Common use of Agent in its Capacity as a Lender Clause in Contracts

Agent in its Capacity as a Lender. With respect to Revolving Loans made by it, the Agent shall have the same rights and powers under this Agreement and the other Financing Agreements as any Lender and may exercise the same as though it were not Agent, and the terms "Lender" or "Lenders" shall, unless the context otherwise indicates, include the Agent in its capacity as a Lender hereunder. The Agent, any Lender and their respective affiliates may accept deposits from, lend money to, and generally engage in any kind of banking or trust business with the Borrower, or Affiliates of the Borrower, as if it were not Agent or as if it or they were not a Lender and without any duty to account therefor to the other parties to this Agreement.

Appears in 2 contracts

Samples: Loan and Security Agreement (American Builders & Contractors Supply Co Inc), Loan and Security Agreement (Amcraft Building Products Co Inc)

AutoNDA by SimpleDocs

Agent in its Capacity as a Lender. With respect to Revolving --------------------------------- Loans made by it, the Agent shall have the same rights and powers under this Agreement and the other Financing Agreements as any Lender and may exercise the same as though it were not Agent, and the terms "Lender" or "Lenders" shall, unless the context otherwise indicates, include the Agent in its capacity as a Lender hereunder. The Agent, any Lender and their respective affiliates may accept deposits from, lend money to, and generally engage in any kind of banking or trust business with the Borrower, or Affiliates of the Borrower, as if it were not Agent or as if it or they were not a Lender and without any duty to account therefor to the other parties to this Agreement.

Appears in 1 contract

Samples: Loan and Security Agreement (American Builders & Contractors Supply Co Inc)

AutoNDA by SimpleDocs

Agent in its Capacity as a Lender. With respect to Revolving Loans Loan advances made by it, the Agent shall have the same rights and powers under this Agreement and the other Financing Agreements as any Lender and may exercise the same as though it were not Agent, and the terms "Lender" or "Lenders" shall, shall unless the context otherwise indicates, include the Agent in its capacity as a Lender hereunder. The Agent, any Lender and their respective affiliates may accept deposits from, lend money to, and generally engage in any kind of banking or trust business with the BorrowerObligors, or Affiliates of the BorrowerObligors, as if it were not Agent or as if it or they were not a Lender and without any duty to account therefor to the other parties to this Agreement.

Appears in 1 contract

Samples: Loan and Security Agreement (Action Performance Companies Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.