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 the Letters of Credit shall be used by the Company to refinance existing bank lines and for general corporate purposes including, without limitation, working capital, letters of credit, repayment, prepayment or purchase of long-term indebtedness and acquisitions.

Appears in 1 contract

Samples: 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 to refinance existing bank lines and its Subsidiaries for general corporate purposes including, without limitation, working capital, letters of credit, repayment, prepayment or purchase of long-term indebtedness Indebtedness, Investments and acquisitionsRestricted Payments.

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 by the Company to refinance existing bank lines the Existing Credit Agreement and for to finance any lawful general corporate purposes includingpurpose, without limitationincluding acquisitions, Restricted Payments and working capital, letters of credit, repayment, prepayment or purchase of long-term indebtedness and acquisitions.

Appears in 1 contract

Samples: Credit Agreement (Health Net Inc)

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 existing bank lines repay in full the loans and other amounts outstanding under the Existing Credit Agreement on the Effective Date and (b) for general corporate purposes including, without limitation, working capital, letters of credit, repayment, prepayment or purchase of long-term indebtedness Indebtedness and acquisitionsAcquisitions.

Appears in 1 contract

Samples: Multi Currency 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 existing bank lines repay in full the loans and other amounts outstanding under the Existing Credit Agreement on the Effective Date and (b) for general corporate purposes including, without limitation, working capital, letters of credit, repayment, prepayment or purchase of long-term indebtedness Indebtedness, Acquisitions, Investments and acquisitionsRestricted 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 by the Company to refinance existing bank lines and its Subsidiaries for general corporate purposes including, without limitation, working capital, letters of credit, repayment, prepayment or purchase of long-term indebtedness Indebtedness, Acquisitions, Investments and acquisitionsRestricted Payments.

Appears in 1 contract

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

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