Common use of Financial Benefit Clause in Contracts

Financial Benefit. The undersigned has derived or expects to derive a financial or other advantage from each and every loan, advance or extension of credit made under the Loan Agreement or other Obligation incurred by Borrower to Lender. The foregoing representations and warranties shall be deemed to have been made by the undersigned on the date of each borrowing by Borrower under the Loan Agreement on and as of such date of such borrowing as though made hereunder on and as of such date.

Appears in 5 contracts

Samples: Guaranty (Tidel Technologies Inc), Guaranty (Pipeline Data Inc), Tidel Technologies Inc

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Financial Benefit. The undersigned has derived or expects to derive a financial or other advantage from each and every loan, advance or extension of credit made under the Loan Agreement or other Obligation incurred by Borrower Borrowers to LenderAgent and Lenders. The foregoing representations and warranties shall be deemed to have been made by the undersigned on the date of each borrowing by any Borrower under the Loan Agreement on and as of such date of such borrowing as though made hereunder on and as of such date.

Appears in 4 contracts

Samples: Presstek Inc /De/, Presstek Inc /De/, Presstek Inc /De/

Financial Benefit. The undersigned has derived or expects to derive a financial or other advantage from each and every loan, advance or extension of credit made under the Loan Agreement or other Obligation incurred by Borrower to LenderAgent and Lenders. The foregoing representations and warranties (other than that set forth in paragraph (g) above) shall be deemed to have been made by the undersigned on the date of each borrowing by Borrower under the Loan Agreement on and as of such date of such borrowing as though made hereunder on and as of such date.

Appears in 4 contracts

Samples: Newtek Business Services Corp., Newtek Business Services Corp., Newtek Business Services Inc

Financial Benefit. The undersigned has derived or expects to derive a financial or other advantage from each and every loan, advance or extension of credit made under the Loan Agreement or other Obligation incurred by Borrower to Lender. The foregoing representations and warranties (other than that set forth in paragraph (g) above) shall be deemed to have been made by the undersigned on the date of each borrowing by Borrower under the Loan Agreement on and as of such date of such borrowing as though made hereunder on and as of such date.

Appears in 3 contracts

Samples: Nutrition 21 Inc, Nutrition 21 Inc, Nutrition 21 Inc

Financial Benefit. The undersigned has derived or expects to derive a financial or other advantage from each and every loan, advance or extension of credit made under the Loan Credit Agreement or other Obligation incurred by Borrower Borrowers to LenderAgent and Lenders. The foregoing representations and warranties shall be deemed to have been made by the undersigned on the date of each borrowing by Borrower Borrowers under the Loan Credit Agreement on and as of such date of such borrowing as though made hereunder on and as of such date.

Appears in 2 contracts

Samples: Guaranty and Suretyship Agreement (Radnor Holdings Corp), Guaranty and Suretyship Agreement (Radnor Holdings Corp)

Financial Benefit. The undersigned has derived or expects to derive a financial or other advantage from each and every loan, advance or extension of credit made under the Loan Agreement or other Obligation incurred by Borrower Borrowers to Lender. The foregoing representations and warranties (other than that set forth in paragraph (f) above) shall be deemed to have been made by the undersigned on the date of each borrowing by Borrower Borrowers under the Loan Agreement on and as of such date of such borrowing as though made hereunder on and as of such date.

Appears in 2 contracts

Samples: Spar Group Inc, Spar Group Inc

Financial Benefit. The undersigned has derived or expects to ----------------- derive a financial or other advantage from each and every loan, advance or extension of credit made under the Loan Credit Agreement or other Obligation incurred by Borrower Borrowers to LenderAgent and Lenders. The foregoing representations and warranties shall be deemed to have been made by the undersigned on the date of each borrowing by Borrower Borrowers under the Loan Credit Agreement on and as of such date of such borrowing as though made hereunder on and as of such date.

Appears in 2 contracts

Samples: Radnor Holdings Corp, Radnor Holdings Corp

Financial Benefit. The undersigned has derived or expects to derive a financial or other advantage from each and every loan, advance or extension of credit made under the Loan Agreement Documents or other Obligation incurred by Borrower to Lender. The foregoing representations and warranties (other than that set forth in paragraph (f) above) shall be deemed to have been made by the undersigned on the date of each borrowing by Borrower under the Loan Agreement Documents on and as of such date of such borrowing as though made hereunder on and as of such date.

Appears in 2 contracts

Samples: Able Energy Inc, Able Energy Inc

Financial Benefit. The undersigned has derived or expects to derive a financial or other advantage from each and every loan, advance or extension of credit made under the Loan Credit Agreement or other Obligation incurred by Borrower Borrowers to Lender. The foregoing representations and warranties shall be deemed to have been made by the undersigned on the date of each borrowing by any Borrower under the Loan Credit Agreement on and as of such date of such borrowing as though made hereunder on and as of such date.

Appears in 2 contracts

Samples: MBC Funding Ii Corp., MBC Funding Ii Corp.

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Financial Benefit. The undersigned has derived or expects to derive a financial or other advantage from each and every loan, advance or extension of credit made under the Loan Agreement or other Obligation incurred by Borrower to LenderAgent and Lenders. The foregoing representations and warranties (other than that set forth in paragraphs (f)(ii) and (g) above) shall be deemed to have been made by the undersigned on the date of each borrowing by Borrower under the Loan Agreement on and as of such date of such borrowing as though made hereunder on and as of such date.

Appears in 1 contract

Samples: Guaranty (Nations Flooring Inc)

Financial Benefit. The undersigned has derived or expects to derive a financial or other advantage from each and every loan, advance or extension of credit made under the Loan Agreement or other Obligation incurred by Borrower to Lender. The foregoing representations and warranties (other than that set forth in paragraph (f) above) shall be deemed to have been made by the undersigned on the date of each borrowing by Borrower under the Loan Agreement on and as of such date of such borrowing as though made hereunder on and as of such date.

Appears in 1 contract

Samples: Lone Star Value Management LLC

Financial Benefit. The undersigned has derived or expects to derive a financial or other advantage from each and every loan, advance or extension of credit made under the Loan Agreement or other Obligation incurred by Borrower Borrowers to LenderAgent and Lenders. The foregoing representations and warranties shall be deemed to have been made by the undersigned on the date of each borrowing by Borrower Borrowers under the Loan Agreement on and as of such date of such borrowing as though made hereunder on and as of such date.

Appears in 1 contract

Samples: Lets Talk Cellular & Wireless Inc

Financial Benefit. The undersigned has derived or expects to ----------------- derive a financial or other advantage from each and every loan, advance or extension of credit made under the Loan Agreement or other Obligation incurred by Borrower Borrowers to LenderAgent and Lenders. The foregoing representations and warranties shall be deemed to have been made by the undersigned on the date of each borrowing by Borrower Borrowers under the Loan Agreement on and as of such date of such borrowing as though made hereunder on and as of such date.

Appears in 1 contract

Samples: Guaranty (Radnor Holdings Corp)

Financial Benefit. The undersigned has derived or expects to ------------------ derive a financial or other advantage from each and every loan, advance or extension of credit made under the Loan Agreement Note or other Obligation incurred by Borrower to Lender. The foregoing representations and warranties (other than that set forth in paragraph (f) above) shall be deemed to have been made by the undersigned on the date of each borrowing by Borrower under the Note or any other Loan Agreement Document on and as of such date of such borrowing as though made hereunder on and as of such date.

Appears in 1 contract

Samples: Texhoma Energy Inc

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