Purpose of Facility. The Term Loan shall be used by the Borrower for its acquisitions and general corporate purposes, including but not limited paying off existing debt, which in the reasonable opinion of the Borrower’s management is in the interest of the Borrower.
Appears in 2 contracts
Sources: Facility Agreement, Facility Agreement (Track Group, Inc.)
Purpose of Facility. The Term Loan shall be used by the Borrower for its acquisitions and general corporate purposes, including but not limited paying off existing debt, which in the reasonable opinion of the Borrower’s management is in the interest of the Borrower.
Appears in 2 contracts
Sources: Facility Agreement, Facility Agreement (SecureAlert, Inc.)