Common use of Each Agent in its Individual Capacity Clause in Contracts

Each Agent in its Individual Capacity. With respect to its obligation to make Loans under this Agreement, each Agent shall have the rights and powers specified herein for a "Bank" and may exercise the same rights and powers as though it were not performing the duties specified herein; and the term "Banks," "Required Banks," "holders of Notes" or any similar terms shall, unless the context clearly otherwise indicates, include such Agent in its individual capacity. Each Agent and its affiliates may accept deposits from, lend money to, and generally engage in any kind of banking, trust or other business with any Credit Party or any Affiliate of any Credit Party as if it were not performing the duties specified herein, and may accept fees and other consideration from the Borrower or any other Credit Party for services in connection with this Agreement and may purchase and hold equity interests in the Parent or any other Credit Party without having to account for the same to the Banks and otherwise without having to account for the same to the Banks.

Appears in 2 contracts

Samples: Credit Agreement (Frontline Capital Group), Credit Agreement (Hq Global Holdings Inc)

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Each Agent in its Individual Capacity. With respect to its ------------------------------------- obligation to make Loans under this Agreement, each Agent shall have the rights and powers specified herein for a "BankLender" and may exercise the same rights and powers as though it were not performing the duties specified herein; and the term "Banks," Lenders", "Required Banks," Lenders", "holders of Notes" or any similar terms shall, unless the context clearly otherwise indicates, include such Agent in its individual capacity. Each Agent and its affiliates The Agents may accept deposits from, lend money to, and generally engage in any kind of banking, trust or other business with any Credit Party or any Affiliate of any Credit Party as if it were not performing the duties specified herein, and may accept fees and other consideration from the Borrower or any other Credit Party for services in connection with this Agreement and may purchase and hold equity interests in the Parent or any other Credit Party without having to account for the same to the Banks and otherwise without having to account for the same to the BanksLenders.

Appears in 1 contract

Samples: Credit Agreement (Hci Direct Inc)

Each Agent in its Individual Capacity. With respect to its obligation to make Revolving Loans under this Agreement, each Agent shall have the rights and powers specified herein for a "Bank" and may exercise the same rights and powers as though it were not performing the duties specified herein; and the term "Banks," "Required Banks," "holders of Revolving Notes" or any similar terms shall, unless the context clearly otherwise indicates, include such the Agent in its individual capacity. Each Agent and its affiliates may accept deposits from, lend money to, and generally engage in any kind of banking, trust or other business with any Credit Party or any Affiliate of any Credit Party as if it were not performing the duties specified herein, and may accept fees and other consideration from the Borrower or any other Credit Party for services in connection with this Agreement and may purchase and hold equity interests in the Parent or any other Credit Party without having to account for the same to the Banks and otherwise without having to account for the same to the Banks.

Appears in 1 contract

Samples: Credit Agreement (Northwest Airlines Corp)

Each Agent in its Individual Capacity. With respect to its obligation to make Loans under this Agreement, each Agent shall have the rights and powers specified herein for a "BankLender" and may exercise the same rights and powers as though it were not performing the duties specified herein; and the term "BanksLenders," "Required BanksLenders," "holders of Notes" or any similar terms shall, unless the context clearly otherwise indicates, include such the Administrative Agent in its individual capacity. Each Agent and its affiliates may accept deposits from, lend money to, and generally engage in any kind of banking, trust or other business with any Credit Party or any Affiliate of any Credit Party as if it were not performing the duties specified herein, and may accept fees and other consideration from the a Borrower or any other Credit Party for services in connection with this Agreement and may purchase and hold equity interests in the Parent or any other Credit Party without having to account for the same to the Banks and otherwise without having to account for the same to the BanksLenders.

Appears in 1 contract

Samples: Credit Agreement (Univision Communications Inc)

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Each Agent in its Individual Capacity. With respect to its obligation to make Loans under this Agreement, each Agent shall have the rights and powers specified herein for a "Bank" and may exercise the same rights and powers as though it were not performing the duties specified herein; and the term "Banks," "Required Banks," "holders of Notes" or any similar terms shall, unless the context clearly otherwise indicates, include such each Agent in its individual capacity. Each Agent and its affiliates may accept deposits from, lend money to, and generally engage in any kind of banking, trust or other business with any Credit Party or any Affiliate of any Credit Party as if it were not performing the duties specified herein, and may accept fees and other consideration from the Borrower or any other Credit Party for services in connection with this Agreement and may purchase and hold equity interests in the Parent or any other Credit Party without having to account for the same to the Banks and otherwise without having to account for the same to the Banks.

Appears in 1 contract

Samples: Credit Agreement (Northwest Airlines Corp)

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