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) to refinance existing indebtedness of the Borrower under the Existing Credit Agreement, (ii) to finance the Stock Repurchase, and (iii) for working capital and general corporate purposes (including acquisitions permitted by Section 8.3(d) and Investments permitted by Section 8.4) of the Borrower and its Consolidated 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 Borrower will use the proceeds of the -------------------------------------- Loans hereunder shall be used solely by to (a) provide for working capital, capital expenditures and general corporate purposes of the Borrower and its Subsidiaries (iincluding, without limitation, Permitted Acquisitions), (b) to refinance existing indebtedness of the Borrower under the Existing Credit Agreement, (iic) to finance cash collateralize certain letters of credit issued under the Stock Repurchase, Existing Credit Agreement in accordance with the Cash Collateral Agreement,and (iiid) for working capital pay fees and general corporate purposes (including acquisitions permitted by Section 8.3(d) and Investments permitted by Section 8.4) expenses relating to any of the Borrower and its Consolidated Subsidiariesforegoing. 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 refinance existing indebtedness of the Borrower under the Existing Credit Agreement, for working capital (ii) to finance the Stock Repurchasemake Consolidated Capital Expenditures, and (iii) to refinance existing Indebtedness of the Parent on the Closing Date, (iv) to make Permitted Acquisitions, (v) to make the Xxxxxx Xxxxxxx Acquisition and to refinance existing Indebtedness of Xxxxxx Xxxxxxx in connection therewith and (vi) for working capital and general corporate purposes (including acquisitions permitted by Section 8.3(d) and Investments permitted by Section 8.4) of the Borrower and its Consolidated Subsidiariespurposes. 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 (ia) to refinance existing indebtedness of the Borrower under the Existing Credit Agreement, Indebtedness and (iib) to finance the Stock Repurchase, and (iii) provide for working capital capital, commercial paper back up and general any other lawful corporate purposes (including acquisitions permitted by Section 8.3(d) and Investments permitted by Section 8.4) of the Borrower and its Consolidated SubsidiariesSubsidiaries (including, without limitation, Permitted Acquisitions). The Letters of Credit shall be used only for or in connection with credit support required for bonds issued in respect of financings for which a Borrower is responsible for, directly or indirectly, repayment, appeal bonds, reimbursement obligations arising in connection with surety and reclamation bonds, reinsurance, domestic or international trade transactions reinsurance 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) to refinance existing indebtedness of the Borrower under the Existing Credit Agreement, (ii) to finance the Stock Repurchase, and (iii) provide for working capital and general corporate purposes (including acquisitions permitted by Section 8.3(d) and Investments permitted by Section 8.4) of the Borrower and its Consolidated SubsidiariesSubsidiaries (including, without limitation, Permitted Acquisitions and to advance the redemption price with respect to the Tender Offer; provided, however that such Tendered Securities are promptly cancelled or retired by the Parent (or become unissued but authorized shares of Capital Stock of the Parent) following such repurchase or acquisition). 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 Credit Parties (i) to refinance existing indebtedness Indebtedness of the Borrower Airgas under the Existing Credit Agreement, (ii) to finance the Stock Repurchaseacquisition of new Subsidiaries, and (iii) to finance loans, advances and other investments by the Consolidated Parties to the extent permitted under this Credit Agreement and (iv) for the working capital, capital expenditure and other general corporate purposes (including acquisitions permitted by Section 8.3(d) and Investments permitted by Section 8.4) of the Borrower and its Consolidated SubsidiariesParties. 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 acquisitions by the Consolidated Parties and other transactions entered into by the applicable account party in the ordinary course of business.