Common use of Dealings Between Agent and Borrower Clause in Contracts

Dealings Between Agent and Borrower. With respect to its Commitment, the Loans made by it, and Letters of Credit issued by it, the Agent shall have the same obligations, rights and powers under this Agreement and the other Loan Documents as any other Lender and may exercise the same as though it were not the Agent hereunder, and the term “Lender” shall unless otherwise expressly indicated include the Agent in its individual capacity. The Agent may accept deposits from, lend money to, act and generally engage in any kind of business with the Borrower and any Person which may do business with the Borrower, all as if the Agent were not the Agent hereunder and without any duty to obtain the consent of or account therefor to any other Lender. Each Lender acknowledges that, pursuant to such activities, the Agent may receive information regarding the Borrower (including information that may be subject to confidentiality obligations in favor of the Borrower) and acknowledges that the Agent shall be under no obligation to provide such information to any Lender.

Appears in 2 contracts

Samples: Loan Agreement (Elandia International Inc.), Loan Agreement (Elandia, Inc.)

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Dealings Between Agent and Borrower. With respect to its Commitment, the Loans made by it, and Letters of Credit issued by it, the Agent shall have the same obligations, rights and powers under this Agreement and the other Loan Documents as any other Lender and may exercise the same as though it were not the Agent hereunder, and the term “Lender” shall unless otherwise expressly indicated include the Agent in its individual capacity. The Agent may accept deposits from, lend money to, act and generally engage in any kind of business with the Borrower and any Person which may do business with the Borrower, all as if the Agent were not the Agent hereunder and without any duty to obtain the consent of or account therefor to any other Lender. Each Lender acknowledges that, pursuant to such activities, the Agent may receive information regarding the Borrower (including information that may be subject to confidentiality obligations in favor of the Borrower) and acknowledges that the Agent shall be under no obligation to provide such information to any Lender.

Appears in 1 contract

Samples: Loan Agreement (Elandia International Inc.)

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Dealings Between Agent and Borrower. With respect to its Commitment, the Loans made by it, and Letters of Credit issued by it, the Agent shall have the same obligations, rights and powers under this Agreement and the other Loan Documents as any other Lender and may exercise the same as though it were not the Agent hereunder, and the term “Lender” shall unless otherwise expressly indicated include the Agent in its individual capacity. The Agent may accept deposits from, lend money to, act and generally engage in any kind of business with the Borrower and any Person which may do business with the Borrower, all as if the Agent were not the Agent hereunder and without any duty to obtain the consent of or account therefor to any other Lender. Each Lender acknowledges Lenders acknowledge that, pursuant to such activities, the Agent may receive information regarding the Borrower (including information that may be subject to confidentiality obligations in favor of the Borrower) and acknowledges acknowledge that the Agent shall be under no obligation to provide such information to any Lender.

Appears in 1 contract

Samples: Loan Agreement (Cascade Corp)

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