Common use of Purpose of Loans Clause in Contracts

Purpose of Loans. The proceeds of the Revolving Loans and Swing Line Loans shall be used by the Borrower to finance the working capital and business requirements of, and for capital expenditures and for general corporate purposes (including permitted acquisitions and Investments) of, the Borrower and its Subsidiaries.

Appears in 4 contracts

Samples: Credit Agreement (Frontdoor, Inc.), Credit Agreement (Frontdoor, Inc.), Credit Agreement (Frontdoor, Inc.)

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Purpose of Loans. The proceeds of the Revolving Credit Loans and Swing Line Swingline Loans shall be used by the Borrower Borrowers (i) to effect, in part, Recapitalization Transaction and the other Transactions, and to pay certain fees and expenses relating thereto and (ii) to finance the working capital, capital and expenditures, business requirements of, and for capital expenditures and for other general corporate purposes (including permitted acquisitions and Investments) of, of the Parent Borrower and its Restricted Subsidiaries.

Appears in 3 contracts

Samples: Credit Agreement (Atkore International Group Inc.), Credit Agreement (Unistrut International Holdings, LLC), Credit Agreement (Unistrut International Holdings, LLC)

Purpose of Loans. The proceeds of the Revolving Loans and Loans, Swing Line Loans and Letters of Credit shall be used by the Borrower to finance the working capital and business requirements of, and for capital expenditures and for general corporate purposes (including permitted acquisitions and Investments) of, the Borrower Borrowers and its SubsidiariesGuarantors.

Appears in 3 contracts

Samples: Loan and Security Agreement (Nci Building Systems Inc), Loan and Security Agreement (Nci Building Systems Inc), Loan and Security Agreement (Nci Building Systems Inc)

Purpose of Loans. The proceeds of the Revolving Loans and Swing Line Loans shall be used by the Borrower Borrowers (a) on the Closing Date, to finance consummate the Transactions and to pay certain transaction fees and expenses related to the Transactions and (b) on and after the Closing Date for working capital needs and business requirements of, and for capital expenditures and for general corporate purposes (including permitted acquisitions and Investments) of, the Borrower and its Subsidiariespurposes.

Appears in 3 contracts

Samples: Credit Agreement (US Foods Holding Corp.), Credit Agreement (US Foods Holding Corp.), Abl Credit Agreement (US Foods Holding Corp.)

Purpose of Loans. The proceeds of the Revolving Credit Loans and Swing Line Loans shall be used by the Borrower Borrowers (a) on the Closing Date, to finance finance, in part, the working capital Acquisition and business requirements of, the other Transactions and to pay certain transaction fees and expenses related to the Transactions; provided that no more than the amount set forth in the funds flow memo for capital expenditures the Transactions as being drawn hereunder may be drawn on the Closing Date hereunder and (b) thereafter for general corporate purposes (including permitted acquisitions and Investments) of, the Borrower and its Subsidiariespurposes.

Appears in 2 contracts

Samples: Credit Agreement (Hd Supply, Inc.), Credit Agreement (HSI IP, Inc.)

Purpose of Loans. The proceeds of the Revolving Credit Loans and Swing Line Swingline Loans shall be used by the Borrower Borrowers (i) to effect, in part, the Waterworks Acquisition and the other Transactions, and to pay certain fees, premiums and expenses relating thereto and (ii) to finance the working capital, capital and expenditures, business requirements of, and for capital expenditures and for general corporate purposes (including permitted acquisitions and Investments) of, of the Parent Borrower and its SubsidiariesSubsidiaries and for other purposes not prohibited by this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Core & Main, Inc.)

Purpose of Loans. The proceeds of the Revolving Credit Loans and Swing Line Swingline Loans shall be used by the Borrower Borrowers (i) to finance, in part, the Transactions, and to pay certain transaction fees and expenses related to the Transactions and (ii) to finance the working capital and business requirements of, and for capital expenditures and for general corporate purposes (including permitted acquisitions and Investments) of, the Parent Borrower and its Subsidiaries.

Appears in 1 contract

Samples: Credit Agreement (New Sally Holdings, Inc.)

Purpose of Loans. The proceeds of the Revolving Credit Loans and Swing Line Swingline Loans shall be used by the Borrower Borrowers (i) to effect, in part, the Refinancing of Existing Debt and the other Transactions, and to pay certain fees and expenses relating thereto and (ii) to finance the working capital, capital and expenditures, business requirements of, and for capital expenditures and for other general corporate purposes (including permitted acquisitions and Investments) of, of the Parent Borrower and its Restricted Subsidiaries.

Appears in 1 contract

Samples: Credit Agreement (Emergency Medical Services CORP)

Purpose of Loans. The proceeds of the Revolving Credit Loans and Swing Line Loans shall be used by the Borrower Borrowers on and after the Closing Date, to finance finance, in part, the working capital Transactions and business requirements of, to pay certain transaction fees and expenses related to the Transactions and for working capital, capital expenditures and for other general corporate purposes (including permitted acquisitions and Investments) of, the Borrower and its Subsidiariespurposes.

Appears in 1 contract

Samples: Credit Agreement (Hd Supply, Inc.)

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Purpose of Loans. The proceeds of the Revolving Credit Loans and Swing Line Swingline Loans shall be used by the Borrower Borrowers (i) to effect, in part, the JDL Acquisition and the other Transactions, and to pay certain fees and expenses relating thereto and (ii) to finance the working capital, capital and expenditures, business requirements of, and for capital expenditures and for general corporate other purposes (including permitted acquisitions and Investments) of, of the Parent Borrower and its SubsidiariesSubsidiaries not prohibited by this Agreement.

Appears in 1 contract

Samples: Credit Agreement (SiteOne Landscape Supply, Inc.)

Purpose of Loans. The proceeds of the Revolving Credit Loans and the Swing Line Loans shall be used by for the Borrower to finance the working capital and business requirements of, and for capital expenditures and for general corporate purposes (including permitted acquisitions and Investments) of, of the Borrower Company and its Subsidiaries.

Appears in 1 contract

Samples: Credit Agreement (Apogent Technologies Inc)

Purpose of Loans. The proceeds of the Revolving Credit Loans and Swing Line Swingline Loans shall be used by the Borrower Borrowers (i) to effect the Transactions, and to pay certain fees and expenses relating thereto, and (ii) to finance the working capital, capital and expenditures, business requirements of, and for capital expenditures and for general corporate other purposes (including permitted acquisitions and Investments) of, of the Parent Borrower and its SubsidiariesSubsidiaries not prohibited by this Agreement.

Appears in 1 contract

Samples: Credit Agreement (SiteOne Landscape Supply, Inc.)

Purpose of Loans. The proceeds of the Revolving Credit Loans and Swing Line Loans shall be used by the Borrower Borrowers to finance the working capital and business requirements of, and for capital expenditures and for general corporate purposes (including permitted acquisitions and Investments) of, the Parent Borrower and its Subsidiaries; provided that after giving effect to the Borrowings hereunder on the Closing Date, the Available Loan Commitments shall not be less than $500,000,000.

Appears in 1 contract

Samples: Mortgage, Security Agreement (Hertz Corp)

Purpose of Loans. The proceeds of the Revolving Credit Loans and Swing Line Swingline Loans shall be used by the Borrower Borrowers (i) to effect, in part, the Transactions, and to pay certain fees and expenses relating thereto and (ii) to finance the working capital, capital expenditures, business requirements, acquisitions and business requirements of, and for capital expenditures and for other general corporate purposes (including permitted acquisitions and Investments) of, of the Parent Borrower and its Restricted Subsidiaries.

Appears in 1 contract

Samples: Credit Agreement (Envision Healthcare Corp)

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