Common use of Rights of Agent Clause in Contracts

Rights of Agent. The institution serving as the Agent hereunder shall have the same rights and powers in its capacity as a Lender as any other Lender and may exercise the same as though it were not the Agent, and such bank 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 other Affiliate thereof as if it were not the Agent hereunder.

Appears in 12 contracts

Samples: Term Loan and Guaranty Agreement (Tower International, Inc.), Loan and Guaranty Agreement, Credit and Guaranty Agreement (Tower Automotive, LLC)

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Rights of Agent. The institution serving as the Agent hereunder shall have the same rights and powers in its capacity as a Lender as any other Lender and may exercise the same as though it were not the Agent, and such bank 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 other Affiliate thereof as if it were not the Agent hereunder.. 105

Appears in 1 contract

Samples: Revolving Credit and Guaranty Agreement (Tower International, Inc.)

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