Bank Party definition
Examples of Bank Party in a sentence
In the ordinary course of business, any Bank Party may provide investment banking and other financial services to, and/or acquire, hold or sell, for its own accounts and the accounts of customers, equity, debt and other securities and financial instruments (including bank loans and other obligations) of, the Borrower and other companies with which the Borrower may have commercial or other relationships.
No Bank Party will use confidential information obtained from the Borrower by virtue of the transactions contemplated by the Loan Documents or its other relationships with the Borrower in connection with the performance by such Bank Party of services for other companies, and no Bank Party will furnish any such information to other companies.
The Borrower further acknowledges and agrees, and acknowledges its Subsidiaries’ understanding, that each Bank Party, together with its Affiliates, in addition to providing or participating in commercial lending facilities such as that provided hereunder, is a full service securities or banking firm engaged in securities trading and brokerage activities as well as providing investment banking and other financial services.
The Borrower also acknowledges that no Bank Party has any obligation to use in connection with the transactions contemplated by the Loan Documents, or to furnish to the Borrower, confidential information obtained from other companies.
In addition, the Borrower acknowledges and agrees, and acknowledges its Subsidiaries’ understanding, that each Bank Party and its affiliates may be providing debt financing, equity capital or other services (including financial advisory services) to other companies in respect of which the Borrower may have conflicting interests regarding the transactions described herein and otherwise.