Common use of Administrative Agent and its Affiliates Clause in Contracts

Administrative Agent and its Affiliates. With respect to its Commitment, the Advances made by it and the Note issued to it, each Bank which is also the Administrative Agent shall have the same rights and powers under the Loan Documents as any other Bank and may exercise the same as though it were not the Administrative Agent; and the term "Bank" or "Banks" shall, unless otherwise expressly indicated, include any Bank serving as the Administrative Agent in its individual capacity. Any Bank serving as the Administrative Agent and its affiliates may accept deposits from, lend money to, act as trustee under indentures of, accept investment banking engagements from and generally engage in any kind of business with, the Borrower, any of the Subsidiaries and any Person who may do business with or own securities of the Borrower or any Subsidiary, all as if such Bank were not the Administrative Agent and without any duty to account therefor to the Banks.

Appears in 1 contract

Samples: Revolving Credit Agreement (Azurix Corp)

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Administrative Agent and its Affiliates. With respect to its Commitment, the Advances made by it and the Note Notes issued to it, each Bank which is also the Administrative Agent shall have the same rights and powers under the Loan Documents as any other Bank and may exercise the same as though it were not the Administrative Agent; and the term "Bank" or "Banks" shall, unless otherwise expressly indicated, include any Bank serving as the Administrative Agent in its individual capacity. Any Bank serving as the Administrative Agent and its affiliates may accept deposits from, lend money to, act as trustee under indentures of, accept investment banking engagements from and generally engage in any kind of business with, the Borrower, any of the Subsidiaries and any Person who may do business with or own securities of the Borrower or any Subsidiary, all as if such Bank were not the Administrative Agent and without any duty to account therefor to the Banks. SECTION 7.04.

Appears in 1 contract

Samples: Credit Agreement (Ensco International Inc)

Administrative Agent and its Affiliates. With respect to its Commitment, the Advances made by it and the Note Notes issued to it, each Bank which is also the Administrative Agent shall have the same rights and powers under the Loan Documents as any other Bank and may exercise the same as though it were not the Administrative Agent; and the term "Bank" or "Banks" shall, unless otherwise expressly indicated, include any Bank serving as the Administrative Agent in its individual capacity. Any Bank serving as the Administrative Agent and its affiliates may accept deposits from, lend money to, act as trustee under indentures of, accept investment banking engagements from and generally engage in any kind of business with, the BorrowerParent, any of the its Subsidiaries and any Person who may do business with or own securities of the Borrower Parent or any Subsidiaryof its Subsidiaries, all as if such Bank were not the Administrative Agent and without any duty to account therefor to the Banks.

Appears in 1 contract

Samples: Credit Agreement (Ensco International Inc)

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Administrative Agent and its Affiliates. With respect to its Commitment, the Advances made by it and the Note Notes issued to it, each Bank which is also the Administrative Agent shall have the same rights and powers under the Loan Documents as any other Bank and may exercise the same as though it were not the Administrative Agent; and the term "Bank" or "Banks" shall, unless otherwise expressly indicated, include any Bank serving as the Administrative Agent in its individual capacity. Any Bank serving as the Administrative Agent and its affiliates may accept deposits from, lend money to, act as trustee under indentures of, accept investment banking engagements from and generally engage in any kind of business with, the BorrowerParent, any of the its Subsidiaries and any Person who may do business with or own securities of the Borrower Parent or any Subsidiaryof its Subsidiaries, all as if such Bank were not the Administrative Agent and without any duty to account therefor to the Banks. SECTION 7.04.

Appears in 1 contract

Samples: Credit Agreement (Ensco PLC)

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