Common use of Rights of the Agents Clause in Contracts

Rights of the Agents. It is understood and agreed that each of the Agents shall have the same duties, rights and powers as a Lender hereunder (including the right to give such instructions) as any of 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 any Credit Party or Affiliate thereof, as though it were not an Agent under this Credit Agreement and the other Fundamental Documents.

Appears in 2 contracts

Samples: Credit Agreement (Oneida LTD), Credit, Security, Guaranty and Pledge Agreement (Genesis Healthcare Corp)

AutoNDA by SimpleDocs

Rights of the Agents. It is understood and agreed that each of the Agents shall have the same duties, rights and powers as a Lender hereunder (including the right to give such instructions) as any of 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 any Credit Party or Affiliate thereof, as though it were not an the Administrative Agent or the Documentation Agent (as applicable) or the Issuing Bank under this Credit Agreement and the other Fundamental Documents.

Appears in 1 contract

Samples: Credit Agreement (Ventas Inc)

Rights of the Agents. It is understood and agreed that each of the Agents shall have the same duties, rights and powers as a Lender hereunder (including the right to give such instructions) as any of 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 any Credit Party or Affiliate thereof, as though it were not an the Administrative Agent, the Collateral Agent or the Collateral Monitoring Agent (as applicable) or the Issuing Bank under this Credit Agreement and the other Fundamental Documents.

Appears in 1 contract

Samples: Credit, Security, Guaranty and Pledge Agreement (Genesis Health Ventures Inc /Pa)

AutoNDA by SimpleDocs

Rights of the Agents. It is understood and agreed that each of the Agents and the Issuing Bank shall have the same duties, rights and powers as a Lender hereunder (including the right to give such instructions) as any of 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 any Credit Party or Affiliate thereof, as though it were not an the Administrative Agent, the Collateral Agent or the Issuing Bank (as applicable) under this Credit Agreement and the other Fundamental Documents.

Appears in 1 contract

Samples: Credit, Security, Guaranty and Pledge Agreement (Guilford Mills Inc)

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