Common use of Warrant Consideration Clause in Contracts

Warrant Consideration. Parent and each Loan Party acknowledges that the Company is a Subsidiary of Parent and it is to the direct and indirect financial benefit of the Parent that the Lenders provide the Loan to the Company.

Appears in 2 contracts

Sources: Forbearance Agreement (Digerati Technologies, Inc.), Credit Agreement (Digerati Technologies, Inc.)

Warrant Consideration. Parent and each Loan Party acknowledges that the Company is the a Subsidiary of Parent and it is to the direct and indirect financial benefit of the Parent that the Lenders provide the Loan to the Company.

Appears in 1 contract

Sources: Credit Agreement (Digerati Technologies, Inc.)