Common use of Rights of Agents Clause in Contracts

Rights of Agents. Each institution serving as an Agent hereunder shall have the same rights and powers in its capacity as a Lender as any other Lender and may exercise the same as though it were not an Agent, and such bank and its respective Affiliates may accept deposits from, lend money to, act in any advisor capacity, and generally engage in any kind of business with the Borrower, Parent or any Subsidiary or other Affiliate of Parent as if it were not an Agent hereunder and without any duty to account therefor to the Lenders.

Appears in 10 contracts

Samples: Credit and Guaranty Agreement (American Airlines, Inc.), Credit and Guaranty Agreement (American Airlines, Inc.), Credit and Guaranty Agreement (American Airlines, Inc.)

AutoNDA by SimpleDocs

Rights of Agents. Each institution serving as an Agent hereunder shall have the same rights and powers in its capacity as a Lender as any other Lender and may exercise the same as though it were not an Agent, and such bank and its respective Affiliates may accept deposits from, lend money to, act in any advisor capacity, to and generally engage in any kind of business with the Borrower, Parent Borrower or any Subsidiary or other Affiliate of Parent thereof as if it were not an Agent hereunder and without any duty to account therefor to the Lendershereunder.

Appears in 8 contracts

Samples: Loan and Guaranty Agreement (Delphi Corp), Loan and Guaranty Agreement (Delphi Corp), Loan and Guaranty Agreement (Delphi Corp)

Rights of Agents. Each Any institution serving as an Administrative Agent hereunder shall have the same rights and powers in its capacity as a Lender as any other Lender and may exercise the same as though it were not an Agent, and such bank and its respective Affiliates may accept deposits from, lend money to, act in any advisor capacity, to and generally engage in any kind of business with the Borrower, Parent Borrower or any Subsidiary or other Affiliate of Parent the Borrower as if it were not an Agent hereunder and without any duty to account therefor to the Lendershereunder.

Appears in 3 contracts

Samples: Credit and Guaranty Agreement (Spirit Airlines, Inc.), Credit and Guaranty Agreement (Spirit Airlines, Inc.), Credit and Guaranty Agreement (Spirit Airlines, Inc.)

Rights of Agents. Each Any institution serving as an the Agent hereunder shall have the same rights and powers in its capacity as a Lender as any other Lender and may exercise the same as though it were not an Agent, and such bank institution and its respective Affiliates may accept deposits from, lend money to, act in any advisor capacity, to and generally engage in any kind of business with the Borrower, Parent Loan Parties or any Subsidiary or other Affiliate of Parent the Loan Parties as if it were not an Agent hereunder and without any duty to account therefor to the Lenders.hereunder. 130

Appears in 1 contract

Samples: Credit Agreement (Latam Airlines Group S.A.)

Rights of Agents. Each Any institution serving as an the Agent hereunder shall have the same rights and powers in its capacity as a Lender as any other Lender and may exercise the same as though it were not an Agent, and such bank institution and its respective Affiliates may accept deposits from, 130 lend money to, act in any advisor capacity, to and generally engage in any kind of business with the Borrower, Parent Loan Parties or any Subsidiary or other Affiliate of Parent the Loan Parties as if it were not an Agent hereunder and without any duty to account therefor to the Lendershereunder.

Appears in 1 contract

Samples: Credit Agreement (Latam Airlines Group S.A.)

AutoNDA by SimpleDocs

Rights of Agents. Each Any institution serving as an Agent hereunder shall have the same rights and powers in its capacity as a Lender as any other Lender and may exercise the same as though it were not an Agent, and such bank institution and its respective Affiliates may accept deposits from, lend money to, act in any advisor capacity, to and generally engage in any kind of business with the Borrower, Parent Loan Parties or any Subsidiary or other Affiliate of Parent the Loan Parties as if it were not an Agent hereunder and without any duty to account therefor to the Lendershereunder.

Appears in 1 contract

Samples: Credit Agreement (Wheels Up Experience Inc.)

Rights of Agents. Each institution serving as an Agent hereunder shall have the same rights and powers in its capacity as a Lender as any other Lender and may exercise the same as though it were not an Agent, and such bank and its respective Affiliates may accept deposits from, lend money to, act in any advisor capacity, and generally engage in any kind 117 of business with the Borrower, Parent or any Subsidiary or other Affiliate of Parent as if it were not an Agent hereunder and without any duty to account therefor to the Lenders.

Appears in 1 contract

Samples: Aircraft Security Agreement (American Airlines, Inc.)

Rights of Agents. Each Any institution serving as an Agent hereunder shall have the same rights and powers in its capacity as a Lender as any other Lender and may exercise the same as though it were not an Agent, and such bank institution and its respective Affiliates may accept deposits from, lend money to, act in any advisor capacity, to and generally engage in any kind of business with the Borrower, Parent Loan Parties or any Subsidiary or other Affiliate of Parent the Loan Parties as if it were not an Agent hereunder and without any duty to account therefor to the Lenders.hereunder. 101

Appears in 1 contract

Samples: Credit Agreement (Wheels Up Experience Inc.)

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