Common use of Rights of an Agent as Lender Clause in Contracts

Rights of an Agent as Lender. With respect to its Commitment and its Participation, and to Bankers’ Acceptances and Letters of Credit, an Agent shall have the same rights and powers under this Agreement and any Bankers’ Acceptances as any other Lender, and it may exercise such rights and powers as though it were not performing the duties and functions delegated to it as an Agent hereunder, and the term “Lender” or any other similar term shall, unless the context otherwise requires, include any Agent in its capacity as a Lender.

Appears in 3 contracts

Samples: Credit Agreement (Firstservice Corp), Credit Agreement (Firstservice Corp), Fourth Amended (Firstservice Corp)

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Rights of an Agent as Lender. With respect to its Commitment and its Participation, and to Bankers' Acceptances and Letters of Credit, an Agent shall have the same rights and powers under this Agreement and any Bankers' Acceptances as any other Lender, and it may exercise such rights and powers as though it were not performing the duties and functions delegated to it as an Agent hereunder, and the term "Lender" or any other similar term shall, unless the context otherwise requires, include any Agent in its capacity as a Lender.

Appears in 2 contracts

Samples: Credit Agreement (Firstservice Corp), Credit Agreement (Firstservice Corp)

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