Common use of Multi-Draw Term Loan Clause in Contracts

Multi-Draw Term Loan. The proceeds of any Multi-Draw Term Loans (including the proceeds of any Multi-Draw Term Loan Increase) shall be used solely: (i) to reimburse payments of drafts under Letters of Credit (MDT) for the account of any Loan Party or Shell Subsidiary (including any Permitted JV Investment Subsidiary) and to fund xxxx xxxxxxx money deposits made by any Loan Party, in each case, (A) in connection with the proposed acquisition of any additional Real Property or JV Real Property, or Investment in any proposed Permitted Joint Venture or Permitted JV Investment Subsidiary and (B) in an amount that (1) together with any other Credit Support provided with respect to such acquisition or Investment does not exceed the Permitted Escrow Amount with respect to such acquisition or Investment and (2) does not exceed $30,000,000 in the aggregate at any time (calculated as Letters of Credit Usage for all Letters of Credit (MDT) plus all outstanding xxxx xxxxxxx money deposits made by any Loan Party in connection with the acquisition of Real Property or JV Real Property or Investment in any Permitted Joint Venture or Permitted JV Investment Subsidiary funded with Multi-Draw Term Loan proceeds), (ii) finance acquisitions by any Subsidiary Guarantor of (A) additional Real Property (along with actual and reasonably estimated reasonable fees and out-of-pocket transaction costs and expenses related thereto) that will not be designated Unsecured Real Property or (B) additional Real Property (along with actual and reasonably estimated reasonable fees and out-of-pocket transaction costs and expenses related thereto) that will be designated Unsecured Real Property; (iii) refinance Revolver Real Property Acquisition Loans; (iv) reimburse any Subsidiary Guarantor for any Equity Funded Acquisition; (v) to the extent not reimbursed or financed with the proceeds of any Incremental Term Loans, to reimburse or to finance a Financed Equity Repurchase; and (vi) to finance any acquisition or Investment pursuant to Section 7.2.5(a)(vii) or 7.2.8(g).

Multi-Draw Term Loan. The proceeds of any Multi-Draw Term Loans (including the proceeds of any Multi-Draw Term Loan Increase) shall be used solelysolely to: (ia) to reimburse payments refinance the remaining portion of drafts the outstanding balance of the Multi-Draw Term Loans under Letters the Existing Credit Agreement concurrent with the effectiveness of Credit (MDT) for this Agreement, to pay fees and costs incurred in connection with this Agreement and, to the account of any Loan Party or Shell Subsidiary (including any Permitted JV Investment Subsidiary) extent acceptable to the Administrative Agent in its reasonable discretion, to pay other fees and costs incurred prior to fund xxxx xxxxxxx money deposits made by any Loan Party, in each case, (A) the Effective Date in connection with the proposed acquisition of any additional Real Property Existing Credit Agreement or JV Real Property, borrowings or Investment in any proposed Permitted Joint Venture or Permitted JV Investment Subsidiary and transactions contemplated therein; (B) in an amount that (1) together with any other Credit Support provided with respect to such acquisition or Investment does not exceed the Permitted Escrow Amount with respect to such acquisition or Investment and (2) does not exceed $30,000,000 in the aggregate at any time (calculated as Letters of Credit Usage for all Letters of Credit (MDT) plus all outstanding xxxx xxxxxxx money deposits made by any Loan Party in connection with the acquisition of Real Property or JV Real Property or Investment in any Permitted Joint Venture or Permitted JV Investment Subsidiary funded with Multi-Draw Term Loan proceeds), (iib) finance acquisitions by any Subsidiary Guarantor of (A) additional Domestic Real Property (along with actual and reasonably estimated reasonable fees and out-of-pocket transaction costs and expenses related thereto); (c) that will not be designated Unsecured refinance Revolver Real Property or Acquisition Loans; (Bd) reimburse any Subsidiary Guarantor for any acquisition (an “Equity Funded Acquisition”) of additional Domestic Real Property (along with actual and reasonably estimated reasonable fees and out-of-pocket transaction costs and expenses related thereto) that will be designated Unsecured Real Property; (iii) refinance Revolver Real Property Acquisition Loans; (iv) reimburse any originally financed after the Effective Date by such Subsidiary Guarantor for any Equity Funded Acquisition; (v) to with an investment made by CatchMark Timber, the extent not reimbursed Borrower and such other direct or financed with indirect parents of such Subsidiary Guarantor of the proceeds of any Incremental Term Loans, to an equity issuance by CatchMark Timber; (e) reimburse or to finance a distribution by the Borrower to CatchMark Timber used or to be used by CatchMark Timber for the sole purpose of repurchasing up to $30,000,000 in the aggregate of the Equity Interests of CatchMark Timber during the term of this Agreement (the “Multi-Draw Term Loan Financed Equity Repurchase”); and (vif) to finance any acquisition or Investment [**] pursuant to clause (vii) of Section 7.2.5(a)(vii7.2.5(a) or 7.2.8(g)[**].

Multi-Draw Term Loan. The proceeds of any Multi-Draw Term Loans (including the proceeds of any Multi-Draw Term Loan Increase) shall be used solely: (i) to reimburse payments of drafts under Letters of Credit (MDT) for the account of any Loan Party or Shell Subsidiary (including any Permitted JV Investment Subsidiary) and to fund xxxx xxxxxxx money deposits made by any Loan Party, in each case, (A) in connection with the proposed acquisition of any additional Real Property or JV Real Property, or Investment in any proposed Permitted Joint Venture or Permitted JV Investment Subsidiary and (B) in an amount that (1) together with any other Credit Support provided with respect to such acquisition or Investment does not exceed the Permitted Escrow Amount with respect to such acquisition or Investment and (2) does not exceed $30,000,000 in the aggregate at any time (calculated as Letters of Credit Usage for all Letters of Credit (MDT) plus all outstanding xxxx xxxxxxx money deposits made by any Loan Party in connection with the acquisition of Real Property or JV Real Property or Investment in any Permitted Joint Venture or Permitted JV Investment Subsidiary funded with Multi-Draw Term Loan proceeds), (ii) finance acquisitions by any Subsidiary Guarantor of (A) additional Real Property (along with actual and reasonably estimated reasonable fees and out-of-pocket transaction costs and expenses related thereto) that will not be designated Unsecured Real Property or (B) additional Real Property (along with actual and reasonably estimated reasonable fees and out-of-pocket transaction costs and expenses related thereto) that will be designated Unsecured Real Property; (iii) refinance Revolver Real Property Acquisition Loans; (iv) reimburse any Subsidiary Guarantor for any Equity Funded Acquisition; (v) to the extent not reimbursed or financed with the proceeds of any Incremental Term Loans, to reimburse or to finance a Financed Equity Repurchase; and (vi) to finance any acquisition or Investment pursuant to Section 7.2.5(a)(vii) or 7.2.8(g).. 107 46267678.11