Common use of Proceeds of Advance Clause in Contracts

Proceeds of Advance. The proceeds of the Advance are not used or to be used to make any Distributions including any Distributions to shareholders or other Related Parties.

Appears in 3 contracts

Samples: Credit Agreement (Integra Resources Corp.), Credit Agreement (VIQ Solutions Inc.), Credit Agreement (Integra Resources Corp.)

AutoNDA by SimpleDocs

Proceeds of Advance. The proceeds of the Advance are not used or to be used to make any Distributions including any Distributions to shareholders or other Related Parties, except to repay Retiring Debt.

Appears in 2 contracts

Samples: Credit Agreement, Credit Agreement (Accelerize Inc.)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!