Common use of Best Interests Clause in Contracts

Best Interests. It is in the best interests of the Grantor to execute this Security Agreement in as much as the Grantor will, as a result of being an Affiliate of the Company, derive substantial direct and indirect benefits from the Notes, and the Grantor agrees that the Holders are relying on this representation in agreeing to purchase the Notes.

Appears in 1 contract

Sources: Security Agreement (Energy XXI LTD)

Best Interests. It is in the best interests of each Grantor (other than the Grantor Company) to execute this Security Agreement in as much as the such Grantor will, as a result of being an Affiliate or Subsidiary of the Company, derive substantial direct and indirect benefits from the Notestransactions contemplated by the Exchange Agreement, and the each Grantor agrees that the Holders Exchanging Noteholders are relying on this representation in agreeing to purchase acquire the Notes.

Appears in 1 contract

Sources: Junior Lien Pledge and Security Agreement (Flotek Industries Inc/Cn/)

Best Interests. It is in the best interests of the each Grantor to execute this Security Agreement in inasmuch as much as the such Grantor will, as a result of being a Subsidiary or an Affiliate of the Company, derive substantial direct and indirect benefits from the Notesissuance of the Notes pursuant to the Indenture, and the each Grantor agrees that the Holders Secured Parties are relying on this representation in agreeing to purchase such Notes pursuant to the NotesIndenture from the Company.

Appears in 1 contract

Sources: Pledge and Security Agreement (Swift Transportation Co)

Best Interests. It is in the best interests of each Grantor (other than the Grantor Borrowers) to execute this Security Agreement in inasmuch as much as the such Grantor will, as a result of being an Affiliate a Subsidiary of the Company, derive substantial direct and indirect benefits from the Notesbenefits, and the each Grantor agrees that the Holders Secured Parties are relying on this representation in agreeing to purchase the Notesrepresentation.

Appears in 1 contract

Sources: Pledge and Security Agreement (Ferro Corp)

Best Interests. It is in the best interests of the such Grantor to execute this Security Agreement in inasmuch as much as the such Grantor will, as a result of being an Affiliate a Subsidiary of the CompanyParent, derive substantial direct and indirect benefits from the Notesissuance of Notes by the Issuer, and the each Grantor agrees that the Holders are relying on this representation in agreeing to purchase the Notes.

Appears in 1 contract

Sources: Security Agreement (Eschelon Telecom Inc)