Common use of Financial Benefit Clause in Contracts

Financial Benefit. the Guarantor has derived or expects to derive a financial advantage from each and every loan or other extension of credit and from each and every renewal, extension, release of collateral or other relinquishment of legal rights made or granted or to be made or granted by the Lender to the Borrower or any other Person in connection with any of the Borrower’s Obligations and Liabilities; and

Appears in 2 contracts

Samples: Guarantee, Indemnity and Postponement of Claims, Guarantee, Indemnity and Postponement of Claims

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Financial Benefit. the Each Guarantor hereby acknowledges and ----------------- warrants it has derived or expects to derive a financial advantage from each and every loan or other extension of credit and from each and every renewal, extension, release of collateral Collateral, or other relinquishment of legal rights rights, made or granted or to be made or granted by the Lender to the Borrower or any other Person Beneficiary in connection with any of the Borrower’s Obligations and Liabilities; andObligations.

Appears in 1 contract

Samples: Indenture (New Millennium Homes LLC)

Financial Benefit. the The Guarantor has derived or expects to derive a financial or other advantage from each and every loan loan, advance or other extension of credit and from each and every renewal, extension, release of collateral made under the Loan Documents or other relinquishment of legal rights made or granted or Obligation incurred by Borrower to be made or granted by the Lender to the Borrower or any other Person in connection with any of the Borrower’s Obligations and Liabilities; andInmark.

Appears in 1 contract

Samples: Promissory Note (Scient Inc)

Financial Benefit. the The Guarantor hereby acknowledges and warrants that it has derived or expects to derive a financial advantage from each and every loan or other extension of credit credit, and from each and every renewal, extension, release of collateral or forbearance from pursuit or other relinquishment of legal rights rights, made or granted or to be made or granted by the Lender Creditor to the Borrower or any other Person in connection with any of the Borrower’s Obligations and Liabilities; andDebtor.

Appears in 1 contract

Samples: Loan Agreement (PDG Remediation Inc)

Financial Benefit. the The Guarantor has derived or expects to derive a financial or other advantage from each and every loan loan, advance or other extension of credit and from each and every renewal, extension, release of collateral made under the Term Note or other relinquishment of legal rights made or granted or Obligation incurred by Borrower to be made or granted by the Lender to the Borrower or any other Person in connection with any of the Borrower’s Obligations and Liabilities; andLender.

Appears in 1 contract

Samples: Guaranty (Time America Inc)

Financial Benefit. the The Guarantor has derived or expects to derive a financial or other advantage from each and every loan loan, advance or other extension of credit and from each and every renewal, extension, release of collateral made under the Loan Documents or other relinquishment of legal rights made or granted or Obligation incurred by Borrower to be made or granted by the Lender to the Borrower or any other Person in connection with any of the Borrower’s Obligations and Liabilities; andNFB.

Appears in 1 contract

Samples: Promissory Note (Scient Inc)

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Financial Benefit. the Guarantor hereby acknowledges and warrants that Guarantor has derived or expects to derive a financial advantage from each and every loan or other extension of credit and from each and every renewal, extension, release of collateral or other relinquishment of legal rights made or granted or to be made or granted by the Lender to the Borrower or any other Person in connection with any of the Borrower’s Obligations and Liabilities; andIndebtedness.

Appears in 1 contract

Samples: Irrevocable Continuing Guaranty Agreement (Lm Funding America, Inc.)

Financial Benefit. the Each Guarantor hereby acknowledges and warrants that such Guarantor has derived or expects to derive a financial advantage from each and every loan or other extension of credit and from each and every renewal, extension, release of collateral or other relinquishment of legal rights made or granted or to be made or granted by the Lender to the Borrower or any other Person in connection with any of the Borrower’s Obligations and Liabilities; andIndebtedness.

Appears in 1 contract

Samples: Irrevocable Continuing Guaranty Agreement (Lm Funding America, Inc.)

Financial Benefit. the The Guarantor has derived or expects to derive a financial or other advantage from each and every loan loan, advance or other extension of credit and from each and every renewal, extension, release of collateral made under the Note or other relinquishment of legal rights made or granted or Obligation incurred by Borrower to be made or granted by the Lender to the Borrower or any other Person in connection with any of the Borrower’s Obligations and Liabilities; andNFB.

Appears in 1 contract

Samples: Promissory Note (Scient Inc)

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