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).
Purpose of the Loans. The proceeds of the Loans made available to the Borrower are to be used solely to fund, in part, the Pharmasset Acquisition, including refinancing or retiring, to the extent elected by the Borrower, existing Indebtedness of Pharmasset and paying fees and expenses for which the Borrower is responsible in connection with the Transactions.
Purpose of the Loans. The Loans shall be used to support electrical generation and transmission operations of the Borrower, and shall not be used for non-electrical operations of the Borrower and its Subsidiaries.
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 Borrowers are to be used solely (a) to refinance the Existing Credit Facility, (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; provided that such proceeds shall in no event be utilized to enable either Borrower or a Subsidiary to acquire Control of any Person without the legal and binding requisite consent of directors (or other comparable governing body) of the Person being acquired.
Purpose of the Loans. The Lender and the Borrower agree that the -------------------- exclusive purpose of the Loans is to fund the Borrower's purchase of shares of stock of Telular Corporation in open-market transactions (the "Stock ----- Purchases"). ---------
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. The Loans shall be used for Otter Tail Power Company electrical generation and transmission operations and other general corporate purposes of Otter Tail Power Company not in contravention of any applicable law or of any Loan Document.
