Common use of Rights as a Bank Clause in Contracts

Rights as a Bank. If the Administrative Agent is a Bank, the Administrative Agent shall have the same rights and powers hereunder and under any other Loan Document with respect to its Commitment and its Loans as any Bank and may exercise the same as though it were not the Administrative Agent, and the term “Bank” or “Banks” shall, at any time when the Administrative Agent is a Bank, unless the context otherwise indicates, include the Administrative Agent in its individual capacity. The Administrative Agent and its Affiliates may accept deposits from, lend money to, and generally engage in any kind of trust, debt, equity or other transaction, in addition to those contemplated by this Agreement or any other Loan Document, with the Company or any of its Affiliates in which the Company or such Affiliates is not restricted hereby from engaging with any other Person. The Administrative Agent, in its individual capacity, is not obligated to remain a Bank.

Appears in 5 contracts

Samples: Credit Agreement (Mdu Resources Group Inc), Credit Agreement (Mdu Resources Group Inc), Credit Agreement (Mdu Resources Group Inc)

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Rights as a Bank. If In the event Administrative Agent is a Bank, the Administrative Agent shall have the same rights and powers hereunder and under any other Loan Document Paper with respect to its Commitment and its Revolving Loans as any Bank and may exercise the same as though it were not the Administrative Agent, and the term "Bank" or "Banks" shall, at any time when the Administrative Agent is a Bank, unless the context otherwise indicates, include the Administrative Agent in its individual capacity. The Administrative Agent and its Affiliates may accept deposits from, lend money to, and generally engage in any kind of trust, debt, equity or other transaction, in addition to those contemplated by this Agreement or any other Loan DocumentPaper, with the Company Borrower or any of its Affiliates Subsidiaries in which the Company Borrower or such Affiliates Subsidiary is not restricted hereby from engaging with any other Person. The Administrative Agent, in its individual capacity, is not obligated to remain a Bank.

Appears in 5 contracts

Samples: Credit Agreement (Quest Resource Corp), Credit Agreement (Denbury Resources Inc), Credit Agreement (Alliant Energy Corp)

Rights as a Bank. If In the event Administrative Agent is a Bank, the Administrative Agent shall have the same rights and powers hereunder and under any other Loan Document Paper with respect to its Commitment and its Revolving Loans as any Bank and may exercise the same as though it were not the Administrative Agent, and the term “Bank” or “Banks” shall, at any time when the Administrative Agent is a Bank, unless the context otherwise indicates, include the Administrative Agent in its individual capacity. The Administrative Agent and its Affiliates may accept deposits from, lend money to, and generally engage in any kind of trust, debt, equity or other transaction, in addition to those contemplated by this Agreement or any other Loan DocumentPaper, with the Company WPC, Borrower or any of its Affiliates their Subsidiaries in which the Company WPC, Borrower or such Affiliates Subsidiary is not restricted hereby from engaging with any other Person. The Administrative Agent, in its individual capacity, is not obligated to remain a Bank.

Appears in 3 contracts

Samples: Credit Agreement (Whiting Petroleum Corp), Credit Agreement (Whiting Petroleum Corp), Credit Agreement (Whiting Petroleum Corp)

Rights as a Bank. If In the event Administrative Agent is a Bank, the Administrative Agent shall have the same rights and powers hereunder and under any other Loan Document Paper with respect to its Commitment and its Revolving Loans as any Bank and may exercise the same as though it were not the Administrative Agent, and the term “Bank” or “Banks” shall, at any time when the Administrative Agent is a Bank, unless the context otherwise indicates, include the Administrative Agent in its individual capacity. The Administrative Agent and its Affiliates may accept deposits from, lend money to, and generally engage in any kind of trust, debt, equity or other transaction, in addition to those contemplated by this Agreement or any other Loan DocumentPaper, with the Company Borrower or any of its Affiliates Subsidiaries in which the Company Borrower or such Affiliates Subsidiary is not restricted hereby from engaging with any other Person. The Administrative Agent, in its individual capacity, is not obligated to remain a Bank.

Appears in 3 contracts

Samples: Credit Agreement (Par Petroleum Corp/Co), Credit Agreement (Denbury Resources Inc), Credit Agreement (Delta Petroleum Corp/Co)

Rights as a Bank. If In the event Administrative Agent is a Bank, the Administrative Agent shall have the same rights and powers hereunder and under any other Loan Document Paper with respect to its Commitment and its Revolving Loans as any Bank and may exercise the same as though it were not the Administrative Agent, and the term "Bank" or "Banks" shall, at any time when the Administrative Agent is a Bank, unless the context otherwise indicates, include the Administrative Agent in its individual capacity. The Administrative Agent and its Affiliates may accept deposits from, lend money to, and generally engage in any kind of trust, debt, equity or other transaction, in addition to those contemplated by this Agreement or any other Loan DocumentPaper, with the Company Parent, Borrower or any of its Affiliates their Subsidiaries in which the Company Parent, Borrower or such Affiliates Subsidiary is not restricted hereby from engaging with any other Person. The Administrative Agent, in its individual capacity, is not obligated to remain a Bank.

Appears in 2 contracts

Samples: Credit Agreement (Denbury Resources Inc), Credit Agreement (Denbury Resources Inc)

Rights as a Bank. If In the event the Administrative Agent is a Bank, the Administrative Agent shall have the same rights and powers hereunder and under any other Loan Document with respect to its Commitment and its Loans as any Bank and may exercise the same as though it were not the Administrative Agent, and the term “Bank” or “Banks” shall, at any time when the Administrative Agent is a Bank, unless the context otherwise indicates, include the Administrative Agent in its individual capacity. The Administrative Agent and its Affiliates affiliates may accept deposits from, lend money to, and generally engage in any kind of trust, debt, equity or other transaction, in addition to those contemplated by this Agreement or any other Loan DocumentAgreement, with the Company Borrower or any of its Affiliates Subsidiaries in which the Company Borrower or such Affiliates Subsidiary is not restricted hereby from engaging with any other Person. The Administrative Agent, in its individual capacity, is not obligated to remain a Bank.

Appears in 1 contract

Samples: Credit Agreement (Bemis Co Inc)

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Rights as a Bank. If the Administrative Agent is a Bank, the Administrative Agent shall have the same rights and powers hereunder and under any other Loan Document with respect to its Commitment and its Loans Loan as any Bank and may exercise the same as though it were not the Administrative Agent, and the term “Bank” or “Banks” shall, at any time when the Administrative Agent is a Bank, unless the context otherwise indicates, include the Administrative Agent in its individual capacity. The Administrative Agent and its Affiliates may accept deposits from, lend money to, and generally engage in any kind of trust, debt, equity or other transaction, in addition to those contemplated by this Agreement or any other Loan Document, with the Company any Loan Party or any of its respective Affiliates in which the Company any Loan Party or such Affiliates Affiliate is not restricted hereby from engaging with any other Person. The Administrative Agent, in its individual capacity, is not obligated to remain a Bank.

Appears in 1 contract

Samples: Term Loan Agreement (Mdu Resources Group Inc)

Rights as a Bank. If In the event Administrative Agent is a Bank, the Administrative Agent shall have the same rights and powers hereunder and under any other Loan Document Paper with respect to its Commitment and its Loans as any Bank and may exercise the same as though it were not the Administrative Agent, and the term “Bank” or “Banks” shall, at any time when the Administrative Agent is a Bank, unless the context otherwise indicates, include the Administrative Agent in its individual capacity. The Administrative Agent and its Affiliates may accept deposits from, lend money to, and generally engage in any kind of trust, debt, equity or other transaction, in addition to those contemplated by this Agreement or any other Loan DocumentPaper, with the Company Borrower or any of its Affiliates Subsidiaries in which the Company Borrower or such Affiliates Subsidiary is not restricted hereby from engaging with any other Person. The Administrative Agent, in its individual capacity, is not obligated to remain a Bank.

Appears in 1 contract

Samples: Credit Agreement (Patina Oil & Gas Corp)

Rights as a Bank. If In the event Administrative Agent is a Bank, the Administrative Agent shall have the same rights and powers hereunder and under any other Loan Document Paper with respect to its Commitment and its Revolving Loans as any Bank and may exercise the same as though it were not the Administrative Agent, and the term “Bank” or “Banks” shall, at any time when the Administrative Agent is a Bank, unless the context otherwise indicates, include the Administrative Agent in its individual capacity. The Administrative Agent and its Affiliates may accept deposits from, lend money to, and generally engage in any kind of trust, debt, equity or other transaction, in addition to those contemplated by this Agreement or any other Loan DocumentPaper, with the Company Parent, Borrower or any of its Affiliates their Subsidiaries in which the Company Parent, Borrower or such Affiliates Subsidiary is not restricted hereby from engaging with any other Person. The Administrative Agent, in its individual capacity, is not obligated to remain a Bank.

Appears in 1 contract

Samples: Credit Agreement (Denbury Resources Inc)

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