Common use of Acknowledgment of Benefits Clause in Contracts

Acknowledgment of Benefits. Each Subsidiary Guarantor acknowledges that it will receive substantial direct and indirect benefits from the financing arrangements contemplated by the Transaction Documents and that the waivers set forth in this Section 18 are knowingly made in contemplation of such benefits.

Acknowledgment of Benefits. Each Subsidiary Guarantor acknowledges that it will receive substantial direct and indirect benefits from the financing arrangements contemplated by the Transaction Loan Documents and that the waivers set forth in this Section 18 20 (Guarantee and Indemnity) are knowingly made in contemplation of such benefits.