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)

AutoNDA by SimpleDocs

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 including, but not limited to, acquisitions.

Appears in 1 contract

Samples: Day Revolving Credit Agreement (Boston Scientific Corp)

Purpose of Loans. The proceeds of the Loans shall be used to finance or (i) refinance the working capital Existing Credit Agreement and (ii) finance any lawful general corporate needs of the Borrower and its Subsidiariespurpose, including acquisitions, and working capital.

Appears in 1 contract

Samples: Credit Agreement (Medtronic Inc)

Purpose of Loans. The proceeds of the Loans shall be used by Holdings to partially finance or refinance the Acquisition and pay related transaction fees and expenses and by the Borrower to support on-going working capital and general corporate needs of the Borrower Borrower, Metrocorp, Jewel and its Subsidiaries, including acquisitionstheir respective Subsidiaries in the ordinary course of their respective businesses.

Appears in 1 contract

Samples: Credit Agreement (Security Capital Corp/De/)

Purpose of Loans. The proceeds purpose of the Loans shall be used is to finance or refinance the working capital and general corporate needs of the Borrower and its Subsidiaries, including acquisitionsincluding, but not limited to, Permitted Acquisitions.

Appears in 1 contract

Samples: Credit Agreement (Schein Henry Inc)

Purpose of Loans. The proceeds of the Loans shall be used to finance or refinance the working capital and for general corporate needs and business purposes of the Borrower and its Subsidiaries, including acquisitionseither or both Borrowers.

Appears in 1 contract

Samples: Credit Agreement (Chevron Phillips Chemical Co LLC)

Purpose of Loans. The proceeds of the Loans shall be used ---------------- solely to finance or refinance the working capital Acquisition and general corporate needs the construction, renovation and equipping of the Improvements. The Request for Borrowing delivered by Borrower and its Subsidiariespursuant to Section 2.4 in connection with each Loan shall contain a specific itemized description of the items to be funded or reimbursed, including acquisitionscertified in each instance by Borrower.

Appears in 1 contract

Samples: Credit Agreement (Afc Enterprises 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 partially finance or the Precision Acquisition, to refinance existing Indebtedness of the Borrower, Precision and their Subsidiaries, to pay fees, commissions and expenses in connection herewith and therewith, and for working capital and general corporate needs purposes in the ordinary course of the Borrower and its Subsidiaries, including acquisitions.business

Appears in 1 contract

Samples: Credit Agreement (Monarch Machine Tool Co)

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 purposes including the acquisition of additional radio stations and general corporate needs related assets in the ordinary course of the Borrower and its Subsidiaries, including acquisitionsbusiness.

Appears in 1 contract

Samples: Credit Agreement (Big City Radio Inc)

AutoNDA by SimpleDocs

Purpose of Loans. The proceeds of the Loans shall be used to finance or refinance by the Borrowers (a) for working capital purposes, capital expenditures and general corporate needs purposes in the ordinary course of the Borrower business and its Subsidiaries, including acquisitions(b) for Permitted Acquisitions.

Appears in 1 contract

Samples: Assumption Agreement (TWP Capital Corp Ii)

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)

Purpose of Loans. The proceeds of the Loans are intended to be and shall be used by the Borrower to finance or refinance the working capital its operational needs and for general corporate needs of the Borrower and its Subsidiaries, including acquisitionspurposes.

Appears in 1 contract

Samples: Revolving Credit Agreement (Phoenix International Life Sciences Inc)

Purpose of Loans. The proceeds of the Loans shall and the Letters of Credit will be used (a) to finance or refinance certain indebtedness of the Borrower, and to pay fees and expenses related to the Shell Transactions and (b) after the Closing Date, for working capital and for the general corporate needs purposes of the Borrower and its Subsidiaries, including acquisitionsSubsidiaries in the ordinary course of business.

Appears in 1 contract

Samples: Credit Agreement (Meridian Resource Corp)

Purpose of Loans. The proceeds of the Loans shall will be used to finance or refinance by the Borrower for working capital and general corporate needs and partnership purposes in the ordinary course of the Borrower business including without limitation for acquisition and its Subsidiaries, including acquisitionsdevelopment of properties and for distributions purposes.

Appears in 1 contract

Samples: Credit Agreement (Urban Shopping Centers Inc)

Purpose of Loans. The proceeds of the Loans shall will be used to finance or refinance the Acquisition in part, including, without limitation, by the payment of a dividend by the Borrower to the LLC Members on the Closing Date and the closing costs and expenses related thereto and for general corporate purposes, including working capital and general corporate needs letters of the Borrower and its Subsidiaries, including acquisitionscredit.

Appears in 1 contract

Samples: Credit Agreement (Advanced Glassfiber Yarus LLC)

Time is Money Join Law Insider Premium to draft better contracts faster.