Common use of Acknowledgment of Benefits Clause in Contracts

Acknowledgment of Benefits. Each Guarantor acknowledges that it will receive substantial direct and indirect benefits from the financing arrangements contemplated by the Finance Documents and that the waivers set forth in this Clause 16 are knowingly made in contemplation of such benefits.

Appears in 11 contracts

Samples: Loan Agreement (Dorian LPG Ltd.), Loan Agreement (Dorian LPG Ltd.), Second Lien Loan Agreement (Eagle Bulk Shipping Inc.)

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Acknowledgment of Benefits. Each The Guarantor acknowledges that it will receive substantial direct and indirect benefits from the financing arrangements contemplated by the Finance Documents and that the waivers set forth in this Clause 16 are knowingly made in contemplation of such benefits.

Appears in 3 contracts

Samples: Loan Agreement (Scorpio Tankers Inc.), Loan Agreement (Scorpio Tankers Inc.), Loan Agreement (Scorpio Tankers Inc.)

Acknowledgment of Benefits. Each Guarantor of the Guarantors acknowledges that it will receive substantial direct and indirect benefits from the financing arrangements contemplated by the Finance Documents and that the waivers set forth in this Clause 16 are knowingly made in contemplation of such benefits.

Appears in 2 contracts

Samples: Credit Agreement (Scorpio Bulkers Inc.), Credit Agreement (Scorpio Bulkers Inc.)

Acknowledgment of Benefits. Each Guarantor acknowledges that it will receive substantial direct and indirect benefits from the financing arrangements contemplated by the Finance Loan Documents and that the waivers set forth in this Clause 16 Section 10 are knowingly made in contemplation of such benefits.

Appears in 1 contract

Samples: Credit Agreement (Tidewater Inc)

Acknowledgment of Benefits. Each Guarantor acknowledges that it will receive substantial direct and indirect benefits from the financing arrangements contemplated by the Finance Documents this Indenture and that the Guarantee and waivers set forth in this Clause 16 made by it pursuant to its Note Guarantee are knowingly made in contemplation of such benefits.

Appears in 1 contract

Samples: Indenture (Trico Marine Services Inc)

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Acknowledgment of Benefits. Each The Guarantor acknowledges that it will receive substantial direct and indirect benefits from the financing arrangements contemplated by the Finance Documents and the Master Agreements and that the waivers set forth in this Clause 16 are knowingly made in contemplation of such benefits.

Appears in 1 contract

Samples: Loan Agreement (Scorpio Tankers Inc.)

Acknowledgment of Benefits. Each Guarantor acknowledges that it will receive substantial direct and indirect benefits from the financing arrangements contemplated by the Finance Loan Documents and that the waivers set forth in Section 13.2 and this Clause 16 Section 13.5 are knowingly made in contemplation of such benefits.

Appears in 1 contract

Samples: Senior Secured Super Priority Priming Debtor in Possession Loan and Security Agreement (Tattooed Chef, Inc.)

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