Common use of Substantial Benefit Clause in Contracts

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.