Common use of Rights of Agent as Bank; no partnership Clause in Contracts

Rights of Agent as Bank; no partnership. With respect to its own Commitment and Contribution (if any) the Agent shall have the same rights and powers under the Security Documents as any other Bank and may exercise the same as though it were not performing the duties and functions delegated to it under this Agreement and the term “Banks” shall, unless the context clearly otherwise indicates, include the Agent in its individual capacity as a Bank. This Agreement shall not and shall not be construed so as to constitute a partnership between the parties or any of them.

Appears in 17 contracts

Samples: Loan Agreement (Poseidon Containers Holdings Corp.), Loan Agreement (Euronav NV), Supplemental Agreement (Quintana Shipping Ltd.)

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Rights of Agent as Bank; no partnership. With respect to its own Commitment and Contribution (if any) the Agent shall have the same rights and powers under the Security Documents as any other Bank and may exercise the same as though it were not performing the duties and functions delegated to it under this Agreement and the term "Banks" shall, unless the context clearly otherwise indicates, include the Agent in its individual capacity as a Bank. This Agreement shall not and shall not be construed so as to constitute a partnership between the parties or any of them.

Appears in 7 contracts

Samples: Tenth Supplemental Agreement (Aegean Marine Petroleum Network Inc.), Corporations and Companies (Aegean Marine Petroleum Network Inc.), Agreement (Aegean Marine Petroleum Network Inc.)

Rights of Agent as Bank; no partnership. With respect to its own Commitment and Contribution participation (if any) to the Facilities the Agent shall have the same rights and powers under the Security Documents as any other Bank and may exercise the same as though it were not performing the duties and functions delegated to it under this Agreement and the term "Banks" shall, unless the context clearly otherwise indicates, include the Agent in its individual capacity as a Bank. This Agreement shall not and shall not be construed so as to constitute a partnership between the parties or any of them.

Appears in 2 contracts

Samples: Facility Agreement (Aegean Marine Petroleum Network Inc.), Agreement (Aegean Marine Petroleum Network Inc.)

Rights of Agent as Bank; no partnership. With respect to its own Commitment and Contribution (if any) the Agent shall have the same rights and powers under this Agreement and the Security Documents as any other Bank and may exercise the same as though it were not performing the duties and functions delegated to it under this Agreement and/or the Intercreditor Agreement and the term “Banks” BANKS shall, unless the context clearly otherwise indicates, include includes the Agent in its individual capacity as a Bank. This Agreement shall not and shall not be construed so as to constitute a partnership between the parties or any of them.

Appears in 1 contract

Samples: Agreement (Premier Foods PLC)

Rights of Agent as Bank; no partnership. With respect to its own Commitment and Contribution (if any) the Agent shall have the same rights and powers under the Security Documents this Agreement as any other Bank and may exercise the same as though it were not performing the duties and functions delegated to it under this Agreement and the term “Banks” shall, unless the context clearly otherwise indicates, include the Agent in its individual capacity as a Bank. This Agreement shall not and shall not be construed so as to constitute a partnership between the parties or any of them."

Appears in 1 contract

Samples: Agreement (Lsi Logic Corp)

Rights of Agent as Bank; no partnership. With respect to its own Commitment and Contribution (if any) the Agent shall have the same rights and powers under the Security Documents as any other Bank and may exercise the same as though it were not performing the duties and functions delegated to it under this Agreement and the term “Banks” shall, unless the context clearly otherwise indicates, include the Agent in its individual capacity as a Bank and the Swap Provider in its individual capacity as a Bank. This Agreement shall not and shall not be construed so as to constitute a partnership between the parties or any of them.

Appears in 1 contract

Samples: Agreement (FreeSeas Inc.)

Rights of Agent as Bank; no partnership. With respect to its own Commitment Commitments and Contribution Contributions (if any) the each Agent shall have the same rights and powers under this Agreement and the Security Facility Documents as any other Bank and may exercise the same as though it were not performing the duties and functions delegated to it under this Agreement and/or the Facility Documents and the term “Banks” shall, unless the context clearly otherwise indicates, include each of the Bank Agent and the Bank Trustee in its their respective individual capacity in each case as a Bank. This Agreement shall not and shall not be construed so as to constitute a partnership between the parties or any of them.

Appears in 1 contract

Samples: Agreement (QGOG Constellation S.A.)

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Rights of Agent as Bank; no partnership. With respect to its own Commitment and Contribution (if any) the Agent shall have the same rights and powers under the Security Documents as any other Bank and may exercise the same as though it were not performing the duties and functions delegated to it under this Agreement and the term "Banks" shall, unless the context clearly otherwise indicates, include the Agent in its individual capacity as a Bank. Bank This Agreement shall not and shall not be construed so as to constitute a partnership between the parties or any of them.

Appears in 1 contract

Samples: Agreement (Seanergy Maritime Holdings Corp.)

Rights of Agent as Bank; no partnership. With respect to its own Commitment and Contribution (if any) the Agent shall have the same rights and powers under the Security Documents as any other Bank and may exercise the same as though it were not performing the duties and functions delegated to it under this Agreement and the term “Banks” shall, unless the context clearly otherwise indicates, include the Agent in its individual capacity as a Bank. This Agreement shall not and shall not be construed so as to constitute a partnership between the parties or any of them.Agreement

Appears in 1 contract

Samples: Loan Agreement (Diana Shipping Inc.)

Rights of Agent as Bank; no partnership. With respect to its own Commitment and Contribution (if any) the Agent shall have the same rights and powers under the Security Documents as any other Bank and may exercise the same as though it were not performing the duties and functions delegated to it under this Agreement and the term “Banks” shall, unless the context clearly otherwise indicates, include the Agent in its individual capacity as a Bank. Bank This Agreement shall not and shall not be construed so as to constitute a partnership between the parties or any of them.

Appears in 1 contract

Samples: Seanergy Maritime Holdings Corp.

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