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 (a) to refinance existing Indebtedness of the Borrower under the Existing Credit Agreements, (b) repurchase stock in the Borrower, (c) to finance acquisitions to the extent permitted under this Credit Agreement and (d) for the working capital, commercial paper back up, capital expenditures and other lawful corporate purposes of the Borrower and its Subsidiaries.

Appears in 3 contracts

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

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Purpose of Loans. The proceeds of the Loans hereunder shall will be used solely by the Borrower to (ai) to refinance repay certain existing Indebtedness of the Borrower under the Existing Credit Agreements, (b) repurchase stock in the Borrower, (cii) to finance acquisitions Permitted Acquisitions, (iii) to finance the extent permitted under this Credit Agreement and (d) for the working capital, commercial paper back up, capital expenditures and other lawful corporate purposes repurchase of Capital Stock of the Borrower as permitted under Section 6.12 and its Subsidiaries(iv) to provide for working capital and other 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 Revolving Credit Loans hereunder shall be used solely by the Borrower to (a) to refinance existing Indebtedness of the Borrower repay indebtedness outstanding under the Existing Credit Agreements, (b) repurchase stock in the Borrower, (c) to finance acquisitions to the extent permitted under this Credit Agreement and (d) to provide funding for the working capital, commercial paper back up, capital expenditures and other lawful general corporate purposes of the Borrower and its Subsidiariesthe Subsidiary Guarantors, including working 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 and Letters of Credit shall be used solely by the Borrower to (ai) to refinance existing Indebtedness of the Borrower under the Existing Credit Agreements, (b) repurchase stock in the Borrower, (c) to finance acquisitions to the extent permitted under this Credit Agreement and (dii) for the finance any lawful general corporate purpose, including acquisitions, and working capital, commercial paper back up, capital expenditures and other lawful corporate purposes of the Borrower and its Subsidiaries.

Appears in 2 contracts

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

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 the Existing Credit Agreements, (b) repurchase stock in the Borrower, (cb) to finance acquisitions to the extent permitted under this Credit Agreement and (dc) for the working capital, commercial paper back up, capital expenditures and other lawful corporate purposes of the Borrower and its Subsidiaries.

Appears in 2 contracts

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

Purpose of Loans. The proceeds of the Loans hereunder shall be used solely by the Borrower (i) to pay fees and expenses related to the preparation and negotiation of this Agreement and the other Loan Documents, (aii) to refinance existing Indebtedness of the Borrower under the Existing Credit AgreementsAgreement, (b) repurchase stock in the Borrower, (c) to finance acquisitions to the extent permitted under this Credit Agreement and (diii) for the working capital, commercial paper back up, capital expenditures and other lawful corporate purposes purposes, including, without limitation, the making of Investments permitted under Section 8.02 and (iv) to support the Borrower and its Subsidiariesissuance of letters of credit for lawful corporate purposes.

Appears in 1 contract

Samples: Credit Agreement (L 3 Communications Holdings Inc)

Purpose of Loans. (a) The proceeds of the Loans hereunder shall be used solely by the Borrower to (ai) to refinance existing Indebtedness of the Borrower loans outstanding under the Existing Credit AgreementsAgreement, (bii) repurchase stock in the Borrowerfor general corporate purposes, (ciii) to finance acquisitions to the extent permitted under this Credit Agreement make Acquisitions and (div) for to pay fees and expenses to be incurred in connection therewith and in connection with the working capital, commercial paper back up, capital expenditures execution and other lawful corporate purposes delivery of the Borrower and its SubsidiariesLoan Documents.

Appears in 1 contract

Samples: Credit Agreement (Affiliated Managers Group Inc)

Purpose of Loans. The proceeds of the Loans hereunder shall be used solely by the such Borrower to (a) to refinance existing Indebtedness finance the repayment of the indebtedness of such Borrower under the Existing Credit Agreements, Agreement and (b) repurchase stock in to finance the ongoing operations of such Borrower, (c) to finance acquisitions to including the extent permitted under this Credit Agreement origination, acquisition and (d) for the working capitalservicing of residential mortgage loans, commercial paper back up, capital expenditures and other lawful working capital and general corporate purposes needs of the Borrower and its Subsidiariessuch Borrower, including making 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 (ai) to refinance a portion of the Existing Credit Agreement, (ii) to pay certain fees, taxes and expenses related to the refinancing of such existing Indebtedness of the Borrower under the Existing Credit Agreements, and its Subsidiaries and (biii) repurchase stock in the Borrowercase of the Revolving Credit Loans, (c) to finance acquisitions to the extent permitted under this Credit Agreement and (d) for the working capital, commercial paper back up, capital expenditures and other lawful corporate purposes business requirements of the Borrower and its Subsidiaries.

Appears in 1 contract

Samples: Credit Agreement (Riverwood Holding Inc)

Purpose of Loans. The proceeds of the Loans hereunder shall be used solely by the Borrower Borrowers to (ai) to refinance existing Indebtedness of the Borrower under the Existing Credit Agreements, (b) repurchase stock in the Borrower, (c) to finance acquisitions to the extent permitted under this Credit Agreement and (dii) provide for the working capital, commercial paper back up, capital expenditures Permitted Acquisitions and other lawful general corporate purposes purposes. The Letters of the Borrower and its SubsidiariesCredit shall be used for general corporate purposes.

Appears in 1 contract

Samples: Credit Agreement (Southern Foods Group L P)

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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 the Existing Credit Agreementsexisting credit agreements, (b) repurchase stock in the Borrower, (c) to finance acquisitions to the extent permitted under this Credit Agreement and (d) for the working capital, commercial paper back up, capital expenditures and other lawful corporate purposes of the Borrower 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 to (ai) to refinance existing Indebtedness of the Borrower under the Existing Credit Agreements, (b) repurchase stock in the Borrower, (c) to finance acquisitions to the extent permitted under this Credit Agreement and (dii) provide for the working capital, commercial paper back up, capital expenditures Permitted Acquisitions and other lawful general corporate purposes (including stock and the TIPES repurchase programs). The Letters of the Borrower and its SubsidiariesCredit 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 (a) to refinance existing Indebtedness of the Borrower under the Existing Credit Agreements, (b) repurchase stock in the Borrower, (c) to finance acquisitions to the extent permitted under this Credit Agreement and (d) provide for the working capital, commercial paper back upPermitted Acquisitions, capital expenditures Restricted Payments permitted hereunder and other lawful general corporate purposes (including Capital Stock repurchase programs). The Letters of the Borrower and its SubsidiariesCredit 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 hereunder shall will be used solely by the Borrower to (a) to refinance existing Indebtedness of the Borrower under the Existing Credit AgreementsIndebtedness, (b) repurchase stock in the Borrowerfor capital expenditures, (c) to finance acquisitions for transaction costs related to the extent permitted under this negotiation, execution and delivery of the Credit Agreement Documents and (d) for the working capital, commercial paper back up, capital expenditures and other lawful general corporate purposes of the Borrower and its Subsidiariespurposes, including Permitted Acquisitions.

Appears in 1 contract

Samples: Credit Agreement (Fisher Communications Inc)

Purpose of Loans. The proceeds of the Loans hereunder shall be used solely by the Borrower to (ai) to refinance existing Indebtedness of the Borrower indebtedness under the Existing Credit Agreements, (b) repurchase stock in the Borrower, (c) to finance acquisitions to the extent permitted under this Credit Agreement Agreements and (dii) for finance the continuing working capital, commercial paper back up, capital expenditures requirements and other lawful general corporate purposes of the Borrower and its SubsidiariesSubsidiaries in the ordinary course of business, including permitted 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 Borrower to (ai) to refinance repay existing Indebtedness of the Borrower indebtedness under the Existing Credit Agreements, (b) repurchase stock in the Borrower, (c) to finance acquisitions to the extent permitted under this Credit Agreement Agreements and (dii) for general corporate and working capital purposes (including without limitation the working capital, commercial paper back up, capital expenditures Asset Acquisition and other lawful corporate purposes of the Borrower and its Subsidiaries.other

Appears in 1 contract

Samples: Credit Agreement (BMC Industries Inc/Mn/)

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