Best Interests. It is in the best interests of each Grantor to execute this Security Agreement inasmuch as such Grantor will, as a result of being a Subsidiary or an Affiliate of the Company, derive substantial direct and indirect benefits from the issuance of the Notes pursuant to the Indenture, and each Grantor agrees that the Secured Parties are relying on this representation in agreeing to purchase such Notes pursuant to the Indenture from the Company.
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Samples: Pledge and Security Agreement (Swift Transportation Co)
Best Interests. It is in the best interests of each the Grantor to execute this Security Agreement inasmuch in as such much as the Grantor will, as a result of being a Subsidiary or an Affiliate of the Company, derive substantial direct and indirect benefits from the issuance of the Notes pursuant to the IndentureNotes, and each the Grantor agrees that the Secured Parties Holders are relying on this representation in agreeing to purchase such Notes pursuant to the Indenture from the CompanyNotes.
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Samples: Security Agreement (Energy XXI LTD)
Best Interests. It is in the best interests of each Grantor (other than the Borrowers) to execute this Security Agreement inasmuch as such Grantor will, as a result of being a Subsidiary or an Affiliate of the Company, derive substantial direct and indirect benefits from the issuance of the Notes pursuant to the Indenturebenefits, and each Grantor agrees that the Secured Parties are relying on this representation in agreeing to purchase such Notes pursuant to the Indenture from the Companyrepresentation.
Appears in 1 contract
Best Interests. It is in the best interests of each such Grantor to execute this Security Agreement inasmuch as such Grantor will, as a result of being a Subsidiary or an Affiliate of the CompanyParent, derive substantial direct and indirect benefits from the issuance of Notes by the Notes pursuant to the IndentureIssuer, and each Grantor agrees that the Secured Parties Holders are relying on this representation in agreeing to purchase such Notes pursuant to the Indenture from the CompanyNotes.
Appears in 1 contract
Best Interests. It is in the best interests of each Grantor to execute this Security Agreement inasmuch as such Grantor will, as a result of being a Subsidiary or an Affiliate of the Company, will derive substantial direct and indirect benefits from the issuance of loans made by the Notes Secured Parties pursuant to the IndenturePurchase Agreement, and each Grantor agrees that the Secured Parties are relying on this representation in agreeing to purchase such the Notes pursuant to the Indenture from the CompanyPurchase Agreement.
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Samples: Security Agreement (Integrated Environmental Technologies, Ltd.)
Best Interests. It is in the best interests of each Grantor (other than the Company) to execute this Security Agreement inasmuch in as much as such Grantor will, as a result of being a Subsidiary or an Affiliate or Subsidiary of the Company, derive substantial direct and indirect benefits from the issuance of transactions contemplated by the Notes pursuant to the IndentureExchange Agreement, and each Grantor agrees that the Secured Parties Exchanging Noteholders are relying on this representation in agreeing to purchase such Notes pursuant to acquire the Indenture from the CompanyNotes.
Appears in 1 contract
Samples: Junior Lien Pledge and Security Agreement (Flotek Industries Inc/Cn/)