Common use of Rights of Administrative Agent Clause in Contracts

Rights of Administrative Agent. It is understood and agreed that the Administrative Agent shall have the same rights and powers hereunder (including the right to give such instructions) as the other Lenders and may exercise such rights and powers, as well as its rights and powers under other agreements and instruments to which it is or may be party, and engage in other transactions with the Borrower as though it were not the Administrative Agent on behalf of the Lenders under this Agreement.

Appears in 2 contracts

Samples: Term Loan Agreement (Cendant Corp), Term Loan Agreement (Cendant Corp)

AutoNDA by SimpleDocs

Rights of Administrative Agent. It is understood and ------------------------------ agreed that the Administrative Agent shall have the same rights and powers as a Lender hereunder (including the right to give such instructions) as the other Lenders and may exercise such rights and powers, as well as its rights and powers under other agreements and instruments to which it is or may be party, and engage in other transactions with the Borrower any Credit Party, as though it were not the Administrative Agent on behalf of the Lenders or the Fronting Bank under this Credit Agreement.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Artisan Entertainment Inc)

Rights of Administrative Agent. It is understood and agreed that each of the Administrative Agent and the Syndication Agent shall have the same duties, rights and powers as a Lender hereunder (including the right to give such instructions) as any of the other Lenders and may exercise such rights and powers, as well as its rights and powers under other agreements and instruments to which it is or may be party, and engage in other transactions with the Borrower any Credit Party or Affiliate thereof, as though it were not the Administrative Agent on behalf or the Syndication Agent, as applicable, of the Lenders under this AgreementCredit Agreement and the other Fundamental Documents.

Appears in 1 contract

Samples: Guaranty and Pledge Agreement (Lions Gate Entertainment Corp /Cn/)

Rights of Administrative Agent. It is understood and agreed that the Administrative Agent shall have the same duties, rights and powers as a Lender hereunder (including the right to give such instructions) as any of the other Lenders and may exercise such rights and powers, as well as its rights and powers under other agreements and instruments to which it is or may be party, and engage in other transactions with any member of the Borrower Credit Group or Affiliate thereof, as though it were not the Administrative Agent on behalf of the Lenders under this AgreementCredit Agreement and the other Fundamental Documents.

Appears in 1 contract

Samples: Credit, Security, Guaranty and Pledge Agreement (Idt Corp)

Rights of Administrative Agent. It is understood and agreed that the Administrative Agent shall have the same duties, rights and powers as a Lender hereunder (including the right to give such instructions) as any of the other Lenders and may exercise such rights and powers, as well as its rights and powers under other agreements and instruments to which it is or may be party, and engage in other transactions with the Borrower any Credit Party or Affiliate thereof, as though it were not the Administrative Agent on behalf of the Lenders or the Issuing Bank under this AgreementCredit Agreement and the other Fundamental Documents.

Appears in 1 contract

Samples: Harvey Entertainment Co

AutoNDA by SimpleDocs

Rights of Administrative Agent. It is understood and agreed that the Administrative Agent shall have the same rights and powers hereunder (including the right to give such instructions) as the other Lenders and may exercise such rights and powers, as well as its rights and powers under other agreements and instruments to which it is or may be party, and engage in other transactions with the Borrower Borrower, as though it were not the Administrative Agent on behalf of the Lenders under this Agreement.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Hayes Lemmerz International Inc)

Rights of Administrative Agent. It is understood and agreed that the Administrative Agent shall have the same rights and powers as a Lender hereunder (including the right to give such instructions) as the other Lenders and may exercise such rights and powers, as well as its rights and powers under other agreements and instruments to which it is or may be party, and engage in other transactions with the Borrower any Credit Party, as though it were not the Administrative Agent on behalf of the Lenders or the Fronting Bank under this Credit Agreement.

Appears in 1 contract

Samples: And Pledge Agreement (Trimark Holdings Inc)

Rights of Administrative Agent. It is understood and agreed that the Administrative Agent shall have the same duties, rights and powers as a Lender hereunder (including the right to give such instructions) as any of the other Lenders and may exercise such rights and powers, as well as its rights and powers under other agreements and instruments to which it is or may be party, and engage in other transactions with the Borrower or any Affiliate thereof, as though it were not the Administrative Agent on behalf of the Lenders under this AgreementCredit Agreement and the other Fundamental Documents.

Appears in 1 contract

Samples: Credit Agreement (RHI Entertainment, Inc.)

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