Common use of Proceeds of Loans Clause in Contracts

Proceeds of Loans. Each Obligor will not permit the proceeds of the Loans to be used for any purpose other than those permitted by Section 9.

Appears in 3 contracts

Samples: Term Loan and Security Agreement (DXP Enterprises Inc), Term Loan and Security Agreement (DXP Enterprises Inc), Loan and Security Agreement (DXP Enterprises Inc)

AutoNDA by SimpleDocs

Proceeds of Loans. Each Obligor Borrower will not permit the proceeds of the Loans to be used for any purpose other than those permitted by Section Sections 9.1.13 and 9.

Appears in 2 contracts

Samples: Loan and Security Agreement (CSI Compressco LP), Loan and Security Agreement (CSI Compressco LP)

AutoNDA by SimpleDocs

Proceeds of Loans. Each Obligor Borrower will not permit the proceeds of the Loans to be used for any purpose other than those permitted by Section 99.1.

Appears in 1 contract

Samples: Loan and Security Agreement (Key Energy Services Inc)

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