Purpose and utilization Sample Clauses

Purpose and utilization. 2.3.1 The net proceeds of the Bonds shall be employed for general partnership purposes.
AutoNDA by SimpleDocs
Purpose and utilization. 2.3.1 The net proceeds of the Bonds shall be employed for company growth, working capital and general corporate requirements.
Purpose and utilization. The net proceeds from the Bonds shall be used for general corporate purposes.
Purpose and utilization. The net proceeds of the Bonds shall be applied (i) to partly finance the Transaction, (ii) to finance the Group’s further fleet expansion, and (iii) for the Group’s general corporate purposes.
Purpose and utilization. The net proceeds of the Initial Bond Issue shall be applied towards (i) the prepayment of the Existing Bonds and (ii) any remaining amount, for general corporate purposes.
Purpose and utilization. The net proceeds of the Bonds (net of legal costs, fees to the Managers and the Bond Trustee and any other agreed costs and expenses) shall be applied towards (i) refinancing of the Existing Bonds in full (including, without limitation, any costs and expenses incurred by the bond trustee under the Existing Bonds and any additional early redemption costs) and (ii) to the extent there is any remaining amount, general corporate purposes of the Group.
AutoNDA by SimpleDocs
Purpose and utilization. 2.3.1 The net proceeds of the Bonds shall be employed for the general financing of the Issuer.
Purpose and utilization. The net proceeds from the Bonds shall be used for refinancing of existing debt, including the NOK 1,000 million outstanding under the BON01 bond issue with ISIN NO 0010560683 and maturity on 15 December 2014 and for general corporate purposes.
Purpose and utilization. 2.3.1 The net proceeds of the Bonds shall part-finance the Issuer’s acquisition of existing Units and newbuild Units, directly or indirectly by acquiring Unit owning entities, or a combination thereof, and for general corporate purposes.
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!