Common use of Best Interests Clause in Contracts

Best Interests. It is in the best interests of the Guarantor to execute this Guaranty inasmuch as the Guarantor will derive substantial direct and indirect benefits from the Credit Extensions made from time to time to the Borrower by the Lenders and the Issuers pursuant to the Credit Agreement, and the Guarantor agrees that the Secured Parties are relying on this representation in agreeing to make Credit Extensions to the Borrower.

Appears in 1 contract

Samples: Parent Guaranty (Hecla Mining Co/De/)

Best Interests. It is in the best interests of the each Guarantor to execute this Guaranty inasmuch as such Guarantor will, as a result of being a Subsidiary of the Guarantor will Borrower, derive substantial direct and indirect benefits from the Credit Extensions made from time to time to the Borrower by the Lenders and the Issuers L/C Issuer pursuant to the Credit Agreement, and the each Guarantor agrees that the Secured Lender Parties are relying on this representation in agreeing to make Credit Extensions to the Borrower.

Appears in 1 contract

Samples: Credit Agreement (Tibco Software Inc)

Best Interests. It is in the best interests of the Guarantor to execute this Company Guaranty inasmuch as the Guarantor will will, as a result of holding 100% of the Equity Interests, whether directly or indirectly, of each Designated Borrower, derive substantial direct and indirect benefits from the Credit Extensions made from time to time to the each Designated Borrower by the Lenders and the Issuers L/C Issuer pursuant to the Credit Agreement, and the Guarantor agrees that the Secured Lender Parties are relying on this representation in agreeing to make Credit Extensions to the applicable Designated Borrower.

Appears in 1 contract

Samples: Company Guaranty (Tibco Software Inc)

Best Interests. It is in the best interests of the Guarantor to execute this Guaranty inasmuch as the Guarantor will will, as a result of being a Subsidiary of the Borrower, derive substantial direct and indirect benefits from the Credit Extensions made from time to time to the Borrower by the Lenders and the Issuers pursuant to the Credit Agreement, and the Guarantor agrees that the Secured Parties are relying on this representation in agreeing to make Credit Extensions to the Borrower.

Appears in 1 contract

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

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

Appears in 1 contract

Samples: Security Agreement (Asyst Technologies Inc)

Best Interests. It is in the best interests of the each Guarantor to execute this Subsidiary Guaranty inasmuch as such Guarantor will, as a result of being a Subsidiary of the Guarantor will applicable Borrower, derive substantial direct and indirect benefits from the Credit Extensions made from time to time to the such Borrower by the Lenders and the Issuers L/C Issuer pursuant to the Credit Agreement, and the each Guarantor agrees that the Secured Lender Parties are relying on this representation in agreeing to make Credit Extensions to the Borrower Borrowers.

Appears in 1 contract

Samples: Subsidiary Guaranty (Tibco Software Inc)

Best Interests. It is in the best interests of the each Guarantor to execute this Guaranty inasmuch as such Guarantor will, as a result of being a Subsidiary of the Guarantor will Borrower, derive substantial direct and indirect benefits from the Credit Extensions made from time to time to the Borrower by the Lenders and the Issuers pursuant to the Credit Agreement, Agreement and the each Guarantor agrees that Guaranty (Bridge Loan) the Secured Loan Parties are relying on this representation in agreeing to make Credit Extensions to the Borrower.

Appears in 1 contract

Samples: Bridge Loan Agreement (Hanesbrands Inc.)