Common use of Rights of Agents Clause in Contracts

Rights of Agents. It is understood and agreed that FRF shall have the same rights and powers hereunder (including the right to give such 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 Borrowers, as though it were not the Administrative Agent or the Collateral Agent, respectively, of the Lenders under this Agreement.

Appears in 3 contracts

Samples: Credit Agreement (Jo-Ann Stores Inc), Credit Agreement (Petsmart Inc), Credit Agreement (Petsmart Inc)

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Rights of Agents. It is understood and agreed that FRF shall have the same rights and powers hereunder (including the right to give such 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 BorrowersBorrower or any other Loan Party, as though it were not the Administrative Agent or the Collateral Agent, respectively, of the Lenders under this Agreement.

Appears in 1 contract

Samples: Debtor in Possession Credit Agreement (Lamonts Apparel Inc)

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