Direct Benefit Sample Clauses

Direct Benefit. The initial Advances hereunder and all additional Advances are for the direct benefit of each of the Borrowers, and the initial Advances hereunder are used to refinance and replace indebtedness owing, directly or indirectly, by the Borrowers to the Banks under the Existing Credit Agreement. The Borrowers are engaged as an integrated group in the business of oil and gas exploration and related fields, and any benefits to any Borrower is a benefit to all of them, both directly or indirectly, inasmuch as the successful operation and condition of the Borrowers is dependent upon the continued successful performance of the functions of the integrated group as a whole.
Direct Benefit. The initial Loans and Letters of Credit hereunder and all additional Loans and Letters of Credit hereunder are for the direct benefit of the Borrower, or in the case of any initial or additional Letters of Credit, one or more of the Guarantors, and the initial Loans and Letters of Credit hereunder are used to refinance and replace indebtedness owning, directly or indirectly, by the Borrower and certain of the Guarantors to the Lenders under the Existing Credit Facility. The Borrower and the Guarantors are engaged as an integrated group in the business of oil and gas exploration and related fields, and any benefits to the Borrower or any Guarantor is a benefit to all of them, both directly or indirectly, inasmuch as the successful operation and condition of the Borrower and the Guarantors is dependent upon the continued successful performance of the functions of the integrated group as a whole.
Direct Benefit. Each Guarantor expressly represents, warrants and acknowledges that any financial accommodations by the Secured Parties, or any of them, to any Borrower, including without limitation the extension of credit under this Agreement, are and will be of direct interest, benefit and advantage to such Guarantor.
Direct Benefit. The initial Borrowing hereunder and all additional Borrowings are for the direct benefit of the Borrower and its Restricted Subsidiaries. The Borrower and its Restricted Subsidiaries shall engage in the business of oil and gas exploration, enhanced oil recovery operations and related activities and certain other legal business purposes, and any benefits to the Borrower and its Restricted Subsidiaries is a benefit to all of them, both directly and indirectly.
Direct Benefit. Servitudes considered as being of direct benefit to the Category I-N lands or to the Naskapis of Québec would include servitudes involving public services expressly requested by the Naskapi community or servitudes involving essential services for the Naskapis of Québec provided such services are used by them to enhance their quality of life. Such servitudes would include but not necessarily be limited to such things as local services generally provided by municipal or local governments and by public utilities, local roads, bridges and community airports. In all other cases not covered by the present Agreement, the burden of proof in establishing that a servitude is of direct benefit to the Category I-N lands or to the Naskapis of Québec shall lie upon Québec. In all cases, the Naskapi community shall have the right and opportunity to contest, in accordance with the procedure hereinafter set forth, whether a particular public servitude involves services of direct benefit to the Category I-N lands or to the Naskapis of Québec.
Direct Benefit. The initial Borrowing hereunder and all additional Borrowings are for the direct benefit
Direct Benefit. 26 6.16 Solvency........................................................26 6.17 Disclosure......................................................27 6.18 Indenture Debt Documents and Preferred Stock Documents..........27 6.19 Year 2000.......................................................27
Direct Benefit. 32 6.16 Solvency............................................ 32 6.17 Disclosure.......................................... 32
Direct Benefit. 54 ARTICLE VII COVENANTS.................................................................................54