Commercial Benefit Clause Samples
The Commercial Benefit clause defines the specific advantages or gains that a party expects to receive from entering into a contract or agreement. In practice, this clause outlines the tangible or intangible benefits, such as increased revenue, cost savings, or access to new markets, that justify the business relationship. By clearly stating the intended commercial benefits, the clause helps ensure that both parties have aligned expectations and provides a reference point for evaluating the success of the agreement, thereby reducing the risk of disputes over value received.
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Commercial Benefit it is commercially beneficial to each Security Party to execute, deliver and perf01111 the Financing Documents and the execution, delivery and performance of the Financing Documents do not contravene or violate any law, in particular, the Companies Act 2016 or any equivalent legislation.
Commercial Benefit. Each Loan Party acknowledges that the entry into and performance by such Loan Party of its obligations under the Loan Documents to which it is a party is for such Loan Party’s commercial benefit.
Commercial Benefit the giving of the Guarantee by the Corporate Guarantor is to the commercial benefit of the Corporate Guarantor in that the Corporate Guarantor belongs to the same group of companies as the Borrowers and has close financial co-operation and mutual assistance with the Borrowers and that by lending its support to the Borrowers through such guarantee, it furthers its own business interests within the scope of its constitutional documents;
Commercial Benefit. That the Transaction is for bona fide commercial purposes, on arm’s length terms and for the benefit of each party thereto and are in those parties’ respective commercial interests and for their respective corporate benefit.
Commercial Benefit. If there was or is no commercial benefit, an Agreement to the extent it constitutes a guarantee, indemnity or other third party security interest will be vulnerable to challenge and may be set aside by the shareholders or a liquidator or creditor of the company providing the guarantee, indemnity or security interest and any payments made under them may be required to be repaid; we express no opinion as to whether there was or is any such commercial benefit.
Commercial Benefit. In relation to each Australian Loan Party (if any), the entry into this Agreement and each Other Document to which it is a party is for its commercial benefit.
Commercial Benefit the entering into and performance by it of its obligations under the Transaction Documents to which it is expressed to be a party is for its commercial benefit and is in its commercial interests;
Commercial Benefit. The entry into this document is for each Loan Party’s commercial benefit.
Commercial Benefit. The Guarantor will derive a commercial benefit from the execution and delivery of this Guarantee Deed.
Commercial Benefit. The entering into and performance by each Borrower of its obligations under the Loan Documents to which it is expressed to be a party is for its commercial benefit and is in its commercial interests.