Common use of Joint Enterprise Clause in Contracts

Joint Enterprise. Each Loan Party has requested that the Agents, the Issuing Banks and Lenders make this credit facility available to the Loan Parties on a combined basis, in order to finance the Loan Parties’ business most efficiently and economically. The Loan Parties’ business is a mutual and collective enterprise, and the successful operation of each Loan Party is dependent upon the successful performance of the integrated group. The Loan Parties believe that consolidation of their credit facility will enhance the borrowing power of each Loan Party and ease administration of the facility, all to their mutual advantage. The Loan Parties acknowledge that Agents’, Issuing Banks’ and Lenders’ willingness to extend credit and to administer the Collateral on a combined basis hereunder is done solely as an accommodation to Loan Parties and at Loan Parties’ request.

Joint Enterprise. Each Loan Party has requested that the Agents, the Issuing Banks and Lenders make this credit facility available to the Loan Parties on a combined basis, in order to finance the Loan Parties’ business most efficiently and economically. The Loan Parties’ business is a mutual and collective enterprise, and the successful operation of each Loan Party is dependent upon the successful performance of the integrated group. The Loan Parties believe that consolidation of their credit facility will enhance the borrowing power of each Loan Party and ease administration of the facility, all to their mutual advantage. The Loan Parties acknowledge that Agents’, Issuing Banks’ and Lenders▇▇▇▇▇▇▇’ willingness to extend credit and to administer the Collateral on a combined basis hereunder is done solely as an accommodation to Loan Parties and at Loan Parties’ request.

Joint Enterprise. Each Loan Party has requested that the Agents, the Issuing Banks Agent and Lenders make this credit facility available to the Loan Parties Borrowers on a combined basis, in order to finance the Loan Parties’ business most efficiently and economically. The Loan Parties’ business is a mutual and collective enterprise, and the successful operation of each Loan Party is dependent upon the successful performance of the integrated group. The Loan Parties believe that consolidation of their credit facility will enhance the borrowing power of each Loan Party Borrower and ease administration of the facility, all to their mutual advantage. The Loan Parties acknowledge that Agents’, Issuing Banks’ Agent’s and Lenders’ willingness to extend credit and to administer the Collateral on a combined basis hereunder is done solely as an accommodation to Loan Parties and at Loan Parties’ request.

Joint Enterprise. Each Loan Party has requested that the AgentsAdministrative Agent, the Issuing Banks LC Issuer and Lenders make this credit facility available to the Loan Parties Borrowers on a combined basis, in order to finance the Loan Parties’ Borrowers' business most efficiently and economically. The Loan Parties’ ' business is a mutual and collective enterprise, and the successful operation of each Loan Party is dependent upon the successful performance of the integrated group. The Loan Parties believe that consolidation of their credit facility facilities will enhance the borrowing power of each Loan Party Borrower and ease the administration of the facilitytheir relationship with credit providers (including Administrative Agent, LC Issuer and Lenders), all to their the mutual advantageadvantage of Borrowers. The Each Loan Parties acknowledge Party acknowledges and agrees that Agents’Administrative Agent, Issuing Banks’ LC Issuer and Lenders’ ' willingness to extend credit to Borrowers and to administer the Collateral on a combined basis hereunder basis, as set forth herein, is done solely as an accommodation to Loan Parties and at Loan Parties’ ' request.