Purpose of the Advances. All Advances made by the Lenders to the Borrower under the Revolving Facility in accordance with the provisions hereof from and after the Closing Date shall be used by the Borrower for general corporate purposes, including, without limitation, to issue Letters of Credit and to pay dividends to QMI from time to time, subject to and in accordance with the terms and conditions of this Agreement. All Advances made under the Finnvera Term Facility shall be for the purposes described in Section 2 of Schedule “P”.
Purpose of the Advances. All Advances made by the Revolving Facility Lenders to the Borrower under the Revolving Facility in accordance with the provisions hereof from and after the Closing Date, and all Advances made by the Unsecured Facility Lenders to the Borrower under the Unsecured Facility in accordance with the provisions hereof from and after the Third Amendment Closing Date, shall be used by the Borrower for general corporate purposes, including, without limitation, to issue Letters of Credit and to pay dividends to QMI from time to time, subject to and in accordance with the terms and conditions of this Agreement. All Advances made under the Finnvera Term Facility shall be for the purposes described in Section 2 of Schedule “P”.
Purpose of the Advances. The Borrowers undertake with each Creditor Party to use the Advances only for the purposes of (i) repayment of a bridge loan provided by ST Shipping, (ii) repayment of subordinated shareholder loans provided by ST Shipping and Pangaea and (iii) delivery financing of NORDIC OSHIMA.
Purpose of the Advances. The Borrower undertakes with each Creditor Party to use each Advance only for the purpose stated in the Recitals of this Agreement. 39
Purpose of the Advances. The Borrowers undertake with each Creditor Party to use each Advance only for financing or refinancing the Ship to which such Advance relates.
Purpose of the Advances. All Advances made by the Lenders to the Borrower under the Revolving Facility in accordance with the provisions hereof from and after the Seventh Amendment Closing Date shall be used by the Borrower for general corporate purposes, including, without limitation, to repay the CF Cable Notes and to pay dividends to QMI from time to time, subject to and in accordance with the terms and conditions of this Agreement.
Purpose of the Advances. All Advances made by the Lender to the Borrower in accordance with the provisions hereof (a) under Facility A, shall be used by the Borrower (directly or indirectly) exclusively to acquire the shares of ATC and for general corporate or business purposes, and (b) under Facility B, shall be used by the Borrower, directly or indirectly, exclusively to refinance existing Funded Debt of ATC and for general corporate or business purposes. No proceeds of any Advance will be used to acquire any equity security of a class which is registered pursuant to Section 12 of the Securities Exchange Act of 1934 or any "margin stock", as defined in Federal Reserve System Board of Governors Regulation U.
Purpose of the Advances. All Advances made by the Lenders to the Borrower in accordance with the provisions hereof from and after the Sixth Amendment Closing Date shall be used by the Borrower exclusively as follows:
3.1.1 Under the Revolving Facility, exclusively for working capital purposes and Capital Expenditures of the VL Group and, for greater certainty, may not be used to provide any funds to Quebecor Media Inc. to be used to refinance its Debt nor to refinance any existing Debt of the VL Group, except for Additional Distributions (provided that no Advance for such purpose shall be made if the amount of the Credit available under the Revolving Facility, after disbursing such Advance, would be less than $25,000,000);
3.1.2 Under Term Facility C, to refinance the Debt of the Borrower and its Subsidiaries under Term Facility A-1.
Purpose of the Advances. All Advances made by the Lenders to the Borrowers in accordance with the provisions hereof shall be used by the Borrowers (directly or indirectly) for (a) the financing of the non-hostile acquisition of assets, and (b) general corporate or business purposes, including the issuance of letters of credit and the repayment and cancellation of all Existing Credit Facilities. No proceeds of any Advance will be used (A) to acquire any equity "security", as defined in Section 2(1) of the Securities Act of 1933, as amended, of a class which is registered pursuant to Section 12 of the Securities Exchange Act of 1934 or any "margin stock", as defined in Federal Reserve System Board of Governors Regulation U, or (B) to finance or protect against any hostile acquisition (meaning an acquisition by or of a member of the Restricted Group in respect of which the board of directors of the target company or management of the target Person (if the target is not a corporation) has not recommended acceptance of same).
Purpose of the Advances. All Advances made by the Lenders to the Borrower in accordance with the provisions hereof shall be used by the Borrower exclusively as follows:
3.1.1 under Facility A, exclusively for general corporate purposes, including Acquisitions in the Borrower's Core Business, and for the repayment and cancellation of the Debt of the Borrower under the Existing Credit Agreement; and
3.1.2 under Facility B, exclusively to finance (i) Material Acquisitions in the Borrower's Core Business, (ii) Contract Costs of Customer Contracts, and (iii) the amount of the Investment to be made by the Borrower in Innovapost subject to the limitations contained in Section 13.7. None of the Facilities shall be used for the purpose of financing or protecting against any hostile acquisition, or to redeem, refinance, or purchase any equity or debt ranking junior to the Advances.
