Common use of Rights as Bank Clause in Contracts

Rights as Bank. With respect to its Commitment and the Loans made by it, NationsBank (and any successor acting as Administrative Agent) in its capacity as a Bank hereunder shall have the same rights and powers hereunder as any other Bank and may exercise the same as though it were not acting as Administrative Agent, and the term "Bank" or "Banks" shall, unless the context otherwise indicates, include Administrative Agent in its individual capacity. NationsBank (and any successor acting as Administrative Agent), each other Agent and their Affiliates may (without having to account therefor to any Bank) accept deposits from, lend money to, make investments in, provide services to, and generally engage in any kind of lending, trust, or other business with any Credit Party or Affiliates as if it were not acting as Agent, and NationsBank (and any successor acting as Administrative Agent), each other Agent and their Affiliates may accept fees and other consideration from any Credit Party or Affiliates for services in connection with this Agreement or otherwise without having to account for the same to Banks.

Appears in 3 contracts

Samples: Credit Agreement (Encore Acquisition Co), Credit Agreement (Exco Resources Inc), Credit Agreement (Venus Exploration Inc)

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Rights as Bank. With respect to its Commitment and the Loans made by it, NationsBank (and any successor acting as Administrative Agent) in its capacity as a Bank hereunder shall have the same rights and powers hereunder as any other Bank and may exercise the same as though it were not acting as Administrative the Agent, and the term "Bank" or "Banks" shall, unless the context otherwise indicates, include Administrative the Agent in its individual capacity. NationsBank (and any successor acting as Administrative Agent), each other Agent ) and their Affiliates its affiliates may (without having to account therefor to any Bank) Bank accept deposits from, lend money to, make investments in, provide services to, and generally engage in any kind of lending, trust, or other business with the Parent or any Credit Party of its Subsidiaries or Affiliates as if it were not acting as Agent, and NationsBank (and any successor acting as Administrative Agent), each other Agent ) and their Affiliates its affiliates may accept fees and other consideration from the Parent or any Credit Party of its Subsidiaries or Affiliates for services in connection with this Agreement or otherwise without having to account for the same to the Banks.

Appears in 1 contract

Samples: Term Credit Agreement (Mens Wearhouse Inc)

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Rights as Bank. With respect to its Commitment and the Loans made by it, NationsBank Fleet (and any successor acting as Administrative Agent) in its capacity as a Bank hereunder shall have the same rights and powers hereunder as any other Bank and may exercise the same as though it were not acting as Administrative Agent, and the term "Bank" or "Banks" shall, unless the context otherwise indicates, include Administrative Agent in its individual capacity. NationsBank Fleet (and any successor acting as Administrative Agent), each other Agent and their Affiliates may (without having to account therefor to any Bank) accept deposits from, lend money to, make investments in, provide services to, and generally engage in any kind of lending, trust, or other business with any Credit Party or Affiliates as if it were not acting as Agent, and NationsBank Fleet (and any successor acting as Administrative Agent), each other Agent and their Affiliates may accept fees and other consideration from any Credit Party or Affiliates for services in connection with this Agreement or otherwise without having to account for the same to Banks.

Appears in 1 contract

Samples: Credit Agreement (Encore Acquisition Co)

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