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 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 (i) for working capital, (ii) for general corporate purposes (including, without limitation, the repurchase by the Borrower of Capital Stock of the Borrower, Borrower and the payment of cash dividends and for Permitted Investmentsdividends), (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 (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 Consolidated 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 (i) to effect the Transaction, to pay fees and expenses related to the Transaction and transactions contemplated by the Loan Documents, to refinance the outstanding principal amount of existing indebtedness of the Borrower and to provide for working capital, (ii) for capital and general corporate purposes (including, without limitation, the repurchase by of 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 Borrowerits 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 (i) to effect the Transaction and the Brethine Transaction, to pay fees and expenses related to the Transaction, the Brethine Transaction and transactions contemplated by the Loan Documents, to refinance the outstanding principal amount of existing indebtedness of the Borrower and to provide for working capital, (ii) for capital and general corporate purposes (including, without limitation, the repurchase by of 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 Borrowerits 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 (i) for working capital, (ii) for general corporate purposes (including, without limitation, the repurchase by the Borrower of to make Consolidated Capital Stock of the Borrower, the payment of cash dividends and for Permitted Investments)Expenditures, (iii) to make capital expenditures and for general corporate purposes, (iv) to refinance existing Indebtedness of the BorrowerBorrower and (v) to make 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 proceeds of the Loans hereunder shall be used solely by the Borrower to (ia) provide for working capital, (ii) for capital expenditures and general corporate purposes of the Borrower and its Subsidiaries (including, without limitation, the repurchase by the Borrower of Capital Stock of the Borrower, the payment of cash dividends and for Permitted InvestmentsAcquisitions), (iiib) to make capital expenditures consummate the MHA Acquisition, (c) refinance certain existing Indebtedness, and (ivd) pay fees and expenses relating to refinance existing Indebtedness any of the Borrowerforegoing. 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.