Common use of Agents as Banks Clause in Contracts

Agents as Banks. Each bank 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 such bank and its Affiliates may accept deposits from, lend money to and generally engage in any kind of business with Borrower, Guarantors, Subsidiaries thereof or other Affiliate thereof as if it were not an Agent hereunder.

Appears in 2 contracts

Samples: Credit Agreement (Stroud Energy Inc), Credit Agreement (Stroud Energy Inc)

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Agents as Banks. Each bank serving With respect to its own rights as an a Bank (if any), each Agent hereunder shall have the same rights and powers in its capacity as a Bank under each Transaction Document as any other Bank and may exercise the same as though it were not an Agent, performing the duties and such bank and its Affiliates may accept deposits from, lend money functions delegated to and generally engage in any kind of business with Borrower, Guarantors, Subsidiaries thereof or other Affiliate thereof it as if it were not an Agent hereunder.and the term "

Appears in 2 contracts

Samples: Accession Agreement (United International Holdings Inc), Uih Australia Pacific Inc

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