Common use of The Creditors Clause in Contracts

The Creditors. and the Borrower hereby agree and declare that the benefit of this clause 20 shall extend to and may be enforced by any officer, employee, agent or business associate of any of the Creditors against whom the Borrower brings a claim in connection howsoever with any of the Security Documents or any assets subject thereto or any action of any kind whatsoever taken by, or on behalf of or for the purported benefit of any Creditor pursuant thereto or which, if it were brought against the Creditor, would fall within the material scope of clause 20. 1. In those circumstances this clause 20 shall be read and construed as if references to any Creditor were references to such officer, employee, agent or business associate, as the case may be.