Common use of Benefit to Guarantors Clause in Contracts

Benefit to Guarantors. The Borrower and the Guarantors are engaged in related businesses and integrated to such an extent that the financial strength and flexibility of the Borrower has a direct impact on the success of each Guarantor. Each Guarantor will derive substantial direct and indirect benefit from the extensions of credit hereunder.

Appears in 104 contracts

Samples: Credit Agreement (Bread Financial Holdings, Inc.), Credit Agreement (Centerspace), Credit Agreement (Necessity Retail REIT, Inc.)

AutoNDA by SimpleDocs

Benefit to Guarantors. The Borrower and All of the Guarantors are engaged in related businesses and integrated to such an extent that the financial strength and flexibility of the Borrower each Guarantor has a direct impact on the success of each other Guarantor. Each Guarantor will derive substantial direct and indirect benefit from the extensions extension of credit hereunder.

Appears in 20 contracts

Samples: Multicurrency Credit Agreement, Credit Agreement (Hub Group Inc), Multicurrency Credit Agreement (Gallagher Arthur J & Co)

Benefit to Guarantors. The Borrower Borrowers and the Guarantors are engaged in related businesses and integrated to such an extent that the financial strength and flexibility of the Borrower Borrowers has a direct impact on the success of each Guarantor. Each Guarantor will derive substantial direct and indirect benefit from the extensions of credit hereunder.

Appears in 13 contracts

Samples: Credit Agreement (Delek Logistics Partners, LP), Credit Agreement (Delek Logistics Partners, LP), Credit and Guaranty Agreement (Sparton Corp)

Benefit to Guarantors. The Borrower Company and the Guarantors are engaged in related businesses and integrated to such an extent that the financial strength and flexibility of the Borrower Company has a direct impact on the success of each Guarantor. Each Guarantor will derive substantial direct and indirect benefit from the extensions of credit hereunder.

Appears in 9 contracts

Samples: Credit Agreement (Cigna Group), Credit Agreement (Cigna Group), Credit Agreement Whitestone Reit Operating (Whitestone REIT)

Benefit to Guarantors. The Borrower and the Guarantors are engaged in related businesses and integrated to such an extent that the financial strength and flexibility of the Borrower each Guarantor has a direct impact on the success of each other Guarantor. Each Guarantor will derive substantial direct and indirect benefit from the extensions of credit hereunder.

Appears in 6 contracts

Samples: Credit Agreement (AlTi Global, Inc.), Credit Agreement (AlTi Global, Inc.), Credit Agreement (StoneX Group Inc.)

Benefit to Guarantors. The Borrower Borrowers and the Guarantors are engaged in related businesses and integrated to such an extent that the financial strength and flexibility of the Borrower has a direct impact on the success of each Guarantor. Each Guarantor will derive substantial direct and indirect benefit from the extensions of credit hereunder.

Appears in 5 contracts

Samples: Credit Agreement, Credit Agreement (Smucker J M Co), Credit Agreement (Smucker J M Co)

Benefit to Guarantors. The Borrower and the Guarantors are engaged in related businesses and integrated to such an extent that the financial strength and flexibility of the Borrower has a direct impact on the success of each Guarantor. Each Guarantor will derive substantial direct and indirect benefit from the extensions of credit hereunder. Section 11.8.

Appears in 5 contracts

Samples: Credit Agreement (Jones Lang Lasalle Inc), Credit Agreement (Jones Lang Lasalle Inc), Credit Agreement (Jones Lang Lasalle Inc)

Benefit to Guarantors. The Borrower and all of the Guarantors are engaged in related businesses and integrated to such an extent that the financial strength and flexibility of the Borrower and each Guarantor has a direct impact on the success of each other Guarantor. Each Guarantor will derive substantial direct and indirect benefit from the extensions extension of credit hereunder.

Appears in 4 contracts

Samples: Credit Agreement (Federal Signal Corp /De/), Credit Agreement (Federal Signal Corp /De/), Credit Agreement (Federal Signal Corp /De/)

Benefit to Guarantors. The Borrower and the Guarantors are engaged in related businesses and integrated to such an extent that the financial strength and flexibility of the Borrower and the Guarantors has a direct impact on the success of each Guarantor. Each Guarantor will derive substantial direct and indirect benefit from the extensions of credit hereunder, and each Guarantor acknowledges that this guarantee is necessary or convenient to the conduct, promotion and attainment of its business.

Appears in 4 contracts

Samples: Credit Agreement (StoneX Group Inc.), Credit Agreement (StoneX Group Inc.), Credit Agreement (Intl Fcstone Inc.)

Benefit to Guarantors. The Borrower Company and all of the other Guarantors are engaged in related businesses and integrated to such an extent that the financial strength and flexibility of the Borrower each Guarantor has a direct impact on the success of each other Guarantor. Each Guarantor will derive substantial direct and indirect benefit from the extensions extension of credit hereunder.

Appears in 4 contracts

Samples: Multicurrency Credit Agreement (General Binding Corp), Multicurrency Credit Agreement (General Binding Corp), Credit Agreement (General Binding Corp)

Benefit to Guarantors. The Borrower Borrowers and the Guarantors are engaged in related businesses and integrated to such an extent that the financial strength and flexibility of the Borrower has Borrowers have a direct impact on the success of each Guarantor. Each Guarantor will derive substantial direct and indirect benefit from the extensions of credit hereunder.

Appears in 3 contracts

Samples: Credit Agreement (Boulder Brands, Inc.), Credit Agreement (Boulder Brands, Inc.), Credit Agreement (Smart Balance, Inc.)

Benefit to Guarantors. The Borrower and the Guarantors are engaged in related businesses and integrated to such an extent that the financial strength and flexibility of the Borrower has a direct impact on the success of each Guarantor. Each Guarantor will derive substantial direct and indirect benefit from the extensions of credit hereunder.

Appears in 3 contracts

Samples: Credit Agreement (Sterling Infrastructure, Inc.), Credit Agreement (Sterling Construction Co Inc), Credit Agreement (Techne Corp /Mn/)

Benefit to Guarantors. The Borrower and All of the Guarantors are engaged in related businesses and integrated to such an extent that the financial strength and flexibility of the Borrower each Guarantor has a direct impact on the success of each other Guarantor. Each Guarantor will derive substantial direct and indirect benefit from the extensions of credit hereunder.

Appears in 3 contracts

Samples: Credit Agreement (Rc2 Corp), Credit Agreement (Racing Champions Corp), Credit Agreement (Racing Champions Corp)

Benefit to Guarantors. The Borrower and the other Guarantors are engaged in related businesses and integrated to such an extent that the financial strength and flexibility of the Borrower has a direct impact on the success of each other Guarantor. Each Guarantor will derive substantial direct and indirect benefit from the extensions of credit hereunder.

Appears in 3 contracts

Samples: Credit Agreement (Plexus Corp), Credit Agreement (Plexus Corp), Credit Agreement (Plexus Corp)

Benefit to Guarantors. The Borrower and the Guarantors are engaged in related businesses and integrated to such an extent that the financial strength and flexibility of the Borrower Borrowers has a direct impact on the success of each Guarantor. Each Guarantor will derive substantial direct and indirect benefit from the extensions of credit hereunder.

Appears in 2 contracts

Samples: Promissory Note (Delek Logistics Partners, LP), Promissory Note (Delek US Holdings, Inc.)

Benefit to Guarantors. The Borrower and all of the Guarantors are engaged in related businesses and integrated to such an extent that the financial strength and flexibility of the Borrower and each Guarantor has a direct impact on the success of each Guarantor. Each Guarantor will derive substantial direct and indirect benefit from the extensions of credit hereunder.

Appears in 2 contracts

Samples: Credit Agreement (CTS Corp), Credit Agreement (CTS Corp)

AutoNDA by SimpleDocs

Benefit to Guarantors. The Borrower and the Guarantors are engaged in related businesses and integrated to such an extent that the financial strength and flexibility of the Borrower has a direct impact on the success of each Guarantor. Each Guarantor will derive substantial direct and indirect benefit from the extensions of credit hereunderhereunder and each Guarantor acknowledges that this guarantee is necessary or convenient to the conduct, promotion and attainment of its business.

Appears in 2 contracts

Samples: Credit Agreement (BIO-TECHNE Corp), Credit Agreement (BIO-TECHNE Corp)

Benefit to Guarantors. The Borrower and the Guarantors are engaged in related businesses and integrated to such an extent that the financial strength and flexibility of the Borrower has a direct impact on the success of each Guarantor. Each Guarantor will derive substantial direct and indirect benefit from the extensions of credit hereunder.. Section 10.9

Appears in 2 contracts

Samples: Credit Agreement (Sterling Infrastructure, Inc.), Credit Agreement (Sterling Construction Co Inc)

Benefit to Guarantors. The Borrower and the Guarantors Obligors are engaged in related businesses and integrated to such an extent that the financial strength and flexibility of the Borrower Borrowers and the other Obligors has a direct impact on the success of each Guarantorother Obligors. Each Guarantor will derive substantial direct and indirect benefit from the extensions of credit hereunder, and each Guarantor acknowledges that this guarantee is necessary or convenient to the conduct, promotion and attainment of its business.

Appears in 1 contract

Samples: Loan and Security Agreement (Americas Carmart Inc)

Benefit to Guarantors. “Section 13.8.Benefit to Guarantors” \l 2 . The Borrower and the Guarantors are engaged in related businesses and integrated to such an extent that the financial strength and flexibility of the Borrower has a direct impact on the success of each Guarantor. Each Guarantor will derive substantial direct and indirect benefit from the extensions of credit hereunder.

Appears in 1 contract

Samples: Credit Agreement (Alpine Income Property Trust, Inc.)

Benefit to Guarantors. The Borrower and All of the Guarantors that are engaged in business are engaged in related businesses and integrated to such an extent that the financial strength and flexibility of the Borrower each such Guarantor has a direct impact on the success of each other such Guarantor. Each Guarantor will derive substantial direct and indirect benefit from the extensions extension of credit hereunder.

Appears in 1 contract

Samples: Note and Warrant Purchase Agreement (Argyle Security, Inc.)

Benefit to Guarantors. The Borrower and All of the Guarantors are engaged in related businesses and integrated to such an extent that the financial strength and flexibility of the Borrower and each Guarantor has a direct impact on the success of each Guarantor. Each Guarantor will derive substantial direct and indirect benefit from the extensions extension of credit hereunder.

Appears in 1 contract

Samples: Credit Agreement (CTS Corp)

Benefit to Guarantors. “Section 13.8. Benefit to Guarantors” \l 2 . The Borrower and the Guarantors are engaged in related businesses and integrated to such an extent that the financial strength and flexibility of the Borrower has a direct impact on the success of each Guarantor. Each Guarantor will derive substantial direct and indirect benefit from the extensions of credit hereunder.

Appears in 1 contract

Samples: Credit Agreement (Alpine Income Property Trust, Inc.)

Benefit to Guarantors. The Borrower and All of the Guarantors are engaged in related businesses and integrated to such an extent that the financial strength and flexibility of the Borrower each Guarantor has a direct impact on the success business of each Guarantorthe Borrower. Each Guarantor will derive substantial direct and indirect benefit from the extensions extension of credit hereunder.

Appears in 1 contract

Samples: Credit Agreement (Usfreightways Corp)

Benefit to Guarantors. The Borrower and the Guarantors are engaged in related inrelated businesses and integrated to such an extent that the financial strength and flexibility of the Borrower theBorrower has a direct impact on the success of each Guarantor. Each Guarantor will derive substantial direct substantialdirect and indirect benefit from the extensions of credit hereunder.SECTION 10.09.

Appears in 1 contract

Samples: Credit Agreement (CDW Corp)

Benefit to Guarantors. The Borrower Borrowers and all of the Guarantors are engaged in related businesses and integrated to such an extent that the financial strength and flexibility of the each Borrower and each Guarantor has a direct impact on the success of each Guarantor. Each Guarantor will derive substantial direct and indirect benefit from the extensions of credit hereunder.

Appears in 1 contract

Samples: Credit Agreement (CTS Corp)

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