Common use of Benefit to Guarantor Clause in Contracts

Benefit to Guarantor. 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 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 Guarantor's business and the transactions contemplated in the Credit Agreement produce distinct and identifiable financial and economic direct and indirect benefits to the Guarantor. The representations and warranties set forth in this Section 6 shall survive the execution and delivery of this Guaranty.

Appears in 1 contract

Samples: Credit Agreement (Giant Industries Inc)

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Benefit to Guarantor. 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 CompanyBorrower, the 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 Guarantor's business and the transactions contemplated in the Credit Agreement produce distinct and identifiable financial and economic direct and indirect benefits to the Guarantor. The representations and warranties set forth in this Section 6 shall survive the execution and delivery of this Guaranty.

Appears in 1 contract

Samples: Guaranty Agreement (Bj Services Co)

Benefit to Guarantor. The 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 Guarantor 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 Guarantor's business Guarantors' businesses and the transactions contemplated in the Credit Agreement produce distinct and identifiable financial and economic direct and indirect benefits to the GuarantorGuarantors. The representations and warranties set forth in this Section 6 shall survive the execution and delivery of this Guaranty.

Appears in 1 contract

Samples: Credit Agreement (Giant Industries Inc)

Benefit to Guarantor. 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 or other governing body has made that determination. The Company, the 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 Guarantor's business businesses and the transactions contemplated in the Credit Agreement produce distinct and identifiable financial and economic direct and indirect benefits to the Guarantor. The representations and warranties set forth in this Section 6 shall survive the execution and delivery of this Guaranty.

Appears in 1 contract

Samples: 364 Day Credit Agreement (Oneok Inc /New/)

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Benefit to Guarantor. 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 or other governing body has made that determination. The Company, the 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 Guarantor's business businesses and the transactions contemplated in the Credit Agreement produce distinct and identifiable financial and economic direct and indirect benefits to the Guarantor. The representations and warranties set forth in this Section 6 shall --------- survive the execution and delivery of this Guaranty.

Appears in 1 contract

Samples: Credit Agreement (Oneok Inc /New/)

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