Common use of Common parties Clause in Contracts

Common parties. Notwithstanding that the Agent and the Security Trustee may from time to time be the same entity, the Agent and the Security Trustee have entered into this Agreement in their separate capacities as agent or (as appropriate) security agent and trustee for the Finance Parties provided that, where this Agreement provides for the Agent or Security Trustee to communicate with or provide instructions to another Agent or Security Trustee, while the two parties in question are the same entity, it will not be necessary for there to be any such formal communication or instructions notwithstanding that this Agreement provides in certain cases for the same to be in writing.

Appears in 2 contracts

Samples: Facilities Agreement (Avecia Group PLC), Credit Agreement (Carlisle Holdings LTD)

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

Appears in 1 contract

Samples: Facility Agreement (Teekay LNG Partners L.P.)

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

Appears in 1 contract

Samples: Facility Agreement (Hines Global REIT, Inc.)

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