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 Borrowers shall use the Loans hereunder for the purpose agreed upon with the Lender and finally use the loan proceeds in full to make capital contribution to the Target Company by September 16, 2020. On September 16, 2020, the registered capital of the Target Company shall increase from [***] to [***], and the Borrowers shall increase their subscribed capital contribution to the Target Company in the amount of [***], in which the increased subscribed capital contribution to the Target Company by the [Natural Person] is [***], representing 79% of the increased subscribed capital contribution to the Target Company and [***]% of the equity interests in the Target Company (the “Restricted Equity”). The increased subscribed capital contribution to the Target Company by the [Company] is [***], representing 21% of the increased subscribed capital contribution to the Target Company and [***]% of the equity interests in the Target Company (the “Restricted Equity”). Upon use by the Borrowers of the Loans for making capital contribution to the Target Company pursuant to this Agreement, the paid-in capital of the Target Company shall be increased from [***] to [***]. Without the Lender’s prior written consent, the Borrowers shall not apply the whole or any part of the Loans for any other purpose.
Purpose of the Loans. The loans advanced to Sales & Distribution Company as part of the integrated management of the Group’s funds, will result in an effective utilisation of funds, reduce costs, and optimisation the Group’s capital structure. Through entrustment loan arrangements, the Group’s available funds can be better utilised by those subsidiaries of the Company which are most in need of funds. The management of the Company is of the view that the centralisation of its intra-group depository and financing functions will enhance its treasury management capabilities, reduce unding from external sources, and result in lower finance charges of the Group.
Purpose of the Loans. Use the proceeds of the Loans for new portfolio investments and general corporate purposes of Borrower as an investment company registered under the 1940 Act. Without limiting the foregoing, Borrower will not, directly or indirectly, use any part of such proceeds for any purpose which would violate any provision of its Prospectus or any applicable statute, regulation, order or restriction.
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.
