Common use of Single Economic Enterprise Clause in Contracts

Single Economic Enterprise. Borrowers and Obligors make up a related organization of various entities constituting a single economic and business enterprise so that Borrowers and Obligors share an identity of interests such that any benefit received by any one of them benefits the others. Borrowers and Obligors render certain services to or for the benefit of the other Borrowers and/or Obligors, as the case may be, purchase or sell and supply certain goods to or from or for the benefit of the others, make loans, advances and provide certain other financial accommodations to or for the benefit of each other (including, inter alia, the payment by Borrowers and Obligors of creditors of each other and guarantees by Borrowers and Obligors of the indebtedness of each other) and provide certain administrative, marketing, payroll and management services to or for the benefit of each other.