Common use of Certain Borrower Acknowledgments and Agreements Clause in Contracts

Certain Borrower Acknowledgments and Agreements. (a) Each Borrower acknowledges that it will enjoy significant benefits from the business conducted by the other Borrowers because of, inter alia, their combined ability to bargain with other Persons including without limitation their ability to receive this credit facility on favorable terms granted by this Agreement and other Credit Documents which would not have been available to an individual Borrower acting alone. Each Borrower has determined that it is in its best interest to procure this credit facility which each Borrower may utilize directly and which receive the credit support of the other Borrowers as contemplated by this Agreement and the other Credit Documents.

Appears in 7 contracts

Samples: Loan and Security Agreement (C & F Financial Corp), Loan and Security Agreement (Aaron's Inc), Loan and Security Agreement (CompuCredit Holdings Corp)

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Certain Borrower Acknowledgments and Agreements. (a) Each Borrower acknowledges that it will enjoy significant benefits from the business conducted by the other Borrowers because of, inter alia, their combined ability to bargain with other Persons including including, without limitation limitation, their ability to receive this credit facility the Credit Facility on favorable terms granted by this the Credit Agreement and other Credit Loan Documents which would not have been available to an individual Borrower acting alone. Each Borrower has determined that it is in its best interest to procure this credit facility the Credit Facility which each Borrower may utilize directly and which receive the credit support of the other Borrowers as contemplated by this the Credit Agreement and the other Credit Loan Documents.

Appears in 3 contracts

Samples: Credit Agreement (Clarient, Inc), Credit Agreement (Clarient, Inc), Credit Agreement (Clarient, Inc)

Certain Borrower Acknowledgments and Agreements. (a) Each Borrower acknowledges that it will enjoy significant benefits from the business conducted by the other Borrowers because of, inter alia, their combined ability to bargain with other Persons including including, without limitation limitation, their ability to receive this credit facility the Credit Facility on favorable terms granted by this Agreement and other Credit Loan Documents which would not have been available to an individual Borrower acting alone. Each Borrower has determined that it is in its best interest to procure this credit facility the Credit Facility which each Borrower may utilize directly and which receive the credit support of the other Borrowers as contemplated by this Agreement and the other Credit Loan Documents.

Appears in 3 contracts

Samples: Credit Agreement (Prospect Medical Holdings Inc), Credit Agreement (Clarient, Inc), Credit Agreement (Clarient, Inc)

Certain Borrower Acknowledgments and Agreements. (a) Each Borrower acknowledges that it will enjoy significant benefits from the business conducted by the other Borrowers because of, inter alia, their combined ability to bargain with other Persons including without limitation their ability to receive this credit facility the Credit Facility on favorable terms granted by this Agreement and other Credit Loan Documents which would not have been available to an individual Borrower acting alone. Each Borrower has determined that it is in its best interest to procure this credit facility the Credit Facility which each Borrower may utilize directly and which receive the credit support of the other Borrowers as contemplated by this Agreement and the other Credit Loan Documents.

Appears in 2 contracts

Samples: Loan and Security Agreement (New York Health Care Inc), Loan and Security Agreement (Orion Healthcorp Inc)

Certain Borrower Acknowledgments and Agreements. (a) Each Borrower acknowledges that it will enjoy significant benefits from the business conducted by the other Borrowers because of, inter alia, their combined ability to bargain with other Persons including without limitation their ability to receive the credit extensions under this credit facility Agreement and the other Loan Documents on favorable terms granted by this Agreement and other Credit Loan Documents which would not have been available to an individual Borrower acting alone. Each Borrower has determined that it is in its best interest to procure this credit facility which each Borrower may utilize directly and which receive the Credit Facility contemplated hereunder, with the credit support of the other Borrowers as contemplated by this Agreement and the other Credit Loan Documents.

Appears in 1 contract

Samples: Credit and Security Agreement (Greenbrook TMS Inc.)

Certain Borrower Acknowledgments and Agreements. (a) Each Borrower acknowledges that it will enjoy significant benefits from the business conducted by the other Borrowers because of, inter alia, their combined ability to bargain with other Persons persons including without limitation their ability to receive the credit extensions under this credit facility Agreement and the other Loan Documents on favorable terms granted by this Agreement and other Credit Loan Documents which would not have been available to an individual Borrower acting alone. Each Borrower has determined that it is in its best interest to procure this the credit facility which each Borrower may utilize directly and which receive facilities contemplated hereunder, with the credit support of the other Borrowers as contemplated by this Agreement and the other Credit Loan Documents.

Appears in 1 contract

Samples: Term Loan and Security Agreement (Summit Healthcare REIT, Inc)

Certain Borrower Acknowledgments and Agreements. (a) Each Borrower acknowledges that it will enjoy significant benefits from the business conducted by the other Borrowers Borrower because of, inter alia, their combined ability to bargain with other Persons including including, without limitation limitation, their ability to receive this credit facility the Revolving Credit Facility and Term Loan Facility on favorable terms granted by this Agreement and the other Credit Loan Documents which would not have been available to an individual Borrower acting alone. Each Borrower has determined that it is in its best interest to procure this credit facility the Revolving Credit Facility and Term Loan Facility which each Borrower may utilize directly and which receive the credit support of the other Borrowers Borrower as contemplated by this Agreement and the other Credit Loan Documents.

Appears in 1 contract

Samples: Credit Agreement (Green Plains Renewable Energy, Inc.)

Certain Borrower Acknowledgments and Agreements. (a) 13.1.1 Each Borrower acknowledges that it will enjoy significant benefits from the business conducted by the other Borrowers because of, inter alia, their combined ability to bargain with other Persons including without limitation their ability to receive this credit facility the Total Credit Facility on favorable terms granted by this Agreement and other Credit Loan Documents which would not have been available to an individual Borrower acting alone. Each Borrower has determined that it is in its best interest to procure this credit facility the Total Credit Facility which each Borrower may utilize directly and which receive the credit support of the other Borrowers Borrower as contemplated by this Agreement and the other Credit Loan Documents.

Appears in 1 contract

Samples: Loan and Security Agreement (Gulfside Supply, Inc.)

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Certain Borrower Acknowledgments and Agreements. (a) Each Borrower acknowledges that it will enjoy significant benefits from the business conducted by the other Borrowers Borrower because of, inter alia, their combined Borrower’s ability to bargain with other Persons including without limitation their its ability to receive this credit facility the Credit Facility on favorable terms granted by this Agreement and other Credit Loan Documents which would not have been available to an individual Borrower acting alone. Each Borrower has determined that it is in its Borrower’s best interest to procure this credit facility the Credit Facility which each Borrower may utilize directly and which receive the credit support of the other Borrowers Borrower as contemplated by this Agreement and the other Credit Loan Documents.

Appears in 1 contract

Samples: Credit Agreement (Assisted 4 Living, Inc.)

Certain Borrower Acknowledgments and Agreements. (a) Each Borrower acknowledges that it will enjoy significant benefits from the business conducted by the other Borrowers Xxxxxxxx because of, inter alia, their combined Xxxxxxxx’s ability to bargain with other Persons including without limitation their its ability to receive this credit facility the Credit Facility on favorable terms granted by this Agreement and other Credit Loan Documents which would not have been available to an individual Borrower acting alone. Each Borrower has determined that it is in its Xxxxxxxx’s best interest to procure this credit facility the Credit Facility which each Borrower may utilize directly and which receive the credit support of the other Borrowers Borrower as contemplated by this Agreement and the other Credit Loan Documents.

Appears in 1 contract

Samples: Credit Agreement (Enzo Biochem Inc)

Certain Borrower Acknowledgments and Agreements. (a) Each Borrower acknowledges that it will enjoy significant benefits from the business conducted by the other Borrowers because of, inter alia, their combined ability to bargain with other Persons including without limitation their ability to receive this credit facility the Credit Facility on favorable terms granted by this Agreement and other Credit Loan Documents which would not have been available to an individual Borrower acting alone. Each Borrower has determined that it is in its best interest to procure this credit facility the Credit Facility which each Borrower may utilize directly and which receive the credit support of the other Borrowers as contemplated by this Amendment, the Loan Agreement and the other Credit Loan Documents.

Appears in 1 contract

Samples: Loan and Security Agreement (Healthessentials Solutions Inc)

Certain Borrower Acknowledgments and Agreements. (a) Each Borrower acknowledges that it will enjoy significant benefits from the business conducted by the other Borrowers because of, inter alia, their combined ability to bargain with other Persons including without limitation their ability to receive this credit facility the Credit Facility on favorable terms granted by this Agreement and other Credit Loan Documents which would not have been available to an individual Borrower acting alone. Each Borrower has determined that it is in its best interest to procure this credit facility the Credit Facility which each Borrower may utilize directly and which receive the credit support of the other Borrowers as contemplated by this Agreement and the other Credit Loan Documents.

Appears in 1 contract

Samples: Credit Agreement (Adcare Health Systems, Inc)

Certain Borrower Acknowledgments and Agreements. (a) Each Borrower acknowledges that it will enjoy significant benefits from the business conducted by the other Borrowers because of, inter alia, their combined consolidated ability to bargain with other Persons including without limitation their ability to receive this credit facility the Credit Facility on favorable terms granted by this Agreement and other Credit Loan Documents which would not have been available to an individual Borrower acting alone. Each Borrower has determined that it is in its best interest to procure this credit facility the Credit Facility which each Borrower may utilize directly and which receive the credit support of the other Borrowers as contemplated by this Agreement and the other Credit Loan Documents.

Appears in 1 contract

Samples: Loan and Security Agreement (Healthessentials Solutions Inc)

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