Common use of Agent's Rights as a Bank Clause in Contracts

Agent's Rights as a Bank. With respect to its share of the indebtedness hereunder, Agent shall have the same rights and powers hereunder as any other Bank and may exercise the same as though it were not Agent. Each of the Banks may accept deposits from, lend money to, and generally engage in any kind of banking or trust business with Borrowers as if it were not Agent or a Bank hereunder.

Appears in 1 contract

Samples: Credit Agreement (Sunsource Inc)

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Agent's Rights as a Bank. With respect to its share of the ------------------------ indebtedness hereunder, Agent shall have the same rights and powers hereunder as any other Bank and may exercise the same as though it were not Agent. Each of the Banks may accept deposits from, lend money to, from and generally engage in any kind of other banking or trust business with Borrowers Borrower as if it were not Agent or a Bank hereunder.

Appears in 1 contract

Samples: Credit Agreement (Home Health Corp of America Inc \Pa\)

Agent's Rights as a Bank. With respect to its their share of the indebtedness hereunder, Agent shall have the same rights and powers hereunder as any other Bank and may exercise the same as though it were not Agent. Each of the Banks may accept deposits from, lend money to, from and generally engage in any kind of other banking or trust business with Borrowers Borrower as if it were not Agent or a Bank hereunder.

Appears in 1 contract

Samples: Credit Agreement (Nichols Research Corp /Al/)

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Agent's Rights as a Bank. With respect to its share of the indebtedness Indebtedness hereunder, Agent shall have the same rights and powers hereunder as any other Bank and may exercise the same as though it were not Agent. Each of the Banks may accept deposits from, lend money to, and generally engage in any kind of banking or trust business with Borrowers as if it were not Agent or a Bank hereunder.

Appears in 1 contract

Samples: Credit Agreement (Sunsource Inc)

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