Common use of Citibank and Affiliates Clause in Contracts

Citibank and Affiliates. With respect to its Commitment, Revolving Credit Commitment, Local Currency Commitment, the Advances made by it and any Notes issued to it, Citibank shall have the same rights and powers under this Agreement and the Local Currency Addendum as any other Bank and may exercise the same as though it were not the Agent and Citibank International plc were not the Local Currency Agent; and the term “Bank” or “Banks” shall, unless otherwise expressly indicated, include Citibank in its individual capacity. Citibank and its affiliates may accept deposits from, lend money to, act as trustee under indentures of, and generally engage in any kind of business with, any Borrower, any of its subsidiaries and any Person who may do business with or own securities of any Borrower or any such subsidiary, all as if Citibank were not the Agent and Citibank International plc were not the Local Currency Agent and without any duty to account therefor to the Banks.