Common use of Permitted Uses of Loan Proceeds Clause in Contracts

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.

Appears in 2 contracts

Samples: Credit Agreement (Industrial Services of America Inc /Fl), Credit Agreement (Industrial Services of America Inc /Fl)

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Permitted Uses of Loan Proceeds. Borrowers representBorrower represents, warrant warrants and covenant covenants to Agent and each Lender that all proceeds of the Loans shall be used by Borrowers Borrower solely for (i) Refinancing existing Indebtedness as the purpose of Closing Date financing working capital, acquisitions and (ii) for general corporate (and limited liability company) and working capital purposes.

Appears in 1 contract

Samples: Credit Agreement (Clearview Cinema Group Inc)

Permitted Uses of Loan Proceeds. Borrowers representEach Borrower represents, warrant warrants and covenant covenants to Agent and each Lender that all proceeds of the Loans shall be used by Borrowers such Borrower solely for the purpose of refinancing existing debt, consummating the Transactions (iincluding paying expenses incurred in connection therewith) Refinancing existing Indebtedness as of Closing Date financing working capital, financing Permitted Acquisitions and (ii) for general corporate (purposes of Borrowers and limited liability company) and working capital purposestheir Subsidiaries.

Appears in 1 contract

Samples: Credit Agreement (Team America Inc)

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 Borrowers the Borrower solely for (i) Refinancing the purpose of repayment of existing Indebtedness as for Borrowed Money of Closing Date Borrowers (including the payments required under Section 5.1(i) of this Agreement), and (ii) for general corporate (and limited liability company) and working capital purposespurposes (including without limitation those contemplated by Sections 8.2, 8.10 and 8.15 of this Agreement).

Appears in 1 contract

Samples: Loan Agreement (Omega Healthcare Investors Inc)

Permitted Uses of Loan Proceeds. Borrowers representBorrower represents, warrant warrants and covenant covenants to Agent and each Lender that all proceeds of the Loans shall be used by Borrowers Borrower solely for (i) Refinancing existing Indebtedness as of Closing Date the purpose financing working capital and (ii) for general corporate (and limited liability company) and working capital purposespurposes not in violation of this Agreement.

Appears in 1 contract

Samples: Credit Agreement (AtriCure, Inc.)

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Permitted Uses of Loan Proceeds. Borrowers representBorrower represents, warrant warrants and covenant covenants to Agent and each Lender that all proceeds of the Loans shall be used by Borrowers Borrower solely for (i) Refinancing the purpose of refinancing existing Indebtedness as of Closing Date debt and (ii) general corporate (and limited liability company) and financing working capital purposescapital.

Appears in 1 contract

Samples: Loan Agreement (Baldwin Piano & Organ Co /De/)

Permitted Uses of Loan Proceeds. Borrowers representEach Borrower represents, warrant warrants and covenant covenants to Agent and each Lender that all the proceeds of the Loans shall be used by Borrowers Borrower solely for (i) Refinancing existing the purpose of refinancing, repaying, prepaying, redeeming, defeasing or retiring certain Indebtedness as of Closing Date the Borrowers at or below par value, financing working capital and (ii) for general corporate (and limited liability company) and working capital purposes.

Appears in 1 contract

Samples: Credit Agreement (Romacorp Inc)

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