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 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 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 hereunder shall be used solely by the Borrower (ai) to refinance existing Indebtedness fund certain of the Borrower under Borrower's working capital needs, provided, that in no event shall the Existing proceeds of the Term Loan be used to make any severance payments or other similar payments to Xxxx Xxxx or Xxxx Xxxx and (ii) to pay transaction fees and expenses related to the Credit Agreement and other transactions contemplated hereby, including the Senior Subordinated Notes and (b) to provide for ongoing working capital, capital expenditures and other general corporate purposes proposed recapitalization of the Borrower and its Subsidiariesoutstanding debt.

Purpose of Loans and Letters of Credit. The proceeds of the Loans and Letters of Credit hereunder shall be used solely by the Borrower for (ai) to refinance working capital; (ii) payment of fees and expenses incurred in connection herewith, (iii) refinancing existing Indebtedness of the Borrower under the Existing Credit Agreement and the Senior Subordinated Notes and Borrower, (biv) to provide for ongoing working capital, capital expenditures and other Permitted Acquisitions and (v) general corporate purposes. The Letters of Credit shall be used only for general corporate purposes of the Borrower and its SubsidiariesBorrower.