Common use of Concerning Beneficiary Clause in Contracts

Concerning Beneficiary. 5.19.1 Beneficiary shall be entitled to rely upon any written notice, statement, certificate, order or other document or any telephone message believed by it to be genuine and correct and to have been signed, sent or made by the proper person, and, with respect to all matters pertaining to this Deed to Secure Debt and its duties hereunder, upon advice of counsel selected by it. 5.19.2 With respect to any of its rights and obligations as a Bank, Beneficiary shall have and may exercise the same rights and powers hereunder. The term "Banks," "Bank" or any similar terms shall, unless the context clearly otherwise indicates, include Beneficiary in its individual capacity as a Bank. Beneficiary may accept deposits from, lend money to, and generally engage in any kind of banking, trust or other business with Grantor or any entity related to or affiliated with Grantor to the same extent as if Beneficiary were not acting as collateral agent.

Appears in 3 contracts

Samples: Credit Agreement (Carson Inc), Credit Agreement (Carson Inc), Term Loan and Revolving Credit Agreement (Carson Products Co)

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Concerning Beneficiary. 5.19.1 5.20.1 Beneficiary shall be entitled to rely upon any written notice, statement, certificate, order or other document or any telephone message believed by it to be genuine and correct and to have been signed, sent or made by the proper person, and, with respect to all matters pertaining to this Deed to Secure Debt of Trust and its duties hereunder, upon advice of counsel selected by it. 5.19.2 5.20.2 With respect to any of its rights and obligations as a BankLender, Beneficiary shall have and may exercise the same rights and powers hereunder. The term "Banks“Lenders," "Bank" ” “Lender” or any similar terms shall, unless the context clearly otherwise indicates, include Beneficiary in its individual capacity as a BankLender. Beneficiary may accept deposits from, lend money to, and generally engage in any kind of banking, trust or other business with Grantor or any entity related to or affiliated with Grantor to the same extent as if Beneficiary were not acting as collateral agent.

Appears in 1 contract

Samples: Credit Agreement (Tuesday Morning Corp/De)

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