Integrated Business. The Borrowers and the Subsidiaries at all times will be, engaged as an integrated group in providing services and goods to their respective Customers. The integrated operation will require financing on such a basis that credit supplied to the Borrowers be made available from time to time to all Borrowers and Subsidiaries of the Borrowers, as required for the successful operation of the Borrowers and the Subsidiaries separately, and the integrated operation as a whole. In that connection, the Borrowers and the Subsidiaries will request that the Lenders provide the Loans to, and that the Issuing Bank issue the Letters of Credit for, the Borrowers to finance such operation. Each Borrower will derive benefit, directly and indirectly, from the credit so extended to the Borrowers, both in its separate capacity and as a member of the integrated group.
Integrated Business. The Borrowers will be engaged as an ------------------- integrated group in providing services and goods to their respective Customers. The integrated operation will require financing on a basis such that credit be supplied to the Borrowers based on the consolidated assets of the Borrowers, as required for the successful operation of the Borrowers separately, and the integrated operation as a whole. In that connection, the Borrowers will request that the Lenders provide the Loans to, and issue the Letters of Credit for the account of, SPACEHAB, as agent for the Borrowers, to finance such operation. Each Borrower will derive benefit, directly and indirectly, from the credit so extended to the Borrowers, both in its, separate capacity and as a member of the integrated group.
Integrated Business. The Borrowers and the Subsidiaries will be engaged as an integrated group in providing services and goods to their respective Customers. The integrated operation will require financing on such a basis that credit supplied to the Borrowers be made available from time to time to all Borrowers and Subsidiaries of the Borrowers, as required for the successful operation of the Borrowers and the Subsidiaries separately, and the integrated operation as a whole. In that connection, the Borrowers and the Subsidiaries will request that the Lender provide the Loans to and issue the Letters of Credit for the Borrowers to finance such operation. Each Borrower will derive benefit, directly and indirectly, from the credit so extended to the Borrowers, both in its separate capacity and as a member of the integrated group.
Integrated Business. The Borrower and its Subsidiaries will be engaged as an integrated group in providing services and goods to their respective Customers. The integrated operation will require financing on such a basis that credit supplied to the Borrower be made available from time to time to Subsidiaries of the Borrower, as required for the successful operation of the Borrower and its Subsidiaries separately, and the integrated operation as a whole. In that connection, the Borrower and its Subsidiaries will request that the Agent and the Banks provide the Loans to, and issue the Letters of Credit for the account of, the Borrower (to be made available as needed to the Subsidiaries) to finance such operation. To induce the Agent and the Banks to extend credit, each Subsidiary will execute and deliver to the Agent a Security Agreement, a Subsidiary Guaranty, an Intellectual Property Assignment, and, if applicable, Mortgages for all Real Estate Assets. Each Subsidiary will derive benefit, directly and indirectly, from the credit so extended to the Borrower, both in its separate capacity and as a member of the integrated group.
