Common use of Benefit of Guaranty Clause in Contracts

Benefit of Guaranty. The value of the consideration received and to be received by each Guarantor as a result of Borrower’s and the Lenders’ entering into the Credit Agreement and each Guarantor’s executing and delivering this Guaranty Agreement is reasonably worth at least as much as the liability and obligation of each Guarantor hereunder, and such liability and obligation and the Credit Agreement have benefited and may reasonably be expected to benefit each Guarantor directly or indirectly.

Appears in 6 contracts

Samples: Credit Facility Agreement (Lennox International Inc), Credit Facility Agreement (Lennox International Inc), Credit Facility Agreement (Lennox International Inc)

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Benefit of Guaranty. The value of the consideration received and to be received by each Guarantor as a result of Borrower’s Borrowers’ and the Lenders’ entering into the Credit Agreement and each Guarantor’s executing and delivering this Guaranty Agreement is reasonably worth at least as much as the liability and obligation of each Guarantor hereunder, and such liability and obligation and the Credit Agreement have benefited and may reasonably be expected to benefit each Guarantor directly or indirectly. The execution, delivery and performance of this Guaranty Agreement is necessary or convenient to the conduct, promotion or attainment of the business of such Guarantor.

Appears in 3 contracts

Samples: Credit Agreement (Valmont Industries Inc), Credit Agreement (Valmont Industries Inc), Credit Agreement (Valmont Industries Inc)

Benefit of Guaranty. The value of the consideration received and to be received by each Guarantor as a result of Borrower’s the Borrowers' and the Lenders' entering into the Credit GUARANTY AGREEMENT (US), Page 4 Agreement and each Guarantor’s 's executing and delivering this Guaranty Agreement is reasonably worth at least as much as the liability and obligation of each Guarantor hereunder, and such liability and obligation and the Credit Agreement have benefited and may reasonably be expected to benefit each Guarantor directly or indirectly.

Appears in 1 contract

Samples: Credit Agreement (IHS Inc.)

Benefit of Guaranty. The value of the consideration received and to be received by each Guarantor as a result of Borrower’s the Borrowers’ and the Lenders’ entering into the Credit Agreement and each Guarantor’s executing and delivering this Guaranty Agreement is reasonably worth at least as much as the liability and obligation of each Guarantor hereunder, and such liability and obligation and the Credit Agreement have benefited and may reasonably be expected to benefit each Guarantor directly or indirectly.

Appears in 1 contract

Samples: Credit Agreement (IHS Inc.)

Benefit of Guaranty. The value of the consideration received and to be received by each Guarantor as a result of Borrower’s the Foreign Borrowers' and the Lenders' entering into the Credit Agreement and each Guarantor’s 's executing and delivering this Guaranty Agreement is reasonably worth at least as much as the liability and obligation of each Guarantor hereunder, and such liability and obligation and the Credit Agreement have benefited and may reasonably be expected to benefit each Guarantor directly or indirectly.

Appears in 1 contract

Samples: Credit Agreement (IHS Inc.)

Benefit of Guaranty. The value of the consideration received and to be received by each Guarantor as a result of Borrower’s the Foreign Borrowers’ and the Lenders’ entering into the Credit Agreement and each Guarantor’s executing and delivering this Guaranty Agreement is reasonably worth at least as much as the liability and obligation of each Guarantor hereunder, and such liability and obligation and the Credit Agreement have benefited and may reasonably be expected to benefit each Guarantor directly or indirectly.

Appears in 1 contract

Samples: Credit Agreement (IHS Inc.)

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Benefit of Guaranty. The value of the consideration received and to be received by each Guarantor as a result of the Borrower’s and the Lenders' entering into the Credit Agreement and each Guarantor’s 's executing and delivering this Guaranty Agreement is reasonably worth at least as much as the liability and obligation of each Guarantor hereunder, and such liability and obligation and the Credit Agreement have benefited and may reasonably be expected to benefit each Guarantor directly or indirectly.

Appears in 1 contract

Samples: Credit Agreement (IHS Inc.)

Benefit of Guaranty. The value of the consideration received and to be received by each Guarantor as a result of the Borrower’s and the Lenders’ entering into the Credit Agreement and each Guarantor’s executing and delivering this Guaranty Agreement is reasonably worth at least as much as the liability and obligation of each Guarantor hereunder, and such liability and obligation and the Credit Agreement have benefited and may reasonably be expected to benefit each Guarantor directly or indirectly.

Appears in 1 contract

Samples: Credit Agreement (IHS Inc.)

Benefit of Guaranty. The value of the consideration received and to be received by each Guarantor as a result of Borrower’s 's and the Lenders' entering into the Credit Agreement and each Guarantor’s 's executing and delivering this Guaranty Agreement is reasonably worth at least as much as the liability and obligation of each Guarantor hereunder, and such liability and obligation and the Credit Agreement have benefited and may reasonably be expected to benefit each Guarantor directly or indirectly.

Appears in 1 contract

Samples: Credit Agreement (IHS Inc.)

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