of business with any Loan Party or any Subsidiary or other affiliate thereof as if such Person were not an Agent hereunder and without any duty to account therefor to the Banks.

Appears in 2 contracts

Samples: Credit Agreement and General Security Agreement (Avon Products Inc), General Security Agreement (Avon Products Inc)

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Administrative Agent Individually. (a) Any The Person serving as an the Administrative Agent hereunder shall have the same rights and powers in its capacity as a Bank as any other Bank and may exercise the same as though it were not an the Administrative Agent and the term “Bank” or “Banks” shall, unless otherwise expressly indicated or unless the context otherwise requires, include the Person serving as an the Administrative Agent hereunder in its individual capacity as a Bankcapacity. Such Person and its Affiliates may accept deposits from, lend money to, act as the financial advisor or in any other advisory capacity for and generally engage in any kind of business with any Loan Party or any Subsidiary or other affiliate Affiliate thereof as if such Person were not an the Administrative Agent hereunder and without any duty to account therefor to the Banks.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Alliancebernstein L.P.), Revolving Credit Agreement (Alliancebernstein Holding L.P.)

Administrative Agent Individually. (a) Any The Person serving as an the Administrative Agent hereunder shall have the same rights and powers in its capacity as a Bank as any other Bank and may exercise the same as though it were not an the Administrative Agent and the term “Bank” or “Banks” shall, unless otherwise expressly indicated or unless the context otherwise requires, include the Person serving as an the Administrative Agent hereunder in its individual capacity as a Bankcapacity. Such Person and its Affiliates may accept deposits from, lend money to, act as the financial advisor or in any other advisory capacity for and generally engage in any kind of business with any Loan Party the Borrowers or any Subsidiary or other affiliate Affiliate thereof as if such Person were not an the Administrative Agent hereunder and without any duty to account therefor to the Banks.

Appears in 2 contracts

Samples: Credit Agreement (Ensco PLC), Credit Agreement (Ensco PLC)

Administrative Agent Individually. (a) Any The Person serving as an the Administrative Agent hereunder shall have the same rights and powers in its capacity as a Bank as any other Bank and may exercise the same as though it were not an the Administrative Agent and the term "Bank" or "Banks" shall, unless otherwise expressly indicated or unless the context otherwise requires, include the Person serving as an the Administrative Agent hereunder in its individual capacity as a Bankcapacity. Such Person and its Affiliates may accept deposits from, lend money to, act as the financial advisor or in any other advisory capacity for and generally engage in any kind of business with any Loan Party the Borrowers or any Subsidiary or other affiliate Affiliate thereof as if such Person were not an the Administrative Agent hereunder and without any duty to account therefor to the Banks.

Appears in 2 contracts

Samples: Credit Agreement (Ensco PLC), Ensco PLC

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Administrative Agent Individually. (ae) Any The Person serving as an the Administrative Agent hereunder shall have the same rights and powers in its capacity as a Bank as any other Bank and may exercise the same as though it were not an the Administrative Agent and the term “Bank” or “Banks” shall, unless otherwise expressly indicated or unless the context otherwise requires, include the Person serving as an the Administrative Agent hereunder in its individual capacity as a Bankcapacity. Such Person and its Affiliates may accept deposits from, lend money to, act as the financial advisor or in any other advisory capacity for and generally engage in any kind of business with any Loan Party the Borrowers or any Subsidiary or other affiliate Affiliate thereof as if such Person were not an the Administrative Agent hereunder and without any duty to account therefor to the Banks.

Appears in 1 contract

Samples: Credit Agreement (Ensco PLC)

Administrative Agent Individually. (a) Any The Person serving as an the Administrative Agent hereunder shall have the same rights and powers in its capacity as a Bank as any other Bank and may exercise the same as though it were not an Agent the Administrative Agent; and the term Bankor Banksshall, unless otherwise expressly indicated or unless the context otherwise requires, include the Person serving as an the Administrative Agent hereunder in its individual capacity as a Bankcapacity. Such Person and its Affiliates may accept deposits from, lend money to, act as the financial advisor or in any other advisory capacity for and generally engage in any kind of business with any Loan Party the Borrowers or any Subsidiary or other affiliate Affiliate thereof as if such Person were not an the Administrative Agent hereunder and without any duty to account therefor to the Banks.

Appears in 1 contract

Samples: Credit Agreement (Caterpillar Financial Services Corp)

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