Common use of Common Enterprise; Benefit Received Clause in Contracts

Common Enterprise; Benefit Received. The Borrowers are each a member of an affiliated group and are collectively engaged in a common enterprise with one another. Each Borrower will receive reasonably equivalent value in exchange for the obligations incurred under the Loan Documents to which it is a party. Each Borrower will derive substantial benefit from the credit extended pursuant hereto in an amount at least equal to its obligations under the Loan Documents to which it is a party.

Appears in 2 contracts

Samples: Credit Agreement (Marketing Specialists Corp), Credit Agreement (Marketing Specialists Corp)

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Common Enterprise; Benefit Received. The Borrowers Borrower and its Material Subsidiaries are each a member members of an affiliated group and are collectively engaged in a common enterprise with one another. Each Borrower Obligor will receive reasonably equivalent value in exchange for the obligations incurred under the Loan Documents to which it each is a party. Each Borrower Obligor will derive substantial benefit from the credit extended pursuant hereto in an amount at least equal to its obligations under the Loan Documents to which it is a party.

Appears in 1 contract

Samples: Credit Agreement (Wayne Farms, Inc.)

Common Enterprise; Benefit Received. The Borrowers are each Each Borrower is a member of an ------------------------------------ affiliated group and the Borrowers are collectively engaged in a common enterprise with one another. Each Borrower will receive reasonably equivalent value in exchange for the obligations incurred under the Loan Documents to which it each is a party. Each Borrower will derive substantial benefit from the credit extended pursuant hereto in an amount at least equal to its obligations under the Loan Documents to which it is a party.

Appears in 1 contract

Samples: Loan and Security Agreement (Advanced Nutraceuticals Inc/Tx)

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Common Enterprise; Benefit Received. The Borrowers are each Each Borrower is a member of an ----------------------------------- affiliated group and the Borrowers are collectively engaged in a common enterprise with one another. Each Borrower will receive reasonably equivalent value in exchange for the obligations incurred under the Loan Documents to which it each is a party. Each Borrower will derive substantial benefit from the credit extended pursuant hereto in an amount at least equal to its obligations under the Loan Documents to which it is a party.

Appears in 1 contract

Samples: Loan and Security Agreement (Nutrition for Life International Inc)

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