Common use of Rights as Lender Clause in Contracts

Rights as Lender. With respect to its commitment hereunder, the Advances made by it and the Notes issued to it, the Administrative Agent shall have the same rights as a Lender and may exercise the same as though it were not the Administrative Agent, and the term "Lender" or "Lenders" shall, unless the context otherwise indicates, include the Administrative Agent in its individual capacity. The Administrative Agent or any Lender may accept deposits from, act as trustee under indentures of, and generally engage in any kind of business with, the Borrower and any of its Affiliates, and any Person who may do business with or own securities of the Borrower or any of its Affiliates, all as if the Administrative Agent were not the Administrative Agent hereunder and without any duty to account therefor to the Lenders.

Appears in 9 contracts

Samples: Credit Agreement (Homco Puerto Rico Inc), Credit Agreement (Club Corp International), Credit Agreement (Kevco Inc)

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Rights as Lender. With respect to its commitment hereunder, the Advances made by it and the Notes Note issued to it, the Administrative Agent Lender shall have the same rights as a Lender and may exercise the same as though it were not the Administrative AgentLender, and the term "Lender" or "Lenders" shall, unless the context otherwise indicates, include the Administrative Agent Lender in its individual capacity. The Administrative Agent Lender or any Lender may accept deposits from, act as trustee under indentures of, and generally engage in any kind of business with, the Borrower and any of its Affiliates, and any Person who may do business with or own securities of the Borrower or any of its Affiliates, all as if the Administrative Agent Lender were not the Administrative Agent Lender hereunder and without any duty to account therefor to the Lenders.

Appears in 5 contracts

Samples: Credit Agreement (La Quinta Inns Inc), Credit Agreement (Clear Channel Communications Inc), Credit Agreement (La Quinta Inns Inc)

Rights as Lender. With respect to its commitment hereunder, the ---------------- Advances made by it and the Notes issued to it, the Administrative Agent shall have the same rights as a Lender and may exercise the same as though it were not the Administrative Agent, and the term "Lender" or "Lenders" shall, unless the context otherwise indicates, include the Administrative Agent in its individual capacity. The Administrative Agent or any Lender may accept deposits from, act as trustee under indentures of, and generally engage in any kind of business with, the Borrower and any of its Affiliates, and any Person who may do business with or own securities of the Borrower or any of its Affiliates, all as if the Administrative Agent were not the Administrative Agent hereunder and without any duty to account therefor to the Lenders.

Appears in 3 contracts

Samples: Credit Agreement (Sunterra Corp), Credit Agreement (Doskocil Manufacturing Co Inc), Credit Agreement (Kevco Inc)

Rights as Lender. With respect to its commitment hereunder, the Advances made by it and the Notes note issued to it, the Administrative Agent Lender shall have the same rights as a Lender and may exercise the same as though it were not the Administrative AgentLender, and the term "Lender" or "Lenders" shall, unless the context otherwise indicates, include the Administrative Agent Lender in its individual capacity. The Administrative Agent Lender or any Lender may accept deposits from, act as trustee under indentures of, and generally engage in any kind of business with, the Borrower and any of its Affiliates, and any Person who may do business with or own securities of the Borrower or any of its Affiliates, all as if the Administrative Agent were not the Administrative Agent hereunder and without any duty to account therefor to the Lenders.the

Appears in 1 contract

Samples: Credit Agreement (Clear Channel Communications Inc)

Rights as Lender. With respect to its commitment hereunder, the Advances made by it and the Notes issued to it, the Administrative Agent shall have the same rights as a Lender and may exercise the same as though it were not the Administrative Agent, and the term "Lender" or "Lenders" shall, unless the context otherwise indicates, include the Administrative Agent in its individual capacity. The Administrative Agent or any Lender may accept deposits from, act as trustee under indentures of, and generally engage in any kind of business with, the Borrower Parent and any of its Affiliates, and any Person who may do business with or own securities of the Borrower Parent or any of its Affiliates, all as if the Administrative Agent were not the Administrative Agent hereunder and without any duty to account therefor to the Lenders.

Appears in 1 contract

Samples: Credit Agreement (Power One Inc)

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Rights as Lender. With respect to its commitment hereunder, the Advances made by it and the Notes note issued to it, the Administrative Agent shall have the same rights as a Lender and may exercise the same as though it were not the Administrative Agent, and the term "Lender" or "Lenders" shall, unless the context otherwise indicates, include the Administrative Agent in its individual capacity. The Administrative Agent or any Lender may accept deposits from, act as trustee under indentures of, and generally engage in any kind of business with, the Borrower and any of its Affiliates, and any Person who may do business with or own securities of the Borrower or any of its Affiliates, all as if the Administrative Agent were not the Administrative Agent hereunder and without any duty to account therefor to the Lenders.

Appears in 1 contract

Samples: Credit Agreement (Ccci Capital Trust Iii)

Rights as Lender. With respect to its commitment hereunder, the Advances made by it and the Notes any note issued to it, the Administrative Agent shall have the same rights as a Lender and may exercise the same as though it were not the Administrative Agent, and the term "Lender" or "Lenders" shall, unless the context otherwise indicates, include the Administrative Agent in its individual capacity. The Administrative Agent or any Lender may accept deposits from, act as trustee under indentures of, and generally engage in any kind of business with, the Borrower and any of its Affiliates, and any Person who may do business with or own securities of the Borrower or any of its Affiliates, all as if the Administrative Agent were not the Administrative Agent hereunder and without any duty to account therefor to the Lenders.

Appears in 1 contract

Samples: Credit Agreement (Clear Channel Communications Inc)

Rights as Lender. With respect to its commitment hereunder, the Advances made by it and the Notes Note issued to it, the Administrative Agent shall have the same rights as a Lender and may exercise the same as though it were not the Administrative Agent, and the term "Lender" or "Lenders" shall, unless the context otherwise indicates, include the Administrative Agent in its individual capacity. The Administrative Agent or any Lender may accept deposits from, act as trustee under indentures of, and generally engage in any kind of business with, the Borrower and any of its their Affiliates, and any Person who may do business with or own securities of the Borrower or any of its their Affiliates, all as if the Administrative Agent were not the Administrative Agent hereunder and without any duty to account therefor to the Lenders.

Appears in 1 contract

Samples: Credit Agreement (Sun Healthcare Group Inc)

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