Common use of Issuing Bank in its Individual Capacity Clause in Contracts

Issuing Bank in its Individual Capacity. With respect to its --------------------------------------- commitments and the obligations owing to it, the Issuing Bank shall have the same rights and powers under this Agreement and each other Loan Document as any other Bank and may exercise the same as though it were not the Issuing Bank, and the term "Banks" and like terms shall include the Issuing Bank in its individual capacity as such. The Issuing Bank and its affiliates may, without liability to account to any Person, make loans to, accept deposits from, acquire debt or equity interests in, act as trustee under indentures of, act as agent under other credit facilities for, and engage in any other business with, any Account Party and any stockholder, subsidiary or affiliate of any Account Party, as though the Issuing Bank were not the Issuing Bank hereunder.

Appears in 1 contract

Samples: Reimbursement Agreement (Ace LTD)

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Issuing Bank in its Individual Capacity. With respect to its --------------------------------------- commitments commitment hereunder and the obligations Obligations owing to it, the Issuing Bank shall have the same rights and powers under this Agreement and each other Loan Transaction Document as any other Bank and may exercise the same as though it were not the Issuing Bank, and the term "Banks" and like terms shall include the Issuing Bank in its individual capacity as such. The Issuing Bank and its affiliates may, without liability to account to any Personaccount, make loans to, accept deposits from, acquire debt or equity interests in, act as trustee under indentures of, act as agent under other credit facilities for, and engage in any other business with, any Account Credit Party and any stockholder, subsidiary or affiliate of any Account Credit Party, as though the Issuing Bank were not the Issuing Bank hereunder.

Appears in 1 contract

Samples: Xl Capital LTD

Issuing Bank in its Individual Capacity. With respect to its --------------------------------------- commitments commitment hereunder and the obligations Obligations owing to it, the Issuing Bank shall have the same rights and powers under this Agreement and each other Loan Transaction Document as any other Bank and may exercise the same as though it were not the Issuing Bank, and the term terms "Banks," "holders of Notes" and like terms shall include the Issuing Bank in its individual capacity as such. The Issuing Bank and its affiliates may, without liability to account to any Personaccount, make loans to, accept deposits from, acquire debt or equity interests in, act as trustee under indentures of, act as agent under other credit facilities for, and engage in any other business with, any Account Credit Party and any stockholder, subsidiary or affiliate of any Account Credit Party, as though the Issuing Bank were not the Issuing Bank hereunder.

Appears in 1 contract

Samples: Xl Capital LTD

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Issuing Bank in its Individual Capacity. With respect to its --------------------------------------- commitments Commitments and the obligations Obligations owing to it, the Issuing Bank shall have the same rights and powers under this Agreement and each other Loan Transaction Document as any other Bank and may exercise the same as though it were not the Issuing Bank, and the term terms "Banks," "holders of Notes" and like terms shall include the Issuing Bank in its individual capacity as such. The Issuing Bank and its affiliates may, without liability to account to any Personaccount, make loans to, accept deposits from, acquire debt or equity interests in, act as trustee under indentures of, act as agent under other credit facilities for, and engage in any other business with, any Account Credit Party and any stockholder, subsidiary or affiliate of any Account Credit Party, as though the Issuing Bank were not the Issuing Bank hereunder.

Appears in 1 contract

Samples: Xl Capital LTD

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