Common use of Purpose of Loans Clause in Contracts

Purpose of Loans. The proceeds of the Loans shall be used to finance or refinance the working capital and general corporate needs of the Borrower and its Subsidiaries, including acquisitions.

Appears in 2 contracts

Samples: Credit Agreement (Boston Scientific Corp), Credit Agreement (Boston Scientific Corp)

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Purpose of Loans. The proceeds of the Loans hereunder shall be used solely by the Borrower to (a) repurchase stock in the Borrower, (b) to finance or refinance acquisitions to the extent permitted under this Credit Agreement and (c) for the working capital, commercial paper back up, capital expenditures and general other lawful corporate needs purposes of the Borrower and its Subsidiaries, including acquisitions.

Appears in 2 contracts

Samples: Credit Agreement (Autozone Inc), Credit Agreement (Autozone Inc)

Purpose of Loans. The proceeds of the Loans shall will be used (i) to repay certain existing Indebtedness of the Borrower, (ii) to finance or refinance Permitted Acquisitions, (iii) to finance the repurchase of Capital Stock of the Borrower as permitted under Section 6.12 and (iv) to provide for working capital and other general corporate needs of the Borrower and its Subsidiaries, including acquisitionspurposes.

Appears in 2 contracts

Samples: Credit Agreement (Consolidated Graphics Inc /Tx/), Credit Agreement (Consolidated Graphics Inc /Tx/)

Purpose of Loans. The proceeds of the Loans hereunder shall be used solely by the Borrower to (a) to refinance existing Indebtedness of the Borrower under existing credit agreements, (b) repurchase stock in the Borrower, (c) to finance or refinance acquisitions to the extent permitted under this Credit Agreement and (d) for the working capital, capital expenditures and general other lawful corporate needs purposes of the Borrower and its Subsidiaries, including acquisitions.

Appears in 1 contract

Samples: Credit Agreement (Autozone Inc)

Purpose of Loans. The proceeds of the Revolving Credit Loans shall be used by the Borrower for general corporate purposes, to finance or refinance the fund ongoing working capital and general corporate needs to finance future acquisitions of the Borrower and its Subsidiaries, including acquisitionsSubsidiaries in the ordinary course of business.

Appears in 1 contract

Samples: Credit Agreement (Core Mark International Inc)

Purpose of Loans. The proceeds of the Loans shall be used by the Borrower to (i) refinance indebtedness under the Existing Credit Agreements and (ii) finance or refinance the continuing working capital requirements and general corporate needs purposes of the Borrower and its SubsidiariesSubsidiaries in the ordinary course of business, including acquisitionspermitted acquisitions permitted pursuant to subsection 8.10 hereof.

Appears in 1 contract

Samples: Credit Agreement (Aftermarket Technology Corp)

Purpose of Loans. The proceeds of the Loans hereunder shall be used solely by the Borrowers to finance or (i) refinance the existing Indebtedness and (ii) provide for working capital capital, Permitted Acquisitions and other general corporate needs purposes. The Letters of the Borrower and its Subsidiaries, including acquisitionsCredit shall be used for general corporate purposes.

Appears in 1 contract

Samples: Credit Agreement (Southern Foods Group L P)

Purpose of Loans. The proceeds of the Loans loans shall be used by the Borrower to finance or refinance the Existing Loans, and for working capital and general corporate needs purposes in the ordinary course of the Borrower and its Subsidiaries, including acquisitionsbusiness.

Appears in 1 contract

Samples: Credit Agreement (Big City Radio Inc)

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Purpose of Loans. The proceeds of the Loans shall be used by such Borrower (a) to finance or refinance the repayment of indebtedness of such Borrower under the Existing Credit Agreement and (b) to finance the ongoing operations of such Borrower, including the origination, acquisition and servicing of residential mortgage loans, and other working capital and general corporate needs of the Borrower and its Subsidiariessuch Borrower, including acquisitionsmaking Restricted Payments permitted by subsection 8.9.

Appears in 1 contract

Samples: Credit Agreement (Homeside Lending Inc)

Purpose of Loans. The proceeds of the Loans hereunder shall be used solely by the Borrower to finance or (i) refinance the existing Indebtedness and (ii) provide for working capital capital, Permitted Acquisitions and other general corporate needs purposes (including stock and the TIPES repurchase programs). The Letters of the Borrower and its Subsidiaries, including acquisitionsCredit shall be used for general corporate purposes.

Appears in 1 contract

Samples: Credit Agreement (Suiza Foods Corp)

Purpose of Loans. The proceeds of the Loans hereunder shall be used solely by the Borrower to finance or refinance the provide for working capital capital, Permitted Acquisitions, Restricted Payments permitted hereunder and other general corporate needs purposes (including Capital Stock repurchase programs). The Letters of the Borrower and its Subsidiaries, including acquisitionsCredit shall be used for general corporate purposes.

Appears in 1 contract

Samples: Credit Agreement (Dean Foods Co/)

Purpose of Loans. The proceeds of the Loans shall be used by the Borrower (i) to finance or pay fees and expenses related to the preparation and negotiation of this Agreement and the other Loan Documents, (ii) to refinance the Existing Credit Agreement, (iii) for working capital, capital expenditures and general other lawful corporate needs purposes, including, without limitation, the making of Investments permitted under Section 8.02 and (iv) to support the Borrower and its Subsidiaries, including acquisitionsissuance of letters of credit for lawful corporate purposes.

Appears in 1 contract

Samples: Credit Agreement (L 3 Communications Holdings Inc)

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