Basis for Structure. HC and HMC desire to utilize their borrowing potential on a combined basis to the same extent possible if they were merged into a single corporate entity. Each has determined that it will specifically and materially benefit from all Borrowings. They intend, and the Agent and the Lenders have required, that the Companies jointly and severally execute and deliver this Agreement, the Senior Credit Note and certain other Facilities Papers. Each Company has requested and bargained for the structure and terms of, and security for, all Borrowings.
Basis for Structure. The Companies desire to utilize their borrowing potential on a combined basis to the same extent possible if they were merged into a single corporate entity. Each of the Companies has determined that it will specifically and materially benefit from all Borrowings. The Companies intend, and the Lenders have required, that the Companies jointly and severally execute and deliver this Agreement, the Senior Credit Note and certain other Facilities Papers. Each of the Companies has requested and bargained for the structure and terms of, and security for, all Borrowings.
Basis for Structure. The Company and FIC desire to utilize their borrowing potential on a combined basis to the same extent possible if they were merged into a single corporate entity. Each has determined that it will specifically and materially benefit from all Borrowings. They intend, and the Lender has required, that the Borrowers jointly and severally execute and deliver this Agreement, the Senior Credit Note and certain other Credit Papers. Each Borrower has requested and bargained for the structure and terms of, and security for, all Borrowings.
Basis for Structure. RMC and RMCMC have each determined that they will specifically and materially benefit from all Transactions hereunder. They intend, and Buyer has required, that RMC and RMCMC jointly and severally execute and deliver this Agreement and certain other Transaction Documents. Each Seller has requested and bargained for the structure and terms of, and security for, all Transactions.
Basis for Structure. UAMC LLC and UAMC CA have each determined that they will specifically and materially benefit from all Transactions hereunder. They intend, and Administrative Agent and Buyers have required, that UAMC LLC and UAMC CA jointly and severally execute and deliver this Agreement and certain other Transaction Documents. Each Seller has requested and bargained for the structure and terms of, and security for, all Transactions.
Basis for Structure. PMC and POP have each determined that they will specifically and materially benefit from all Transactions hereunder. They intend, and Buyer has required, that PMC and POP jointly and severally execute and deliver this Agreement and certain other Transaction Documents. Each Seller has requested and bargained for the structure and terms of, and security for, all Transactions.
Basis for Structure. Borrowers desire to utilize their borrowing potential on a combined basis to the same extent possible if they were merged into a single-corporate entity. Each Borrower has determined that it will specifically and materially benefit from all Borrowings. Borrowers intend and Lender has required that all Borrowers jointly and severally execute and deliver this Agreement, the Note, and certain other Loan Documents. Borrowers have requested and bargained for the structure and terms of, and security for, all Borrowings.
Basis for Structure. The Companies that execute this Agreement (the Borrowers and, in the capacity and for the purposes stated in the paragraph immediately above its signature block below, MCAI-Ohio) desire to utilize their borrowing potential on a combined basis to the same extent possible if they were merged into a single corporate entity (although MCAI-Ohio has no right to borrow hereunder). Each such Company has determined that it will specifically and materially benefit from all Borrowings. The Companies intend, and Agent and Lenders have required, that all Companies jointly and severally execute and deliver this Agreement, the Notes, and certain other Seasoned Warehouse Loan Documents and -- although MCAI-Ohio cannot borrow hereunder, as aforesaid -- MCAI-Ohio joins in this Agreement so that Collateral owned by MCAI-Ohio (provided that it would otherwise qualify as Eligible Seasoned Collateral) may be considered Eligible Seasoned Collateral and so that its value may be included in any relevant Borrowing Base. The Companies, including MCAI-Ohio, have requested and bargained for the structure and terms of, and security for, all Borrowings.
