Common use of Agent as a Lender Clause in Contracts

Agent as a Lender. With respect to its interest in its Commitment Percentage of the Loans hereunder, BankBoston, N.A. shall have the same rights and powers under this Agreement and the other Lender Agreements as any other Lender and may exercise the same as though it were not the Agent; and the term "Lender" or "Lender(s)" shall, unless otherwise expressly indicated, include BankBoston, N.A. in its individual capacity. BankBoston, N.A. and its affiliates may lend money to, and generally engage in any kind of business with, American Ski, any Borrower, any Affiliate of American Ski and any Person who may do business with or own securities of American Ski or any such Affiliate of American Ski, all as if BankBoston, N.A. were not the Agent and without any duty to account therefor to the Lenders.

Appears in 2 contracts

Sources: Credit Agreement (American Skiing Co /Me), Credit Agreement (American Skiing Co /Me)