Common use of Best Interests Clause in Contracts

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

Appears in 1 contract

Samples: Pledge and Security Agreement (Ferro Corp)

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

Appears in 1 contract

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

Best Interests. It is in the best interests of each Grantor (other than the Borrowers) to execute this Security Agreement inasmuch as such Grantor will, as a result of being a Subsidiary or an Affiliate of the Company, derive substantial direct and indirect benefitsbenefits from the issuance of the Notes pursuant to the Indenture, and each Grantor agrees that the Secured Parties are relying on this representationrepresentation in agreeing to purchase such Notes pursuant to the Indenture from the Company.

Appears in 1 contract

Samples: Pledge and Security Agreement (Swift Transportation Co)

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

Appears in 1 contract

Samples: Security Agreement (Energy XXI LTD)

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