Common use of Rights of Agents Clause in Contracts

Rights of Agents. It is understood and agreed that Bank of America 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. Without limiting the foregoing, the Agents and their Affiliates may accept deposits from, lend money to, and generally engage in any kind of commercial or investment banking, trust, advisory or other business with the Borrowers and their Subsidiaries and Affiliates as if it were not the Agent hereunder.

Appears in 5 contracts

Samples: Credit Agreement (Genesco Inc), Assignment and Assumption (Genesco Inc), Credit Agreement (Genesco Inc)

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Rights of Agents. It is understood and agreed that Bank of America 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, as though it were not the Administrative Agent or the Collateral Agent, respectively, Agent of the Lenders under this Agreement. Without limiting the foregoing, the The Agents and their Affiliates affiliates may accept deposits from, lend money to, and generally engage in any kind of commercial or investment banking, trust, advisory or other business with the Borrowers Borrower and their Subsidiaries and its Affiliates as if it were not the Agent hereunder.

Appears in 1 contract

Samples: Credit Agreement (American Color Graphics Inc)

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Rights of Agents. It is understood and agreed that Bank of America 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 Borrowersany Borrower, as though it they were not the Administrative Agent or the Collateral Agent, respectively, of the Lenders under this Agreement. Without limiting the foregoing, the The Agents and their Affiliates affiliates may accept deposits from, lend money to, and generally engage in any kind of commercial or investment banking, trust, advisory or other business with the Borrowers Loan Parties and their Subsidiaries and Affiliates as if it were not the Agent hereunder.

Appears in 1 contract

Samples: Credit Agreement (Wet Seal Inc)

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