Common use of GECC and Affiliates Clause in Contracts

GECC and Affiliates. With respect to any Commitments, any Advances made by it and any Notes issued to it, GECC shall have the same rights and powers under the Loan Documents as any other Lender and may exercise the same as though it were not an Agent; and the term “Lender” or “Lenders” shall, unless otherwise expressly indicated, include GECC in its individual capacity. GECC and its affiliates may accept deposits from, lend money to, act as trustee under indentures of, accept investment banking engagements from and generally engage in any kind of business with, any Loan Party, any of its Subsidiaries and any Person that may do business with or own securities of any Loan Party or any such Subsidiary, all as if GECC was not an Agent and without any duty to account therefor to the Lenders.

Appears in 3 contracts

Samples: Credit Agreement (Itc Deltacom Inc), Credit Agreement (Itc Deltacom Inc), Credit Agreement (Itc Deltacom Inc)

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GECC and Affiliates. With respect to any Commitments, any Advances made by it and any Notes issued to it, GECC shall have the same rights and powers under the Loan Documents as any other Lender Party and may exercise the same as though it were not an Agent; and the term “Lender” "Lender Party" or “Lenders” "Lender Parties" shall, unless otherwise expressly indicated, include GECC in its individual capacity. GECC and its affiliates may accept deposits from, lend money to, act as trustee under indentures of, accept investment banking engagements from and generally engage in any kind of business with, any Loan Party, any of its Subsidiaries and any Person that may do business with or own securities of any Loan Party or any such Subsidiary, all as if GECC was not an Agent and without any duty to account therefor to the LendersLender Parties.

Appears in 1 contract

Samples: Credit Agreement (Itc Deltacom Inc)

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