Proceeds of the Loan. The proceeds of the Loan shall be available (and the Borrower agrees that it shall use such proceeds) solely for general corporate purposes of the Guarantor and its Affiliates including without limitation, payment of costs incurred in connection with the Business Combination and repayment of callable debt in conjunction with the Business Combination.
Proceeds of the Loan. Borrower shall apply the Loan Amount solely for the purposes set forth in SECTION 2.3 hereof.
Proceeds of the Loan. The proceeds of the Loan made to the Borrower under this Agreement shall be used by the Borrower to fund future growth, stock repurchases, and other general corporate purposes.
Proceeds of the Loan. The Loan is subject to the provisions hereinafter set forth and shall mature on the Maturity Date. Borrower acknowledges that the net proceeds of the Loan to be received from Lender is in accordance with a loan settlement statement executed at closing by Lender and Borrower (the “Closing Statement”).
Proceeds of the Loan. A. The principal amount of the Loan(s) shall be dispersed to the Borrower on the Funding Date to the bank account of the Borrower as noted in the Drawdown Notice or as specified by the Borrower to the Lender from time to time
Proceeds of the Loan. The proceeds of the Loan shall be used by the Borrower only for the purpose described in the preamble hereto.
Proceeds of the Loan. The proceeds of the Loans shall be used by the Borrower only for the purposes described in the preamble hereto.
Proceeds of the Loan. The proceeds of the Loan made to the Borrower under this Agreement shall be used by the Borrower to fund the acquisition and merger of PSB Bancshares, Inc. (an Alabama bank holding company whose primary holding is 100% of the common stock of Peoples Southern Bank, Cxxxxxx, Alabama (“PSB”)) into the Borrower.
Proceeds of the Loan. The Loan shall have been made by the Lenders to the Borrower pursuant to the Loan Agreement in a principal amount equal to the aggregate of the Lenders' Commitments. 2.2 Proceeds of the Equity Investment. The Investor Participant shall have made the Equity Investment in the Owner Trust. 2.3 No change in Applicable Law. (a) Since the date of this Agreement and through the Delivery Date, no change shall have occurred in Applicable Law which, in the opinion of any of the Agent, the Lenders, the Collateral Trustee, the Arrangers, the Swap Counterparty, the Investor Participant, the Owners or the Parent, would make it illegal for any Participant to perform their respective obligations in accordance with the terms of any Operative Document on the Delivery Date, and (b) on the Delivery Date, no statute, rule or regulation (including, without limitation, any statute, rule or regulation relating to taxation) of any governmental body shall be pending or shall have come into effect which is likely to have a material and adverse effect on the transactions contemplated hereby. 2.4
Proceeds of the Loan. If the Special Dividend Payment Date occurs after the Closing Date, at any time prior to the payment of the Special Dividend, permit any portion of the proceeds of the Loans to be deposited to any account other than one or more deposit accounts maintained with the Administrative Agent or the First Lien Administrative Agent.
