Common use of Administrative Agent Individually Clause in Contracts

Administrative Agent Individually. (a) The person serving as the Administrative 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 Administrative Agent and the term “Lender” or “Lenders” shall, unless otherwise expressly indicated or unless the context otherwise requires, include each person serving as the Administrative Agent hereunder in its individual capacity. Such person and its Affiliates may accept deposits from, lend money to, act as the financial advisor or in any other advisory capacity for and generally engage in any kind of business with US Borrower or any Subsidiary or other Affiliate thereof as if such person were not the Administrative Agent hereunder and without any duty to account therefor to the Lenders.

Appears in 3 contracts

Samples: Credit Agreement (Nabors Industries LTD), Credit Agreement (Nabors Industries LTD), Credit Agreement (Nabors Industries LTD)

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Administrative Agent Individually. (a) The person Person serving as the Administrative Agent hereunder shall have the same rights and powers in its capacity as a Lender Bank as any other Lender Bank and may exercise the same as though it were not the Administrative Agent and the term “LenderBank” or “LendersBanks” shall, unless otherwise expressly indicated or unless the context otherwise requires, include each person the Person serving as the Administrative Agent hereunder in its individual capacitycapacity as a Bank. Such person Person and its Affiliates may accept deposits from, lend money to, act as the financial advisor or in any other advisory capacity for and generally engage in any kind of business with US any Borrower or any Subsidiary or other Affiliate affiliate thereof as if such person Person were not the Administrative Agent hereunder and without any duty to account therefor to the LendersBanks.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Avon Products Inc), Advance Facility Agreement (Avon Products Inc)

Administrative Agent Individually. (a) The person Person serving as the Administrative 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 Administrative Agent and the term “Lender” or “Lenders” shall, unless otherwise expressly indicated or unless the context otherwise requires, include each person the Person serving as the Administrative Agent hereunder in its individual capacity. Such person Person and its Affiliates may accept deposits from, lend money to, act as the financial advisor or in any other advisory capacity for and generally engage in any kind of business with US Borrower the Borrowers or any Subsidiary of their Subsidiaries or other Affiliate thereof Affiliates as if such person Person were not the Administrative Agent hereunder and without any duty to account therefor to the LendersLender.

Appears in 1 contract

Samples: Four Year Credit Agreement (SAIC, Inc.)

Administrative Agent Individually. (a) The person Person serving as the Administrative 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 Administrative Agent Agent, and the term “Lender” or “Lenders” shall, unless otherwise expressly indicated or unless the context otherwise requires, include each person the Person serving as the Administrative Agent hereunder in its individual capacity. Such person Person and its Affiliates may accept deposits from, lend money to, act as the a financial advisor or in any other advisory capacity for and generally engage in any kind of business with US the Borrower or any Subsidiary or other Affiliate thereof as if such person Person were not the Administrative Agent hereunder and without any duty to account therefor therefore to the Lenders.

Appears in 1 contract

Samples: Senior Secured Term Loan Agreement (Solar Capital Ltd.)

Administrative Agent Individually. (a) The person serving as the Administrative 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 Administrative Agent and the term “Lender” or “Lenders” shall, unless otherwise expressly indicated or unless the context otherwise requires, include each person serving as the Administrative Agent hereunder in its individual capacity. Such person and its Affiliates may accept deposits from, lend money to, act as the financial advisor or in any other advisory capacity for and generally engage in any kind of business with US Borrower or any Subsidiary or other Affiliate thereof as if such person were not the Administrative Agent hereunder and without any duty to account therefor to the Lenders.. 124

Appears in 1 contract

Samples: Credit Agreement (Nabors Industries LTD)

Administrative Agent Individually. (a) The person Each Person serving as the Administrative 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 Administrative Agent and the term “Lender” or “Lenders” shall, unless otherwise expressly indicated or unless the context otherwise requires, include each person the Person serving as the Administrative Agent hereunder in its individual capacity. Such person Person and its Affiliates may accept deposits from, lend money to, act as the financial advisor or in any other advisory capacity for and generally engage in any kind of business with US the Borrower or any Subsidiary or other Affiliate thereof as if such person Person were not the Administrative Agent hereunder and without any duty to account therefor to the Lenders.

Appears in 1 contract

Samples: Credit Agreement (Solutia Inc)

Administrative Agent Individually. (a) The person Person serving as the Administrative 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 Administrative Agent and the term “Lender” or “Lenders” shall, unless otherwise expressly indicated or unless the context otherwise requires, include each person the Person serving as the Administrative Agent hereunder in its individual capacity. Such person Person and its Affiliates may accept deposits from, lend money to, act as the financial advisor or in any other advisory capacity for and generally engage in any kind of business with US Borrower the Loan Parties or any Subsidiary or other Affiliate thereof as if such person Person were not the Administrative Agent hereunder and without any duty to account therefor to the Lenders.

Appears in 1 contract

Samples: Credit Agreement (Blackstone Group L.P.)

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Administrative Agent Individually. (a) The person Person serving as the Administrative 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 Administrative Agent and the term "Lender" or "Lenders" shall, unless otherwise expressly indicated or unless the context otherwise requires, include each person the Person serving as the Administrative Agent hereunder in its individual capacity. Such person Person and its Affiliates may accept deposits from, lend money to, act as the financial advisor or in any other advisory capacity for and generally engage in any kind of business with US Borrower the Company or any Subsidiary or other Affiliate thereof as if such person Person were not the Administrative Agent hereunder and without any duty to account therefor to the Lenders.

Appears in 1 contract

Samples: Credit Agreement (Stanley Works)

Administrative Agent Individually. (a) The person serving as the Administrative 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 Administrative Agent and the term “Lender” or “Lenders” shall, unless otherwise expressly indicated or unless the context otherwise requires, include each person serving as the Administrative Agent hereunder in its individual capacity. Such person and its Affiliates may accept deposits from, lend money to, act as the financial advisor or in any other advisory capacity for and generally engage in any kind of 115 business with US Borrower or any Subsidiary or other Affiliate thereof as if such person were not the Administrative Agent hereunder and without any duty to account therefor to the Lenders.

Appears in 1 contract

Samples: Credit Agreement (Nabors Industries LTD)

Administrative Agent Individually. (a) The person serving as the Administrative 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 Administrative Agent and the term “Lender” or “Lenders” shall, unless otherwise expressly indicated or unless the context otherwise requires, include each the person serving as the Administrative Agent hereunder in its individual capacity. Such person and its Affiliates may accept deposits from, lend money to, act as the financial advisor or in any other advisory capacity for and generally engage in any kind of business with US the Borrower or any Subsidiary or other Affiliate thereof as if such person were not the Administrative Agent hereunder and without any duty to account therefor to the Lenders.

Appears in 1 contract

Samples: Bridge Term Loan Credit Agreement (Laboratory Corp of America Holdings)

Administrative Agent Individually. (a) The person Person serving as the Administrative 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 Administrative Agent and the term “Lender” or “Lenders” shall, unless otherwise expressly indicated or unless the context otherwise requires, include each person the Person serving as the Administrative Agent hereunder in its individual capacity. Such person Person and its Affiliates may accept deposits from, lend money to, act as the financial advisor or in any other advisory capacity for and generally engage in any kind of business with US Borrower the Parent or any Subsidiary or other Affiliate thereof as if such person Person were not the Administrative Agent hereunder and without any duty to account therefor to the Lenders.

Appears in 1 contract

Samples: Term Credit Agreement (Aon Corp)

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