Common use of Purpose of Loans Clause in Contracts

Purpose of Loans. The proceeds of the Loans hereunder shall be used solely by the Borrower to (i) refinance existing Indebtedness and (ii) provide for working capital and other general corporate purposes, including Permitted Acquisitions and repurchases of the Capital Stock of the Parent Guarantor. The Letters of Credit shall be used for general corporate purposes.

Appears in 3 contracts

Samples: Credit Agreement (Dollar Tree Stores Inc), Credit Agreement (Dollar Tree Stores Inc), Credit Agreement (Dollar Tree Stores Inc)

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Purpose of Loans. The proceeds of the Loans hereunder shall be used solely by the Borrower to (ia) to refinance existing Indebtedness of the Borrower under existing credit agreements, (b) repurchase stock in the Borrower, (c) to finance acquisitions to the extent permitted under this Credit Agreement and (iid) provide for the working capital, commercial paper back up, capital expenditures and any other general lawful corporate purposes, including Permitted Acquisitions and repurchases purposes of the Capital Stock of the Parent Guarantor. The Letters of Credit shall be used for general corporate purposesBorrower and its Subsidiaries.

Appears in 3 contracts

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

Purpose of Loans. The proceeds of the Loans hereunder shall have been or will be used solely by the Borrower to (i) refinance to repay certain existing Indebtedness and of the Borrower, (ii) to finance 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 purposes, including Permitted Acquisitions and repurchases of the Capital Stock of the Parent Guarantor. The Letters of Credit shall be used for general corporate purposes.

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 (i) refinance for refinancing existing Indebtedness indebtedness of the Borrower and (ii) provide for the Borrower’s general working capital and other general corporate purposes, purposes including the financing of Permitted Acquisitions and repurchases of the Capital Stock of the Parent Guarantor. The Letters of Credit shall be used for general corporate purposesAcquisitions.

Appears in 2 contracts

Samples: Credit Agreement (Aqua America Inc), Credit Agreement (Aqua America Inc)

Purpose of Loans. The proceeds of the Loans hereunder shall be used solely by the Borrower to (i) refinance existing Indebtedness and (ii) provide for working capital and other general corporate purposes, including Permitted Acquisitions and repurchases of the Capital Stock of the Parent Guarantor. The Letters of Credit shall be used for general corporate purposespurposes in the ordinary course of business and to refinance existing Indebtedness.

Appears in 2 contracts

Samples: Credit Agreement (National Education Corp), Credit Agreement (National Education Corp)

Purpose of Loans. The proceeds of the Revolving Credit Loans hereunder and Letters of Credit shall be used solely by the Borrower to (i) refinance existing Indebtedness and (ii) provide for working capital and other general corporate purposespurposes of the Borrower, including financing Permitted Acquisitions and repurchases Permitted Investments. The proceeds of the Capital Stock Term Loans shall be used by Borrower to fund in full the Refinancing and to pay fees and expenses in connection therewith and the remainder of the Parent Guarantor. The Letters of Credit such proceeds shall be used for general corporate purposes.

Appears in 2 contracts

Samples: Credit Agreement (General Chemical Group Inc), Credit Agreement (General Chemical Group Inc)

Purpose of Loans. The proceeds of the Loans hereunder Revolving Credit Borrowings shall be used solely by the Borrower to (i) refinance existing Indebtedness repay indebtedness outstanding under the Existing Credit Agreement and (ii) to provide funding for working capital and other the general corporate purposespurposes of the Borrower and the Subsidiary Guarantors, including Permitted Acquisitions and repurchases of the Capital Stock of the Parent Guarantor. The Letters of Credit shall be used for general corporate purposesworking capital.

Appears in 2 contracts

Samples: Credit Agreement (Landstar System Inc), Credit Agreement (Landstar System Inc)

Purpose of Loans. The proceeds of the Loans hereunder shall be used solely by the Borrower to (ia) refinance certain existing Indebtedness of the Borrower (including the Existing Credit Facility) and to pay certain fees and expenses related thereto and (iib) provide for working capital and other general corporate purposespurposes of the Credit Parties, including track development, Permitted Acquisitions Investments and repurchases of the Capital Stock of the Parent GuarantorPermitted Acquisitions. The Letters of Credit shall be used only for transactions entered into by the Borrower for general corporate purposes.

Appears in 1 contract

Samples: Credit Agreement (International Speedway Corp)

Purpose of Loans. The proceeds of the Loans hereunder have been and shall be used solely by the Borrower to (i) refinance existing a portion of the Existing Indebtedness and (ii) provide for working capital and other general corporate purposes, including Permitted Acquisitions and repurchases of the Capital Stock of the Parent Guarantor. The Letters of Credit shall be used for general corporate purposes.

Appears in 1 contract

Samples: Credit Agreement (Swisher International Group Inc)

Purpose of Loans. The proceeds of the Loans hereunder shall be used solely by the Borrower to (ia) refinance certain existing Indebtedness of the Borrower (including the Existing Credit Facility) and to pay certain fees and expenses related thereto, and (iib) provide for working capital and other general corporate purposespurposes of the Credit Parties, including track development, Permitted Acquisitions Investments and repurchases of the Capital Stock of the Parent GuarantorPermitted Acquisitions. The Letters of Credit shall be used only for transactions entered into by the Borrower for general corporate purposes.

Appears in 1 contract

Samples: Credit Agreement (International Speedway Corp)

Purpose of Loans. The proceeds of the Loans hereunder shall be used solely by the Borrower to (i) refinance existing Indebtedness and (ii) provide for working capital purposes and other general corporate purposes, including Permitted Acquisitions and repurchases purposes of the Capital Stock of Borrower and the Parent Guarantor. The Letters of Credit shall Subsidiaries (it being understood that the Loans may not be used for general corporate purposesused, directly or indirectly, to refinance any Indebtedness described in Section 8.2(c) or 8.2(n) or Section 11.6(a)(i)).

Appears in 1 contract

Samples: Credit Agreement (Activant Solutions Inc /De/)

Purpose of Loans. The proceeds of the Loans hereunder shall be used solely by the Borrower to (i) refinance existing Indebtedness and (ii) provide for working capital and other general corporate purposes, including Permitted Acquisitions and repurchases of the Capital Stock of the Parent Guarantor. The Letters of Credit shall be used for to (i) refinance the Existing Credit Agreements and (ii) finance any lawful general corporate purposespurpose, including acquisitions, and working capital.

Appears in 1 contract

Samples: Credit Agreement (Medtronic Inc)

Purpose of Loans. The proceeds of the Loans hereunder shall be used solely by the Borrower to (i) refinance existing Indebtedness Indebtedness, (ii) pay fees, commissions and expenses in connection with this Credit Agreement and (iiiii) provide for working capital and other general corporate purposes, including Permitted Acquisitions and Acquisitions, repurchases of the Capital Stock of the Parent GuarantorParent, and the payment of dividends in accordance with the terms of this Agreement. The Letters of Credit shall be used for general corporate purposes.

Appears in 1 contract

Samples: Credit Agreement (Dollar Tree Inc)

Purpose of Loans. The proceeds of the Loans hereunder shall be used solely by the Borrower to (i) refinance for refinancing existing Indebtedness indebtedness of the Borrower and (ii) provide for the Borrower's general working capital and other general corporate purposes, purposes including the financing of Permitted Acquisitions and repurchases of the Capital Stock of the Parent Guarantor. The Letters of Credit shall be used for general corporate purposesAcquisitions.

Appears in 1 contract

Samples: Credit Agreement (Philadelphia Suburban Corp)

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Purpose of Loans. The proceeds of the Loans hereunder shall be used solely by the Borrower to (ia) to refinance existing Indebtedness of the Borrower under existing credit agreements, (b) repurchase stock in the Borrower, (c) to finance acquisitions to the extent permitted under this Credit Agreement and (iid) provide for the working capital, capital expenditures and other general corporate purposes, including Permitted Acquisitions and repurchases purposes of the Capital Stock of the Parent Guarantor. The Letters of Credit shall be used for general corporate purposesBorrower and its Subsidiaries.

Appears in 1 contract

Samples: 364 Day Credit Agreement (Autozone Inc)

Purpose of Loans. The proceeds of the Loans hereunder shall be used solely by the Borrower to (ia) repurchase stock in the Borrower, (b) to finance acquisitions to the extent permitted under this Credit Agreement, (c) to refinance existing Indebtedness indebtedness to the Lenders and (iid) provide for the working capital, commercial paper back up, capital expenditures and other general lawful corporate purposes, including Permitted Acquisitions and repurchases purposes of the Capital Stock of the Parent Guarantor. The Letters of Credit shall be used for general corporate purposesBorrower and its Subsidiaries.

Appears in 1 contract

Samples: Credit Agreement (Autozone Inc)

Purpose of Loans. The proceeds of the Loans hereunder shall be used solely by the Borrower Borrowers (a) to pay the earnings and profit distribution owing by the Company in connection with the REIT Conversion, (ib) to pay transaction costs and fees associated with the REIT Conversion, (c) to refinance existing Indebtedness and (iid) to provide for working capital capital, commercial paper back up and any other general lawful corporate purposes, including Permitted Acquisitions and repurchases purposes of the Capital Stock of the Parent Guarantor. The Letters of Credit shall be used for general corporate purposesBorrowers and their Subsidiaries (including, without limitation, Permitted Acquisitions).

Appears in 1 contract

Samples: Credit Agreement (Longview Fibre Co)

Purpose of Loans. The proceeds of the Loans hereunder shall be used solely by the Borrower to (i) refinance existing Indebtedness and (ii) provide for working capital and other general corporate purposes, including Permitted Acquisitions and Acquisitions, repurchases of the Capital Stock of the Parent GuarantorParent, and the payment of dividends in accordance with the terms of this Agreement. The Letters of Credit shall be used for general corporate purposes.

Appears in 1 contract

Samples: Credit Agreement (Dollar Tree Stores Inc)

Purpose of Loans. The proceeds of the Loans hereunder shall be used solely by the Borrower to (ia) refinance existing Indebtedness of the Borrower and to pay certain fees and expenses related thereto, and (iib) provide for working capital and other general corporate purposes, including Permitted Acquisitions and repurchases of the Capital Stock of the Parent Guarantor. The Letters of Credit shall be used for general corporate purposes.

Appears in 1 contract

Samples: Credit Agreement (Florida Rock Industries Inc)

Purpose of Loans. The proceeds of the Loans hereunder shall be used solely by the Borrower Borrowers (a) to pay the earnings and profit distribution owing by the Company in connection with the REIT Conversion, (ib) to pay transaction costs and fees associated with the REIT Conversion, (c) to refinance existing Indebtedness (including the Senior Subordinated Notes) and (iid) to provide for working capital capital, commercial paper back up and any other general lawful corporate purposes, including Permitted Acquisitions and repurchases purposes of the Capital Stock of the Parent Guarantor. The Letters of Credit shall be used for general corporate purposesBorrowers and their Subsidiaries (including, without limitation, Permitted Acquisitions).

Appears in 1 contract

Samples: Credit Agreement (Longview Fibre Co)

Purpose of Loans. The proceeds of the Loans hereunder shall be used solely by the Borrower (a) to repurchase stock in the Borrower, (ib) to finance acquisitions to the extent permitted under this Credit Agreement, (c) to refinance existing Indebtedness indebtedness to the Lenders and (iid) provide for the working capital, commercial paper back up, capital expenditures and other general lawful corporate purposes, including Permitted Acquisitions and repurchases purposes of the Capital Stock of the Parent Guarantor. The Letters of Credit shall be used for general corporate purposesBorrower and its Subsidiaries.

Appears in 1 contract

Samples: Day Credit Agreement (Autozone Inc)

Purpose of Loans. The proceeds of the Loans hereunder shall be used solely by the Borrower to (ia) to refinance existing Indebtedness of the Borrower under existing credit agreements, (b) repurchase stock in the Borrower, (c) to finance acquisitions to the extent permitted under this Credit Agreement and (iid) provide for the working capital, commercial paper back up, capital expenditures and other general lawful corporate purposes, including Permitted Acquisitions and repurchases purposes of the Capital Stock of the Parent Guarantor. The Letters of Credit shall be used for general corporate purposesBorrower and its Subsidiaries.

Appears in 1 contract

Samples: Credit Agreement (Autozone Inc)

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