Common use of Joint Enterprise Clause in Contracts

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

Appears in 3 contracts

Sources: Credit Agreement (Enova International, Inc.), Credit Agreement (Enova International, Inc.), Credit Agreement (Enova International, Inc.)

Joint Enterprise. Each Borrower has requested that Administrative the Agent and the other Lenders make this the credit facility established hereunder available to the Borrowers on a combined basis, in order to finance the Borrowers’ business most efficiently and economically. The Borrowers’ business is a mutual and collective enterprise, and the successful operation of each Borrower is dependent upon the successful performance of the integrated group. Borrowers believe that consolidation of their credit facility will enhance the borrowing power of each Borrower and ease the administration of their relationship with the facilityLenders, all to their the mutual advantageadvantage of the Borrowers. The Borrowers acknowledge and agree that Administrative the Agent’s and the Lenders’ willingness to extend credit to the Borrowers and to administer the Collateral on a combined basis hereunder basis, as set forth herein, is done solely as an accommodation to the Borrowers and at the Borrowers’ request.

Appears in 3 contracts

Sources: Loan and Security Agreement (Amkor Technology Inc), Loan and Security Agreement (Amkor Technology Inc), Loan and Security Agreement (Amkor Technology Inc)

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

Appears in 2 contracts

Sources: Credit Agreement (Intrepid Potash, Inc.), Credit Agreement (Intrepid Potash, Inc.)

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

Appears in 2 contracts

Sources: Credit Agreement (Rush Enterprises Inc \Tx\), Credit Agreement (StarTek, Inc.)

Joint Enterprise. Each Borrower has requested that Administrative Agent and the other Lenders make this credit facility available to Borrowers on a combined basis, in order to finance Borrowers’ business most efficiently and economically. Borrowers’ business is a mutual and collective enterprise, and the successful operation of each Borrower is dependent upon the successful performance of the integrated group. Borrowers believe that consolidation of their credit facility facilities will enhance the borrowing power of each Borrower and ease the administration of their relationship with credit providers (including Administrative Agent and the facilityLenders), all to their the mutual advantageadvantage of Borrowers. Borrowers ▇▇▇▇▇▇▇▇▇ acknowledge and agree that Administrative Agent’s Agent and the 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 Borrowers and at Borrowers’ request.

Appears in 1 contract

Sources: Credit Agreement (BRC Inc.)

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

Appears in 1 contract

Sources: Credit Agreement (Us Xpress Enterprises Inc)

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

Appears in 1 contract

Sources: Credit Agreement (SCG Financial Acquisition Corp.)

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

Appears in 1 contract

Sources: First Amendment Agreement (United Natural Foods Inc)

Joint Enterprise. Each Borrower has requested that Administrative Agent and the other Lenders make this credit facility available to Borrowers on a combined basis, in order to finance Borrowers’ business most efficiently and economically. Borrowers’ business is a mutual and collective enterprise, and the successful operation of each Borrower is dependent upon the successful performance of the integrated group. Borrowers believe that consolidation of their credit facility will enhance the borrowing power of each Borrower and ease the administration of the facility, all to their the mutual advantageadvantage of Borrowers. Borrowers acknowledge and agree that Administrative Agent’s and the 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 Borrowers and at Borrowers’ request.

Appears in 1 contract

Sources: Loan Agreement (Capella Healthcare, Inc.)

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

Appears in 1 contract

Sources: Credit and Security Agreement (Katy Industries Inc)

Joint Enterprise. Each Borrower has requested that Administrative the Agent and the other Lenders make this the credit facility established hereunder available to the Borrowers on a combined basis, in order to finance the Borrowers' business most efficiently and economically. The Borrowers' business is a mutual and collective enterprise, and the successful operation of each Borrower is dependent upon the successful performance of the integrated group. Borrowers believe that consolidation of their credit facility will enhance the borrowing power of each Borrower and ease the administration of their relationship with the facilityLenders, all to their the mutual advantageadvantage of the Borrowers. The Borrowers acknowledge and agree that Administrative the Agent’s 's and the Lenders' willingness to extend credit to the Borrowers and to administer the Collateral on a combined basis hereunder basis, as set forth herein, is done solely as an accommodation to the Borrowers and at the Borrowers' request.

Appears in 1 contract

Sources: Loan and Security Agreement (Amkor Technology Inc)

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

Appears in 1 contract

Sources: First Amendment Agreement (United Natural Foods Inc)

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

Appears in 1 contract

Sources: Credit Agreement (e.l.f. Beauty, Inc.)

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

Appears in 1 contract

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

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

Appears in 1 contract

Sources: Subordination Agreement (SCG Financial Acquisition Corp.)