Substantial Benefit Sample Clauses

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Substantial Benefit. It is in the best interest of Guarantor to execute this Guaranty inasmuch as Guarantor will derive substantial direct and indirect benefit from the Term Loans and Guarantor agrees that the Lender Parties are relying on this representation in agreeing to enter into the Credit Documents with the Credit Parties.
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Substantial Benefit. It is in the best interest of Guarantor to execute this Seventh Amendment and to have executed the Guaranty inasmuch as Guarantor has derived substantial direct and indirect benefit from the Term Loans and Guarantor agrees that the Lender Parties are relying on this representation in agreeing to enter into this Seventh Amendment with the Credit Parties.
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Substantial Benefit. Each Grantor will, as a result of being a Borrower or the parent or a Subsidiary of a Borrower, derive substantial direct and indirect benefits from (a) the extensions of credit and issuances of letters of credit made from time to time to the Borrowers by the Lenders pursuant to the Credit Agreement and (b) the execution and delivery of Financial Hedging Agreements, Commodity OTC Agreements and Cash Management Bank Agreements among the Borrowers, other Grantors and certain Secured Parties. Each Grantor acknowledges that the Secured Parties are relying on this representation in agreeing to make such extensions of credit and issuances of letters of credit pursuant to the Credit Agreement to the Borrowers.
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Substantial Benefit. Debtor will derive substantial benefit from Secured Party entering into the Credit Agreement with the US Borrower.
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Substantial Benefit. Whenever possible, each provision of this Security Agreement shall be interpreted in such manner as to be effective and valid under applicable law, but if any provision of this Security Agreement shall be prohibited by or invalid under applicable law, such provision shall be ineffective to the extent of such prohibition or invalidity, without invalidating the remaining provisions of this Security Agreement. Nothing in this Security Agreement or in any other agreement between the parties shall require Debtor to pay or Lender to accept interest in an amount which would subject Lender to penalty under applicable law.
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Substantial Benefit. Guarantor's board of directors has determined that such liability and obligation may reasonably be expected to substantially benefit Guarantor directly or indirectly.
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Substantial Benefit. Maguire owns, directly or indirectly, one hundred percent of the Cap▇▇▇▇ ▇▇ock of MP and Maguire has not sold, conveyed, pledged, hypothecated, encumbered, c▇▇▇▇▇▇ any security interest with respect to, or otherwise transferred, directly or indirectly, of any legal or beneficial interest in such Capital Stock. Maguire shall derive, directly and indirectly, substantial benefit f▇▇▇ ▇▇▇ purchase by MP of the Swaptions.
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Substantial Benefit. Each Guarantor derives substantial benefit from the incurrence by the Borrower of the Indebtedness represented by this Agreement and the other Credit Documents.
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Related to Substantial Benefit

  • Dental Benefits The County offers dental and orthodontic benefits to full and part-time regular employees and their eligible dependent(s). Benefit provisions, co­ payments and deductibles are outlined in the Evidence of Coverage. The employee contribution is $13 per pay period ($28.26 per month). The County shall contribute to part-time eligible employees on a pro-rated basis, in accordance with Section 10.2.6.

  • Change in Control Benefit If a Change in Control occurs followed within twenty-four (24) months by Separation from Service prior to Normal Retirement Age, the Bank shall distribute to the Executive the benefit described in this Section 2.4 in lieu of any other benefit under this Article.

  • Public Benefit It is ▇▇▇▇▇▇▇'s understanding that the commitments it has agreed to herein, and actions to be taken by Praeger under this Settlement Agreement confer a significant benefit to the general public, as set forth in Code of Civil Procedure § 1021.5 and Cal. Admin. Code tit. 11, § 3201. As such, it is the intent of ▇▇▇▇▇▇▇ that to the extent any other private party serves a notice and/or initiates an action alleging a violation of Proposition 65 with respect to Praeger's alleged failure to provide a warning concerning actual or alleged exposure to cadmium prior to use of the Covered Products it has manufactured, distributed, sold, or offered for sale in California, or will manufacture, distribute, sell, or offer for sale in California, such private party action would not confer a significant benefit on the general public as to those Covered Products addressed in this Settlement Agreement, provided that Praeger is in material compliance with this Settlement Agreement.

  • Accrued Benefit 1.05 1.16 Nonforfeitable ............................................. 1.05 1.17 Plan Year/Limitation Year .................................. 1.05 1.18 Effective Date ............................................. 1.05 1.19 Plan Entry Date ............................................ 1.05 1.20

  • Early Retirement Benefit Upon Termination of Service prior to the Normal Retirement Age for reasons other than death, Change of Control or Disability, the Company shall pay to the Director the benefit described in this Section 4.2 in lieu of any other benefit under this Agreement.