Common use of Consolidated Business Entity Clause in Contracts

Consolidated Business Entity. The Borrower and each Subsidiary is engaged in the business set forth in Section 4.1(d) hereof. These operations require financing on a basis such that the credit supplied can be made available from time to time to the Borrower and various of the Subsidiaries, as required for the continued successful operation of the Borrower and the Subsidiaries as a whole. The Borrower has requested Lenders to make credit available hereunder primarily for the purposes of financing the operations and acquisitions of the Borrower and the Subsidiaries. The Borrower and the Subsidiaries expect to derive benefit (and the boards of directors of the Borrower and the Subsidiaries have determined that its Subsidiaries may reasonably be expected to derive benefit), directly or indirectly, from the credit extended by Lenders hereunder, both in their separate capacities and as members of the group of companies, since the successful operation and condition of the Borrower and the Subsidiaries is dependent on the continued successful performance of the functions of the group as a whole.

Consolidated Business Entity. The Borrower and each Subsidiary is its Subsidiaries are engaged in the business businesses set forth in Section 4.1(d) hereof. These operations require financing on a basis such that the credit supplied can be made available from time to time to the Borrower and various of the Subsidiaries, as required for the continued successful operation of the Borrower and the its Subsidiaries as a whole. The Borrower has requested Lenders to make credit available hereunder primarily for the purposes of financing the operations and acquisitions of the Borrower and the its Subsidiaries. The Borrower and the its Subsidiaries expect to derive benefit (and the boards of directors of the Borrower and the its Subsidiaries have determined that its the Subsidiaries may reasonably be expected to derive benefit), directly or indirectly, from the credit extended by Lenders hereunder, both in their separate capacities and as members of the group of companies, since the successful operation and condition of the Borrower and the its Subsidiaries is dependent on the continued successful performance of the functions of the group as a whole.