Common use of Sharing Information With Affiliates of the Banks Clause in Contracts

Sharing Information With Affiliates of the Banks. Each Loan Party acknowledges that from time to time financial advisory, investment banking and other services may be offered or provided to the Borrower or one or more of its Affiliates (in connection with this Agreement or otherwise) by any Bank or by one or more Subsidiaries or Affiliates of such Bank and, notwithstanding the use restriction contained in the first sentence of Section 11.12.1, each of the Loan Parties hereby authorizes each Bank to share any information delivered to such Bank by such Loan Party and its Subsidiaries pursuant to this Agreement, or in connection with the decision of such Bank to enter into this Agreement, to any such Subsidiary or Affiliate of such Bank, it being understood that any such Subsidiary or affiliate of any Bank receiving such information shall be bound by the provisions of Section 11.12.1 as if it were a Bank hereunder. Such Authorization shall survive the repayment of the Loans and other Obligations and the termination of the Commitments.

Appears in 1 contract

Samples: Credit Agreement (Federated Investors Inc /Pa/)

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Sharing Information With Affiliates of the Banks. Each Loan Party Borrower acknowledges that from time to time financial advisory, investment banking and other services may be offered or provided to the Borrower Borrowers or one or more of its Affiliates (in connection with this Agreement or otherwise) by any Bank or by one or more Subsidiaries or Affiliates of such Bank and, notwithstanding the use restriction contained in the first sentence of Section 11.12.1, and each of the Loan Parties Borrowers hereby authorizes each Bank to share any information delivered to such Bank by such Loan Party Borrower and its Subsidiaries pursuant to this AgreementAgreement on a need-to-know basis, or in connection with the decision of such Bank to enter into this Agreement, to any such Subsidiary or Affiliate of such Bank, it being understood that any such Subsidiary or affiliate Affiliate of any Bank receiving such information shall be bound by the provisions of Section 11.12.1 10.12.1 as if it were a Bank hereunder; provided, however, that Agent shall not share any such information without the prior written consent of the Parent. Such Authorization authorization shall survive the repayment of the Loans and other Obligations and the termination of the Commitments.

Appears in 1 contract

Samples: Credit Agreement (U S Interactive Inc/Pa)

Sharing Information With Affiliates of the Banks. Each Loan Party The Borrower acknowledges that from time to time financial advisory, investment banking and other services may be offered or provided to the Borrower or one or more of its Affiliates (in connection with this Agreement or otherwise) by any Bank or by one or more Subsidiaries or Affiliates of such Bank and, notwithstanding and the use restriction contained in the first sentence Borrower (on its own behalf and on behalf of Section 11.12.1, each of the Loan Parties its Subsidiaries) hereby authorizes each Bank to share any information delivered to such Bank by such Loan Party the Borrower and its Subsidiaries pursuant to this Agreement, or in connection with the decision of such Bank to enter into this Agreement, to any such Subsidiary or Affiliate of such Bank, it being understood that any such Subsidiary or affiliate Affiliate of any Bank receiving such information shall be bound by the provisions of Section 11.12.1 10.12.1 [General] as if it were a Bank hereunder. Such Authorization authorization shall survive the repayment of the Loans and other Obligations and the termination of the Commitments.

Appears in 1 contract

Samples: Credit Agreement (Arch Coal Inc)

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Sharing Information With Affiliates of the Banks. Each Loan Party The Borrower acknowledges that from time to time financial advisory, investment banking and other services may be offered or provided to the Borrower or one or more of its Affiliates (in connection with this Agreement or otherwise) by any Bank or by one or more Subsidiaries or Affiliates of such Bank and, notwithstanding and the use restriction contained in the first sentence Borrower (on its own behalf and on behalf of Section 11.12.1, each of the Loan Parties its Subsidiaries) hereby authorizes each Bank to share any information delivered to such Bank by such Loan Party the Borrower and its Subsidiaries pursuant to this Agreement, or in connection with the decision of such Bank to enter into this Agreement, to any such Subsidiary or Affiliate of such Bank, it being understood that any such Subsidiary or affiliate of any Bank receiving such information shall be bound by the provisions of Section 11.12.1 10.12.1 as if it were a Bank hereunder. Such Authorization shall survive the repayment of the Loans and other Obligations and the termination of the Commitments.

Appears in 1 contract

Samples: Revolving Credit Facility (Arch Coal Inc)

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