Common use of Substantial Benefit Clause in Contracts

Substantial Benefit. It is in the best interest of Guarantor to execute this Eighth 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 Eighth Amendment with the Credit Parties.

Appears in 2 contracts

Samples: Credit Agreement (Foresight Energy LP), Credit Agreement (Foresight Energy LP)

AutoNDA by SimpleDocs

Substantial Benefit. It is in the best interest of Guarantor to execute this Eighth 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 Eighth Seventh Amendment with the Credit Parties.

Appears in 2 contracts

Samples: Credit Agreement (Foresight Energy LP), Credit Agreement (Foresight Energy LP)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!