Common use of Direct Benefit Clause in Contracts

Direct Benefit. The Borrowing hereunder is for the direct benefit of the Borrower and its Subsidiaries. The Borrower and its Subsidiaries shall engage as an integrated group in the business of oil and gas exploration, production and related activities and other legal business purposes, and any benefits to the Borrower and its Subsidiaries is a benefit to all of them, both directly or indirectly, inasmuch as the successful operation and condition of the Borrower and its Subsidiaries is partially dependent upon the continued successful performance of the functions of the integrated group as a whole.

Direct Benefit. The initial Borrowing hereunder is and all additional Borrowings are for the direct benefit of the Borrower and its Subsidiaries. The Borrower and its Subsidiaries shall engage as an integrated group in the business of oil and gas exploration, production exploration and related activities and certain other legal business purposes, and any benefits to the Borrower and its Subsidiaries is a benefit to all of them, both directly or indirectly, inasmuch as the successful operation and condition of the Borrower and its Subsidiaries is partially dependent upon the continued successful performance of the functions of the integrated group as a whole.

Direct Benefit. The initial Borrowing hereunder is and all additional Borrowings are for the direct benefit of the Borrower and its Subsidiaries. The Borrower and its Subsidiaries shall engage as an integrated group in the business of oil and gas exploration, production and related activities and other legal business purposes, and any benefits to the Borrower and its Subsidiaries is a benefit to all of them, both directly or indirectly, inasmuch as the successful operation and condition of the Borrower and its Subsidiaries is partially dependent upon the continued successful performance of the functions of the integrated group as a whole.

Direct Benefit. The Borrowing Borrowings hereunder is are for the direct benefit of the Borrower and its SubsidiariesBorrower. The Borrower and its Subsidiaries shall engage the other Obligors are engaged as an integrated group in the business of oil and gas exploration, production production, gathering, marketing and related activities and other legal business purposesfields, and any benefits to the Borrower and its Subsidiaries or any other Obligor is a benefit to all of them, both directly or indirectly, inasmuch as the successful operation and condition of the Borrower and its Subsidiaries the other Obligors is partially dependent upon the continued successful performance of the functions of the integrated group as a whole.