Common use of Benefit to Guarantors Clause in Contracts

Benefit to Guarantors. The board of directors, manager or general partner, where applicable, of each Guarantor has determined that such Guarantor’s execution, delivery and performance of this Agreement may reasonably be expected to directly or indirectly benefit such Guarantor and is in the best interests of such Guarantor.

Appears in 2 contracts

Sources: Credit Agreement (Exploration Co of Delaware Inc), Term Loan Agreement (Exploration Co of Delaware Inc)

Benefit to Guarantors. The board of directors, manager or general partner, where applicable, of each Guarantor has determined that such Guarantor’s 's execution, delivery and performance of this Agreement may reasonably be expected to directly or indirectly benefit such Guarantor and is in the best interests of such Guarantor.

Appears in 1 contract

Sources: Term Loan Agreement (TXCO Resources Inc)