Common use of Interrelated Businesses Clause in Contracts

Interrelated Businesses. Borrowers and Guarantors make up a related organization of various entities constituting an overall economic and business enterprise such that any benefit from the Loans or other financial accommodations hereunder received by any one of them benefits the others. Borrowers and Guarantors render services to or for the benefit of the other Borrowers and/or Guarantors purchase or sell and supply goods to or from or for the benefit of the others, make loans, advances and provide other financial accommodations to or for the benefit of the other Borrowers and Guarantors and provide administrative, marketing, payroll and management services to or for the benefit of the other Borrowers and Guarantors, as the case may be. Borrowers and Guarantors have the same chief executive office, certain centralized accounting and legal services, certain common officers and directors and generally do not provide consolidating financial statements to creditors.

Appears in 5 contracts

Samples: Loan and Security Agreement (SpartanNash Co), Loan and Security Agreement (SpartanNash Co), Loan and Security Agreement (Nash Finch Co)

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Interrelated Businesses. Borrowers and Guarantors make up a related organization of various entities constituting an overall economic and business enterprise such that any benefit from the Loans or other financial accommodations hereunder received by any one of them benefits the others. Borrowers and Guarantors render services to or for the benefit of the other Borrowers and/or Guarantors Guarantors, purchase or sell and supply goods to or from or for the benefit of the others, make loans, advances and provide other financial accommodations to or for the benefit of the other Borrowers and Guarantors and provide administrative, marketing, payroll and management services to or for the benefit of the other Borrowers and Guarantors, as the case may be. Borrowers and Guarantors have the same chief executive office, certain centralized accounting and legal services, services and certain common officers and officers, directors and generally do not provide consolidating financial statements to creditorsand/or managers.

Appears in 1 contract

Samples: Loan and Security Agreement (Live Oak Acquisition Corp)

Interrelated Businesses. Borrowers and Guarantors make up a related organization of various entities constituting an overall economic and business enterprise such that any benefit from the Loans or other financial accommodations hereunder received by any one of them benefits the others. Borrowers and Guarantors render services to or for the benefit of the other Borrowers and/or Guarantors Guarantors, purchase or sell and supply goods to or from or for the benefit of the others, make loans, advances and provide other financial accommodations to or for the benefit of the other Borrowers and Guarantors and provide administrative, marketing, payroll and management services to or for the benefit of the other Borrowers and Guarantors, as the case may be. Borrowers and Guarantors have the same chief executive office, certain centralized accounting and legal services, and certain common officers and officers, directors and generally do not provide consolidating financial statements to creditorsand/or managers.

Appears in 1 contract

Samples: Loan and Security Agreement (Live Oak Acquisition Corp)

Interrelated Businesses. Other than the Inactive Subsidiaries, Borrowers and Guarantors make up a related organization of various entities constituting an overall a single economic and business enterprise so that Borrowers and Guarantors share an identity of interests such that any benefit from the Loans or other financial accommodations hereunder received by any one of them benefits the others. Certain Borrowers and Guarantors render services to or for the benefit of the certain other Borrowers and/or Guarantors Guarantors, as the case may be, purchase or sell and supply goods to or from or for the benefit of the certain others, make loans, advances and provide other financial accommodations to or for the benefit of the certain other Borrowers and Guarantors Guarantors, and provide administrative, marketing, payroll and management services to or for the benefit of the other certain Borrowers and Guarantors, as the case may be. Certain Borrowers and Guarantors have the same chief executive office, . Borrowers and Guarantors have certain centralized accounting and legal services, and certain common officers and directors and generally do not provide consolidating financial statements to creditorsdirectors.

Appears in 1 contract

Samples: Loan and Security Agreement (Spirit Realty Capital, Inc.)

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Interrelated Businesses. Borrowers and Guarantors make up a related organization of various entities constituting an overall economic and business enterprise such that any benefit from the Loans or other financial accommodations hereunder received by any one of them benefits the others. Borrowers and Guarantors render services to or for the benefit of the other Borrowers and/or Guarantors purchase or sell and supply goods to or from or for Guarantors, as the benefit of the otherscase may be, make loans, advances and provide other financial accommodations to or for the benefit of the other Borrowers and Guarantors (including inter alia guarantees by Borrowers and Guarantors of indebtedness of the other Borrowers and Guarantors and provide administrative, marketing, payroll and management services to or for the benefit of the other Borrowers and Guarantors, as the case may be). Borrowers and Guarantors have the same chief executive office, certain centralized accounting and legal services, certain common officers and directors and generally do not provide consolidating financial statements to creditors.

Appears in 1 contract

Samples: Loan and Security Agreement (Lydall Inc /De/)

Interrelated Businesses. Borrowers and Guarantors make up a related organization of various entities constituting an overall economic and business enterprise such that any benefit from the Loans or other financial accommodations hereunder received by any one of them benefits the others. Borrowers and Guarantors render services to or for the benefit of the other Borrowers and/or Guarantors Guarantors, purchase or sell and supply goods to or from or for the benefit of the others, make loans, advances and provide other financial accommodations to or for the benefit of the other Borrowers and Guarantors and provide administrative, marketing, payroll and management services to or for the benefit of the other Borrowers and Guarantors, as the case may be. Borrowers Xxxxxxxxx and Guarantors have the same chief executive office, share certain centralized accounting and legal services, and have certain common officers and officers, directors and generally do not provide consolidating financial statements to creditorsand/or managers.

Appears in 1 contract

Samples: Loan and Security Agreement (Alliance Entertainment Holding Corp)

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