Common use of Agent Entitled to Act as Lender Clause in Contracts

Agent Entitled to Act as Lender. The agency hereby created shall in no way impair or affect any of the rights and powers of, or impose any duties or obligations upon, Fleet National Bank in its individual capacity as a Lender hereunder. With respect to its participation in the Loans and the Commitment, Fleet National Bank shall have the same rights and powers hereunder as any other Lender and may exercise the same as though it were not performing the duties and functions delegated to it hereunder, and the term "Lender" or "Lenders" or any similar term shall, unless the context clearly otherwise indicates, include Fleet National Bank in its individual capacity. The Agent and its affiliates may accept deposits from, lend money to and generally engage in any kind of banking, trust, financial advisory or other business with the Borrower, any of the Stockholders, or any Affiliate or Subsidiary as if it were not performing the duties specified herein, and may accept fees and other consideration from the Borrower and/or any of such other Persons for services in connection with this Agreement and otherwise without having to account for the same to Lenders.

Appears in 3 contracts

Sources: Loan Agreement (Broadway & Seymour Inc), Loan Agreement (Conley Canitano & Associates Inc), Loan Agreement (Conley Canitano & Associates Inc)

Agent Entitled to Act as Lender. The agency hereby created shall in no way impair or affect any of the rights and powers of, or impose any duties or obligations upon, Fleet National Bank in its individual capacity as a Lender hereunder. With respect to its participation in the Loans and the Revolving Credit Loan Commitment, Fleet National Bank shall have the same rights and powers hereunder as any other Lender and may exercise the same as though it were not performing the duties and functions delegated to it hereunder, and the term "Lender" or "Lenders" or any similar term shall, unless the context clearly otherwise indicates, include Fleet National Bank in its individual capacity. The Agent and its affiliates may accept deposits from, lend money to and generally engage in any kind of banking, trust, financial advisory or other business with the Borrower, any of the Stockholders, or any Affiliate or Subsidiary as if it were not performing the duties specified herein, and may accept fees and other consideration from the Borrower and/or any of such other Persons for services in connection with this Agreement and otherwise without having to account for the same to Lenders.

Appears in 1 contract

Sources: Loan Agreement (Convergent Group Corp)

Agent Entitled to Act as Lender. The agency hereby ------------- ------------------------------- created shall in no way impair or affect any of the rights and powers of, or impose any duties or obligations upon, Fleet National Bank in its individual capacity as a Lender hereunder. With respect to its participation in the Loans and the Commitment, Fleet National Bank shall have the same rights and powers hereunder as any other Lender and may exercise the same as though it were not performing the duties and functions delegated to it hereunder, and the term "Lender" or "Lenders" or any similar term shall, unless the context clearly otherwise indicates, include Fleet National Bank in its individual capacity. The Agent and its affiliates may accept deposits from, lend money to and generally engage in any kind of banking, trust, financial advisory or other business with the Borrower, any of the StockholdersMembers, or any Affiliate or Subsidiary as if it were not performing the duties specified herein, and may accept fees and other consideration from the Borrower and/or any of such other Persons for services in connection with this Agreement and otherwise without having to account for the same to Lenders.

Appears in 1 contract

Sources: Loan Agreement (Somera Communications Inc)

Agent Entitled to Act as Lender. The agency hereby ------------- - ----------------------------- created shall in no way impair or affect any of the rights and powers of, or impose any duties or obligations upon, Fleet National Bank in its individual capacity as a Lender hereunder. With respect to its participation in the Loans and the Commitment, Fleet National Bank shall have the same rights and powers hereunder as any other Lender and may exercise the same as though it were not performing the duties and functions delegated to it hereunder, and the term "Lender" or "Lenders" or any similar term shall, unless the context clearly otherwise indicates, include Fleet National Bank in its individual capacity. The Agent and its affiliates may accept deposits from, lend money to and generally engage in any kind of banking, trust, financial advisory or other business with the Borrower, any of the Stockholders, or any Affiliate or Subsidiary as if it were not performing the duties specified herein, and may accept fees and other consideration from the Borrower and/or any of such other Persons for services in connection with this Agreement and otherwise without having to account for the same to Lenders.

Appears in 1 contract

Sources: Loan Agreement (Boron Lepore & Associates Inc)