Common use of Rights of Administrative Agent Clause in Contracts

Rights of Administrative Agent. It is understood and agreed that the Administrative Agent shall have the same duties, rights and powers as a Lender hereunder (including the right to give such instructions) as any of the other Lenders 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 other transactions with the Borrower or any Affiliate thereof, as though it were not the Administrative Agent of the Lenders under this Credit Agreement and the other Fundamental Documents.

Appears in 1 contract

Samples: Credit Agreement (RHI Entertainment, Inc.)

AutoNDA by SimpleDocs

Rights of Administrative Agent. It is understood and ------------------------------ agreed that the Administrative Agent shall have the same duties, rights and powers as a Lender hereunder (including the right to give such instructions) as any of the other Lenders 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 other transactions with the Borrower or any Affiliate thereofCredit Party, as though it were not the Administrative Agent of the Lenders or the Fronting Bank under this Credit Agreement and the other Fundamental DocumentsAgreement.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Artisan Entertainment Inc)

Rights of Administrative Agent. It is understood and agreed that the Administrative Agent shall have the same duties, rights and powers as a Lender hereunder (including the right to give such instructions) as any of the other Lenders 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 other transactions with the Borrower or any Affiliate thereofBorrower, as though it were not the Administrative Agent of the Lenders under this Credit Agreement and the other Fundamental DocumentsAgreement.

Appears in 1 contract

Samples: Revolving Credit and Guaranty Agreement (Hayes Lemmerz International Inc)

Rights of Administrative Agent. It is understood and agreed that the Administrative Agent shall have the same duties, rights and powers as a Lender hereunder (including the right to give such instructions) as any of the other Lenders 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 other transactions with any member of the Borrower Credit Group or any Affiliate thereof, as though it were not the Administrative Agent of the Lenders under this Credit Agreement and the other Fundamental Documents.

Appears in 1 contract

Samples: Credit Agreement (Idt Corp)

Rights of Administrative Agent. It is understood and agreed that the Administrative Agent shall have the same duties, rights and powers as a Lender hereunder (including the right to give such instructions) as any of the other Lenders 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 other transactions with the Borrower any Credit Party or any Affiliate thereof, as though it were not the Administrative Agent of the Lenders or the Issuing Bank under this Credit Agreement and the other Fundamental Documents.

Appears in 1 contract

Samples: Credit Agreement (Harvey Entertainment Co)

AutoNDA by SimpleDocs

Rights of Administrative Agent. It is understood and agreed that each of the Administrative Agent and the Syndication Agent shall have the same duties, rights and powers as a Lender hereunder (including the right to give such instructions) as any of the other Lenders 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 other transactions with the Borrower any Credit Party or any Affiliate thereof, as though it were not the Administrative Agent or the Syndication Agent, as applicable, of the Lenders under this Credit Agreement and the other Fundamental Documents.

Appears in 1 contract

Samples: Credit Agreement (Lions Gate Entertainment Corp /Cn/)

Rights of Administrative Agent. It is understood and agreed ------------------------------ that the Administrative Agent Chase shall have the same duties, rights and powers as a Lender hereunder (including the right to give such instructions) as any of the other Lenders 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 other transactions with the any Borrower or any Affiliate thereof, as though it were not the Administrative Agent of the Lenders under this Credit Agreement and the other Fundamental DocumentsAgreement.

Appears in 1 contract

Samples: Revolving Credit, Term Loan and Guaranty Agreement (Federal Mogul Corp)

Rights of Administrative Agent. It is understood and agreed that the Administrative Agent shall have the same duties, rights and powers as a Lender hereunder (including the right to give such instructions) as any of the other Lenders 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 other transactions with the Borrower or any Affiliate thereofCredit Party, as though it were not the Administrative Agent of the Lenders or the Fronting Bank under this Credit Agreement and the other Fundamental DocumentsAgreement.

Appears in 1 contract

Samples: Credit, Security, Guaranty and Pledge Agreement (Trimark Holdings Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!