Common use of Rights as a Bank Clause in Contracts

Rights as a Bank. With respect to its commitment, the Loans made by it and the Notes issued to it, the Agent shall have the same rights and powers hereunder as any Bank and may exercise the same as though it were not the Agent, and the terms "Bank" and "Banks" shall, unless the context otherwise indicates, include the Agent in its individual capacity. The Agent may accept deposits from, lend money to and generally engage in any kind of banking or trust business with the Borrower as if it were not the Agent.

Appears in 6 contracts

Samples: Revolving Credit Agreement (Halter Marine Group Inc), Revolving Credit Agreement (Halter Marine Group Inc), Assignment and Assumption Agreement (Doane Products Co)

AutoNDA by SimpleDocs

Rights as a Bank. With respect to its commitment, Revolving Credit Commitment and the Loans made by it and the Notes issued to it, the Agent in its capacity as a Bank hereunder shall have the same rights and powers hereunder as any other Bank and may exercise the same as though it were not acting as the Agent, and the terms term "Bank" and or "Banks" shall, unless the context otherwise indicates, include the Agent in its individual capacity. The Agent may accept deposits from, lend money to and generally engage in any kind of banking or trust business with the Borrower as if it were not the Agent.

Appears in 5 contracts

Samples: Loan Agreement (Omega Worldwide Inc), Loan Agreement (Health Care Reit Inc /De/), Loan Agreement (Health Care Reit Inc /De/)

Rights as a Bank. With respect to its commitment, Commitment and the Loans made by it and the Notes issued to it, the Agent in its capacity as a Bank hereunder shall have the same rights and powers hereunder as any other Bank and may exercise the same as though it were not acting as the Agent, and the terms term "Bank" and or "Banks" shall, unless the context otherwise indicates, include the Agent in its individual capacity. The Agent may accept deposits from, lend money to and generally engage in any kind of banking or trust business with the Borrower as if it were not the Agent.

Appears in 5 contracts

Samples: Loan Agreement (Omega Healthcare Investors Inc), Loan Agreement (J&j Snack Foods Corp), Loan Agreement (National Patent Development Corp)

Rights as a Bank. With respect to its commitment, the Loans Commitment and any Credit Extension made by it and the Notes issued to it, the Agent shall have the same rights and powers hereunder as any Bank and may exercise the same as though it were not the Agent, and the terms "term “Bank" and "” or “Banks" shall, unless the context otherwise indicates, include the Agent JPMorgan Chase Bank, N.A. in its individual capacity. The Agent may accept deposits from, lend money to to, and generally engage in any kind of banking or trust business with the Borrower Company or any Subsidiary as if it were not the Agent.

Appears in 5 contracts

Samples: Revolving Credit Agreement (Consumers Energy Co), Revolving Credit Agreement (CMS Energy Corp), Revolving Credit Agreement (CMS Energy Corp)

Rights as a Bank. With respect to its commitment, the Loans Commitment and any Credit Extension made by it and the Notes issued to it, the Agent shall have the same rights and powers hereunder as any Bank and may exercise the same as though it were not the Agent, and the terms "term “Bank" and "” or “Banks" shall, unless the context otherwise indicates, include the Agent Union Bank in its individual capacity. The Agent may accept deposits from, lend money to to, and generally engage in any kind of banking or trust business with the Borrower Company or any Subsidiary as if it were not the Agent.

Appears in 4 contracts

Samples: Revolving Credit Agreement (CMS Energy Corp), Revolving Credit Agreement (Consumers Energy Co), Revolving Credit Agreement (CMS Energy Corp)

Rights as a Bank. With respect to its commitment, the Loans Commitment and any Credit Extension made by it and the Notes issued to it, the Agent shall have the same rights and powers hereunder as any Bank and may exercise the same as though it were not the Agent, and the terms "term “Bank" and "” or “Banks" shall, unless the context otherwise indicates, include the Agent Barclays Bank PLC in its individual capacity. The Agent may accept deposits from, lend money to to, and generally engage in any kind of banking or trust business with the Borrower Company or any Subsidiary as if it were not the Agent.

Appears in 4 contracts

Samples: Revolving Credit Agreement (CMS Energy Corp), Revolving Credit Agreement (Consumers Energy Co), Revolving Credit Agreement (CMS Energy Corp)

Rights as a Bank. With respect to its commitmentCommitment, the Loans made by it, the Letters of Credit issued by it and the Notes Note issued to it, the Agent shall have the same rights and powers hereunder as any Bank and may exercise the same as though it were not the Agent, and the terms "Bank" and "Banks" shall, unless the context otherwise indicates, include the Agent in its individual capacity. The Agent may accept deposits from, lend money to to, issue letters of credit for the account of and generally engage in any kind of banking or trust business with the Borrower and its Subsidiaries and Affiliates as if it were not the Agent.

Appears in 4 contracts

Samples: Assignment and Assumption Agreement (Cpi Corp), Revolving Credit Agreement (Huntco Inc), Revolving Credit Agreement (Cpi Corp)

Rights as a Bank. With respect to its commitment, the Loans Commitment and any Credit Extension made by it and the Notes issued to it, the Agent shall have the same rights and powers hereunder as any Bank and may exercise the same as though it were not the Agent, and the terms "term “Bank" and "” or “Banks" shall, unless the context otherwise indicates, include the Agent The Bank of Nova Scotia in its individual capacity. The Agent may accept deposits from, lend money to to, and generally engage in any kind of banking or trust business with the Borrower Company or any Subsidiary as if it were not the Agent.

Appears in 3 contracts

Samples: Revolving Credit Agreement (Consumers Energy Co), Revolving Credit Agreement (Consumers Energy Co), Assignment and Assumption Agreement (Consumers Energy Co)

Rights as a Bank. With respect to its commitment, Commitment and the Loans made and Letters of Credit issued by it and the Notes issued to it, the Agent in its capacity as a Bank hereunder shall have the same rights and powers hereunder as any other Bank and may exercise the same as though it were not acting as the Agent, and the terms term "Bank" and or "Banks" shall, unless the context otherwise indicates, include the Agent in its individual capacity. The Agent may accept deposits from, lend money to and generally engage in any kind of banking or trust business with the Borrower as if it were not the Agent.

Appears in 1 contract

Samples: Credit Agreement (National Patent Development Corp)

Rights as a Bank. With respect to its commitment, the Loans Commitments and any Term Loan made by it and the Notes issued to it, the Agent shall have the same rights and powers hereunder as any Bank and may exercise the same as though it were not the Agent, and the terms term "Bank" and or "Banks" shall, unless the context otherwise indicates, include the Agent Bank One in its individual capacity. The Agent may accept deposits from, lend money to to, and generally engage in any kind of banking or trust business with the Borrower Company or any Subsidiary as if it were not the Agent.

Appears in 1 contract

Samples: Term Loan Agreement (Consumers Energy Co)

Rights as a Bank. With respect to its commitmentThe Agent has and reserves all of the rights, powers and duties hereunder and under the Loans made by it and the Notes issued to it, the Agent shall have the same rights and powers hereunder other Loan Documents as any Bank may have and may exercise the same as though it were not the Agent, Agent and the terms "Bank" and or "Banks" as used herein and in all of such documents shall, unless the context otherwise expressly indicates, include the Agent in its individual capacitycapacity as a Bank. The Agent may accept deposits from, lend money reserves the right to and generally engage in any kind of banking or trust other business transactions with the Borrower as if it were not Company, the AgentSubsidiaries and their Affiliates.

Appears in 1 contract

Samples: Credit Agreement (Platinum Entertainment Inc)

Rights as a Bank. With respect to its commitmentTotal Commitment, and the Loans made by it and the Notes issued to it, the Agent in its capacity as a Bank hereunder shall have the same rights and powers hereunder as any other Bank and may exercise the same as though it were not acting as the Agent, and the terms term "Bank" and or "Banks" shall, unless the context otherwise indicates, include the Agent in its individual capacity. The Agent may accept deposits from, lend money to and generally engage in any kind of banking or trust business with the Borrower as if it were not the Agent.

Appears in 1 contract

Samples: Loan Agreement (National Consumer Cooperative Bank /Dc/)

Rights as a Bank. With respect to its commitmentRatable Share of the Commitments, the Loans made by it and the Notes issued to it, the Agent shall have the same rights and powers hereunder as any Bank and may exercise the same as though it were not the Agent, and the terms term "Bank" and or "Banks" shall, unless the context otherwise indicates, include the Agent in its individual capacity. The Agent may accept deposits from, lend money to to, and generally engage in any kind of banking or trust business with the Borrower or any of its Subsidiaries as if it were not the AgentAgent hereunder.

Appears in 1 contract

Samples: Loan Agreement (Osborn Communications Corp /De/)

Rights as a Bank. With respect to its commitment, the Loans Commitment and any Advance made by it and the Notes issued to it, the Agent shall have the same rights and powers hereunder as any Bank and may exercise the same as though it were not the Agent, and the terms term "Bank" and or "Banks" shall, unless the context otherwise indicates, include the Agent Barclays in its individual capacity. The Agent may accept deposits from, lend money to to, and generally engage in any kind of banking or trust business with the Borrower Company or any Subsidiary as if it were not the Agent.

Appears in 1 contract

Samples: Credit Agreement (Consumers Energy Co)

Rights as a Bank. With respect to its commitmentRatable Share of the Commitment and the Letters of Credit, the Loans made by it and the Notes issued to it, the Agent shall have the same rights and powers hereunder as any Bank and may exercise the same as though it were not the Agent, and the terms term "Bank" and or "Banks" shall, unless the context otherwise indicates, include the Agent in its individual capacity. The Agent may accept deposits from, lend money to to, and generally engage in any kind of banking or trust business with the Borrower and its Subsidiaries as if it were not the AgentAgent hereunder.

Appears in 1 contract

Samples: Loan Agreement (Crown Castle International Corp)

Rights as a Bank. With respect to its commitment, the Loans made by it and the Notes issued to it, the Agent shall have the same rights and powers hereunder as any Bank and may exercise the same as though it were not the Agent, and the terms "term “Bank" and "” or “Banks" shall, unless the context otherwise indicates, include the Agent in its individual capacity. The Any of the Banks, including the Agent as if it were not the Agent for the Banks, may accept deposits from, lend money to to, and generally engage in any kind of banking or trust business with the Borrower as if it were not the AgentCompany.

Appears in 1 contract

Samples: Credit Agreement (Empire District Electric Co)

Rights as a Bank. With respect to its commitment, the Loans Commitment and any Credit Extension made by it and the Notes issued to it, the Agent shall have the same rights and powers hereunder as any Bank and may exercise the same as though it were not the Agent, and the terms term "Bank" and or "Banks" shall, unless the context otherwise indicates, include the Agent Bank One in its individual capacity. The Agent may accept deposits from, lend money to to, and generally engage in any kind of banking or trust business with the Borrower Company or any Subsidiary as if it were not the Agent.

Appears in 1 contract

Samples: Pledge Agreement (Consumers Energy Co)

Rights as a Bank. With respect to its commitmentCommitment, the Loans made by it it, the Letter of Credit and the Notes issued to it, the Agent shall have the same rights and powers hereunder as any Bank and may exercise the same as though it were not the Agent, and the terms "term “Bank" and "” or “Banks" shall, unless the context otherwise indicates, include the Agent in its individual capacity. The Any of the Banks, including the Agent as if it were not the Agent for the Banks, may accept deposits from, lend money to to, and generally engage in any kind of banking or trust business with the Borrower as if it were not the AgentCompany.

Appears in 1 contract

Samples: Credit Agreement (Empire District Electric Co)

Rights as a Bank. With respect to its commitmentCommitment, the Loans made by it and the Notes issued to it, the Agent shall have the same rights and powers hereunder as any Bank and may exercise the same as though it were not the Agent, and the terms "Bank" and "Banks" shall, unless the context otherwise indicates, include the Agent in its individual capacity. The Agent may accept deposits from, lend money to to, issue letters of credit for the account of and generally engage in any kind of banking or trust business with the Borrower and its Subsidiaries and Affiliates as if it were not the Agent.

Appears in 1 contract

Samples: Revolving Credit Agreement (Cpi Corp)

Rights as a Bank. With respect to its commitmentCommitment, the Loans made by it it, and the Notes issued to it, the Agent shall have the same rights and powers hereunder as any Bank and may exercise the same as though it were not the Agent, and the terms "term “Bank" and "” or “Banks" shall, unless the context otherwise indicates, include the Agent in its individual capacity. The Any of the Banks, including the Agent as if it were not the Agent for the Banks, may accept deposits from, lend money to to, and generally engage in any kind of banking or trust business with the Borrower as if it were not the AgentCompany.

Appears in 1 contract

Samples: Credit Agreement (Empire District Electric Co)

Rights as a Bank. With respect to its commitmentCommitments, the Loans made by it and the Notes issued to it, the Agent shall have the same rights and powers hereunder as any Bank and may exercise the same as though it were was not the Agent, Agent and the terms "term “Bank" and "” or “Banks" shall, unless the context otherwise indicates, include the Agent and in its individual capacitycapacity as a lender hereunder. The Agent may accept deposits from, lend money to to, and generally engage in any kind of banking or trust business with the Borrower or any Subsidiary or Affiliate of the Borrower as if it were not the AgentAgent hereunder.

Appears in 1 contract

Samples: Credit Agreement (QC Holdings, Inc.)

Rights as a Bank. With respect to its commitment, the Loans made by it it, and the Notes issued to it, the each Agent shall have the same rights and powers hereunder as any Bank and may exercise the same as though it were not the such Agent, and the terms term "Bank" and or "Banks" shall, unless the context otherwise indicates, include the each Agent in its individual capacity. The Each Agent may accept deposits from, lend money to to, and generally engage in any kind of banking or trust business with the Borrower Borrowers as if it were not the such Agent.

Appears in 1 contract

Samples: Mississippi Chemical Corp /MS/

AutoNDA by SimpleDocs

Rights as a Bank. With respect to its commitment, the Loans made by it and the Notes Note issued to it, the Agent shall have the same rights and powers hereunder as any Bank and may exercise the same as though it were not the Agent, and the terms "term “Bank" and "” or “Banks" shall, unless the context otherwise indicates, include the Agent in its individual capacity. The Any of the Banks, including the Agent as if it were not the Agent for the Banks, may accept deposits from, lend money to to, and generally engage in any kind of banking or trust business with the Borrower as if it were not the AgentCompany.

Appears in 1 contract

Samples: Credit Agreement (Empire District Electric Co)

Rights as a Bank. With respect to its commitment, the Loans Commitment and any Advance made by it and the Notes issued to it, the Agent shall have the same rights and powers hereunder as any Bank and may exercise the same as though it were not the Agent, and the terms "term “Bank" and "” or “Banks" shall, unless the context otherwise indicates, include the Agent U.S. Bank National Association in its individual capacity. The Agent may accept deposits from, lend money to to, and generally engage in any kind of banking or trust business with the Borrower Company or any Subsidiary as if it were not the Agent.

Appears in 1 contract

Samples: Term Loan Credit Agreement (Consumers Energy Co)

Rights as a Bank. With respect to its commitment, Commitment and their respective portions of the Loans made by it and the Notes issued to itLoan, the Agent shall have the same rights and powers hereunder as any Bank and may exercise the same as though it were was not the Agent, and the terms "Bank" and "Banks" shall, unless the context otherwise indicates, include the Agent in its individual capacity. The Agent may accept deposits from, lend money to and generally engage in any kind of banking or trust business with the Borrower as if it were was not the Agent.

Appears in 1 contract

Samples: Mortgage Warehousing Loan and Security Agreement (American Home Mortgage Holdings Inc)

Rights as a Bank. With respect to its commitmentRatable Share of the ---------------- Commitments, the Loans made by it, the Letters of Credit issued by it and the Notes issued to it, the Agent shall have the same rights and powers hereunder as any Bank and may exercise the same as though it were not the Agent, and the terms term "Bank" and or "Banks" shall, unless the context otherwise indicates, include the Agent in its individual capacity. The Agent may accept deposits from, lend money to to, and generally engage in any kind of banking or trust business with the Borrower as if it were not the AgentAgent hereunder.

Appears in 1 contract

Samples: Loan Agreement (Crown Castle International Corp)

Rights as a Bank. With respect to its commitmentRevolving Credit Commitment, the Loans made by it and the Notes Note issued to it, the Agent shall have the same rights and powers hereunder as any Bank and may exercise the same as though it were not the Agent, and the terms "Bank" and "Banks" shall, unless the context otherwise indicates, include the Agent in its individual capacity. The Agent may accept deposits from, lend money to to, issue letters of credit for the account of and generally engage in any kind of banking or trust business with the Borrower and its Subsidiaries and affiliates as if it were not the Agent.

Appears in 1 contract

Samples: Loan Agreement (Laclede Gas Co)

Rights as a Bank. With respect to its commitment, the Loans made by it and the Notes issued commitment to itmake Loans, the Agent shall have the same rights and powers hereunder as any Bank and may exercise the same as though it were was not acting as the Agent, and the terms "Bank" and "” or “Banks" shall, unless the context otherwise indicates, include the Agent in its individual capacity. The Agent and its affiliates may (without having to account therefor to any Bank) accept deposits from, lend money extend credit (on a secured or unsecured basis) to and generally engage in any kind of banking banking, trust or trust other business with the Borrower Company or any of its affiliates, as if it were not acting as the Agent.

Appears in 1 contract

Samples: Credit Agreement (Unisource Energy Corp)

Rights as a Bank. With respect to its commitmentThe Agent has and reserves all of the rights, powers and duties hereunder and under the Loans made by it and the Notes issued to it, the Agent shall have the same rights and powers hereunder other Loan Documents as any Bank may have and may exercise the same as though it were not the Agent, Agent and the terms "BankBANK" or "BANKS" as used herein and "Banks" in all of such documents shall, unless the context otherwise expressly indicates, include the Agent in its individual capacitycapacity as a Bank. The Agent may accept deposits from, lend money reserves the right to and generally engage in any kind of banking or trust other business transactions with the Borrower as if it were not Company, the AgentSubsidiaries and their Affiliates.

Appears in 1 contract

Samples: Credit Agreement (Morrison Knudsen Corp//)

Rights as a Bank. With respect to its commitment, the Loans made by it it, L/Cs issued by it, and the Notes issued to it, the each Agent shall have the same rights and powers hereunder as any Bank and may exercise the same as though it were not the such Agent, and the terms term "Bank" and or "Banks" shall, unless the context otherwise indicates, include the each Agent in its individual capacitycapacity to the extent, if any, of its Revolving Credit Commitment. The Each Agent may accept deposits from, lend money to to, and generally engage in any kind of banking or trust business with the Borrower as if it were not the such Agent.

Appears in 1 contract

Samples: Credit Agreement (Mississippi Chemical Corp /MS/)

Rights as a Bank. With respect to its commitment, the Loans made by it it, the Letter of Credit and the Notes issued to it, the Agent shall have the same rights and powers hereunder as any Bank and may exercise the same as though it were not the Agent, and the terms "term “Bank" and "” or “Banks" shall, unless the context otherwise indicates, include the Agent in its individual capacity. The Any of the Banks, including the Agent as if it were not the Agent for the Banks, may accept deposits from, lend money to to, and generally engage in any kind of banking or trust business with the Borrower as if it were not the AgentCompany.

Appears in 1 contract

Samples: Credit Agreement (Empire District Electric Co)

Rights as a Bank. With respect to its commitment, the Loans made by it it, L/Cs accepted and discounted by it, and the Notes issued to it, the each Agent shall have the same rights and powers hereunder as any Bank and may exercise the same as though it were not the an Agent, and the terms term "Bank" and or "Banks" shall, unless the context otherwise indicates, include the each Agent in its individual capacity. The Each Agent may accept deposits from, lend money to to, and generally 57 engage in any kind of banking or trust business with the Borrower Borrowers as if it were not the an Agent.

Appears in 1 contract

Samples: Credit Agreement (Seminis Inc)

Rights as a Bank. With respect to its commitmentCommitment, the Loans made by it and the Notes Note issued to it, the Agent shall have the same rights and powers hereunder as any Bank and may exercise or refrain from exercising the same as though it were not the Agent, Agent and the terms term "Bank" and or "Banks" shall, unless the context otherwise indicates, include the Agent in its individual capacity. The Agent may accept deposits from, lend tend money to and generally engage in any kind of banking or trust business with Haggar, the Borrower Company or any of the Guarantors as if it were not the Agent.

Appears in 1 contract

Samples: Credit Agreement (Haggar Corp)

Rights as a Bank. With respect to its commitment, the Loans made by it and the Notes issued to it, the Agent shall have the same rights and powers hereunder as any Bank and may exercise the same as though it were not the Agent, and the terms "Bank" and "Banks" shall, unless the context otherwise indicates, include the Agent in its individual capacity. The Agent may accept deposits from, lend money to to, issue letters of credit for the account of and generally engage in any kind of banking or trust business with the Borrower Borrowers and their Subsidiaries and affiliates as if it were not the Agent.

Appears in 1 contract

Samples: Secured Senior Lending Agreement (Pioneer Financial Services Inc)

Rights as a Bank. With respect to its commitment, the Loans made by it and the Notes issued to it, the Agent shall have the same rights and powers hereunder as any Bank and may exercise the same as though it were not the Agent, and the terms term "Bank" and or "Banks" shall, unless the context otherwise indicates, include the Agent in its individual capacity. The Any of the Banks, including the Agent as if it were not the Agent for the Banks, may accept deposits from, lend money to to, and generally engage in any kind of banking or trust business with the Borrower as if it were not the AgentCompany.

Appears in 1 contract

Samples: Credit Agreement (Empire District Electric Co)

Rights as a Bank. With respect to its commitment, Commitments and the Loans made by it and the Notes issued to it, the Agent in its capacity as a Bank hereunder shall have the same rights and powers hereunder as any other Bank and may exercise the same as though it were not acting as the Agent, and the terms term "Bank" and or "Banks" shall, unless the context otherwise indicates, include the Agent in its individual capacity. The Agent may accept deposits from, lend money to and generally engage in any kind of banking or trust business with the Borrower as if it were not the Agent.

Appears in 1 contract

Samples: Loan Agreement (Linc Group Inc)

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