Common use of Purpose of Loans and Letters of Credit Clause in Contracts

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.

Appears in 4 contracts

Samples: Credit Agreement (Amn Healthcare Services Inc), Credit Agreement (Amn Healthcare Services Inc), Credit Agreement (Amn Healthcare Services Inc)

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Purpose of Loans and Letters of Credit. The Borrower will use the Loans and Letters of Credit and the proceeds of the Loans to will be used (a) to refinance certain existing Indebtedness, (b) to provide for general working capital, capital expenditures and or (c) for other general corporate purposes of the Credit Parties Borrower 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 foregoingits Subsidiaries.

Appears in 2 contracts

Samples: Credit Agreement (Universal Corp /Va/), Credit Agreement (Universal Corp /Va/)

Purpose of Loans and Letters of Credit. The Borrower will use the Letters of Credit and the proceeds of the Loans to 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 (b) to provide for ongoing working capital, capital expenditures and other general corporate purposes of the Credit Parties Borrower 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 foregoingits Subsidiaries.

Appears in 1 contract

Samples: Credit Agreement (Apria Healthcare Group Inc)

Purpose of Loans and Letters of Credit. (a) The Borrower will use the Letters of Credit and the proceeds of the Revolving Loans are intended to (a) provide be and shall be used by the Borrower for working capital, capital expenditures and general corporate purposes of the Credit Parties Borrower and their Subsidiaries (includingthe other Loan Parties, without limitation, including to finance Permitted Acquisitions), Acquisitions and Capital Expenditures. (b) on the Closing Date to refinance the Existing The Letters of Credit Agreement, and (c) pay fees and expenses relating to any shall be used for general corporate purposes of the foregoingBorrower and the other Loan Parties.

Appears in 1 contract

Samples: Credit Agreement (J2 Global, Inc.)

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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 Borrower and their its Subsidiaries (including, without limitation, Permitted Acquisitions), (b) on the Closing Date to refinance the Existing Credit AgreementAgreements, and (c) pay fees and expenses relating to any of the foregoing.

Appears in 1 contract

Samples: Credit Agreement (Amn Healthcare Services Inc)

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), ) and (b) on the Closing Date to refinance the Existing Credit Agreement, and (c) pay fees and expenses relating to any of the foregoing.

Appears in 1 contract

Samples: Credit Agreement (Amn Healthcare Services Inc)

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