Common use of Each Agent and Its Affiliates Clause in Contracts

Each Agent and Its Affiliates. With respect to its ----------------------------- Commitment, the Advances made by it and the Notes issued to it, each Agent shall have the same rights and powers under this Agreement as any other Bank and may exercise the same as though it were not an Agent. The term "Bank" or "Banks" shall, unless otherwise expressly indicated, include each Agent in its individual capacity. Each Agent and its Affiliates may accept deposits from, lend money to, act as trustee under indentures of, and generally engage in any kind of business with, the Borrower or any of its Subsidiaries, and any Person who may do business with or own securities of the Borrower or any such Subsidiary, all as if such Agent were not an Agent hereunder and without any duty to account therefor to the Banks.

Appears in 3 contracts

Samples: Credit Agreement (American General Hospitality Corp), Subordinate Unsecured Credit Agreement (American General Hospitality Corp), Senior Unsecured Credit Agreement (American General Hospitality Corp)

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Each Agent and Its Affiliates. With respect to its ----------------------------- Commitment, the Advances made by it and the Notes issued to it, each Agent shall have the same rights and powers under this Agreement as any other Bank and may exercise the same as though it were not an Agent. The term "Bank" or "Banks" shall, unless otherwise expressly indicated, include each Agent in its individual capacity. Each Agent and its Affiliates may accept deposits from, lend money to, act as trustee under indentures of, and generally engage in any kind of business with, the Borrower or any of its Subsidiaries, and any Person who may do business with or own securities of the Borrower or any such Subsidiary, all as if such Agent were not an Agent hereunder and without any duty to account therefor to the Banks.

Appears in 2 contracts

Samples: Senior Unsecured Credit Agreement (Lasalle Hotel Properties), Senior Unsecured Credit Agreement (Lasalle Hotel Properties)

Each Agent and Its Affiliates. With respect to its ----------------------------- Commitment, the Advances Credit Extensions made by it and the Notes Note issued to itit as a Bank, each Agent shall have the same rights and powers under this Agreement or the other Loan Documents as any other Bank and may exercise the same as though it were not an Agent. The term "Bank" or "Banks" shall, unless otherwise expressly indicated, include each Agent in its individual capacity. Each Agent and its Affiliates affiliates may accept deposits from, lend money to, act as trustee under indentures of, and generally engage in any kind of business withwith Borrower, the Borrower or any of its Subsidiaries, respective Subsidiaries and any Person who may do business with or own securities of the Borrower or Borrower, any such Subsidiaryof its respective Subsidiaries, all as if such Agent were not an Agent hereunder and without any duty to account therefor to the Banks.

Appears in 2 contracts

Samples: Term and Revolving Credit Agreement (Continental Resources Inc), Credit Agreement (Continental Resources Inc)

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Each Agent and Its Affiliates. With respect to its ----------------------------- Commitment, ----------------------------- the Advances made by it and the Notes issued to it, each Agent shall have the same rights and powers under this Agreement as any other Bank and may exercise the same as though it were not an Agent. The term "Bank" or "Banks" shall, unless otherwise expressly indicated, include each Agent in its individual capacity. Each Agent and its Affiliates may accept deposits from, lend money to, act as trustee under indentures of, and generally engage in any kind of business with, the Borrower or any of its Subsidiaries, and any Person who may do business with or own securities of the Borrower or any such Subsidiary, all as if such Agent were not an Agent hereunder and without any duty to account therefor to the Banks.

Appears in 1 contract

Samples: Credit Agreement (American General Hospitality Corp)

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