Common use of Wachovia and Affiliates Clause in Contracts

Wachovia and Affiliates. With respect to its LC Commitment Amounts, and the Advances, Wachovia shall have the same rights and powers under the Loan Documents as any other Bank and may exercise the same as though it were not an Agent; and the term "Bank" or "Banks" shall, unless otherwise expressly indicated, include Wachovia in its individual capacity. Wachovia and its affiliates may accept deposits from, lend money to, act as trustee under indentures of, accept investment banking engagements from and generally engage in any kind of business with, any Loan Party, any of its Subsidiaries and any Person that may do business with or own securities of any Loan Party or any such Subsidiary, all as if Wachovia were not an Agent and without any duty to account therefor to the Banks.

Appears in 4 contracts

Samples: Reimbursement Agreement (Ace LTD), Reimbursement Agreement (Ace LTD), Reimbursement Agreement (Ace LTD)

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Wachovia and Affiliates. With respect to its LC Commitment Amounts, L/C Commitments and the Letter of Credit Advances, Wachovia shall have the same rights and powers under the Loan Credit Documents as any other Bank Lender and may exercise the same as though it were not an Agent; and the term "BankLender" or "BanksLenders" shall, unless otherwise expressly indicated, include Wachovia in its individual capacity. Wachovia and its affiliates may accept deposits from, lend money to, act as trustee under indentures of, accept investment banking engagements from and generally engage in any kind of business with, any Loan Credit Party, any of its Subsidiaries and any Person that may do business with or own securities of any Loan Credit Party or any such Subsidiary, all as if Wachovia were not an Agent and without any duty to account therefor to the BanksLenders.

Appears in 2 contracts

Samples: Reimbursement Agreement (Renaissancere Holdings LTD), Reimbursement Agreement (Renaissancere Holdings LTD)

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Wachovia and Affiliates. With respect to its LC Commitment Amounts, L/C Commitments and the Letter of Credit Advances, Wachovia shall have the same rights and powers under the Loan Credit Documents as any other Bank Lender and may exercise the same as though it were not an Agent; and the term "Bank" “Lender” or "Banks" “Lenders” shall, unless otherwise expressly indicated, include Wachovia in its individual capacity. Wachovia and its affiliates may accept deposits from, lend money to, act as trustee under indentures of, accept investment banking engagements from and generally engage in any kind of business with, any Loan Credit Party, any of its Subsidiaries and any Person that may do business with or own securities of any Loan Credit Party or any such Subsidiary, all as if Wachovia were not an Agent and without any duty to account therefor to the BanksLenders.

Appears in 1 contract

Samples: Reimbursement Agreement (Renaissancere Holdings LTD)

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