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

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.

Appears in 2 contracts

Samples: Credit Agreement (Health Net Inc), Credit Agreement (Health Net Inc)

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Purpose of Loans and Letters of Credit. The proceeds of the Loans and the Letters of Credit shall be used by the Company and its Subsidiaries to refinance the Existing Credit Agreements existing bank lines and to finance any lawful for all other general corporate purposepurposes including, including acquisitionswithout limitation, and working capital, letters of credit, repayment, prepayment or purchase of long-term Indebtedness, Investments and Restricted Payments.

Appears in 2 contracts

Samples: Credit Agreement (Harman International Industries Inc /De/), Credit Agreement (Harman International Industries Inc /De/)

Purpose of Loans and Letters of Credit. The proceeds of the Loans and the Letters of Credit shall be used by the Company and its Subsidiaries (a) to refinance repay in full the loans and other amounts outstanding under the Existing Credit Agreements Agreement on the Effective Date and to finance any lawful (b) for general corporate purposepurposes including, including acquisitionswithout limitation, repayment, prepayment or purchase of long-term Indebtedness and working capitalAcquisitions.

Appears in 1 contract

Samples: Multi Currency Credit Agreement (Harman International Industries Inc /De/)

Purpose of Loans and Letters of Credit. The proceeds of the Loans and the Letters of Credit shall be used by the Company to refinance the Existing Credit Agreements existing bank lines and to finance any lawful for general corporate purposepurposes including, including acquisitionswithout limitation, and working capital, letters of credit, repayment, prepayment or purchase of long-term indebtedness and acquisitions.

Appears in 1 contract

Samples: Credit Agreement (Harman International Industries Inc /De/)

Purpose of Loans and Letters of Credit. The proceeds of the Loans and the Letters of Credit shall be used to refinance by the Existing Credit Agreements Company and to finance any lawful its Subsidiaries for general corporate purposepurposes including, including acquisitionswithout limitation, and working capital, letters of credit, repayment, prepayment or purchase of long-term Indebtedness, Investments and Restricted Payments.

Appears in 1 contract

Samples: Multi Currency, Multi Option Credit Agreement (Harman International Industries Inc /De/)

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Purpose of Loans and Letters of Credit. The proceeds of the Loans and the Letters of Credit shall be used by the Company and its Subsidiaries (a) to refinance repay in full the loans and other amounts outstanding under the Existing Credit Agreements Agreement on the Effective Date and to finance any lawful (b) for general corporate purposepurposes including, including acquisitionswithout limitation, and working capital, letters of credit, repayment, prepayment or purchase of long-term Indebtedness, Acquisitions, Investments and Restricted Payments.

Appears in 1 contract

Samples: Multi Currency Credit Agreement (Harman International Industries Inc /De/)

Purpose of Loans and Letters of Credit. The proceeds of the Loans and the Letters of Credit shall be used to refinance by the Existing Credit Agreements Company and to finance any lawful its Subsidiaries for general corporate purposepurposes including, including acquisitionswithout limitation, and working capital, repayment, prepayment or purchase of long-term Indebtedness, Acquisitions, Investments and Restricted Payments.

Appears in 1 contract

Samples: Multi Currency Credit Agreement (Harman International Industries Inc /De/)

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