Common use of the Bank and the Clause in Contracts

the Bank and the. Borrower hereby agree and declare that the benefit of this clause 18 shall extend to and may be enforced by any officer, employee, agent or business associate of the Bank against whom the Borrower brings a claim in connection howsoever with (i) any of the Security Documents or any assets subject thereto or (ii) any action of any kind whatsoever taken by, or on behalf of or for the purported benefit of the Bank pursuant thereto, or which, if it were brought against the Bank, would fall within the material scope of clause 18. 1. In those circumstances this clause 18 shall be read and construed as if references to the Bank were references to such officer, employee, agent or business associate, as the case may be.

Appears in 2 contracts

Samples: Facility Agreement (Navios Maritime Holdings Inc.), Facility Agreement (Navios Maritime Holdings Inc.)

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the Bank and the. Borrower Borrowers hereby agree and declare that the benefit of this clause 18 19 shall extend to and may be enforced by any officer, employee, agent or business associate of the Bank against whom the any Borrower brings a claim in connection howsoever with (i) any of the Security Documents or any assets subject thereto or (ii) any action of any kind whatsoever taken by, or on behalf of or for the purported benefit of the Bank pursuant thereto, or which, if it were brought against the Bank, would fall within the material scope of clause 1819. 1. In those circumstances this clause 18 19 shall be read and construed as if references to the Bank were references to such officer, employee, agent or business associate, as the case may be.

Appears in 1 contract

Samples: Facility Agreement (Navios Maritime Holdings Inc.)

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the Bank and the. Borrower Borrowers hereby agree and declare that the benefit of this clause 18 19 shall extend to and may be enforced by any officer, employee, agent or business associate of the Bank against whom the Borrower either Borrowers brings a claim in connection howsoever with (i) any of the Security Documents or any assets subject thereto or (ii) any action of any kind whatsoever taken by, or on behalf of or for the purported benefit of the Bank pursuant thereto, or which, if it were brought against the Bank, would fall within the material scope of clause 1819. 1. In those circumstances this clause 18 19 shall be read and construed as if references to the Bank were references to such officer, employee, agent or business associate, as the case may be.

Appears in 1 contract

Samples: Facility Agreement

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