Common use of Benefit to Guarantor Clause in Contracts

Benefit to Guarantor. Each Guarantor represents and warrants that the Guarantor has determined that its liability and obligation under this Guaranty will substantially benefit it directly, and its board of directors has made that determination. The Company, the Guarantors and the other Subsidiaries of the Company are mutually dependent on each other in the conduct of their respective businesses and do business together as an integrated business enterprise. The maintenance and improvement of the Company's financial condition is vital to sustaining the Guarantors' businesses and the transactions contemplated in the Credit Agreement produce distinct and identifiable financial and economic direct and indirect benefits to the Guarantors. The representations and warranties set forth in this Section 6 shall survive the execution and delivery of this Guaranty. Section 7.

Appears in 1 contract

Samples: Credit Agreement (Giant Industries Inc)

AutoNDA by SimpleDocs

Benefit to Guarantor. Each Guarantor represents and warrants that the The Guarantor has determined that its liability and obligation under this Guaranty will substantially benefit it directly, and its board of directors has made that determination. The CompanyBorrower, the Guarantors Guarantor and the other Subsidiaries of the Company are mutually dependent on each other in the conduct of their respective businesses and do business together as an integrated business enterprise. The maintenance and improvement of the Company's financial condition is vital to sustaining the Guarantors' businesses Guarantor's business and the transactions contemplated in the Credit Agreement produce distinct and identifiable financial and economic direct and indirect benefits to the GuarantorsGuarantor. The representations and warranties set forth in this Section 6 shall survive the execution and delivery of this Guaranty. Section 7.

Appears in 1 contract

Samples: Guaranty Agreement (Bj Services Co)

Benefit to Guarantor. Each The Guarantor represents and warrants that the Guarantor has determined that its liability and obligation under this Guaranty will substantially benefit it directly, and its board of directors has made that determination. The Company, the Guarantors Guarantor and the other Subsidiaries of the Company are mutually dependent on each other in the conduct of their respective businesses and do business together as an integrated business enterprise. The maintenance and improvement of the Company's financial condition is vital to sustaining the Guarantors' businesses Guarantor's business and the transactions contemplated in the Credit Agreement produce distinct and identifiable financial and economic direct and indirect benefits to the GuarantorsGuarantor. The representations and warranties set forth in this Section 6 shall survive the execution and delivery of this Guaranty. Section 7.

Appears in 1 contract

Samples: Credit Agreement (Giant Industries Inc)

Benefit to Guarantor. Each Guarantor represents and warrants -------------------- that the Guarantor has determined that its liability and obligation under this Guaranty will substantially benefit it directly, and its board of directors or other governing body has made that determination. The Company, the Guarantors Guarantor and the other Subsidiaries of the Company are mutually dependent on each other in the conduct of their respective businesses and do business together as an integrated business enterprise. The maintenance and improvement of the Company's financial condition is vital to sustaining the Guarantors' Guarantor's businesses and the transactions contemplated in the Credit Agreement produce distinct and identifiable financial and economic direct and indirect benefits to the GuarantorsGuarantor. The representations and warranties set forth in this Section 6 shall --------- survive the execution and delivery of this Guaranty. Section 7.

Appears in 1 contract

Samples: Credit Agreement (Oneok Inc /New/)

AutoNDA by SimpleDocs

Benefit to Guarantor. Each Guarantor represents and warrants that the Guarantor has determined that its liability and obligation under this Guaranty will substantially benefit it directly, and its board of directors or other governing body has made that determination. The Company, the Guarantors Guarantor and the other Subsidiaries of the Company are mutually dependent on each other in the conduct of their respective businesses and do business together as an integrated business enterprise. The maintenance and improvement of the Company's financial condition is vital to sustaining the Guarantors' Guarantor's businesses and the transactions contemplated in the Credit Agreement produce distinct and identifiable financial and economic direct and indirect benefits to the GuarantorsGuarantor. The representations and warranties set forth in this Section 6 shall survive the execution and delivery of this Guaranty. Section 7.

Appears in 1 contract

Samples: Credit Agreement (Oneok Inc /New/)

Time is Money Join Law Insider Premium to draft better contracts faster.