Common use of Purpose of the Loans Clause in Contracts

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 shall be used (a) to refinance certain indebtedness support electrical generation and transmission operations of the Borrower, Borrower and (b) 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, provided, that Loans shall be used only to support 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, provided, that Loans shall be used only to support 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 SubsidiariesBorrower.