Purpose of the Loans. The Loans shall be used to support electrical generation and transmission operations of the Borrower and for purposes of funding working capital, capital expenditures, refinancing of obligations, including those arising under the Existing Credit Agreement, and other corporate purposes of the Borrower and its Subsidiaries, and shall not be used for non electrical operations of the Borrower and its Subsidiaries.
Purpose of the Loans. The Loans shall be used (a) to refinance certain indebtedness of the Borrower, and (b) for purposes of funding working capital, capital expenditures, and other corporate purposes of the Borrower and its Subsidiaries.
Purpose of the Loans. The Loans and the Loan CT.B shall exclusively serve the following purposes hereunder and the Borrowers hereby undertake to the Lenders to make use of the Loans only for the purposes as stipulated following hereafter:
Purpose of the Loans. 3.1 The “Term Loan” is exclusively designed for the partial financing of the fixed assets for the “Project” in accordance with the description in the overview “Source of Funds / Use of Funds” in Annex 2 (Source of Funds / Use of Funds).
3.2 The “Bridge Loan” serves to pre-finance the “Investment Supports”.
3.3 The “Revolver” serves the financing of the necessary operating funds for the “Project”.
Purpose of the Loans. The proceeds of the Loans made available to the Borrowers are to be used solely (a) to fund, in part, the Pharmasset Acquisition, (b) to pay fees and expenses incurred in connection with the transactions contemplated herein and (c) for working capital requirements of the Borrowers and their Subsidiaries and for the general corporate purposes of the Borrowers and their Subsidiaries not in contravention of any Law or Loan Document.
Purpose of the Loans. Subject to the terms and conditions contained herein, (i) the proceeds of the Term Loan shall be used to refinance existing mortgage debt of the Borrower with the balance for general corporate purposes of the Borrower, with all proceeds advanced at the closing, and (ii) the proceeds of the Revolver Loan shall be used to refinance existing indebtedness and for working capital and general corporate purposes of the Borrower.”
Purpose of the Loans. The proceeds of the Loans made available to the Borrower are to be used solely to finance a portion of the Acquisition and to pay certain fees and expenses payable to the Lenders in connection with the Loans. The Borrower shall not use, and shall procure that its Subsidiaries shall not use, the proceeds of the Loans made available to the Borrower in contravention of the United States Foreign Corrupt Practices Act of 1977, the PATRIOT Act or any other similar applicable anti-corruption or anti-terrorism legislation promulgated under any of the foregoing.
Purpose of the Loans. Each of Party B and Party C hereby represents that he shall use the Loans solely for the establishment of the Company and for the development of the Company’s business. Without Party A’s prior written consent, neither Party B nor Party C shall use the Loans for any other purpose.
Purpose of the Loans. The proceeds of the Loan made available to the Borrower on a date no later than December 31, 2005 are to be used solely (a) to pay fees and expenses incurred in connection with the transactions contemplated herein, and (b) for the Borrower to pay dividends to the Parent, which dividends are eligible for treatment under Section 965 of the Code, as amended by The American Jobs Creation Act of 2004.
Purpose of the Loans. The proceeds of the Loans shall be used only for purposes directly related to the conduct of the Borrower's business as a real estate investment trust, including, without limitation, general corporate purposes, working capital purposes and the purposes of acquiring, refinancing, maintaining and disposing of real estate projects; provided, however, that no more than Five Million Dollars ($5,000,000) may be available hereunder for the issuance of Letters of Credit or the repayment of Letter of Credit Obligations; and provided, further, that no amounts may be borrowed hereunder for the purpose of paying or financing the payment of dividends declared by the Borrower.
