Common use of 3Use of Proceeds Clause in Contracts

3Use of Proceeds. Borrower shall use the proceeds of the Loan (i) to refinance on the Closing Date, prior indebtedness, (ii) for working capital purposes and other corporate purposes, and (iii) to pay any fees associated with transactions contemplated under this Agreement and the other Loan Documents. ​

Appears in 3 contracts

Samples: Term Loan, Guarantee and Security Agreement (Williams Industrial Services Group Inc.), Term Loan, Guarantee and Security Agreement (Williams Industrial Services Group Inc.), Term Loan, Guarantee and Security Agreement (Williams Industrial Services Group Inc.)

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3Use of Proceeds. Borrower shall use the proceeds of the Loan (i) to refinance on the Closing Date, prior indebtedness, (ii) for working capital purposes and other corporate purposes, and (iii) to pay any fees associated with transactions contemplated under this Agreement and the other Loan Documents. ​.

Appears in 1 contract

Samples: Term Loan, Guarantee and Security Agreement (Williams Industrial Services Group Inc.)

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3Use of Proceeds. Borrower shall use the proceeds of the Loan (i) to refinance on the Closing Date, prior indebtedness, (ii) for working capital purposes and other corporate purposes, and (iii) to pay any fees associated with transactions contemplated under this Agreement and the other Loan Documents. 1. 4Single Loan. ​ The Loan and all of the other Obligations shall constitute one general obligation of Borrower secured by all of the Collateral.

Appears in 1 contract

Samples: Term Loan, Guarantee and Security Agreement (Williams Industrial Services Group Inc.)

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