Common use of Individual position of an Administrative Party Clause in Contracts

Individual position of an Administrative Party. (a) If it is also a Lender, each Administrative Party has the same rights and powers under the Finance Documents as any other Lender and may exercise those rights and powers as though it were not an Administrative Party.

Appears in 87 contracts

Samples: Facility Agreement (TTM Technologies Inc), Loan Facilities Agreement, Facility Agreement (TTM Technologies Inc)

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Individual position of an Administrative Party. (a) If it is also a Lender, each Administrative Party has the same rights and powers under the Finance Documents as any other Lender and may exercise those rights and powers in the same way as though any other Lender, notwithstanding that it were not may also be an Administrative Party.

Appears in 4 contracts

Samples: Credit Facility Agreement (MGM Resorts International), Credit Agreement (MGM Resorts International), Credit Agreement (MGM Resorts International)

Individual position of an Administrative Party. (a) 23.4.1 If it is also a Lender, each Administrative Party has the same rights and powers under the Finance Documents as any other Lender and may exercise those rights and powers as though it were not an Administrative Party.

Appears in 3 contracts

Samples: Agreement (PPL Energy Supply LLC), Amendment and Restatement Agreement (PPL Energy Supply LLC), Amendment and Restatement Agreement (PPL Energy Supply LLC)

Individual position of an Administrative Party. (a) If it is also a Lenderprovider of credit under any Authorised Credit Facility, each Administrative Party has the same rights and powers under the Finance Documents as any other Lender provider of financial accommodation and may exercise those rights and powers as though it were not an Administrative Party.

Appears in 2 contracts

Samples: Common Terms Agreement, Common Terms Agreement

Individual position of an Administrative Party. (a) If it is also a Lender, each Administrative Party has the same rights and powers under the Finance Documents as any other Lender and may exercise those rights and powers as though it were not an Administrative Party.. --------------------------------------------------------------------------------

Appears in 1 contract

Samples: Agreement (Enodis PLC)

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Individual position of an Administrative Party. (a) 21.4.1 If it is also a Lender, each Administrative Party has the same rights and powers under the Finance Documents as any other Lender and may exercise those rights and powers as though it were not an Administrative Party.

Appears in 1 contract

Samples: PPL Energy Supply LLC

Individual position of an Administrative Party. (a) 24.4.1 If it is also a Lender, each Administrative Party has the same rights and powers under the Finance Documents as any other Lender and may exercise those rights and powers as though it were not an Administrative Party.

Appears in 1 contract

Samples: Facilities Agreement (Royal Ahold)

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