Common use of Rights of Agents Clause in Contracts

Rights of Agents. It is understood and agreed that Bank of America shall have the same rights and powers hereunder (including the right to give such instructions) as the other Lenders and may exercise such rights and powers, as well as its rights and powers under other agreements and instruments to which it is or may be party, and engage in other transactions with the Borrower, as though it were not the Administrative Agent or the Collateral Agent of the Lenders under this Agreement. The Agents and their affiliates may accept deposits from, lend money to, and generally engage in any kind of commercial or investment banking, trust, advisory or other business with the Borrower and its Affiliates as if it were not the Agent hereunder.

Appears in 1 contract

Sources: Credit Agreement (American Color Graphics Inc)

Rights of Agents. It is understood and agreed that Bank of America America, N.A., shall have the same rights and powers hereunder (including the right to give such instructions) as the other Lenders and may exercise such rights and powers, as well as its rights and powers under other agreements and instruments to which it is or may be party, and engage in other transactions with the BorrowerBorrowers, as though it were not the Administrative Agent or the Collateral Agent of the Lenders under this Agreement. The Agents and their affiliates may accept deposits from, lend money to, and generally engage in any kind of commercial or investment banking, trust, advisory or other business with the Borrower Loan Parties and its their Subsidiaries and Affiliates as if it were not the Agent hereunder.

Appears in 1 contract

Sources: Credit Agreement (Advanced Audio Concepts, LTD)

Rights of Agents. It is understood and agreed that Bank of America shall have the same rights and powers hereunder (including the right to give such instructions) as the other Lenders and may exercise such rights and powers, as well as its rights and powers under other agreements and instruments to which it is or may be party, and engage in other transactions with the any Borrower, as though it they were not the Administrative Agent or the Collateral Agent Agent, respectively, of the Lenders under this Agreement. The Agents and their affiliates may accept deposits from, lend money to, and generally engage in any kind of commercial or investment banking, trust, advisory or other business with the Borrower Loan Parties and its their Subsidiaries and Affiliates as if it were not the Agent hereunder.

Appears in 1 contract

Sources: Credit Agreement (Wet Seal Inc)

Rights of Agents. It is understood and agreed that Bank of America shall have the same rights and powers hereunder (including the right to give such instructions) as the other Lenders and may exercise such rights and powers, as well as its rights and powers under other agreements and instruments to which it is or may be party, and engage in other transactions with the BorrowerBorrowers, as though it were not the Administrative Agent or the Collateral Agent of the Lenders under this Agreement. The Agents and their affiliates may accept deposits from, lend money to, and generally engage in any kind of commercial or investment banking, trust, advisory or other business with the Borrower Loan Parties and its their Subsidiaries and Affiliates as if it were not the Agent hereunder.

Appears in 1 contract

Sources: Credit Agreement (Marsh Supermarkets Inc)

Rights of Agents. It is understood and agreed that Bank of America shall have the same rights and powers hereunder (including the right to give such instructions) as the other Lenders and may exercise such rights and powers, as well as its rights and powers under other agreements and instruments to which it is or may be party, and engage in other transactions with the Borrower, as though it were not the Administrative Agent or the Collateral Agent Agent, respectively, of the Lenders under this Agreement. The Agents Agent and their its affiliates may accept deposits from, lend money to, and generally engage in any kind of commercial or investment banking, trust, advisory or other business with the Borrower Loan Parties and its their Subsidiaries and Affiliates as if it were not the Agent hereunder.

Appears in 1 contract

Sources: Credit Agreement (Longs Drug Stores Corp)

Rights of Agents. It is understood and agreed that Bank of America shall have the same rights and powers hereunder (including the right to give such instructions) as the other Lenders and may exercise such rights and powers, as well as its rights and powers under other agreements and instruments to which it is or may be party, and engage in other transactions with the Borrower, as though it were not the Administrative Agent or the Collateral Agent of the Lenders under this Agreement. The Agents and their affiliates may accept deposits from, lend money to, and generally engage in any kind of commercial or investment banking, trust, advisory or other business with the Borrower Loan Parties and its their Subsidiaries and Affiliates as if it were not the Agent hereunder.

Appears in 1 contract

Sources: Credit Agreement (Stage Stores Inc)