Common use of Rights of Administrative Agent and Collateral Agent Clause in Contracts

Rights of Administrative Agent and Collateral Agent. Any institution serving as the Administrative Agent and the Collateral Agent hereunder shall have the same rights and powers in their respective capacities as Lenders as any other Lender and may exercise the same as though it were not an Administrative Agent or Collateral Agent, and such bank and its respective Affiliates may accept deposits from, lend money to and generally engage in any kind of business with the Borrower or any Subsidiary or other Affiliate thereof as if it were not an Administrative Agent or Collateral Agent hereunder.

Appears in 4 contracts

Samples: Term Loan and Guaranty Agreement (Delta Air Lines Inc /De/), Intercreditor Agreement (Delta Air Lines Inc /De/), First Lien Security Agreement (Delta Air Lines Inc /De/)

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Rights of Administrative Agent and Collateral Agent. Any institution serving as the Administrative Agent and or the Collateral Agent hereunder shall have the same rights and powers in their respective capacities as Lenders a Lender as any other Lender and may exercise the same as though it were not an Administrative Agent or Collateral Agent, Agent and such bank and its respective Affiliates may accept deposits from, lend money to and generally engage in any kind of business with the Borrower or any Subsidiary or other Affiliate thereof as if it were not an Administrative Agent or Collateral Agent hereunder.

Appears in 3 contracts

Samples: Credit Agreement (Delta Air Lines, Inc.), Credit Agreement (Delta Air Lines, Inc.), Credit Agreement (Delta Air Lines, Inc.)

Rights of Administrative Agent and Collateral Agent. Any institution serving as the It is understood and agreed that Administrative Agent and the Collateral Agent hereunder shall each have the same rights, powers and obligations hereunder (including the right to give such instructions) as the other Banks and may exercise such rights and powers, as well as its rights and powers under other agreements and instruments to which it is or may be party, and engage in their respective capacities as Lenders as other transactions with Borrower or any other Lender and may exercise the same Company, as though it were not an the Administrative Agent or Collateral Agent, and such bank and its respective Affiliates may accept deposits from, lend money to and generally engage in any kind of business with the Borrower or any Subsidiary or other Affiliate thereof as if it were not an Administrative Agent or Collateral Agent hereunderunder this Agreement.

Appears in 3 contracts

Samples: Credit Agreement (Frozen Food Express Industries Inc), Credit Agreement (Frozen Food Express Industries Inc), Credit Agreement (Frozen Food Express Industries Inc)

Rights of Administrative Agent and Collateral Agent. Any institution serving as the Administrative Agent and the Collateral Agent hereunder shall have the same rights and powers in their respective capacities as Lenders as any other Lender and may exercise the same as though it were not an Administrative Agent or Collateral Agent, and such bank and its respective Affiliates may accept deposits from, lend money to and generally engage in any kind of business with the Borrower or any Subsidiary or other Affiliate thereof as if it were not an Administrative Agent or Collateral Agent hereunder. SECTION 8.03.

Appears in 1 contract

Samples: Loan and Guaranty Agreement

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Rights of Administrative Agent and Collateral Agent. Any institution serving as the Administrative Agent and or the Collateral Agent hereunder shall have the same rights and powers in their its capacitytheir respective capacities as Lenders a Lender as any other Lender and may exercise the same as though it were not an Administrative Agent Agent, or Collateral Agent, Agent and such bank and its respective Affiliates may accept deposits from, lend money to and generally engage in any kind of business with the Borrower or any Subsidiary or other Affiliate thereof as if it were not an Administrative Agent or Collateral Agent hereunder.

Appears in 1 contract

Samples: Credit Agreement (Delta Air Lines, Inc.)

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