Common use of Interrelatedness of Borrowers Clause in Contracts

Interrelatedness of Borrowers. The business operations of each BORROWER are interrelated and complement one another, and such companies and partnerships have a common business purpose, with intercompany bookkeeping and accounting adjustments used to separate their respective Properties, liabilities and transactions. To permit their uninterrupted and continuous operation, such companies and partnerships now require and will from time to time hereafter require funds for general business purposes. The proceeds of the Acquisition Term Loan and of Advances under the Total Facility will directly or indirectly benefit each BORROWER hereunder, jointly and severally, regardless of which BORROWER requests or receives part or all of the proceeds of such Acquisition Term Loan or Advance, as applicable.

Interrelatedness of Borrowers. The business operations of each BORROWER are interrelated and complement one another, and such companies and partnerships have a common business purpose, with intercompany bookkeeping and accounting adjustments used to separate their respective Properties, liabilities and transactions. To permit their uninterrupted and continuous operation, such companies and partnerships now require and will from time to time hereafter require funds for general business purposes. The proceeds of the Acquisition Term Loan and of Advances under the Total Facility will directly or indirectly benefit each BORROWER hereunder, jointly and severally, regardless of which BORROWER requests or receives part or all of the proceeds of such Acquisition Term Loan or Advance, as applicable.