Common use of Purpose of Revolving Loans Clause in Contracts

Purpose of Revolving Loans. The Revolving Loan Borrower shall use the proceeds of the Revolving Loans, for Permitted Acquisitions, capital expenditures, its general corporate purposes and to refinance Revolving Swing Line Loans.

Appears in 3 contracts

Samples: Loan Agreement (Lithia Motors Inc), Loan Agreement (Lithia Motors Inc), Loan Agreement (Lithia Motors Inc)

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Purpose of Revolving Loans. The Revolving Loan Borrower shall use the proceeds of the Revolving Loans, for Permitted Acquisitions, capital expenditures, its general corporate purposes (including for Permitted Acquisitions), and to refinance Revolving Swing Line Loans.

Appears in 1 contract

Samples: Loan Agreement (Lithia Motors Inc)

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Purpose of Revolving Loans. The Revolving Loan Borrower shall use the proceeds of the Revolving LoansLoans solely to finance used vehicles, for Permitted Acquisitions, capital expenditures, its general corporate purposes purposes, to fund Sweep Advances, and to refinance Revolving Swing Line Loansfinance Permitted Acquisitions.

Appears in 1 contract

Samples: Loan Agreement (Lithia Motors Inc)

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