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:
Purpose of Credit Facilities. Advances under the Credit Facilities shall only be used by the Borrowers for working capital needs, Permitted Acquisitions, capital expenditures and other general corporate purposes of the Parent and its Subsidiaries and costs related to the Transactions.
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. 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. (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.
Purpose of Credit Facilities. Borrower will use the proceeds of the Term Loan as disclosed in writing to Lender and for no other purpose. Borrower will use the proceeds of the Revolving Credit Facility for its working capital and general corporate purposes and to refinance certain Debt as disclosed to Lender. Borrower will use the proceeds of the Term Loan for the Subject Expansion and no other purpose. No part of the proceeds of the Term Loan or the Revolving Credit Facility will be used, directly or indirectly, for a purpose that violates any Law, including the provisions of Regulation U.” (o) New Sections 7.20 through 7.22 of the Credit Agreement are hereby added to the Credit Agreement in their appropriate numerical order as follows:
Purpose of Credit Facilities. (a) The Loan Advance made under the Term Facility shall only be used to refinance the Existing Debt; and
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.
