Common use of Joint Enterprise Clause in Contracts

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

Appears in 6 contracts

Sources: Loan and Security Agreement (Callaway Golf Co), Loan and Security Agreement (Radiant Logistics, Inc), Loan and Security Agreement (Callaway Golf Co)

Joint Enterprise. Each Obligor Borrower has requested that the Administrative Agent and Lenders make the this credit facilities facility available to the applicable Borrowers on a combined basis, in order to finance Borrowers’ business most efficiently and economically. ObligorsThe Borrowers’ business is a mutual and collective enterprise, and the successful operation of each Obligor Borrower is dependent upon the successful performance of the integrated group. The Obligors Borrowers believe that the consolidation of their credit facilities provided to the applicable Borrowers under this Agreement facility will enhance the borrowing power of each Borrower and ease administration of such credit facilitiesthe Facility, all to their mutual advantage. Obligors The Borrowers acknowledge that the Administrative Agent’s and Lenders▇▇▇▇▇▇▇’ willingness to extend credit and to administer the Collateral as provided under the Loan Documents on a combined basis hereunder is done solely as an accommodation to Obligors Borrowers and at ObligorsBorrowers’ request.

Appears in 5 contracts

Sources: Credit Agreement (Purple Innovation, Inc.), Credit Agreement (Purple Innovation, Inc.), Credit Agreement (Purple Innovation, Inc.)

Joint Enterprise. Each Obligor Borrower has requested that the Administrative Agent and Lenders make the this credit facilities facility available to the applicable Borrowers on a combined basis, in order to finance Borrowers’ business most efficiently and economically. ObligorsThe Borrowers’ business is a mutual and collective enterprise, and the successful operation of each Obligor Borrower is dependent upon the successful performance of the integrated group. The Obligors Borrowers believe that the consolidation of their credit facilities provided to the applicable Borrowers under this Agreement facility will enhance the borrowing power of each Borrower and ease administration of such credit facilitiesthe Revolving Credit Facility, all to their mutual advantage. Obligors The Borrowers acknowledge that the Administrative Agent’s and Lenders▇▇▇▇▇▇▇’ willingness to extend credit and to administer the Collateral as provided under the Loan Documents on a combined basis hereunder is done solely as an accommodation to Obligors Borrowers and at ObligorsBorrowers’ request.

Appears in 5 contracts

Sources: Credit Agreement (Jakks Pacific Inc), Credit Agreement (Purple Innovation, Inc.), Credit Agreement (Matrix Service Co)

Joint Enterprise. Each Obligor has requested that Agent and Lenders make the credit facilities available to the applicable Borrowers on a combined basis, in order to finance Borrowers’ business most efficiently and economically. Obligors’ business is a mutual and collective enterprise, and the successful operation of each Obligor is dependent upon the successful performance of the integrated group. The Obligors believe that the credit facilities provided to the applicable Borrowers under this Agreement will enhance the borrowing power of each Borrower and ease administration of such credit facilities, all to their mutual advantage. Obligors acknowledge that Agent’s and Lenders▇▇▇▇▇▇▇’ willingness to extend credit and to administer the Collateral as provided under the Loan Documents is done solely as an accommodation to Obligors and at Obligors’ request.

Appears in 3 contracts

Sources: Loan and Security Agreement (Topgolf Callaway Brands Corp.), Loan and Security Agreement (Topgolf Callaway Brands Corp.), Loan Agreement (Topgolf Callaway Brands Corp.)

Joint Enterprise. Each Obligor Borrower has requested that the Administrative Agent and Lenders make the this credit facilities facility available to the applicable Borrowers on a combined basis, in order to finance Borrowers’ business most efficiently and economically. ObligorsThe Borrowers’ business is a mutual and collective enterprise, and the successful operation of each Obligor Borrower is dependent upon the successful performance of the integrated group. The Obligors Borrowers believe that the consolidation of their credit facilities provided to the applicable Borrowers under this Agreement facility will enhance the borrowing power of each Borrower and ease administration of such credit facilitiesthe Revolving Credit Facility, all to their mutual advantage. Obligors The Borrowers acknowledge that the Administrative Agent’s and Lenders’ willingness to extend credit and to administer the Collateral as provided under the Loan Documents on a combined basis hereunder is done solely as an accommodation to Obligors Borrowers and at ObligorsBorrowers’ request.

Appears in 3 contracts

Sources: Credit Agreement (Matrix Service Co), Credit Agreement (Matrix Service Co), Credit Agreement (Roadrunner Transportation Systems, Inc.)

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

Appears in 3 contracts

Sources: Loan Agreement (Horizon Global Corp), Loan Agreement (Horizon Global Corp), Loan Agreement (Horizon Global Corp)

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

Appears in 2 contracts

Sources: Credit Agreement (Newpark Resources Inc), Credit Agreement (Newpark Resources Inc)

Joint Enterprise. Each Obligor Borrower has requested that Agent and Lenders the Lender make the credit facilities available to the applicable Borrowers under this Agreement on a combined basis, in order to finance Borrowersthe Obligorsbusiness businesses most efficiently and economically. The Obligors’ business is a mutual and collective enterprise, and the successful operation of each Obligor is or may be dependent upon the successful performance of the integrated group. The Obligors believe that the credit facilities provided to the applicable Borrowers under this Agreement will enhance the borrowing power of each Borrower Obligor and ease administration of such credit facilities, all to their mutual advantage. The Obligors acknowledge that Agentthe Lender’s and Lenders’ willingness to extend credit to the Borrowers and to administer the Collateral as provided under the Loan Documents is done solely as an accommodation to the Obligors and at the Obligors’ request.

Appears in 1 contract

Sources: Senior Secured Credit Agreement

Joint Enterprise. Each Obligor has requested that Agent and Lenders make the credit facilities Loans available to the applicable Borrowers on a combined basis, in order to finance Borrowers’ business most efficiently and economically. Obligors’ business is a mutual and collective enterprise, and the successful operation of each Obligor is dependent upon the successful performance of the integrated group. The Obligors believe that the credit facilities Loans provided to the applicable Borrowers under this Agreement will enhance the borrowing power of each Borrower and ease administration of such credit facilitiesLoans, all to their mutual advantage. Obligors acknowledge that Agent’s and Lenders’ willingness to extend credit the Loans and to administer the Collateral as provided under the Loan Documents is done solely as an accommodation to Obligors and at Obligors’ request.

Appears in 1 contract

Sources: Subordination Agreement (Radiant Logistics, Inc)