Common use of Rights of Agent Clause in Contracts

Rights of Agent. It is understood and agreed that the Agent shall have the same rights and powers as a Lender hereunder (including the right to give any instructions hereunder) as 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, as though it were not the Agent of the Lenders under this Agreement.

Appears in 6 contracts

Samples: Loan and Security Agreement (Belrose Capital Fund LLC), Loan and Security Agreement (Belport Capital Fund LLC), Loan and Security Agreement (Belmar Capital Fund LLC)

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Rights of Agent. It is understood and agreed that the Agent shall have the same rights and powers as a Lender hereunder under this Agreement (including the right to give any instructions hereundersuch instructions) as 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 BorrowerBorrowers or any of their respective Subsidiaries, as though it were not the Agent of the Lenders under this Agreement.

Appears in 1 contract

Samples: Debtor in Possession Credit Agreement (Nutramax Products Inc /De/)

Rights of Agent. It is understood and agreed that the Agent shall have the same rights rights, powers and powers as a Lender obligations hereunder (including the right to give any instructions hereundersuch instructions) as the other Lenders 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 other transactions with the BorrowerBorrower or any other Company, as though it were not the Agent of the Lenders under this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Frozen Food Express Industries Inc)

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Rights of Agent. It is understood and agreed that the Agent shall have the same duties, rights and powers as a Lender hereunder (including the right to give any instructions hereundersuch instructions) as 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 a party, and engage in other transactions with the Borrowerany Credit Party, as though it were not the Agent of for Lenders or the Lenders Issuing Bank under this AgreementAgreement and the other Fundamental Documents.

Appears in 1 contract

Samples: Credit, Security and Guaranty Agreement (Actava Group Inc)

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