Common use of Best Interests Clause in Contracts

Best Interests. It is in the best interests of each Pledgor (other than the Borrowers) to execute this Agreement inasmuch as such Pledgor will, as a result of being a Subsidiary of certain of the Borrowers, derive substantial direct and indirect benefits from the Loans made from time to time to the Borrowers by the Lenders pursuant to the Credit Agreement and the execution and delivery of Secured Hedge Agreements and Secured Cash Management Agreements among the Borrowers, other Loan Parties and certain Secured Parties, and each Pledgor agrees that the Secured Parties are relying on this representation in agreeing to make such Loans and other extensions of credit pursuant to the Credit Agreement to the Borrowers.

Appears in 2 contracts

Samples: Pledge Agreement (Monster Worldwide, Inc.), Pledge Agreement (Monster Worldwide Inc)

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Best Interests. It is in the best interests of each Pledgor (other than the BorrowersBorrower) to execute this Pledge Agreement inasmuch as such Pledgor will, as a result of being a Subsidiary of certain of the BorrowersBorrower, derive substantial direct and indirect benefits from the Loans Credit Extensions made from time to time to the Borrowers Borrower by the Lenders pursuant to the Credit Agreement and the execution and delivery of Secured Hedge Lender Hedging Agreements and Secured Cash Management Agreements among the Borrowers, other Loan Parties Documents between the Borrower and certain Secured Parties, and each Pledgor agrees that the Secured Parties are relying on this representation in agreeing to make such Loans and other extensions of credit pursuant to the Credit Agreement to the BorrowersBorrower.

Appears in 1 contract

Samples: Credit Agreement (Hecla Mining Co/De/)

Best Interests. It is in the best interests of each Pledgor (other than the Borrowers) to execute this Agreement inasmuch as such Pledgor will, as a result of being a Subsidiary of certain of the Borrowers, derive substantial direct and indirect benefits from the Amended and Restated U.S. Pledge Agreement Loans made from time to time to the Borrowers by the Lenders pursuant to the Credit Agreement and the execution and delivery of Secured Hedge Agreements and Secured Cash Management Agreements among the Borrowers, other Loan Parties and certain Secured Parties, and each Pledgor agrees that the Secured Parties are relying on this representation in agreeing to make such Loans and other extensions of credit pursuant to the Credit Agreement to the Borrowers.

Appears in 1 contract

Samples: Pledge Agreement (Monster Worldwide, Inc.)

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Best Interests. It is in the best interests of each Pledgor (other than the BorrowersCompany) to execute this Agreement inasmuch as such Pledgor will, as a result of being a Subsidiary of certain of the BorrowersCompany, derive substantial direct and indirect benefits from the Loans made from time to time to the Borrowers by the Lenders pursuant to the Credit Agreement and the execution and delivery of Secured Hedge Agreements and Secured Cash Management Agreements among the Borrowers, other Loan Parties and certain Secured Parties, and each Pledgor agrees that the Secured Parties are relying on this representation in agreeing to make such Loans and other extensions of credit pursuant to the Credit Agreement to the Borrowers.

Appears in 1 contract

Samples: Credit Agreement (Wiley John & Sons Inc)

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