Common use of Benefit to Guarantor Clause in Contracts

Benefit to Guarantor. Each Guarantor acknowledges that the Loans made to the Borrower may be, in part, re-loaned to, or used for the benefit of, such Guarantor and its Affiliates, that each Guarantor, because of the utilization of the proceeds of the Loans, will receive a direct benefit from the Loans and that, without the Loans, such Guarantor would not be able to continue its operations and carry on its business as presently conducted.

Appears in 7 contracts

Samples: Credit Agreement (Stewart Information Services Corp), Credit Agreement (Cardtronics Inc), Credit Agreement (Cardtronics Inc)

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Benefit to Guarantor. Each Guarantor acknowledges that the Loans made to the Borrower Borrowers may be, in part, re-loaned to, or used for the benefit of, such Guarantor and its Affiliates, that each Guarantor, because of the utilization of the proceeds of the Loans, will receive a direct benefit from the Loans and that, without the Loans, such Guarantor would not be able to continue its operations and carry on its business as presently conducted.

Appears in 3 contracts

Samples: Credit Agreement (Dynamic Materials Corp), Credit Agreement (Dynamic Materials Corp), Credit Agreement (Dynamic Materials Corp)

Benefit to Guarantor. Each Guarantor acknowledges that the Loans made to the Borrower may will be, in part, re-loaned to, or used for the benefit of, such Guarantor and its Affiliates, that each Guarantor, because of the utilization of the proceeds of the Loans, will receive a direct benefit directly or indirectly from the Loans and that, without the Loans, that such Guarantor would not be able to continue Loans will directly or indirectly benefit its operations and its ability to carry on its business as presently conducted.

Appears in 3 contracts

Samples: Assignment and Assumption (Quanex Building Products CORP), Assignment and Assumption (Quanex Building Products CORP), Credit Agreement (Quanex Corp)

Benefit to Guarantor. Each Guarantor acknowledges that the Loans made to the Borrower may will be, in part, re-loaned to, or used for the benefit of, such Guarantor and its Affiliates, that each Guarantor, because of the utilization of the proceeds of the Loans, will receive a direct benefit from the Loans and that, without the Loans, such Guarantor would not be able to continue its operations and carry on its business as presently conducted.

Appears in 2 contracts

Samples: Bridge Loan Agreement (Ion Geophysical Corp), Credit Agreement (Input Output Inc)

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Benefit to Guarantor. Each Guarantor acknowledges that the Loans and other extensions of credit made to the Borrower Borrowers may be, in part, re-loaned to, or used for the benefit of, such Guarantor and its Affiliates, that each Guarantor, because of the utilization of the proceeds of the LoansLoans and such other extensions of credit, will receive a direct benefit from the Loans and such other extensions of credit and that, without the LoansLoans and such other extensions of credit, such Guarantor would not be able to continue its operations and carry on its business as presently conducted.

Appears in 1 contract

Samples: Credit Agreement (Cardtronics PLC)

Benefit to Guarantor. Each Guarantor acknowledges that the Loans made to the Borrower Borrowers may be, in part, re-loaned to, or used for the benefit of, such Guarantor and its Affiliates, that each Guarantor, because of the utilization of the proceeds of the Loans, will receive a direct or indirect benefit from the Loans and that, without the Loans, such Guarantor would not be able to continue its operations and carry on its business as presently conducted.. -84

Appears in 1 contract

Samples: Credit Agreement (Fei Co)

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