Common use of Benefit to the Guarantor Clause in Contracts

Benefit to the Guarantor. The Borrower is a member of an affiliated group of companies that includes each Guarantor, and the Borrower and the Guarantors are engaged in related businesses. Each Guarantor is a Subsidiary of the Borrower and its guaranty and surety obligations pursuant to this Agreement reasonably may be expected to benefit, directly or indirectly, it; and it has determined that this Agreement is necessary and convenient to the conduct, promotion and attainment of the business of such Guarantor and the Borrower.

Appears in 24 contracts

Samples: Senior Secured Revolving Credit Agreement (Halcon Resources Corp), Senior Secured Revolving Credit Agreement (Halcon Resources Corp), Guarantee and Collateral Agreement (Dune Energy Inc)

AutoNDA by SimpleDocs

Benefit to the Guarantor. The Borrower is a member of an affiliated group of companies that includes each Guarantor, and the Borrower and the other Guarantors are engaged in related businesses. Each Guarantor is a Subsidiary of the Borrower and its guaranty and surety obligations pursuant to this Agreement reasonably may be expected to benefit, directly or indirectly, it; and it has determined that this Agreement is necessary and convenient to the conduct, promotion and attainment of the business of such Guarantor and the Borrower.

Appears in 8 contracts

Samples: Guaranty and Pledge Agreement (Linn Energy, LLC), Guaranty and Pledge Agreement (Linn Energy, LLC), Guaranty and Pledge Agreement (Whittier Energy Corp)

Benefit to the Guarantor. The Borrower is a member of an affiliated group of companies that includes each Guarantor, and the Borrower and the other Guarantors are engaged in related businesses. Each Guarantor is a Subsidiary of the Borrower and its guaranty and surety obligations pursuant to this Agreement may reasonably may be expected to benefit, directly or indirectly, itsuch Subsidiary; and it each Guarantor has determined that this Agreement is necessary and convenient to the conduct, promotion and attainment of the business of such Guarantor and the Borrower.

Appears in 6 contracts

Samples: Assumption Agreement (Teton Energy Corp), Guaranty and Pledge Agreement (Teton Energy Corp), Subordinated Guaranty and Pledge Agreement (Teton Energy Corp)

Benefit to the Guarantor. The Borrower is a member of an affiliated group of companies that includes each the Guarantor, and the Borrower and the Guarantors Guarantor are engaged in related businesses. Each The Guarantor is a Subsidiary the parent of the Borrower and its guaranty and surety obligations pursuant to this Agreement reasonably may be expected to benefit, directly or indirectly, it; and it has determined that this Agreement is necessary and convenient to the conduct, promotion and attainment of the business of such the Guarantor and the Borrower.

Appears in 4 contracts

Samples: Second Lien Guarantee and Pledge Agreement (Kodiak Oil & Gas Corp), Guarantee and Pledge Agreement (Kodiak Oil & Gas Corp), Guarantee and Pledge Agreement (Kodiak Oil & Gas Corp)

Benefit to the Guarantor. The Borrower is a member of an affiliated group of companies that includes each Guarantor, and the Borrower and the Guarantors are engaged in related businessesbusinesses permitted pursuant to Section 7.7 of the Credit Agreement. Each Guarantor (other than the Borrower) is a Subsidiary of the Borrower Borrower, and its in each case, the guaranty and surety obligations of such Guarantor pursuant to this Agreement reasonably may be are expected to benefit, directly or indirectly, itsuch Guarantor; and it has determined that this Agreement is necessary and convenient to the conduct, promotion and attainment of the business of such Guarantor and the BorrowerGuarantor.

Appears in 4 contracts

Samples: Revolving Credit Agreement (PBF Logistics LP), Revolving Credit Agreement (PBF Energy Co LLC), Revolving Credit Agreement (PBF Energy Inc.)

Benefit to the Guarantor. The Borrower is a member of an affiliated group of companies that includes each Guarantor, and the Borrower and the Guarantors are engaged in related businesses. Each Guarantor is a Subsidiary an Affiliate of the Borrower and its guaranty and surety obligations pursuant to this Agreement reasonably may be expected to benefit, directly or indirectly, it; and it has determined that this Agreement is necessary and convenient to the conduct, promotion and attainment of the business of such Guarantor and the Borrower.

Appears in 3 contracts

Samples: Assumption Agreement (Miller Energy Resources, Inc.), Credit Agreement (Miller Energy Resources, Inc.), Guarantee and Collateral Agreement (Miller Energy Resources, Inc.)

Benefit to the Guarantor. The Borrower is a member of an affiliated group of companies that includes each Guarantor, Guarantor and the Borrower and the other Guarantors are engaged in related businesses. Each Guarantor is a Subsidiary of related to the Borrower and its guaranty and surety obligations pursuant to this Agreement reasonably may be is expected to benefit, directly or indirectly, it; and it has determined that this Agreement is necessary and convenient to the conduct, promotion and attainment of the business of such Guarantor and the Borrower.

Appears in 3 contracts

Samples: Guaranty and Collateral Agreement (Whiting Petroleum Corp), Guaranty and Collateral Agreement (Kodiak Oil & Gas Corp), Credit Agreement (Whiting Petroleum Corp)

Benefit to the Guarantor. The Borrower is a member of an affiliated group of companies that includes each Guarantor, and the Borrower and the other Guarantors are engaged in related businesses. Each Guarantor is a Subsidiary or Affiliate of the Borrower and its guaranty and surety obligations pursuant to this Agreement reasonably may be expected to benefit, directly or indirectly, itsuch Subsidiary or Affiliate; and it each Guarantor has determined that this Agreement is necessary and convenient to the conduct, promotion and attainment of the business of such Guarantor and the Borrower.

Appears in 2 contracts

Samples: Guaranty and Pledge Agreement (APEG Energy II, LP), Guaranty and Pledge Agreement (Us Energy Corp)

Benefit to the Guarantor. The Each Borrower is a member of an affiliated group of companies that includes each GuarantorGuarantor and each Borrower, and the Borrower and the other Guarantors are engaged in related businesses. Each Guarantor is a Subsidiary an Affiliate of the each Borrower and its guaranty and surety obligations pursuant to this Agreement reasonably may be expected to benefit, directly or indirectly, it; and it has determined that this Agreement is necessary and convenient to the conduct, promotion and attainment of its business and the business of such each other Guarantor and the each Borrower.

Appears in 2 contracts

Samples: Assumption Agreement (Hornbeck Offshore Services Inc /La), Assumption Agreement (Hornbeck Offshore Services Inc /La)

Benefit to the Guarantor. The Borrower is a member of an affiliated group of companies that includes each Guarantor, and the Borrower and the Guarantors are engaged in related businesses. Each Guarantor is a Subsidiary of the Borrower and and, after taking into account all rights of contribution of each Grantor against other Grantors, if any, under this Agreement, at law, in equity or otherwise, its guaranty and surety obligations pursuant to this Agreement reasonably may be expected to benefit, directly or indirectly, it; and it has determined that this Agreement is necessary and convenient to the conduct, promotion and attainment of the business of such Guarantor and the Borrower.

Appears in 2 contracts

Samples: Credit Agreement (Montage Resources Corp), Credit Agreement (Eclipse Resources Corp)

Benefit to the Guarantor. The Borrower is a member of an affiliated group of companies that includes each Guarantor, Guarantor and the Borrower and the other Guarantors are engaged in related businesses. Each Guarantor is a Subsidiary an Affiliate of the Borrower and its guaranty and surety obligations pursuant to this Agreement reasonably may be expected to benefit, directly or indirectly, it; and it has determined that this Agreement is necessary and convenient to the conduct, promotion and attainment of the business of such Guarantor and the Borrower.

Appears in 2 contracts

Samples: Guaranty and Collateral Agreement (Hornbeck Offshore Services Inc /La), Collateral Agreement (Aurora Oil & Gas CORP)

Benefit to the Guarantor. The Borrower is a member of an affiliated group of companies that includes each Guarantor, and the Borrower and the other Guarantors are engaged in related businesses. Each Guarantor is a Subsidiary of the Borrower (other than Holdings, which is the sole owner of the Equity Interests of the Borrower) and its guaranty and surety obligations pursuant to this Agreement reasonably may be expected to benefit, directly or indirectly, it; and it has determined that this Agreement is necessary and convenient to the conduct, promotion and attainment of the business of such Guarantor and the Borrower.

Appears in 2 contracts

Samples: Credit Agreement (HighPoint Resources Corp), Credit Agreement (Bill Barrett Corp)

Benefit to the Guarantor. The Borrower is a member of an affiliated group of companies that includes each Guarantor, and the Borrower and the Guarantors are engaged in related businesses. Each Guarantor is a Subsidiary of the Borrower and Parent and, after taking into account all rights of contribution of each Grantor against other Grantors, if any, under this Agreement, at law, in equity or otherwise, its guaranty and surety obligations pursuant to this Agreement reasonably may be expected to benefit, directly or indirectly, it; and it has determined that this Agreement is necessary and convenient to the conduct, promotion and attainment of the business of such Guarantor and the Borrower.

Appears in 2 contracts

Samples: Guarantee and Collateral Agreement (Sundance Energy Australia LTD), Guarantee and Collateral Agreement (Sundance Energy Australia LTD)

Benefit to the Guarantor. The Borrower is a member of an affiliated group of companies that includes each Guarantor, and the Borrower and the Guarantors are engaged in related businesses. Each The Borrower is a subsidiary of the Parent and each Guarantor (other than the Parent) is a Subsidiary of the Borrower and its guaranty each Guarantor’s guarantee and surety obligations pursuant to this Agreement reasonably may be expected to benefit, directly or indirectly, it; and it has determined that this Agreement is necessary and convenient to the conduct, promotion and attainment of the business of such Guarantor and the Borrower.

Appears in 2 contracts

Samples: Guaranty and Collateral Agreement, Guaranty and Collateral Agreement (Ultra Petroleum Corp)

Benefit to the Guarantor. The Borrower is a member of an affiliated group of companies that includes each GuarantorGuarantor and Borrower, and the Borrower and the other Guarantors are engaged in related businesses. Each Guarantor is a Subsidiary an Affiliate of the Borrower and its guaranty and surety obligations pursuant to this Agreement reasonably may be expected to benefit, directly or indirectly, it; and it has determined that this Agreement is necessary and convenient to the conduct, promotion and attainment of its business and the business of such each other Guarantor and the Borrower.

Appears in 2 contracts

Samples: Guaranty and Security Agreement (Hornbeck Offshore Services Inc /La), Guaranty and Security Agreement

Benefit to the Guarantor. The Borrower is a member of an affiliated group of companies that includes each Guarantor, Guarantor and the Borrower and the other Guarantors are engaged in related businesses. Each Guarantor is a Subsidiary of the Borrower and its each such Person’s guaranty and surety obligations pursuant to this Agreement reasonably may be expected to benefit, directly or indirectly, it; and it has determined that this Agreement is necessary and convenient to the conduct, promotion and attainment of the business of such Guarantor and the Borrower.

Appears in 1 contract

Samples: Credit Agreement (Hercules Offshore, LLC)

Benefit to the Guarantor. The Borrower is a member of an affiliated group of companies that includes each the Guarantor, and the Borrower and the Guarantors Guarantor are engaged in related businesses. Each Guarantor The Borrower is a Subsidiary the wholly-owned subsidiary of the Borrower Guarantor and its the Guarantor’s guaranty and surety obligations pursuant to this Agreement reasonably may be expected to benefit, directly or indirectly, it; and it has determined that this Agreement is necessary and convenient to the conduct, promotion and attainment of the business of such the Guarantor and the Borrower.

Appears in 1 contract

Samples: Guaranty and Pledge Agreement (Petro Resources Corp)

Benefit to the Guarantor. The Borrower is a member of an affiliated group of companies that includes each Guarantor, and the Borrower and the Guarantors are engaged in related businesses. Each Guarantor is a Subsidiary of the Borrower and its guaranty and surety obligations pursuant to this Agreement reasonably may be expected to benefit, directly or indirectly, it; and it has determined that this Agreement is necessary and convenient to the conduct, promotion and attainment of the business of such Guarantor and the Borrower.

Appears in 1 contract

Samples: Credit Agreement (Atlas Growth Partners, L.P.)

Benefit to the Guarantor. The Borrower is a member of an affiliated group of companies that includes each Guarantor, and the Borrower and the Guarantors are engaged in related businesses. Each Guarantor is a Restricted Subsidiary of the Borrower Borrower, and its guaranty and surety obligations pursuant to this Agreement reasonably may be expected to benefitbenefit it, directly or indirectly, it; and it . Each Guarantor has determined that this Agreement is necessary and convenient to the conduct, promotion and attainment of the business of such Guarantor and the Borrower.

Appears in 1 contract

Samples: Guaranty Agreement (Exterran Holdings Inc.)

AutoNDA by SimpleDocs

Benefit to the Guarantor. The Borrower is a member of an affiliated group of companies that includes each Guarantor, and the Borrower and the other Guarantors are engaged in related businesses. Each Guarantor is a Subsidiary of the Borrower and its The guaranty and surety obligations pursuant to this Agreement reasonably may be expected to benefit, directly or indirectly, iteach Guarantor; and it has they have determined that this Agreement is necessary and convenient to the conduct, promotion and attainment of the their business and that of such Guarantor and the Borrower.

Appears in 1 contract

Samples: Guaranty and Collateral Agreement (Global Geophysical Services Inc)

Benefit to the Guarantor. The Borrower is a member of an affiliated group of companies that includes each Guarantor, and the Borrower and the Guarantors are engaged in related businesses. Each Guarantor is a Subsidiary of the Borrower and its Guarantor’s guaranty and surety obligations pursuant to this Agreement reasonably may be expected to benefit, directly or indirectly, itsuch Guarantor; and it has determined that this Agreement is necessary and convenient to the conduct, promotion and attainment of the business of such Guarantor and the Borrower.

Appears in 1 contract

Samples: Intercreditor Agreement (U.S. Well Services, Inc.)

Benefit to the Guarantor. The Borrower is a member of an affiliated group of companies that includes each Guarantor, and the Borrower and the other Guarantors are engaged in related businesses. Each Guarantor is the Parent or a Subsidiary of the Borrower and its guaranty and surety obligations pursuant to this Agreement reasonably may be expected to benefit, directly or indirectly, itsuch Subsidiary; and it each Guarantor has determined that this Agreement is necessary and convenient to the conduct, promotion and attainment of the business of such Guarantor and the Borrower.

Appears in 1 contract

Samples: Credit Agreement (Oasis Petroleum Inc.)

Benefit to the Guarantor. The Each Borrower is a member of an affiliated group of companies that includes each Guarantor, Guarantor and the each Borrower and the other Guarantors are engaged in related businesses. Each Guarantor is a Restricted Subsidiary of the Borrower Holdings and its guaranty and surety obligations pursuant to this Agreement reasonably may be expected to benefit, directly or indirectly, it; and it has determined that this Agreement is necessary and convenient to the conduct, promotion and attainment of the business of such Guarantor and the each Borrower.

Appears in 1 contract

Samples: Guaranty Agreement (Universal Compression Inc)

Benefit to the Guarantor. The Borrower is a member of an affiliated group of companies that includes each Guarantor, and the Borrower and the Guarantors are engaged in related businessesbusinesses permitted pursuant to Section 7.07 of the Credit Agreement. Each Guarantor (other than the Borrower) is a Subsidiary of the Borrower Borrower, and its in each case, the guaranty and surety obligations of such Guarantor pursuant to this Agreement reasonably may be are expected to benefit, directly or indirectly, itsuch Guarantor; and it has determined that this Agreement is necessary and convenient to the conduct, promotion and attainment of the business of such Guarantor and the BorrowerGuarantor.

Appears in 1 contract

Samples: Option Agreement And

Benefit to the Guarantor. The Borrower is a member Borrowers are members of an affiliated group of companies that includes each Guarantor, Guarantor and the Borrower Borrowers and the other Guarantors are engaged in related businesses. Each Guarantor is a Subsidiary an Affiliate of the Borrower Borrowers and its guaranty and surety obligations pursuant to this Agreement reasonably may be expected to benefit, directly or indirectly, it; and it has determined that this Agreement is necessary and convenient to the conduct, promotion and attainment of the business of such Guarantor and the BorrowerBorrowers.

Appears in 1 contract

Samples: Guaranty and Collateral Agreement (Hornbeck Offshore Services Inc /La)

Benefit to the Guarantor. The Borrower is a member Borrowers are members of an affiliated group of companies that includes each Guarantor, Guarantor and the Borrower Borrowers and the other Guarantors are engaged in related businesses. Each Guarantor is a Subsidiary of one of the Borrower Borrowers and its guaranty guarantee and surety obligations pursuant to this Agreement reasonably may be expected to benefit, directly or indirectly, it; and it has determined that this Agreement is necessary and convenient to the conduct, promotion and attainment of the business of such Guarantor and the BorrowerBorrowers.

Appears in 1 contract

Samples: Guarantee and Collateral Agreement (Parallel Petroleum Corp)

Benefit to the Guarantor. The Borrower is a member Borrowers are members of an affiliated group of companies that includes each Guarantor, and the Borrower and the Guarantors are engaged in related businesses. Each Guarantor is a Subsidiary of the Borrower US Borrower, and its guaranty and surety obligations pursuant to this Agreement reasonably may be expected to benefit, directly or indirectly, it; the Borrowers, and it has determined that this Agreement is necessary and convenient to the conduct, promotion and attainment of the business of such Guarantor and the BorrowerBorrowers.

Appears in 1 contract

Samples: Us Guaranty Agreement (Exterran Holdings Inc.)

Benefit to the Guarantor. The Borrower is a member of an affiliated group of companies that includes each Guarantor, Guarantor and the Borrower and the other Guarantors are engaged in related businesses. Each Guarantor is a Subsidiary of the Borrower and its guaranty and surety obligations pursuant to this Agreement reasonably may be expected to benefitbenefit it, directly or indirectly, it; and it has determined that this Agreement is necessary and convenient to the conduct, promotion and attainment of the business of such Guarantor and the Borrower.

Appears in 1 contract

Samples: Guaranty and Collateral Agreement (Mission Resources Corp)

Benefit to the Guarantor. The Borrower is a member of an affiliated group of companies that includes each Guarantor, Guarantor and the Borrower and the other Guarantors are engaged in related businesses. Each Guarantor is a Subsidiary of the Borrower and its guaranty and surety obligations pursuant to this Agreement Guaranty reasonably may be expected to benefitbenefit it, directly or indirectly, it; and it has determined that this Agreement Guaranty is necessary and convenient to the conduct, promotion and attainment of the business of such Guarantor and the Borrower.

Appears in 1 contract

Samples: Guaranty and Collateral Agreement (Mission Resources Corp)

Benefit to the Guarantor. The Borrower is a member of an affiliated group of companies that includes each Guarantor, and the Borrower and the other Guarantors are engaged in related businesses. Each Guarantor (other than EXLP) is a Restricted Subsidiary of the Borrower EXLP, and its guaranty and surety obligations pursuant to this Agreement reasonably may be expected to benefitbenefit it, directly or indirectly, it; and it . Each Guarantor has determined that this Agreement is necessary and convenient to the conduct, promotion and attainment of the business of such Guarantor and the Borrower.

Appears in 1 contract

Samples: Guaranty Agreement (Exterran Partners, L.P.)

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