Common use of Purpose of Loans Clause in Contracts

Purpose of Loans. The proceeds of Term Loans shall be used by the Borrower (i) in the case of the Initial Term Loans, to effect, in part, the Refinancing and the other Transactions, and to pay certain fees and expenses relating thereto and (ii) in the case of all other Term Loans, to finance the working capital, capital expenditures, business requirements and other general corporate purposes of the Borrower and its Restricted Subsidiaries.

Appears in 3 contracts

Samples: Credit Agreement (Nci Building Systems Inc), Credit Agreement (Nci Building Systems Inc), Credit Agreement (Emergency Medical Services CORP)

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Purpose of Loans. The proceeds of Term Loans shall be used by the Borrower (i) in the case of the Initial Term Loans, to effect, in part, the Refinancing and the other Transactions, and to pay certain fees and expenses relating thereto and (ii) in the case of all other Term Loans, to finance the working capital, capital expenditures, business requirements and other general corporate purposes of the Borrower and its Restricted SubsidiariesSubsidiaries and for other purposes not prohibited by this Agreement.

Appears in 2 contracts

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

Purpose of Loans. The proceeds of the Term Loans shall be used by the Borrower (ia) in the case of the Initial Term LoansLoans made on the Closing Date, to effect, in part, the Refinancing and the other Transactions, Transactions and to pay certain transaction fees and expenses relating related thereto and (ii) in the case of all other Term Loans, to finance the working capital, capital expenditures, business requirements and other general corporate purposes of the Borrower and its Restricted SubsidiariesSubsidiaries and for other purposes not prohibited by this Agreement.

Appears in 2 contracts

Samples: Intercreditor Agreement (Us LBM Holdings, Inc.), Intercreditor Agreement (Us LBM Holdings, Inc.)

Purpose of Loans. The proceeds of Term Loans shall be used by the Borrower (i) in the case of the Initial Term Loans, to effect, in part, the Refinancing and the other Transactions, and to pay certain fees fees, premiums and expenses relating thereto and (ii) in the case of all other Term Loans, to finance the working capital, capital expenditures, business requirements and other general corporate purposes of the Borrower and its Restricted SubsidiariesSubsidiaries and for other purposes not prohibited by this Agreement.

Appears in 2 contracts

Samples: Credit Agreement (Core & Main, Inc.), Term Loan Credit Agreement (Nci Building Systems Inc)

Purpose of Loans. The proceeds of the Term Loans shall be used by the Borrower (ia) in the case of the Initial Term Loans, to effectfinance, in part, the Refinancing Acquisition and the other Transactions, and (b) to pay certain transaction fees and expenses relating thereto related to the Transactions and (iic) in for general corporate purposes. The proceeds of Revolving Loans and Swing Line Loans shall be used by the case of all other Term Loans, Borrower to finance the working capital, capital expenditures, and business requirements of, and other for general corporate purposes of of, the Borrower and its Restricted Subsidiaries.

Appears in 1 contract

Samples: Credit Agreement (HSI IP, Inc.)

Purpose of Loans. The proceeds of the Term Loans Loans, and not more than the Maximum Initial Amount of the Revolving Credit Loans, shall be used by the Parent Borrower (ia) in the case to finance a portion of the Initial Term Loans, to effect, in part, the Refinancing Transactions and the other Transactions, and (b) to pay certain transaction fees and expenses relating thereto and (ii) in related to the case Transactions. The proceeds of all other Term Revolving Credit Loans, the Swing Line Loans and the Letters of Credit shall be used by the Borrowers to finance the working capital, capital expenditures, and business requirements of, and other for general corporate purposes of of, the Parent Borrower and its Restricted Subsidiaries.

Appears in 1 contract

Samples: Credit Agreement (Sirva Inc)

Purpose of Loans. The proceeds of the Term Loans shall be used by the Borrower (i) in the case of the Initial Term Loans, to effect, in part, the Refinancing and the other Transactions, and to pay certain fees and expenses relating thereto and (ii) in the case of all other Term Loans, to finance the working capital, capital expenditures, and business requirements of, and other for general corporate purposes of purposes, the Borrower and its Restricted SubsidiariesSubsidiaries and to fund acquisitions, investments and other transactions permitted by this Agreement; provided, that such proceeds shall not be used to pay Transaction Costs payable under the Merger Agreement in connection with the SPAC Transaction.

Appears in 1 contract

Samples: Credit Agreement (Abacus Life, Inc.)

Purpose of Loans. The proceeds of Term Loans shall be used by the Borrower (i) in the case of the Initial Term B-2 Loans, to effect, refinance (x) the Dollar Term B-1 Loans in part, the Refinancing full and the other Transactions, and to pay certain fees and expenses relating thereto (y) an aggregate principal amount of $175,625,000 of Euro Term B-1 Loans and (ii) in the case of all other Term Loans, to finance the working capital, capital expenditures, business requirements and for other general corporate purposes of the Borrower Holdings and its Restricted SubsidiariesSubsidiaries not prohibited by this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Univar Inc.)

Purpose of Loans. The proceeds of Term Loans shall be used by the Borrower (i) in the case of the Initial Term LoansLoans made on the Closing Date, to effect, in part, the Refinancing and the other Transactions, and to pay certain fees fees, premiums and expenses relating thereto and (ii) in the case of all other Term Loans, to finance the working capital, capital expenditures, business requirements and other general corporate purposes of the Borrower and its Restricted Subsidiaries.Subsidiaries and for other purposes not prohibited by this Agreement. 5.17

Appears in 1 contract

Samples: Credit Agreement (Cornerstone Building Brands, Inc.)

Purpose of Loans. The proceeds of Term Loans shall be used by the Borrower (i) in the case of the Initial Term B-3 Loans, to effect, refinance the Term B-2 Loans and Euro Term B-1 Loans in part, the Refinancing and the other Transactions, and to pay certain fees and expenses relating thereto full and (ii) in the case of all other Term Loans, to finance the working capital, capital expenditures, business requirements and for other general corporate purposes of the Borrower Holdings and its Restricted SubsidiariesSubsidiaries not prohibited by this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Univar Inc.)

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Purpose of Loans. The proceeds of the Term Loans shall be used by the Borrower (ia) in the case of the Initial Term Loans, to effectfinance, in part, the Refinancing Transactions and the other Transactions, and (b) to pay certain transaction fees and expenses relating thereto and (ii) in related to the case of all other Term Loans, to finance the working capital, capital expenditures, business requirements and other general corporate purposes of the Borrower and its Restricted SubsidiariesTransactions.

Appears in 1 contract

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

Purpose of Loans. The proceeds of Term Loans shall be used by the Borrower (i) in the case of the Initial Term Loans, to effect, in part, the Refinancing and the other Transactions, Transactions and to pay certain fees and expenses relating thereto and (ii) in the case of all other Term Loans, to finance the working capital, capital expenditures, business requirements and for other general corporate purposes of the Borrower Holdings and its Restricted SubsidiariesSubsidiaries not prohibited by this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Univar Inc.)

Purpose of Loans. The proceeds of Term Loans shall be used by the Borrower Borrowers (i) in the case of the Initial Term Loans, to effect, in part, the Refinancing JDL Acquisition and the other Transactions, and to pay certain fees and expenses relating thereto and (ii) in the case of all other Term Loans, to finance the working capital, capital expenditures, business requirements and for other general corporate purposes of the Parent Borrower and its Restricted SubsidiariesSubsidiaries not prohibited by this Agreement.

Appears in 1 contract

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

Purpose of Loans. (i) The proceeds of the Term Loans shall be used by to finance the Borrower (i) in the case of the Initial Term Loans, to effect, in part, the Refinancing and the other Transactions, Transaction and to pay certain related fees and expenses relating thereto and (ii) in the case proceeds of all other Term the Revolving Credit Loans, to finance the working capital, capital expenditures, business requirements Swing Line Loans and other CAF Advances shall be used for the general corporate purposes purposes, including acquisitions permitted hereunder and commercial paper backup, of the Borrower and its Restricted Subsidiaries.

Appears in 1 contract

Samples: Credit Agreement (Sybron International Corp)

Purpose of Loans. The proceeds of Term Loans shall be used by the Borrower (i) in the case of the Initial Term Loans, to effect, in part, the Refinancing and the other Transactions, and to pay certain fees and expenses relating thereto and (ii) in the case of all other Term Loans, to finance the working capital, capital expenditures, business requirements and for other general corporate purposes of the Borrower and its Restricted SubsidiariesSubsidiaries not prohibited by this Agreement.

Appears in 1 contract

Samples: Intercreditor Agreement (PharMEDium Healthcare Holdings, Inc.)

Purpose of Loans. The proceeds of the Term Loans shall be used by to finance the Borrower (i) in the case of the Initial Term Loans, to effect, in part, the Refinancing and the other Transactions, Acquisition and to pay certain related fees and expenses relating thereto and (ii) in expenses. The proceeds of the case of all other Term Loans, Revolving Credit Loans shall be used to finance provide for the working capital, capital expenditures, business requirements and other general corporate purposes of the Borrower and its Restricted Subsidiaries.operating subsidiaries and for their general corporate purposes (including the refinancing of existing indebtedness of the Borrower and the financing of the Acquisition and the fees and expenses relating thereto). 69 63

Appears in 1 contract

Samples: And Collateral Agreement (Ev International Inc)

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