Purpose of Loans and Letters of Credit. The proceeds of the Loans hereunder shall be used solely by the Borrower to effect the Transaction, to pay fees and expenses related to the Transaction and to provide for working capital and general corporate purposes of the Borrower and its Subsidiaries (including, without limitation, Permitted Acquisitions). The Letters of Credit shall be used only for or in connection with appeal bonds, reimbursement obligations arising in connection with surety and reclamation bonds, reinsurance, domestic or international trade transactions and obligations not otherwise aforementioned relating to transactions entered into by the applicable account party in the ordinary course of business.
Purpose of Loans and Letters of Credit. The Borrower will use the Letters of Credit and the proceeds of the Loans to (a) provide for working capital, capital expenditures and general corporate purposes of the Credit Parties and their Subsidiaries (including, without limitation, Permitted Acquisitions), (b) on the Closing Date to refinance the Existing Credit Agreement, and (c) pay fees and expenses relating to any of the foregoing.
Purpose of Loans and Letters of Credit. The proceeds of the Loans and Letters of Credit hereunder shall be used solely by the Borrower (a) to refinance existing Indebtedness of the Borrower under the Existing Credit Agreement and the Senior Subordinated Notes and (b) to provide for ongoing working capital, capital expenditures and other general corporate purposes of the Borrower and its Subsidiaries.
Purpose of Loans and Letters of Credit. The proceeds of the Loans and Letters of Credit shall be used to refinance the Existing Credit Agreements and to finance any lawful general corporate purpose, including acquisitions, and working capital.
Purpose of Loans and Letters of Credit. The proceeds of the Loans hereunder shall be used solely by the Borrower (i) for working capital, (ii) for general corporate purposes (including, without limitation, the repurchase by the Borrower of Capital Stock of the Borrower, the payment of cash dividends and for Permitted Investments), (iii) to make capital expenditures and (iv) to refinance existing Indebtedness of the Borrower. The Letters of Credit shall be used only for or in connection with appeal bonds, reimbursement obligations arising in connection with surety and reclamation bonds, reinsurance, domestic or international trade transactions and obligations not otherwise aforementioned relating to transactions entered into by the applicable account party in the ordinary course of business.
Purpose of Loans and Letters of Credit. The proceeds of the Loans hereunder shall be used solely by the Borrower for working capital and general corporate purposes of the Credit Parties. The Letters of Credit shall be used only for or in connection with appeal bonds, reimbursement obligations arising in connection with surety and reclamation bonds, reinsurance, domestic or international trade transactions, worker's compensation bonds and obligations not otherwise aforementioned relating to transactions entered into by the applicable account party in the ordinary course of business.
Purpose of Loans and Letters of Credit. The proceeds of the Loans hereunder shall be used solely by the Borrowers to provide for working capital, capital expenditures and any other lawful corporate purposes of the Borrowers and their Subsidiaries (including, without limitation, Permitted Acquisitions). The Letters of Credit shall be used only for or in connection with credit support required for bonds issued in respect of financings for which a Loan Party is responsible for, directly or indirectly, repayment, appeal bonds, reimbursement obligations arising in connection with surety and reclamation bonds, reinsurance and obligations not otherwise aforementioned relating to transactions entered into by the applicable account party in the ordinary course of business.
Purpose of Loans and Letters of Credit. The proceeds of the Loans and Letters of Credit shall be used to finance any lawful general corporate purpose, including acquisitions and working capital.
Purpose of Loans and Letters of Credit. The proceeds of the -------------------------------------- Loans hereunder shall be used solely by the Borrower (i) to refinance existing indebtedness of the Borrower under the Existing Credit Agreement, (ii) to finance the Stock Repurchase, and (iii) for working capital and general corporate purposes (including acquisitions permitted by Section 8.3(d) and Investments permitted by Section 8.4) of the Borrower and its Consolidated Subsidiaries. The Letters of Credit shall be used only for or in connection with appeal bonds, reimbursement obligations arising in connection with surety and reclamation bonds, reinsurance, domestic or international trade transactions and obligations not otherwise aforementioned relating to transactions entered into by the applicable account party in the ordinary course of business.
Purpose of Loans and Letters of Credit. The proceeds of the Loans hereunder shall be used solely by the Borrower to effect the Transaction, to pay fees and expenses related to the Transaction and to provide for working capital and general corporate purposes of the Borrower and its Subsidiaries. The Letters of Credit shall be used only for or in connection with appeal bonds, reimbursement obligations arising in connection with surety and reclamation bonds, reinsurance, domestic or international trade transactions and obligations not otherwise aforementioned relating to transactions entered into by the applicable account party in the ordinary course of business.
