Common use of Administrative Agent and Lenders Clause in Contracts

Administrative Agent and Lenders. Each bank serving as an Agent hereunder shall have the same rights and powers in its capacity as a Lender as any other Lender and may exercise the same as though it were not an Agent, and such bank and its Affiliates may accept deposits from, lend money to and generally engage in any kind of business with the Borrower or any Subsidiary or other Affiliate thereof as if it were not an Agent hereunder.

Appears in 4 contracts

Samples: Credit Agreement (Legacy Reserves Lp), Credit Agreement (Legacy Reserves Lp), Credit Agreement (Legacy Reserves Inc.)

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Administrative Agent and Lenders. Each bank Person serving as an Agent hereunder shall shall, if applicable, have the same rights and powers in its capacity as a Lender as any other Lender and may exercise the same as though it were not an Agent, and such bank Person and its Affiliates may accept deposits from, lend money to and generally engage in any kind of business with the Borrower or any Subsidiary or other Affiliate thereof as if it were not an Agent hereunder.

Appears in 2 contracts

Samples: Term Loan Credit Agreement (Legacy Reserves Lp), Term Loan Credit Agreement (Legacy Reserves Inc.)

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Administrative Agent and Lenders. Each bank serving as an the Administrative Agent hereunder shall have the same rights and powers in its capacity as a Lender as any other Lender and may exercise the same as though it were not an Administrative Agent, and such bank and its Affiliates may accept deposits from, lend money to and generally engage in any kind of business with the Borrower or any Subsidiary or other Affiliate thereof as if it were not an Administrative Agent hereunder.

Appears in 1 contract

Samples: Credit Agreement (Legacy Reserves L P)

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