Benefit to Guarantors. The Loan Parties are engaged in related businesses and integrated to such an extent that the financial strength and flexibility of the Borrower and the other Loan Parties has a direct impact on the success of each other Loan Party. 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 23 contracts
Samples: Credit Agreement (PERDOCEO EDUCATION Corp), Credit Agreement (Shimmick Corp), Credit Agreement (Postal Realty Trust, Inc.)
Benefit to Guarantors. The Loan Parties are engaged in related businesses and integrated to such an extent that the financial strength and flexibility of the Borrower and the other Loan Parties has a direct impact on the success of each other Loan PartyGuarantor. 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 7 contracts
Samples: Credit Agreement (Limbach Holdings, Inc.), Credit Agreement (ATN International, Inc.), Credit Agreement (ATN International, Inc.)
Benefit to Guarantors. The Loan Parties are engaged in related businesses and integrated to such an extent that the financial strength and flexibility of the Borrower Borrowers and the other Loan Parties has a direct impact on the success of each other Loan Party. 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 6 contracts
Samples: Credit Agreement (Career Education Corp), Credit Agreement (Hub Group, Inc.), Credit Agreement (Career Education Corp)
Benefit to Guarantors. The Loan Parties are engaged in related businesses and integrated to such an extent that the financial strength and flexibility of the Borrower and the other Loan Parties has a direct impact on the success of each other Loan Party. 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 3 contracts
Samples: Multicurrency Credit Agreement (Fenix Parts, Inc.), Multicurrency Credit Agreement (Fenix Parts, Inc.), Multicurrency Credit Agreement (Fenix Parts, Inc.)
Benefit to Guarantors. The Loan Credit Parties and Guarantors are engaged in related businesses and integrated to such an extent that the financial strength and flexibility of the Borrower BorrowerBorrowers and the other Loan Credit Parties and Guarantors has a direct impact on the success of each other Loan Partyparty. 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.
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Benefit to Guarantors. The Loan Credit Parties and Guarantors are engaged in related businesses and integrated to such an extent that the financial strength and flexibility of the Borrower and the other Loan Credit Parties and Guarantors has a direct impact on the success of each other Loan Partyparty. 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.. [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]
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