Common use of Common parties Clause in Contracts

Common parties. Although the Agent and the Security Agent may from time to time be the same entity, that entity will have entered into the Finance Documents (to which it is party) in its separate capacities as agent for the Finance Parties and (as appropriate) security agent and trustee for the Finance Parties. Where any Finance Document provides for the Agent or Security Agent to communicate with or provide instructions to the other, while they are the same entity, such communication or instructions will not be necessary.

Appears in 7 contracts

Samples: China Eca Facility Framework Agreement (Seadrill Partners LLC), Secured Credit Facility Agreement, Facility Agreement (DryShips Inc.)

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Common parties. Although Notwithstanding that the Agent and the Security Agent may from time to time be the same entity, that entity will the Agent and the Security Agent have entered into the Finance Documents (to which it is they are party) in its their separate capacities as agent for the Finance Parties and or (as appropriate) security agent and trustee for the Finance Parties. Where Parties provided that, where any Finance Document provides for the Agent or Security Agent to communicate with or provide instructions to the other, while they the two parties in question are the same entity, it will not be necessary for there to be any such formal communication or instructions will not notwithstanding that the Finance Documents provide in certain cases for the same to be necessaryin writing.

Appears in 2 contracts

Samples: Facilities Agreement (International Shipping Enterprises, Inc.), Facilities Agreement (International Shipping Enterprises, Inc.)

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Common parties. Although the Agent and the Security Agent may from time to time be the same entity, that entity will have entered into the Finance Documents (to which it is party) in its separate capacities as agent for the other Finance Parties and (as appropriate) security agent and trustee for all of the other Finance Parties. Where any Finance Document provides for the an Agent or Security Agent to communicate with or provide instructions to the other, while they are the same entity, such communication or instructions will not be necessary.

Appears in 1 contract

Samples: Facility Agreement (Danaos Corp)

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