Common use of Best Interests Clause in Contracts

Best Interests. It is in the best interests of each Grantor (other than the Borrower) to execute this Security Agreement inasmuch as such Grantor will, as a result of being an Affiliate of the Borrower, derive substantial direct and indirect benefits from the Loans made to the Borrower by the Lender pursuant to the Credit Agreement, and each Grantor agrees that the Lender is relying on this representation in agreeing to make such Loans pursuant to the Credit Agreement to the Borrower.

Appears in 14 contracts

Samples: Credit Agreement (TransMedics Group, Inc.), Pledge and Security Agreement (TransMedics Group, Inc.), Credit Agreement (Natera, Inc.)

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Best Interests. It is in the best interests of each Grantor (other than the Borrower) to execute this Security Agreement inasmuch as such Grantor will, as a result of being an Affiliate of the Borrower, derive substantial direct and indirect benefits from the Loans made to the Borrower by the Lender Lenders pursuant to the Credit Agreement, and each Grantor agrees that the Lender is Lenders are relying on this representation in agreeing to make such Loans pursuant to the Credit Agreement to the Borrower.

Appears in 5 contracts

Samples: Pledge and Security Agreement (Harmony Biosciences Holdings, Inc.), Pledge and Security Agreement (Acutus Medical, Inc.), Pledge and Security Agreement (Acutus Medical, Inc.)

Best Interests. It is in the best interests of each Grantor (other than the Borrower) to execute this Security Agreement inasmuch as such Grantor will, as a result of being a Subsidiary or an Affiliate of the Borrower, derive substantial direct and indirect benefits from the Loans and other extensions of credit made from time to time to the Borrower by the Lender Lenders and the issuer pursuant to the Credit Agreement, and each Grantor agrees that the Lender is Secured Parties are relying on this representation in agreeing to make such Loans and other extensions of credit pursuant to the Credit Agreement to the Borrower.

Appears in 5 contracts

Samples: Credit Agreement (SWIFT TRANSPORTATION Co), Credit Agreement (SWIFT TRANSPORTATION Co), Credit Agreement (SWIFT TRANSPORTATION Co)

Best Interests. It is in the best interests of each Grantor (other than the BorrowerCompany) to execute this Security Agreement inasmuch as such Grantor will, as a result of being an Affiliate a Subsidiary of the BorrowerCompany, derive substantial direct and indirect benefits from the Loans made to the Borrower by the Lender pursuant to the Credit Agreement, and other extensions of credit secured hereby and each Grantor agrees that the Lender is Secured Parties are relying on this representation in agreeing to make such Loans pursuant to the Credit Agreement to the Borrowerand other extensions of credit.

Appears in 3 contracts

Samples: Security Agreement (Empire Resources Inc /New/), Security Agreement (Empire Resources Inc /New/), Credit Agreement (Empire Resources Inc /New/)

Best Interests. It is in the best interests of each Grantor (other than the BorrowerBorrowers) to execute this Security Agreement inasmuch as such Grantor will, as a result of being an Affiliate a Subsidiary of the BorrowerCompany, derive substantial direct and indirect benefits from the Loans and other extensions of credit made from time to time to the Borrower Borrowers by the Lender Lenders and each Issuer pursuant to the Credit Agreement, and each Grantor agrees that the Lender is Secured Parties are relying on this representation in agreeing to make such Loans and other extensions of credit pursuant to the Credit Agreement to the BorrowerBorrowers.

Appears in 3 contracts

Samples: Credit Agreement (Ferro Corp), Pledge and Security Agreement (Ferro Corp), Pledge and Security Agreement (Ferro Corp)

Best Interests. It is in the best interests interests, and for the commercial benefit, of each Grantor (other than the Borrower) to execute this Security Agreement inasmuch as such Grantor will, as a result of being an Affiliate of the Borrower, derive substantial direct and indirect benefits from the Loans made to the Borrower by the Lender pursuant to the Credit Agreement, and each Grantor agrees that the Lender is relying on this representation in agreeing to make such Loans pursuant to the Credit Agreement to the Borrower.

Appears in 3 contracts

Samples: Acknowledgement and Agreement (Unilife Corp), Pledge and Security Agreement (Unilife Corp), Pledge and Security Agreement (Unilife Corp)

Best Interests. It is in the best interests of each such Grantor (other than the Borrower) to execute this Security Agreement inasmuch as such Grantor will, as a result of being an Affiliate a Subsidiary of the Borrower, derive substantial direct and indirect benefits from the Loans Credit Extensions made from time to time to the Borrower by the Lender Lenders and the Issuer pursuant to the Credit AgreementAgreement and the execution and delivery of Rate Protection Agreements between the Borrower, other Obligors and certain Secured Parties, and each Grantor agrees that the Lender is Secured Parties are relying on this representation in agreeing to make such Loans pursuant to the Credit Agreement Extensions to the Borrower.

Appears in 2 contracts

Samples: Subsidiary Security and Pledge Agreement (Associated Materials Inc), Subsidiary Security and Pledge Agreement (AMH Holdings, Inc.)

Best Interests. It is in the best interests of each such Grantor (other than the Borrower) to execute this Security Agreement inasmuch as such Grantor will, as a result of being an Affiliate a Subsidiary of the Borrower, derive substantial direct and indirect benefits from the Loans made to sale of the Borrower by the Lender Notes pursuant to the Credit AgreementIndenture, and each Grantor agrees that the Lender is Secured Parties are relying on this representation in agreeing to make such Loans pursuant to purchase the Credit Agreement to the BorrowerNotes.

Appears in 2 contracts

Samples: Second Lien Notes Pledge and Security Agreement (Reddy Ice Holdings Inc), First Lien Notes Pledge and Security Agreement (Reddy Ice Holdings Inc)

Best Interests. It is in the best interests of each Grantor (other than the Borrower) to execute this Security Agreement inasmuch as such Grantor will, as a result of being an Affiliate of the Borrower, derive substantial direct and indirect benefits from the Loans made from time to time to the Borrower by the Lender Lenders pursuant to the Credit Agreement, and each Grantor agrees acknowledges that the Lender is Secured Parties are relying on this representation in agreeing to make such Loans pursuant to the Credit Agreement to the Borrower.

Appears in 1 contract

Samples: Credit Agreement (Hanesbrands Inc.)

Best Interests. It is in the best interests of each Grantor (other than the Borrower) to execute this Security Agreement inasmuch as such Grantor will, as a result of being an Affiliate a Subsidiary of the Borrower, derive substantial direct and indirect benefits from the Loans Credit Extensions made from time to time to the Borrower by the Lender Lenders and the Issuer pursuant to the Credit AgreementAgreement and the execution and delivery of Rate Protection Agreements between the Borrower, other Obligors and certain Secured Parties, and each Grantor agrees that the Lender is Secured Parties are relying on this representation in agreeing to make such Loans pursuant to the Credit Agreement Extensions to the Borrower.

Appears in 1 contract

Samples: Patent Security Agreement (United Surgical Partners International Inc)

Best Interests. It is in the best interests of each the Grantor (other than the Borrower) to execute this Security Agreement inasmuch as such the Grantor will, as a result of being an Affiliate a Subsidiary of the Borrower, derive substantial direct and indirect benefits from the Loans and other extensions of credit made from time to time to the Borrower by the Lender Lenders and the issuer pursuant to the Credit Agreement, and each the Grantor agrees that the Lender is Secured Parties are relying on this representation in agreeing to make such Loans and other extensions of credit pursuant to the Credit Agreement to the Borrower.

Appears in 1 contract

Samples: Credit Agreement (Hecla Mining Co/De/)

Best Interests. It is in the best interests of each such Grantor (other than the Borrower) to execute this Security Agreement inasmuch as such Grantor will, as a result of being an Affiliate a Subsidiary of the Borrower, derive substantial direct and indirect benefits from the Loans Credit Extensions made from time to time to the Borrower by the Lender Lenders pursuant to the Credit Agreement, and each Grantor agrees that the Lender is Secured Parties are relying on this representation in agreeing to make such Loans pursuant to the Credit Agreement Extensions to the Borrower.

Appears in 1 contract

Samples: Pledge and Security Agreement (Reddy Ice Holdings Inc)

Best Interests. It is in the best interests of each Grantor (other than the Borrower) to execute this Security Agreement inasmuch as such Grantor will, as a result of being an Affiliate a Subsidiary of the Borrower, derive substantial direct and indirect benefits from the Loans Credit Extensions made from time to time to the Borrower by the Lender Lenders and the Issuer pursuant to the Credit Agreement, and each Grantor agrees acknowledges that the Lender is Secured Parties are relying on this representation in agreeing to make such Loans Credit Extensions pursuant to the Credit Agreement to the Borrower.

Appears in 1 contract

Samples: Credit Agreement (Hanesbrands Inc.)

Best Interests. It is in the best interests of each Grantor (other than the Borrower) to execute this Security Agreement inasmuch as such Grantor will, as a result of being an Affiliate of the Borrower, derive substantial direct and indirect benefits from the Loans made to the Borrower by the Lender Secured Parties pursuant to the Credit Agreement, and each Grantor agrees that the Lender is Secured Parties are relying on this representation in agreeing to make such Loans pursuant to the Credit Agreement to the Borrower.

Appears in 1 contract

Samples: Pledge and Security Agreement (Verrica Pharmaceuticals Inc.)

Best Interests. It is in the best interests of each Grantor (other than the BorrowerCompany) to execute this Security Agreement inasmuch as such Grantor will, as a result of being an Affiliate a Subsidiary of the BorrowerCompany, derive substantial direct and indirect benefits from the Loans Credit Extensions made from time to time to the Borrower Borrowers by the Lender Lenders and the L/C Issuer pursuant to the Credit Agreement, and each Grantor agrees that the Lender is Secured Parties are relying on this representation in agreeing to make such Loans Credit Extensions pursuant to the Credit Agreement to the BorrowerBorrowers.

Appears in 1 contract

Samples: Security Agreement (Asyst Technologies Inc)

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Best Interests. It is in the best interests of each Grantor (other than the Borrower) to execute this Security Agreement inasmuch as such Grantor will, as a result of being an Affiliate a Subsidiary of the Borrower, derive substantial direct and indirect benefits from the Loans made to the Borrower by the Lender pursuant to the Credit Agreementbenefits, and each Grantor agrees that the Lender Trustee is relying on this representation in agreeing to make such Loans pursuant to the Credit Agreement to the Borrowerrepresentation.

Appears in 1 contract

Samples: Pledge and Security Agreement (Ferro Corp)

Best Interests. It is in the best interests of each Grantor (other than the Borrower) to execute this Security Agreement inasmuch as such Grantor will, as a result of being an Affiliate a Subsidiary of the Borrowersole member of the Grantors, derive substantial direct and indirect benefits from the Loans Loan made to the Borrower Grantors by the Lender Lenders pursuant to the Credit Agreement, and each Grantor agrees that the Lender is relying on this representation in agreeing to make such Loans pursuant to the Credit Agreement to the BorrowerEXHIBIT F – CBL 4873-9001-7310\2 SECURED PARTIES ARE RELYING ON THIS REPRESENTATION IN AGREEING TO MAKE SUCH LOAN AND OTHER EXTENSIONS OF CREDIT PURSUANT TO THE CREDIT AGREEMENT TO THE GRANTORS.

Appears in 1 contract

Samples: Credit Agreement (CBL & Associates Properties Inc)

Best Interests. It is in the best interests interests, and for the commercial benefit, of each Grantor (other than the Borrower) to execute this Security Agreement inasmuch as such Grantor will, as a result of being an Affiliate of the Borrower, derive substantial direct and indirect benefits from the Loans Loan made to the Borrower by the Lender pursuant to the Credit Agreement, and each Grantor agrees that the Lender is relying on this representation in agreeing to make such Loans Loan pursuant to the Credit Agreement to the Borrower.

Appears in 1 contract

Samples: Credit Agreement (Recro Pharma, Inc.)

Best Interests. It is in the best interests of each Grantor (other than the Borrower) to execute this Security Agreement inasmuch as such Grantor will, as a result of being an Affiliate a Subsidiary of the Borrower, derive substantial direct and indirect benefits from the Loans made to Credit Agreement and the Borrower by delivery of Rate Protection Agreements between the Lender pursuant to the Borrower, other Credit Agreement, Parties and certain Secured Parties and each Grantor agrees that the Lender is Secured Parties are relying on this representation in agreeing to make such Loans pursuant to the Credit Agreement to the Borrowerand such Rate Protection Agreements.

Appears in 1 contract

Samples: Subsidiary Pledge and Security Agreement (Ironton Iron Inc)

Best Interests. It is in the best interests of each Grantor (other than the Borrower) to execute this Security Agreement inasmuch as such Grantor will, as a result of being an Affiliate of the Borrower, derive substantial direct and indirect benefits from the Loans made to the Borrower by the Lender Lenders pursuant to the Credit Agreement, and each Grantor agrees that the Lender is Secured Parties are relying on this representation in agreeing to make such Loans pursuant to the Credit Agreement to the Borrower.

Appears in 1 contract

Samples: Pledge and Security Agreement (AVITA Medical, Inc.)

Best Interests. It is in the best interests of each Grantor (other than the Borrower) to execute this Security Agreement inasmuch in as such much as each Grantor will, as a result of being an Affiliate of the Borrower, will derive substantial direct and indirect benefits from the Loans and other Credit Extensions made from time to the Borrower by the Lender time pursuant to the First Lien Credit Agreement, and each Grantor agrees that the Lender is Secured Parties are relying on this representation in agreeing to make such Loans and other Credit Extensions pursuant to the First Lien Credit Agreement to the BorrowerAgreement.

Appears in 1 contract

Samples: Assumption Agreement (Energy XXI Gulf Coast, Inc.)

Best Interests. It is in the best interests of each Grantor (other than the Borrower) to execute this Security Agreement inasmuch as such Grantor will, as a result of being an Affiliate a Subsidiary of the Borrower, derive substantial direct and indirect benefits from the Loans Credit Extensions made from time to time to the Borrower by the Lender Lenders and the Issuer pursuant to the Credit AgreementAgreement and the execution and delivery of Rate Protection Agreements between the Borrower, other Obligors and certain Secured Parties, and each Grantor agrees that the Lender is Secured Parties are relying on this representation in agreeing to make such Loans pursuant to the Credit Agreement Extensions to the Borrower.

Appears in 1 contract

Samples: Subsidiary Pledge and Security Agreement (Commemorative Brands Inc)

Best Interests. It is in the best interests of each Grantor (other than the Borrower) to execute this Security Agreement inasmuch as such Grantor will, as a result of being an Affiliate a Subsidiary of the Borrower, derive substantial direct and indirect benefits from the Loans and other extensions of credit made from time to time to the Borrower by the Lender Lenders and each Letter of Credit Issuer pursuant to the Credit Agreement, and each Grantor agrees that the Lender is Secured Parties are relying on this representation in agreeing to make such Loans and other extensions of credit pursuant to the Credit Agreement to the Borrower.

Appears in 1 contract

Samples: Pledge and Security Agreement (Ferro Corp)

Best Interests. It is in the best interests of each Grantor (other than the Borrower) to execute this Security Agreement inasmuch as such Grantor will, as a result of being an Affiliate of the Borrower, will derive substantial direct and indirect benefits from the Loans loans made to the Borrower by the Lender Secured Parties pursuant to the Credit Purchase Agreement, and each Grantor agrees that the Lender is Secured Parties are relying on this representation in agreeing to make such Loans purchase the Notes pursuant to the Credit Agreement to the BorrowerPurchase Agreement.

Appears in 1 contract

Samples: Security Agreement (Integrated Environmental Technologies, Ltd.)

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