Common use of Credit Extensions by Each Agent and Issuer Clause in Contracts

Credit Extensions by Each Agent and Issuer. Each Agent and the Issuer shall have the same rights and powers with respect to (i) in the case of the Agents, the Credit Extensions made by it or any of its Affiliates and (ii) in the case of the Issuer, the Loans made by it or any of its Affiliates, as any other Lender and may exercise the same as if it were not an Agent or the Issuer. Each Agent, the Issuer and each of their respective Affiliates may accept deposits from, lend money to, and generally engage in any kind of business with the Borrower or any Subsidiary or Affiliate of the Borrower as if such Agent or Issuer were not an Agent or Issuer hereunder.

Appears in 3 contracts

Samples: Credit Agreement (True Temper Sports Inc), Credit Agreement (Nextel Partners Inc), Credit Agreement (Nextel Partners Inc)

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Credit Extensions by Each Agent and Issuer. Each Agent and the each Issuer shall have the same rights and powers with respect to (x) (i) in the case of the Agentsan Agent, the Credit Extensions made by it or any of its Affiliates and (ii) in the case of the an Issuer, the Loans made by it or any of its Affiliates, and (y) the Notes, if any, held by it or any of its Affiliates as any other Lender and may exercise the same as if it were not an Agent or the an Issuer. Each Agent, the each Issuer and each of their respective Affiliates may accept deposits from, lend money to, and generally engage in any kind of business with the Borrower Company or any Subsidiary or Affiliate of the any Borrower as if such Agent or Issuer were not an Agent or Issuer hereunder.

Appears in 1 contract

Samples: Credit Agreement (Formica Corp)

Credit Extensions by Each Agent and Issuer. Each Agent and the Issuer shall have the same rights and powers with respect to (ia) in the case of the Agents, the Credit Extensions made by it or any of its Affiliates and (iib) in the case of the Issuer, the Loans made by it or any of its Affiliates, as any other Lender and may exercise the same as if it were not an Agent or the Issuer. Each Agent, the Issuer and each of their respective Affiliates may accept deposits from, lend money to, and generally engage in any kind of business with the Borrower or any Subsidiary or Affiliate of the Borrower as if such Agent or Issuer were not an Agent or Issuer hereunder.

Appears in 1 contract

Samples: Revolving Credit Agreement (Royster-Clark Nitrogen Realty LLC)

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Credit Extensions by Each Agent and Issuer. Each Agent and the Issuer shall have the same rights and powers with respect to (ia) in the case of the Agents, the Credit Extensions made by it or any of its Affiliates and (iib) in the case of the Issuer, the Loans made by it or any of its Affiliates, as any other Lender and may exercise the same as if it were not an Agent or the Issuer. Each Agent, the Issuer and each of their respective Affiliates may accept deposits from, lend money to, and generally engage in any kind of business with the Borrower Company or any Subsidiary or Affiliate of the Borrower Company as if such Agent or Issuer were not an Agent or Issuer hereunder.

Appears in 1 contract

Samples: Revolving Credit Agreement (Sterling Chemical Inc)

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