Substantial Benefit. It is in the best interest of Guarantor to execute this Guaranty inasmuch as Guarantor will derive substantial direct and indirect benefit from the Term Loans and Guarantor agrees that the Lender Parties are relying on this representation in agreeing to enter into the Credit Documents with the Credit Parties.
Substantial Benefit. It is in the best interest of Guarantor to execute this Eighth Amendment and to have executed the Guaranty inasmuch as Guarantor has derived substantial direct and indirect benefit from the Term Loans and Guarantor agrees that the Lender Parties are relying on this representation in agreeing to enter into this Eighth Amendment with the Credit Parties.
Substantial Benefit. Each Grantor will, as a result of being a Borrower or the parent or a Subsidiary of a Borrower, derive substantial direct and indirect benefits from (a) the extensions of credit and issuances of letters of credit made from time to time to the Borrowers by the Lenders pursuant to the Credit Agreement and (b) the execution and delivery of Financial Hedging Agreements, Commodity OTC Agreements and Cash Management Bank Agreements among the Borrowers, other Grantors and certain Secured Parties. Each Grantor acknowledges that the Secured Parties are relying on this representation in agreeing to make such extensions of credit and issuances of letters of credit pursuant to the Credit Agreement to the Borrowers.
Substantial Benefit. Each Guarantor derives substantial benefit from the incurrence by the Borrower of the Indebtedness represented by this Agreement and the other Credit Documents.
Substantial Benefit. Whenever possible, each provision of this Security Agreement shall be interpreted in such manner as to be effective and valid under applicable law, but if any provision of this Security Agreement shall be prohibited by or invalid under applicable law, such provision shall be ineffective to the extent of such prohibition or invalidity, without invalidating the remaining provisions of this Security Agreement. Nothing in this Security Agreement or in any other agreement between the parties shall require Debtor to pay or Lender to accept interest in an amount which would subject Lender to penalty under applicable law.
Substantial Benefit. Guarantor's board of directors has determined that such liability and obligation may reasonably be expected to substantially benefit Guarantor directly or indirectly.
Substantial Benefit. Maguire owns, directly or indirectly, one hundred percent of the Capxxxx Xxock of MP and Maguire has not sold, conveyed, pledged, hypothecated, encumbered, cxxxxxx any security interest with respect to, or otherwise transferred, directly or indirectly, of any legal or beneficial interest in such Capital Stock. Maguire shall derive, directly and indirectly, substantial benefit fxxx xxx purchase by MP of the Swaptions.
Substantial Benefit. Debtor will derive substantial benefit from Secured Party entering into the Credit Agreement with the US Borrower.
