Common use of Best Interests Clause in Contracts

Best Interests. It is in the best interests of each Grantor to execute this Security Agreement in as much as such Grantor will, as a result of being the Borrower or such other Subsidiary of Holdings, derive substantial direct and indirect benefits from the Advances and other extensions of credit made from time to time to the Borrower by the Lenders, and each Grantor agrees that the Secured Parties are relying on this representation in agreeing to make such Advances pursuant to the Credit Agreement to the Borrower. Furthermore, such extensions of credit are (a) in furtherance of each Grantor’s corporate or limited liability purposes, and (b) necessary or convenient to the conduct, promotion or attainment of each Grantor’s business.

Best Interests. It is in the best interests of each Grantor to execute this Security Agreement in as much as such Grantor will, as a result of being the Borrower Borrower, or such other a Material Domestic Subsidiary of Holdingsthe Borrower, derive substantial direct and indirect benefits from the Advances and other extensions of credit made from time to time to the Borrower or any other Grantor by the LendersLenders pursuant to the Credit Agreement, and each Grantor agrees that the Secured Parties are relying on this representation in agreeing to make such Advances extensions of credit pursuant to the Credit Agreement to the Borrower. Furthermore, such extensions of credit are (ai) in furtherance of each Grantor’s corporate or limited liability purposes, and (bii) necessary or convenient to the conduct, promotion or attainment of each Grantor’s business.