Permitted Uses of Loan Proceeds. Borrowers represent, warrant and covenant to Agent and each Lender that all Loans shall be used by Borrowers solely for (i) Refinancing existing Indebtedness as of Closing Date and (ii) general corporate (and limited liability company) and working capital purposes.
Permitted Uses of Loan Proceeds. Borrower shall (i) use the Investment Capital Loan proceeds solely to make Portfolio Investments in accordance with the Business Plan, and in the amounts not exceeding the amounts, set forth on SCHEDULE 2.3 to the Disclosure Letter and (ii) use the Working Capital Loan proceeds solely to meet the normal working capital and operating expenses of Borrower and overhead in accordance with, and not exceeding amounts budgeted in, the Business Plan, but excluding, among other things, strategic capital investments in wireless operators and acquisitions of telecommunications licenses.
Permitted Uses of Loan Proceeds. Each Borrower represents, warrants and covenants to Agent and each Lender that all proceeds of the Loans shall be used by Borrowers solely for the purpose of refinancing existing debt, financing working capital, providing acquisition financing and for general corporate purposes.
Permitted Uses of Loan Proceeds. Each Borrower represents, warrants and covenants to Agent and each Lender that all proceeds of the Loans shall be used by Borrower solely for the purpose of financing working capital and for general corporate purposes.
Permitted Uses of Loan Proceeds. All proceeds of the Phase I Loans shall be used by Acquisition solely for the purpose of funding a portion of the cost of the Tender Offer and to provide funds to OMC to pay obligations in connection with the Debt Put Right. All proceeds of the Phase II Loans shall be used by New OMC solely in connection with and after the Merger to repay the Phase I Loan, to provide the consideration to be paid in the Merger to holders of any OMC shares not acquired in the Tender Offer and for any payments required to be made by New OMC in connection with the Debt Put Right.
Permitted Uses of Loan Proceeds. Section 2.10(a) of the Credit Agreement is hereby deleted in its entirety and the following is inserted in lieu thereof:
Permitted Uses of Loan Proceeds. Section 2.10(a) of the Credit Agreement is hereby amended to read in its entirety as follows:
Permitted Uses of Loan Proceeds. Borrowers represent, warrant and covenant to Agent and each Lender that all proceeds of the Loans shall be used by the Borrower solely for the purpose of repayment of existing Indebtedness for Borrowed Money of Borrowers (including the payments required under Section 5.1(i) of this Agreement), and for general corporate and working capital purposes (including without limitation those contemplated by Sections 8.2, 8.10 and 8.15 of this Agreement); provided, however, that in no event shall any proceeds of the Loans be used to pay Accrued Catch-Up Dividends if a Default or Event of Default shall then exist or would exist after giving effect to any such payment.
Permitted Uses of Loan Proceeds. Borrower represents, warrants and covenants to National City that all proceeds of the Loans shall be for general corporate purposes, working capital, property acquisitions and construction and expansion of retail facilities
Permitted Uses of Loan Proceeds. Each Borrower represents, warrants and covenants to Agent and each Lender that all proceeds of the Revolving Credit Loans shall be used by Borrowers solely for the purpose of acquisitions, Capital Expenditures, construction of proprietary systems, repayment of existing debt (including, without limitation, the Term Construction Loan), stock repurchases not prohibited in Section 8.3(c), financing working capital, any purpose for which the Term Construction Loan may be utilized and for general corporate purposes, and to pay fees and expenses reasonably associated with any of the foregoing. Further, each Borrower represents, warrants and covenants to Agent and each Lender that all proceeds of the Term Construction Loan shall be used by Borrowers solely for the purpose of providing capital for the purchase of the San Diego Property, the Improvements, and other fees and expenses reasonably associated therewith."
