Common use of Loans by Administrative Agent Clause in Contracts

Loans by Administrative Agent. The Administrative Agent shall have the same rights and powers with respect to (a) the Credit Extensions made by it or any of its Affiliates, and (b) the Notes held by it or any of its Affiliates as any other Lender and may exercise the same as if it were not the Administrative Agent. The Administrative Agent and its Affiliates may accept deposits from, lend money to, and generally engage in any kind of business with the Borrower or any Subsidiary or Affiliate of the Borrower as if it were not the Administrative Agent hereunder.

Appears in 4 contracts

Samples: Credit Agreement (Reddy Ice Holdings Inc), Credit Agreement (Reddy Ice Holdings Inc), Credit Agreement (Reddy Ice Holdings Inc)

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Loans by Administrative Agent. The Administrative Agent shall have the same rights and powers with respect to (ax) the Credit Extensions made by it or any of its Affiliates, and (by) the Notes held by it or any of its Affiliates as any other Lender and may exercise the same as if it were not the Administrative Agent. The Administrative Agent and its Affiliates may accept deposits from, lend money to, and generally engage in any kind of business with the any Borrower or any Subsidiary or Affiliate of the such Borrower as if it the Administrative Agent were not the Administrative Agent hereunder.

Appears in 2 contracts

Samples: Credit Agreement (Sabre Industries, Inc.), Credit Agreement (Sabre Industries, Inc.)

Loans by Administrative Agent. The Administrative Agent shall have the same rights and powers with respect to (a) the Credit Extensions Loans made by it or any of its Affiliates, and (b) the Notes held by it or any of its Affiliates as any other Lender and may exercise the same as if it were not the Administrative Agent. The Administrative Agent and its Affiliates may accept deposits from, lend money to, and generally engage in any kind of business with the Borrower Borrowers or any Subsidiary or Affiliate of the Borrower thereof as if it were Bank of America was not the Administrative Agent hereunder.

Appears in 1 contract

Samples: Credit Agreement (Bergen Brunswig Corp)

Loans by Administrative Agent. The Administrative Agent shall have the same rights and powers with respect to (ax) the Credit Extensions made by it either of them or any of its their respective Affiliates, and (by) the Notes held by it either of them or any of its their respective Affiliates as any other Lender and may exercise the same as if it were not the Administrative Agent. The Administrative Agent and its their respective Affiliates may accept deposits from, lend money to, and generally engage in any kind of business with the any Borrower or any Subsidiary or Affiliate of the Borrower KIL as if it such Agent were not the Administrative Agent hereunder, including being a counterparty to a Rate Protection Agreement.

Appears in 1 contract

Samples: Credit Agreement (Kerzner International Employment Services LTD)

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Loans by Administrative Agent. The Administrative Agent shall have the same rights and powers with respect to (ax) the Credit Extensions Loans made by it or any of its Affiliates, and (by) the Notes held by it or any of its Affiliates as any other Lender and may exercise the same as if it were not the Administrative Agent. The Administrative Agent and its respective Affiliates may accept deposits from, lend money to, and generally engage in any kind of business with the Borrower or any Subsidiary or Affiliate of the Borrower as if it the Administrative Agent were not the Administrative Agent hereunder.

Appears in 1 contract

Samples: Credit Agreement (Keebler Foods Co)

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