Joint Benefit. Each of the Companies represents and warrants to the Administrative Agent and the Lenders that the Companies engage in complementary lines of business, and therefore each Loan made hereunder to any of the Companies benefits all of the Companies and each Loan made hereunder to all of the Companies benefits each of the Companies.
Appears in 1 contract
Sources: Mortgage Loan Warehousing Agreement (Emergent Group Inc)
Joint Benefit. Each of the Companies represents and warrants to the Administrative Agent and the Lenders Lender that the Companies engage in complementary lines of business, and therefore each Loan made hereunder to any either of the Companies benefits all both of the Companies and each Loan made hereunder to all both of the Companies benefits each of the Companies.
Appears in 1 contract
Sources: Mortgage Loan Warehousing Agreement (Novastar Financial Inc)