Common use of Collateral Agent in its Individual Capacity Clause in Contracts

Collateral Agent in its Individual Capacity. Each Lender acknowledges that Xxxxx Fargo Bank Nevada, National Association, is acting as Collateral Agent hereunder. Xxxxx Fargo Bank Nevada, National Association, and its Affiliates may make loans to, issue letters of credit for the account of, accept deposits from, acquire equity interests in and generally engage in any kind of banking, trust, financial advisory, underwriting or other business with the Borrower and its Affiliates as though it was not the Collateral Agent hereunder and under the other Loan Documents and without notice to or consent of the Lenders. Each Lender acknowledges that, pursuant to such activities, Xxxxx Fargo Bank Nevada, National Association, or its Affiliates may receive information regarding the Borrower or its Affiliates (including information that may be subject to confidentiality obligations in favor of the Borrower or its Affiliates) and acknowledges that such Persons shall be under no obligation to provide such information to them.

Appears in 2 contracts

Samples: Loan Agreement (Wynn Las Vegas LLC), Loan Agreement (Wynn Resorts LTD)

AutoNDA by SimpleDocs

Collateral Agent in its Individual Capacity. Each Lender acknowledges that Xxxxx Fargo Bank Nevada, National Association, Association is acting as Collateral Agent hereunder. Xxxxx Fargo Bank Nevada, National Association, Association and its Affiliates may make loans to, issue letters of credit for the account of, accept deposits from, acquire equity interests in and generally engage in any kind of banking, trust, financial advisory, underwriting or other business with the Borrower Lessor, Lessees, Guarantors and its their respective Affiliates as though it was not the Collateral Agent hereunder and under the other Loan Operative Documents and without notice to or consent of the Lenders. Each Lender acknowledges that, pursuant to such activities, Xxxxx Fargo the Bank Nevada, National Association, or its Affiliates may receive information regarding the Borrower Lessees, Guarantors, Lessor or its their respective Affiliates (including information that may be subject to confidentiality obligations in favor of the Borrower Lessees, Guarantors, Lessor or its their respective Affiliates) and acknowledges that such Persons shall be under no obligation to provide such information to them.

Appears in 1 contract

Samples: Participation Agreement (Mandalay Resort Group)

AutoNDA by SimpleDocs

Collateral Agent in its Individual Capacity. Each Lender acknowledges that Xxxxx Wells Fargo Bank Nevada, National Association, is acting as Collateral Agent Collaterxx Xxent hereunder. Xxxxx Wells Fargo Bank Nevada, National Association, and its Affiliates may make max xxxe loans to, issue letters of credit for the account of, accept deposits from, acquire equity interests in and generally engage in any kind of banking, trust, financial advisory, underwriting or other business with the Giant Yorktown, Inc. Loan Agreement Borrower and its their Affiliates as though it was not the Collateral Agent hereunder and under the other Loan Operative Documents and without notice to or consent of the Lenders. Each Lender acknowledges that, pursuant to such activities, Xxxxx Wells Fargo Bank Nevada, National Association, or its Affiliates may receive xxxxive information regarding the Borrower or its Affiliates (including information that may be subject to confidentiality obligations in favor of the Borrower or its Affiliates) and acknowledges that such Persons shall be under no obligation to provide such information to them.

Appears in 1 contract

Samples: Loan Agreement (Giant Industries Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!