Substantial Benefits. The funds that have been borrowed from the Lenders by Holdings have been and are to be contemporaneously used for the direct or indirect benefit of Holdings and each Guarantor. It is the position, intent and expectation of the parties that Holdings and each Guarantor have derived and will derive significant and substantial direct or indirect benefits from the accommodations that have been made by the Lenders under the Loan Documents.
Appears in 3 contracts
Samples: Credit Agreement (Building Materials Holding Corp), Credit Agreement (Building Materials Holding Corp), Credit Agreement (Building Materials Holding Corp)
Substantial Benefits. The funds that have been borrowed from the Lenders Banks by Holdings have been and are to be contemporaneously used for the direct or indirect benefit of Holdings and each Guarantor. It is the position, intent and expectation of the parties that Holdings and each Guarantor have derived and will derive significant and substantial direct or indirect benefits from the accommodations that have been made by the Lenders Banks under the Loan Documents.
Appears in 2 contracts
Samples: Credit Agreement (Building Materials Holding Corp), Credit Agreement (Building Materials Holding Corp)
Substantial Benefits. The funds that have been borrowed from the Lenders by Holdings Borrowers have been and are to be contemporaneously used for the direct or indirect benefit of Holdings Borrowers and each Guarantor. It is the position, intent and expectation of the parties that Holdings Borrowers and each Guarantor have derived and will derive significant and substantial direct or indirect benefits from the accommodations that have been made by the Lenders under the Loan Documents.
Appears in 2 contracts
Samples: Senior Secured Credit Agreement (BMC Stock Holdings, Inc.), Senior Secured Credit Agreement (BMC Stock Holdings, Inc.)
Substantial Benefits. The funds that have been -------------------- borrowed from the Lenders by Holdings the Company have been and are to be contemporaneously used for the direct or indirect benefit of Holdings the Company and each Guarantor. It is the position, intent and expectation of the parties that Holdings the Company and each Guarantor have derived and will derive significant and substantial direct or indirect benefits from the accommodations that have been made by the Lenders under the Loan Documents.
Appears in 1 contract
Samples: Credit Agreement (Mail Well Inc)
Substantial Benefits. The funds that have been borrowed from the Lenders by Holdings the Company have been and are to be contemporaneously used for the direct or indirect benefit of Holdings the Company and each Guarantor. It is the position, intent and expectation of the parties that Holdings the Company and each Guarantor have derived and will derive significant and substantial direct or indirect benefits from the accommodations that have been made by the Lenders under the Loan Documents.
Appears in 1 contract
