Purpose of Credit Facilities. The purpose of the Credit Facilities is to finance the purchase of such securities as may be acceptable to you by me/us through my/our Margin Securities Account from time to time.
Purpose of Credit Facilities. Advances under the Credit Facilities will only be used for the following respective purposes:
(a) Advances under the Canadian Revolving Facility will only be used by the Canadian Borrower for general corporate purposes of the Obligors (subject to the terms hereof);
(b) Advances under the US Revolving Facility will only be used by the US Borrower for general corporate purposes of the Obligors (subject to the terms hereof); and
(c) Advances under the LC Facility will only be used by the Borrowers for general corporate purposes of the Obligors (subject to the terms hereof).
Purpose of Credit Facilities. All Advances under the Credit Facilities shall be used by the Borrowers exclusively for the purposes of financing the general corporate purposes of the Restricted Group, including Capital Expenditures, Permitted Acquisitions and Contract Costs of Customer Contracts.
Purpose of Credit Facilities. Borrower will use the proceeds of the Revolving Credit Facility for working capital and other general corporate purposes. No part of the proceeds of the Revolving Credit Facility will be used, directly or indirectly, for a purpose that violates any Law, including the provisions of Regulation U.
Purpose of Credit Facilities. 47 8.2 Existence, Good Standing, Authority, and Authorizations. . . . . . . . 47 8.3
Purpose of Credit Facilities. Borrower will use (or will loan such proceeds to its Companies to so use) all proceeds of Borrowings for one or more of the following: (a) to finance all or a portion of the Sygnet Merger and the related costs and expenses; (b) to finance other Permitted Acquisitions; (c) to refinance certain indebtedness of Sygnet Wireless, Inc. existing as of the Closing Date, including the Sygnet Senior Notes; (d) to finance Capital Expenditures; (e) to finance certain investments permitted by the Loan Papers; (f) to finance certain permitted Distributions; (g) for working capital of Borrower and its Subsidiaries; and (h) for general corporate purposes. No Company is engaged principally, or as one of its important activities, in the business of extending credit for the purpose of purchasing or carrying any "MARGIN STOCK" within the meaning of REGULATION U. No part of the proceeds of any Borrowing will be used, directly or indirectly, for a purpose which violates any Law, including, without limitation, the provisions of REGULATIONS T, U, or X (as enacted by the Board of Governors of the Federal Reserve System, as amended).
Purpose of Credit Facilities. Section 8.1 is amended by adding the following proviso to the end of the first sentence of such Section: "provided that the Revolver Facility may not be used to prepay or repay the One-Year Term Loan except as permitted by Section 9.6."
Purpose of Credit Facilities. (1) Advances under the Revolving Facility shall only be used by the Borrower for general corporate purposes including, without limitation, Acquisitions and Distributions permitted herein.
(2) Advances under the L/C Facility shall be used by the Borrower for the purpose of obtaining Letters of Credit.
Purpose of Credit Facilities. (a) Loans under the Credit Facilities will only be used to make a loan, advance and/or capital contribution to or investment in SDCI, and will in turn only be used by SDCI for the development of the Xxxxxx Xxxxxxx Project and for general corporate requirements in the ordinary course of business of the Borrower and SDCI, including costs relating to financing activities of the Borrower and SDCI. For greater certainty, Loans under the Credit Facilities are not to be used for exploration activities.
(b) The Lender is not bound to monitor or verify the application of any amount borrowed pursuant to this Agreement.
Purpose of Credit Facilities. (a) The Loan Advance made under the Term Facility shall only be used to refinance the Existing Debt; and
(b) The Loan Advances made under the Revolving Facility shall be used to finance general working capital and corporate requirements and to finance certain acquisitions approved by the Agent in its sole discretion (acting reasonably); provided that the Agent shall be deemed to have approved all acquisition(s) having a principal acquisition cost not exceeding one million dollars ($1,000,000).
