Common use of Direct Benefit Clause in Contracts

Direct Benefit. The loans hereunder and any additional loans are for the direct benefit of each of the Borrower and its Subsidiaries and the loans hereunder will be used by them for general working capital purposes. The Borrower and its Subsidiaries are engaged as an integrated group in the manufacturing, leasing and financing of industrial equipment and systems for the oil and gas industry and other industries, and any benefits to the Borrower or any of its Subsidiaries are a benefit to all of them, both directly or indirectly, inasmuch as the successful operation and condition of the Borrower and its Subsidiaries is dependent upon the continued successful performance of the functions of the integrated group as a whole.

Direct Benefit. The loans hereunder and any additional loans Loans are for the direct benefit of each of the Borrower and its Subsidiaries and the loans hereunder will be used by them for general working capital purposesRestricted Subsidiaries. The Borrower and its Restricted Subsidiaries are engaged shall engage as an integrated group in the manufacturing, leasing and financing business of industrial equipment and systems for the oil and gas industry exploration and related activities and certain other industrieslegal business purposes, and any benefits to the Borrower or any of and its Restricted Subsidiaries are is a benefit to all of them, both directly or indirectly, inasmuch as the successful operation and condition of the Borrower and its Restricted Subsidiaries is dependent upon the continued successful performance of the functions of the integrated group as a whole.