Common use of PERMITTED USE OF PROCEEDS Clause in Contracts

PERMITTED USE OF PROCEEDS. Use the proceeds of the Advances to only finance the Borrower's general working capital needs (including, without limitation, the payment of Interest and Costs owing from time to time hereunder, the purchasing of Contracts, the making of initial spread account deposits and any other use consistent with the uses described in Preamble A to this Agreement or necessary or incidental thereto).

Appears in 4 contracts

Samples: Credit Agreement (Westcorp /Ca/), Credit Agreement (Westcorp /Ca/), Credit Agreement (Westcorp /Ca/)

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PERMITTED USE OF PROCEEDS. Use the proceeds of the Advances to only finance the Borrower's general working capital needs (including, without limitation, the payment of Interest and Costs owing from time to time hereunder, the purchasing of Contracts, Contracts and the making of initial spread account deposits and any other use consistent with the uses described in Preamble A to this Agreement or necessary or incidental theretodeposits).

Appears in 3 contracts

Samples: Revolving Line of Credit Agreement (WFS Financial Inc), Revolving Line of Credit Agreement (Westcorp /Ca/), Revolving Line of Credit Agreement (WFS Financial Inc)

PERMITTED USE OF PROCEEDS. Use the proceeds of the Advances to only finance the Borrower's general working capital needs (including, without limitation, the payment of Interest and Costs owing from time to time hereunder, the purchasing of Contractsretail installment sales contracts from new and used auto dealers, and the making funding of initial spread account deposits and any other use consistent with the uses described in Preamble A loans made directly to this Agreement or necessary or incidental theretoconsumers).

Appears in 1 contract

Samples: Credit Agreement (WFS Financial Inc)

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PERMITTED USE OF PROCEEDS. Use the proceeds of the Advances to only finance the Borrower's general working capital needs (including, without limitation, the payment of Interest and Costs owing from time to time hereunder, the purchasing of Contracts, the making payment of initial spread account deposits underwriting discounts, issuance of costs and any other use consistent with the uses described in Preamble A to this Agreement or necessary or incidental thereto).

Appears in 1 contract

Samples: Line of Credit Agreement (Westcorp /Ca/)

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