Common use of Rights as a Bank Clause in Contracts

Rights as a Bank. In the event Administrative Agent is a Bank, Administrative Agent shall have the same rights and powers hereunder and under any other Loan Paper with respect to its Commitment and its Revolving Loans as any Bank and may exercise the same as though it were not Administrative Agent, and the term "Bank" or "Banks" shall, at any time when Administrative Agent is a Bank, unless the context otherwise indicates, include in its individual capacity. Administrative Agent and its Affiliates may accept deposits from, lend money to, and generally engage in any kind of trust, debt, equity or other transaction, in addition to those contemplated by this Agreement or any other Loan Paper, with Borrower or any of its Subsidiaries in which Borrower or such Subsidiary is not restricted hereby from engaging with any other Person.

Appears in 5 contracts

Sources: Credit Agreement (Alliant Energy Corp), Credit Agreement (Delta Petroleum Corp/Co), Credit Agreement (Denbury Resources Inc)

Rights as a Bank. In If the event Administrative Agent is a Bank, the Administrative Agent shall have the same rights and powers hereunder and under any other Loan Paper Document with respect to its Commitment and its Revolving Loans as any Bank and may exercise the same as though it were not the Administrative Agent, and the term "Bank" or "Banks" shall, at any time when the Administrative Agent is a Bank, unless the context otherwise indicates, include the Administrative Agent in its individual capacity. The Administrative Agent and its Affiliates may accept deposits from, lend money to, and generally engage in any kind of trust, debt, equity or other transaction, in addition to those contemplated by this Agreement or any other Loan PaperDocument, with Borrower the Company or any of its Subsidiaries Affiliates in which Borrower the Company or such Subsidiary Affiliates is not restricted hereby from engaging with any other Person. The Administrative Agent, in its individual capacity, is not obligated to remain a Bank.

Appears in 5 contracts

Sources: Credit Agreement (Mdu Resources Group Inc), Credit Agreement (Mdu Resources Group Inc), Credit Agreement (Mdu Resources Group Inc)

Rights as a Bank. In the event the Administrative Agent is a Bank, the Administrative Agent shall have the same rights and powers hereunder and under any other Loan Paper with respect to its Commitment and its Revolving Loans as any Bank and may exercise the same as though it were not the Administrative Agent, and the term "Bank" or "Banks" shall, at any time when the Administrative Agent is a Bank, unless the context otherwise indicates, include the Administrative Agent in its individual capacity. The Administrative Agent and its Affiliates affiliates may accept deposits from, lend money to, and generally engage in any kind of trust, debt, equity or other transaction, in addition to those contemplated by this Agreement or any other Loan PaperAgreement, with the Borrower or any of its Subsidiaries in which the Borrower or such Subsidiary is not restricted hereby from engaging with any other Person. The Administrative Agent, in its individual capacity, is not obligated to remain a Bank.

Appears in 1 contract

Sources: Credit Agreement (Bemis Co Inc)

Rights as a Bank. In If the event Administrative Agent is a Bank, the Administrative Agent shall have the same rights and powers hereunder and under any other Loan Paper Document with respect to its Commitment and its Revolving Loans as any Bank and may exercise the same as though it were not the Administrative Agent, and the term "Bank" or "Banks" shall, at any time when the Administrative Agent is a Bank, unless the context otherwise indicates, include the Administrative Agent in its individual capacity. The Administrative Agent and its Affiliates may accept deposits from, lend money to, and generally engage in any kind of trust, debt, equity or 709152408 03173762 other transaction, in addition to those contemplated by this Agreement or any other Loan PaperDocument, with Borrower the Company or any of its Subsidiaries Affiliates in which Borrower the Company or such Subsidiary Affiliates is not restricted hereby from engaging with any other Person. The Administrative Agent, in its individual capacity, is not obligated to remain a Bank.

Appears in 1 contract

Sources: Credit Agreement (Mdu Resources Group Inc)