Common use of STATEMENT OF CONSIDERATION Clause in Contracts

STATEMENT OF CONSIDERATION. Accordingly, in consideration of the premises and under the authority of Section 5-1103 of the New York General Obligations Law, the Borrowers, the Lenders and the Administrative Agent agree as follows.

Appears in 2 contracts

Samples: Credit and Guarantee Agreement (Bush Industries Inc), Credit and Guarantee Agreement (Bush Industries Inc)

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STATEMENT OF CONSIDERATION. Accordingly, in consideration of the premises and under the authority of Section 5-1103 of the New York General Obligations Law, the BorrowersAdministrative Agent, the Lenders Borrowers and the Administrative Agent Lenders agree as follows.:

Appears in 1 contract

Samples: Credit Agreement (Allied Motion Technologies Inc)

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STATEMENT OF CONSIDERATION. Accordingly, in consideration of the premises and under the authority of Section 5-1103 of the New York General Obligations Law, the Borrowers, the Lenders Borrower and the Administrative Agent Bank agree as follows.:

Appears in 1 contract

Samples: Term Loan Agreement (Servotronics Inc /De/)

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