Common use of Affiliate Activities Clause in Contracts

Affiliate Activities. The Borrower acknowledge that the Administrative Agent, the Collateral Agent and each Lead Arranger (and each of their respective Affiliates) is a full service securities firm engaged, either directly or through affiliates, in various activities, including securities trading, investment banking and financial advisory, investment management, principal investment, hedging, financing and brokerage activities and financial planning and benefits counseling for both companies and individuals. In the ordinary course of these activities, it may make or hold a broad array of investments and actively trade debt and equity securities (or related derivative securities) and/or financial instruments (including bank loans) for its own account and for the accounts of its customers and may at any time hold long and short positions in such securities and/or instruments. Such investment and other activities may involve securities and instruments of the Borrower and their respective affiliates, as well as of other entities and persons and their Affiliates which may (i) be involved in transactions arising from or relating to the engagement contemplated hereby and by the other Credit Documents (ii) be customers or competitors of the Borrower and their respective Affiliates, or (iii) have other relationships with the Borrower and their respective Affiliates. In addition, it may provide investment banking, underwriting and financial advisory services to such other entities and persons. It may also co-invest with, make direct investments in, and invest or co-invest client monies in or with funds or other investment vehicles managed by other parties, and such funds or other investment vehicles may trade or make investments in securities of the Borrower and their respective Affiliates or such other entities. The transactions contemplated hereby and by the other Credit Documents may have a direct or indirect impact on the investments, securities or instruments referred to in this paragraph.

Affiliate Activities. The Each of the Borrower and Holdings acknowledge that the Administrative Agent, the Collateral each Agent and each Lead Arranger (and each of their respective Affiliates) is a full service securities firm engaged, either directly or through affiliates, in various activities, including securities trading, investment banking and financial advisory, investment management, principal investment, hedging, financing and brokerage 190 Syniverse Credit Agreement activities and financial planning and benefits counseling for both companies and individuals. In the ordinary course of these activities, it may make or hold a broad array of investments and actively trade debt and equity securities (or related derivative securities) and/or financial instruments (including bank loans) for its own account and for the accounts of its customers and may at any time hold long and short positions in such securities and/or instruments. Such investment and other activities may involve securities and instruments of the Borrower Borrower, Holdings and their respective affiliates, as well as of other entities and persons and their Affiliates which may (i) be involved in transactions arising from or relating to the engagement contemplated hereby and by the other Credit Documents Loan documents (ii) be customers or competitors of the Borrower Borrower, Holdings and their respective Affiliates, or (iii) have other relationships with the Borrower Borrower, Holdings and their respective Affiliates. In addition, it may provide investment banking, underwriting and financial advisory services to such other entities and persons. It may also co-invest with, make direct investments in, and invest or co-invest client monies in or with funds or other investment vehicles managed by other parties, and such funds or other investment vehicles may trade or make investments in securities of the Borrower Borrower, Holdings and their respective Affiliates or such other entities. The transactions contemplated hereby and by the other Credit Loan Documents may have a direct or indirect impact on the investments, securities or instruments referred to in this paragraphSection 10.20.

Affiliate Activities. The Borrower acknowledge and each other Loan Party acknowledges that the Administrative Agent, the Collateral Agent and each Joint Lead Arranger (and each of their respective Affiliates) is a full service securities firm engaged, either directly or through affiliates, in various activities, including securities trading, investment banking and financial advisory, investment management, principal investment, hedging, financing and brokerage activities and financial planning and benefits counseling for both companies and individuals. In the ordinary course of these activities, it may make or hold a broad array of investments and actively trade debt and equity securities (or related derivative securities) and/or financial instruments (including bank loans) for its own account and for the accounts of its customers and may at any time hold long and short positions in such securities and/or instruments. Such investment and other activities may involve securities and instruments of the Borrower Borrower, the other Loan Parties and their respective affiliates, as well as of other entities and persons and their Affiliates which may (i) be involved in transactions arising from or relating to the engagement contemplated hereby and by the other Credit Loan Documents (ii) be customers or competitors of the Borrower Borrower, the other Loan Parties and their respective Affiliates, or (iii) have other relationships with the Borrower Borrower, the other Loan Parties and their respective Affiliates. In addition, it may provide investment banking, underwriting and financial advisory services to such other entities and persons. It may also co-invest with, make direct investments in, and invest or co-invest client monies in or with funds or other investment vehicles managed by other parties, and such funds or other investment vehicles may trade or make investments in securities of the Borrower Borrower, the other Loan Parties and their respective Affiliates or such other entities. The transactions contemplated hereby and by the other Credit Loan Documents may have a direct or indirect impact on the investments, securities or instruments referred to in this paragraph.

Affiliate Activities. The Borrower and Holdings acknowledge that the Administrative Agent, the Collateral each Agent and each Lead Arranger (and each of their respective Affiliates) is a full service securities firm engaged, either directly or through affiliates, 0000-0000-0000 178 in various activities, including securities trading, investment banking and financial advisory, investment management, principal investment, hedging, financing and brokerage activities and financial planning and benefits counseling for both companies and individuals. In the ordinary course of these activities, it any of them may make or hold a broad array of investments and actively trade debt and equity securities (or related derivative securities) and/or financial instruments (including bank loans) for its their own account and for the accounts of its customers and may at any time hold long and short positions in such securities and/or instruments. Such investment and other activities may involve securities and instruments of the Borrower Holdings and their respective affiliatesits Affiliates, as well as of other entities and persons and their Affiliates which may (i) be involved in transactions arising from or relating to the engagement contemplated hereby and by the other Credit Documents Loan Documents, (ii) be customers or competitors of the Borrower Holdings and their respective Affiliates, its Affiliates or (iii) have other relationships with the Borrower Holdings and their respective its Affiliates. In addition, it may provide investment banking, underwriting and financial advisory services to such other entities and persons. It may also co-invest with, make direct investments in, and invest or co-co- invest client monies in or with funds or other investment vehicles managed by other parties, and such funds or other investment vehicles may trade or make investments in securities of the Borrower Holdings and their respective its Affiliates or such other entities. The transactions contemplated hereby and by the other Credit Loan Documents may have a direct or indirect impact on the investments, securities or instruments referred to in this paragraphclause.

Affiliate Activities. The Borrower acknowledge and each other Loan Party acknowledges that the Administrative Agent, the Collateral Agent and each Joint Lead Arranger (and each of their respective Affiliates) is a full service securities firm engaged, either directly or through affiliates, in various activities, including securities trading, investment banking and financial advisory, investment management, principal investment, hedging, financing and brokerage activities and financial planning and benefits counseling for both companies and individuals. In the ordinary course of these activities, it may make or hold a broad array of investments and actively trade debt and equity securities (or related derivative securities) and/or financial instruments (including bank loans) for its own account and for the accounts of its customers and may at any time hold long and short positions in such securities and/or instruments. Such investment and other activities may involve securities and instruments of the Borrower Borrower, the other Loan Parties and their respective affiliates, as well as of other entities and persons and their Affiliates which may (i) be involved in transactions arising from or relating to the engagement contemplated hereby and by the other Credit Documents Loan Documents, (ii) be customers or competitors of the Borrower Borrower, the other Loan Parties and their respective Affiliates, or (iii) have other relationships with the Borrower Borrower, the other Loan Parties and their respective Affiliates. In addition, it may provide investment banking, underwriting and financial advisory services to such other entities and persons. It may also co-invest with, make direct investments in, and invest or co-invest client monies in or with funds or other investment vehicles managed by other parties, and such funds or other investment vehicles may trade or make investments in securities of the Borrower Borrower, the other Loan Parties and their respective Affiliates or such other entities. The transactions contemplated hereby and by the other Credit Loan Documents may have a direct or indirect impact on the investments, securities or instruments referred to in this paragraph.

Affiliate Activities. The Each of the Borrower acknowledge and Holdings acknowledges that the Administrative Agent, the Collateral each Agent and each Lead Arranger (and each of their respective Affiliates) is a full service securities firm engaged, either directly or through affiliates, in various activities, including securities trading, investment banking and financial advisory, investment management, principal investment, hedging, financing and brokerage activities and financial planning and benefits counseling for both companies and individuals. In the ordinary course of these activities, it any of them may make or hold a broad array of investments and actively trade debt and equity securities (or related derivative securities) and/or financial instruments (including bank loans) for its their own account and for the accounts of its customers and may at any time hold long and short positions in such securities and/or instruments. Such investment and other activities may involve securities and instruments of the Borrower Holdings and their respective affiliatesits Affiliates, as well as of other entities and persons and their Affiliates which may (i) be involved in transactions arising from or relating to the engagement contemplated hereby and by the other Credit Documents Loan Documents, (ii) be customers or competitors of the Borrower Holdings and their respective Affiliates, its Affiliates or (iii) have other relationships with the Borrower Holdings and their respective its Affiliates. In addition, it may provide investment banking, underwriting and financial advisory services to such other entities and persons. It may also co-invest with, make direct investments in, and invest or co-invest client monies in or with funds or other investment vehicles managed by other parties, and such funds or other investment vehicles may trade or make investments in securities of the Borrower Holdings and their respective its Affiliates or such other entities. The transactions contemplated hereby and by the other Credit Loan Documents may have a direct or indirect impact on the investments, securities or instruments referred to in this paragraph.clause. Section 10.21

Affiliate Activities. The Each of the Borrower acknowledge and Parent acknowledges that the Administrative each Agent, the Collateral Agent Arrangers and each Lead Arranger Lender (and each of their respective Affiliates) is a full service securities firm engaged, either directly or through affiliates, in various activities, including securities trading, investment banking and financial advisory, investment management, principal investment, hedging, financing and brokerage activities and financial planning and benefits counseling for both companies and individuals. In the ordinary course of these activities, it any of them may make or hold a broad array of investments and actively trade debt and equity securities (or related derivative securities) and/or financial instruments (including bank loans) for its their own account and for the accounts of its customers and may at any time hold long and short positions in such securities and/or instruments. Such investment and other activities may involve securities and instruments of the Borrower Parent and their respective affiliatesits Affiliates, as well as of other entities and persons and their Affiliates which may (i) be involved in transactions arising from or relating to the engagement transactions contemplated hereby and by the other Credit Documents Loan documents, (ii) be customers or competitors of the Borrower Parent and their respective Affiliates, its Affiliates or (iii) have other relationships with the Borrower Parent and their respective its Affiliates. In addition, it may provide investment banking, underwriting and financial advisory services to such other entities and persons. It may also co-invest with, make direct investments in, and invest or co-invest client monies in or with funds or other investment vehicles managed by other parties, and such funds or other investment vehicles may trade or make investments in securities of the Borrower Parent and their respective its Affiliates or such other entities. The transactions contemplated hereby and by the other Credit Loan Documents may have a direct or indirect impact on the investments, securities or instruments referred to in this paragraph.Section 10.21. 162

Affiliate Activities. The Borrower and Parent acknowledge that the Administrative Agent, the Collateral each Agent and each Lead Arranger (and each of their respective Affiliates) ), in addition to providing or participating in commercial lending facilities such as that provided hereunder, is a full service securities firm engaged, either directly or through affiliatesAffiliates, in various activities, including securities trading, investment banking and financial advisory, investment management, principal investment, hedging, financing and brokerage activities and financial planning and benefits counseling for both companies and individuals. In the ordinary course of these activities, it any of them may make or hold a broad array of investments and actively trade debt and equity securities (or related derivative securities) and/or financial instruments (including bank loans) for its their own account and for the accounts of its customers and may at any time hold long and short positions in such securities and/or instruments. Such investment and other activities may involve securities and instruments of the Borrower Parent and their respective affiliatesits Affiliates, as well as of other entities and persons and their Affiliates which may (i) be involved in transactions arising from or relating to the engagement 207 contemplated hereby and by the other Credit Documents Loan Documents, (ii) be customers or competitors of the Borrower Parent and their respective Affiliates, its Affiliates or (iii) have other relationships with the Borrower Parent and their respective its Affiliates. In addition, it may provide investment banking, underwriting and financial advisory services to such other entities and persons. It may also co-invest with, make direct investments in, and invest or co-invest client monies in or with funds or other investment vehicles managed by other parties, and such funds or other investment vehicles may trade or make investments in securities of the Borrower Parent and their respective its Affiliates or such other entities. The transactions contemplated hereby and by the other Credit Loan Documents may have a direct or indirect impact on the investments, securities or instruments referred to in this paragraphclause.

Affiliate Activities. The Each of the Borrower acknowledge and Parent acknowledges that the Administrative each Agent, the Collateral Agent Arrangers and each Lead Arranger Lender (and each of their respective Affiliates) is a full service securities firm engaged, either directly or through affiliates, in various activities, including securities trading, investment banking and financial advisory, investment management, principal investment, hedging, financing and brokerage activities and financial planning and benefits counseling for both companies and individuals. In the ordinary course of these activities, it any of them may make or hold a broad array of investments and actively trade debt and equity securities (or related derivative securities) and/or financial instruments (including bank loans) for its their own account and for the accounts of its customers and may at any time hold long and short positions in such securities and/or instruments. Such investment and other activities may involve securities and instruments of the Borrower Parent and their respective affiliatesits Affiliates, as well as of other entities and persons and their Affiliates which may (i) be involved in transactions arising from or relating to the engagement transactions contemplated hereby and by the other Credit Documents Loan documents, (ii) be customers or competitors of the Borrower Parent and their respective Affiliates, its Affiliates or (iii) have other relationships with the Borrower Parent and their respective its Affiliates. In addition, it may provide investment banking, underwriting and financial advisory services to such other entities and persons. It may also co-invest with, make direct investments in, and invest or co-invest client monies in or with funds or other investment vehicles managed by other parties, and such funds or other investment vehicles may trade or make investments in securities of the Borrower Parent and their respective its Affiliates or such other entities. The transactions contemplated hereby and by the other Credit Loan Documents may have a direct or indirect impact on the investments, securities or instruments referred to in this paragraph.Section 10.21. 178

Affiliate Activities. The Borrower Borrower, the Parent and Holdings acknowledge that the Administrative Agent, the Collateral each Agent and each the Lead Arranger (and each of their respective Affiliates) is a full full-service securities firm engaged, either directly or through affiliates, in various activities, including securities trading, investment banking and financial advisory, investment management, principal investment, hedging, financing and brokerage activities and financial planning and benefits counseling for both companies and individuals. In the ordinary course of these activities, it any of them may make or hold a broad array of investments and actively trade debt and equity securities (or related derivative securities) and/or financial instruments (including bank loans) for its their own account and for the accounts of its customers and may at any time hold long and short positions in such securities and/or instruments. Such investment and other activities may involve securities and instruments of the Borrower Parent and their respective affiliatesits Affiliates, as well as of other entities and persons and their Affiliates which may (i) be involved in transactions arising from or relating to the engagement contemplated hereby and by the other Credit Documents Loan Documents, (ii) be customers or competitors of the Borrower Parent and their respective Affiliates, its Affiliates or (iii) have other relationships with the Borrower Parent and their respective its Affiliates. In addition, it may provide investment banking, underwriting and financial advisory services to such other entities and persons. It may also co-co- invest with, make direct investments in, and invest or co-invest client monies in or with funds or other investment vehicles managed by other parties, and such funds or other investment vehicles may trade or make investments in securities of the Borrower Parent and their respective its Affiliates or such other entities. The transactions contemplated hereby and by the other Credit Loan Documents may have a direct or indirect impact on the investments, securities or instruments referred to in this paragraph.clause. 191

Affiliate Activities. The Each of the Borrower acknowledge and Holdings acknowledges that the Administrative Agent, the Collateral each Agent and each Lead Arranger (and each of their respective Affiliates) is a full service securities firm engaged, either directly or through affiliates, in various activities, including securities trading, investment banking and financial advisory, investment management, principal investment, hedging, financing and brokerage 185 activities and financial planning and benefits counseling for both companies and individuals. In the ordinary course of these activities, it may make or hold a broad array of investments and actively trade debt and equity securities (or related derivative securities) and/or financial instruments (including bank loans) for its own account and for the accounts of its customers and may at any time hold long and short positions in such securities and/or instruments. Such investment and other activities may involve securities and instruments of the Borrower Borrower, Holdings and their respective affiliatesAffiliates, as well as of other entities and persons Persons and their Affiliates which may (i) be involved in transactions arising from or relating to the engagement contemplated hereby and by the other Credit Documents Loan Documents, (ii) be customers or competitors of the Borrower Borrower, Holdings and their respective Affiliates, or (iii) have other relationships with the Borrower Borrower, Holdings and their respective Affiliates. In addition, it may provide investment banking, underwriting and financial advisory services to such other entities and personsPersons. It may also co-invest with, make direct investments in, and invest or co-invest client monies in or with funds or other investment vehicles managed by other parties, and such funds or other investment vehicles may trade or make investments in securities of the Borrower Borrower, Holdings and their respective Affiliates or such other entities. The transactions contemplated hereby and by the other Credit Loan Documents may have a direct or indirect impact on the investments, securities or instruments referred to in this paragraph.

Affiliate Activities. The Borrower acknowledge that the Administrative Agent, the Collateral Agent and each Lead Arranger (and each of their respective Affiliates) is a full service securities firm engaged, either directly or through affiliates, in various activities, including securities trading, investment banking and financial advisory, investment management, principal investment, hedging, financing and brokerage activities and financial planning and benefits counseling for both companies and individuals. In the ordinary course of these activities, it may make or hold a broad array of investments and actively trade debt and equity securities (or related derivative securities) and/or financial instruments (including bank loans) for its own account and for the accounts of its customers and may at any time hold long and short positions in such securities and/or instruments. Such investment and other activities may involve securities and instruments of the Borrower and their respective affiliates, as well as of other entities and persons and their Affiliates which may (i) be involved in transactions arising from or relating to the engagement contemplated hereby and by the other Credit Documents (ii) be customers or competitors of the Borrower and their respective Affiliates, or (iii) have other relationships with the Borrower and their respective Affiliates. In addition, it may provide investment banking, underwriting and financial advisory services to such other entities and persons. It may also co-invest with, make direct investments in, and invest or co-invest client monies in or with funds or other investment vehicles managed by other parties, and such funds or other investment vehicles may trade or make investments in securities of the Borrower and their respective Affiliates or such other entities. The transactions contemplated hereby and by the other Credit Documents may have a direct or indirect impact on the investments, securities or instruments referred to in this paragraph.. Section 19.06

Affiliate Activities. The Each of the Borrower acknowledge and Parent acknowledges that the Administrative each Agent, the Collateral Agent Arrangers and each Lead Arranger Lender (and each of their respective Affiliates) is a full service securities firm engaged, either directly or through affiliates, in various activities, including securities trading, investment banking and financial advisory, investment management, principal investment, hedging, financing and brokerage activities and financial planning and benefits counseling for both companies and individuals. In the ordinary course of these activities, it any of them may make or hold a broad array of investments and actively trade debt and equity securities (or related derivative securities) and/or financial instruments (including bank loans) for its their own account and for the accounts of its customers and may at any time hold long and short positions in such securities and/or instruments. Such investment and other activities may involve securities and instruments of the Borrower Parent and their respective affiliatesits Affiliates, as well as of other entities and persons and their Affiliates which may (i) be involved in transactions arising from or relating to the engagement transactions contemplated hereby and by the other Credit Documents Loan Documents, (ii) be customers or competitors of the Borrower Parent and their respective Affiliates, its Affiliates or (iii) have other relationships with the Borrower Parent and their respective its Affiliates. In addition, it may provide investment banking, underwriting and financial advisory services to such other entities and persons. It may also co-invest with, make direct investments in, and invest or co-invest client monies in or with funds or other investment vehicles managed by other parties, and such funds or other investment vehicles may trade or make investments in securities of the Borrower Parent and their respective its Affiliates or such other entities. The transactions contemplated hereby and by the other Credit Loan Documents may have a direct or indirect impact on the investments, securities or instruments referred to in this paragraph.Section 10.21. 147

Affiliate Activities. The Borrower and Parent acknowledge that the Administrative Agent, the Collateral each Agent and each Lead Arranger (and each of their respective Affiliates) ), in addition to providing or participating in commercial lending facilities such as that provided hereunder, is a full service securities firm engaged, either directly or through affiliatesAffiliates, in various activities, including securities trading, investment banking and financial advisory, investment management, principal investment, hedging, financing and brokerage activities and financial planning and benefits counseling for both companies and individuals. In the ordinary course of these activities, it any of them may make or hold a broad array of investments and actively trade debt and equity securities (or related derivative securities) and/or financial instruments (including bank loans) for its their own account and for the accounts of its customers and may at any time hold long and short positions in such securities and/or instruments. Such investment and other activities may involve securities and instruments of the Borrower Parent and their respective affiliatesits Affiliates, as well as of other entities and persons and their Affiliates which may (i) be involved in transactions arising from or relating to the engagement contemplated hereby and by the other Credit Documents Loan Documents, (ii) be customers or competitors of the Borrower Parent and their respective Affiliates, its Affiliates or (iii) have other relationships with the Borrower Parent and their respective its Affiliates. In addition, it may provide investment banking, underwriting and financial advisory services to such other entities and persons. It may also co-invest with, make direct investments in, and invest or co-invest client monies in or with funds or other investment vehicles managed by other parties, and such funds or other investment vehicles may trade or make investments in securities of the Borrower Parent and their respective its Affiliates or such other entities. The transactions contemplated hereby and by the other Credit Loan Documents may have a direct or indirect impact on the investments, securities or instruments referred to in this paragraphclause.”