Common use of Agent and Collateral Agent Clause in Contracts

Agent and Collateral Agent. The Lenders and the Issuing Banks have agreed to extend credit to the Borrower subject to the terms and conditions set forth in the Credit Agreement. The obligations of the Lenders and the Issuing Banks to extend such credit are conditioned upon, among other things, the execution and delivery of this Agreement. The Grantors (other than the Borrower) are Affiliates of the Borrower, will derive substantial benefits from the extension of credit to the Borrower pursuant to the Credit Agreement and are willing to execute and deliver this Agreement in order to comply with the requirements of the Credit Agreement and in order to induce the Lenders and the Issuing Banks to continue to extend such credit and as consideration for the extension of credit made prior to the date hereof. Accordingly, the parties hereto agree as follows:

Agent and Collateral Agent. The Lenders and the Issuing Banks have agreed to extend credit to the Borrower subject to the terms and conditions set forth in the Credit Agreement. The obligations of the Lenders and the Issuing Banks to extend such credit are conditioned upon, among other things, the execution and delivery of this Agreement. The Grantors (other than Holdings and the Borrower) Subsidiary Guarantors are Affiliates affiliates of the Borrower, will derive substantial benefits from the extension of credit to the Borrower pursuant to the Credit Agreement and are willing to execute and deliver this Agreement in order to comply with the requirements of the Credit Agreement and in order to induce the Lenders and the Issuing Banks to continue Guaranteed Parties to extend such credit and as consideration for the extension of credit made prior to the date hereofcredit. Accordingly, the parties hereto agree as follows: