Common use of Credit Extensions by each Agent Clause in Contracts

Credit Extensions by each Agent. Each of the Agents, and each Issuer shall have the same rights and powers with respect to (x)(i) in the case of an Agent, the Credit Extensions made by it or any of its Affiliates and (ii) in the case of each Issuer, the Loans made by it or any of its Affiliates, and (y) the Loans 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 an Issuer. Each Agent, each Issuer and each of their respective Affiliates may accept deposits from, lend money to, and generally engage in any kind of business with either Borrower or any Subsidiary or Affiliate of such Borrower as if such Agent or such Issuer were not an Agent or an Issuer hereunder. The Lenders acknowledge that, pursuant to such activities, the Agents or their respective Affiliates may receive information regarding a Borrower or its Affiliates (including information that may be subject to confidentiality obligations in favor of such Borrower or such Affiliate) and acknowledge that the Agents and their respective Affiliates shall be under no obligation to provide such information to them.

Appears in 4 contracts

Samples: Credit Agreement (AMH Holdings, Inc.), Credit Agreement (Associated Materials Inc), Credit Agreement (Associated Materials Inc)

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Credit Extensions by each Agent. Each of the Agents, and each Issuer shall have the same rights and powers with respect to (x)(i) in the case of an Agent, the Credit Extensions made by it or any of its Affiliates and (ii) in the case of each Issuer, the Loans made by it or any of its Affiliates, and (y) the Loans 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 an Issuer. Each Agent, each Issuer and each and each of their respective Affiliates may accept deposits from, lend money to, and generally engage in any kind of business with either the Borrower or any Subsidiary or Affiliate of such the Borrower as if such Agent or such Issuer were not an Agent or an Issuer hereunder. The Lenders acknowledge that, pursuant to such activities, the Agents or their respective Affiliates may receive information regarding a the Borrower or its Affiliates (including information that may be subject to confidentiality obligations in favor of such the Borrower or such Affiliate) and acknowledge that the Agents and their respective Affiliates shall be under no obligation to provide such information to them.

Appears in 2 contracts

Samples: Credit Agreement (Associated Materials Inc), Credit Agreement (Associated Materials Inc)

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Credit Extensions by each Agent. Each of the Agents, Administrative Agent and each the Issuer shall have the same rights and powers with respect to (x)(i) in the case of an Agent, the Credit Extensions made by it or any of its Affiliates and (ii) in the case of each the Issuer, the Loans made by it or any of its Affiliates, and (y) the Loans Notes 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 an the Issuer. Each Agent, the Issuer and each Issuer and each of their respective Affiliates may accept deposits from, lend money to, and generally engage in any kind of business with either the Borrower or any Subsidiary or Affiliate of such the Borrower as if such the Administrative Agent or such the Issuer were not an the Administrative Agent or an the Issuer hereunder. The Lenders acknowledge that, pursuant to such activities, the Agents Bankers Trust or their respective its Affiliates may receive information regarding a the Borrower or its Affiliates (including information that may be subject to confidentiality obligations in favor of such the Borrower or such Affiliate) and acknowledge that the Agents Bankers Trust and their respective its Affiliates shall be under no obligation to provide such information to them.

Appears in 1 contract

Samples: Credit Agreement (Global Power Equipment Group Inc/)

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