Common use of Relations with Borrower Clause in Contracts

Relations with Borrower. Except for the transactions provided for in this Agreement, each Lender may deal with the Borrower and each other Loan Party in all transactions and generally do any banking business with or provide any financial services to the Borrower and each other Loan Party without having any liability to account to the other Lenders therefor. Where any Lender is the Agent, with respect to such Lender's Commitment and Lender's Proportion, such Lender shall have the same rights and powers under this Agreement as any other Lender and may exercise the same as though it were not the Agent.

Appears in 3 contracts

Samples: Credit Agreement (PENGROWTH ENERGY Corp), Credit Agreement (PENGROWTH ENERGY Corp), Credit Agreement (PENGROWTH ENERGY Corp)

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Relations with Borrower. Except for the transactions provided for in this Agreement, each Lender may deal with the Borrower and each other Loan Party in all transactions and generally do any banking business with or provide any financial services to the Borrower and each other Loan Party without having any liability to account to the other Lenders therefor. Where any Lender is the Agent, with respect to such Lender's ’s Commitment and Lender's ’s Proportion, such Lender shall have the same rights and powers under this Agreement as any other Lender and may exercise the same as though it were not the Agent.

Appears in 3 contracts

Samples: Credit Agreement (Pengrowth Energy Trust), Credit Agreement (Pengrowth Energy Trust), Credit Agreement (Pengrowth Energy Trust)

Relations with Borrower. Except for the transactions provided for in this Agreement, each Lender may deal with the Borrower and each other Loan Party in all transactions and generally do any banking business with or provide any financial services to the Borrower and each other Loan Party without having any liability to account to the other Lenders therefor. Where any Lender is With respect to the Agent, with respect to such Lender's Commitment and Lender's ProportionPro-Rata Share with respect thereto, such Lender the Agent shall have the same rights and powers under this Agreement as any other Lender and may exercise the same as though it were not the Agent.

Appears in 1 contract

Samples: Credit Agreement (Prima Energy Corp)

Relations with Borrower. Except for the transactions provided for in this Agreement, each Secured Lender may deal with the Borrower and each any other Loan Party in all transactions and generally do any banking business with or provide any financial services to the Borrower and each any other Loan Party without having any liability to account to the other Secured Lenders therefor. Where any Secured Lender is the Agent, with respect to such Lender's its Commitment and Lender's ’s Proportion, such Lender shall have the same rights and powers under this Agreement as any other Lender and may exercise the same as though it were not the Agent.

Appears in 1 contract

Samples: Credit Agreement (Precision Diversified Oilfield Services Corp.)

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Relations with Borrower. Except for the transactions provided for in this Agreement, each Secured Lender may deal with the Borrower and each any other Loan Party in all transactions and generally do any banking business with or provide any financial services to the Borrower and each any other Loan Party without having any liability to account to the other Secured Lenders therefor. Where any Secured Lender is the Agent, with respect to such Lender's its Commitment and Lender's Proportion, such Lender shall have the same rights and powers under this Agreement as any other Lender and may exercise the same as though it were not the Agent.

Appears in 1 contract

Samples: Credit Agreement (PRECISION DRILLING Corp)

Relations with Borrower. Except for the transactions provided for in this Agreement, each Secured Lender may deal with the Borrower and each any other Loan Party in all transactions and generally do any banking business with or provide any financial services to the Borrower and each any other Loan Party without having any liability to account to the other Secured Lenders therefor. Where any Secured Lender is the Agent, with respect to such Lender's its Commitment and LenderXxxxxx's Proportion, such Lender shall have the same rights and powers under this Agreement as any other Lender and may exercise the same as though it were not the Agent.

Appears in 1 contract

Samples: Credit Agreement (PRECISION DRILLING Corp)

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