Common use of Common parties Clause in Contracts

Common parties. Notwithstanding that the Facility Agent and the Security Agent may from time to time be the same entity, the Facility Agent and the Security Agent have entered into this Agreement in their separate capacities as agent or (as appropriate) security agent and trustee for the Finance Parties provided that, where this Agreement provides for the Facility Agent or Security Agent to communicate with or provide instructions to another Facility Agent or Security Agent while the two parties in question are the same entity, it will not be necessary for there to be any such formal communication or instructions.