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, Agent in its individual capacity as a Lender hereunder. With respect to its participation in the Loans, Agent 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 Agent in its individual capacity. 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 Company or any of its Affiliates as if it were not performing the duties specified herein, and may accept fees and other consideration from Company and its subsidiaries for services in connection with this Amended Loan Agreement and otherwise without having to account for the same to Lenders. Without limiting the generality of the foregoing, Agent in its individual capacity as a Lender hereunder shall be entitled to meet separately with any other Lender or Lenders and shall have no obligation to disclose such discussions to any Lenders not a party thereto.

Appears in 1 contract

Sources: Loan and Security Agreement (Calton 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, the Agent in its individual capacity as a Lender hereunder. With respect to its participation in the Loans, the Agent 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 the Agent in its individual capacitycapacity as a Lender. 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 Company any Loan Party or any of its their respective Affiliates as if it were not performing the duties specified herein, and may accept fees and other consideration from Company and its subsidiaries Borrower or any other Loan Party for services in connection with this Amended Loan Agreement and otherwise without having to account for the same to Lenders. Without limiting the generality of the foregoing, Agent in its individual capacity each Lender hereby acknowledges that, as a Lender hereunder shall be entitled to meet separately with any other Lender or Lenders of the date of this Agreement, Bankers Trust Company is the lender under, and shall have no obligation to disclose such discussions to any Lenders not a party theretoholds the Indebtedness of the borrowers under this Agreement and the Revolving Credit Agreement.

Appears in 1 contract

Sources: Senior Secured Credit Agreement (Corporate Office Properties Trust)

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, the Agent in its individual capacity as a Lender hereunder. With respect to its participation in the Loans, the Agent 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 "LenderLENDER" or "LendersLENDERS" or any similar term shall, unless the context clearly otherwise indicates, include the Agent in its individual capacitycapacity as a Lender. 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 Company any Loan Party or any of its their respective Affiliates as if it were not performing the duties specified herein, and may accept fees and other consideration from Company and its subsidiaries Borrower or any other Loan Party for services in connection with this Amended Loan Agreement and otherwise without having to account for the same to Lenders. Without limiting the generality of the foregoing, Agent in its individual capacity each Lender hereby acknowledges that, as a Lender hereunder shall be entitled to meet separately with any other Lender or Lenders of the date of this 102 Agreement, Bankers Trust Company is the lender under, and shall have no obligation to disclose such discussions to any Lenders not a party theretoholds the Indebtedness of the borrowers under, the Term Loan Agreement.

Appears in 1 contract

Sources: Senior Secured Revolving Credit Agreement (Corporate Office Properties Trust)

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, the Agent in its individual capacity as a Lender hereunder. With respect to its participation in the Loans, the Agent 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 "LenderLENDER" or "LendersLENDERS" or any similar term shall, unless the context clearly otherwise indicates, include the Agent in its individual capacitycapacity as a Lender. 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 Company any Loan Party or any of its their respective Affiliates as if it were not performing the duties specified herein, and may accept fees and other consideration from Company and its subsidiaries Borrower or any other Loan Party for services in connection with this Amended Loan Agreement and otherwise without having to account for the same to Lenders. Without limiting the generality of the foregoing, Agent in its individual capacity each Lender hereby acknowledges that, as a Lender hereunder shall be entitled to meet separately with any other Lender or Lenders of the date of this Agreement, Bankers Trust Company is the lender under, and shall have no obligation to disclose such discussions to any Lenders not a party theretoholds the Indebtedness of the borrowers under, the Term Loan Agreement.

Appears in 1 contract

Sources: Senior Secured Revolving Credit Agreement (Corporate Office Properties Trust)

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, the Agent in its individual capacity as a Lender hereunder. With respect to its participation in the Loans, the Agent 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 the Agent in its individual capacitycapacity as a Lender. 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 Company any Loan Party or any of its their respective Affiliates as if it were not performing the duties specified herein, and may accept fees and other consideration from Company and its subsidiaries Borrower or any other Loan Party for services in connection with this Amended Loan Agreement and otherwise without having to account for the same to Lenders. Without limiting the generality of the foregoing, Agent in its individual capacity each Lender hereby acknowledges that, as a Lender hereunder shall be entitled to meet separately with any other Lender or Lenders of the date of this Agreement, Bankers Trust Company is the lender under, and shall have no obligation to disclose such discussions to any Lenders not a party theretoholds the Indebtedness of the borrowers under, the Term Loan Agreement.

Appears in 1 contract

Sources: Senior Secured Revolving Credit Agreement (Corporate Office Properties Trust)