Common use of Purpose and utilization Clause in Contracts

Purpose and utilization. 2.3.1 The net proceeds of the Bonds shall be employed for general partnership purposes.

Appears in 6 contracts

Samples: Bond Agreement (Teekay Offshore Partners L.P.), Bond Agreement (Teekay LNG Partners L.P.), Bond Agreement (Teekay Offshore Partners L.P.)

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Purpose and utilization. 2.3.1 The net proceeds of the Bonds shall be employed for general partnership purposespurposes including funding of newbuilding installments.

Appears in 1 contract

Samples: Bond Agreement (Teekay LNG Partners L.P.)

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Purpose and utilization. 2.3.1 The net proceeds of the Bonds shall be employed for general partnership purposes, including repayment of existing credit facility debt.

Appears in 1 contract

Samples: Bond Agreement (Teekay Offshore Partners L.P.)

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