PURPOSE OF THE TERM LOAN Sample Clauses

PURPOSE OF THE TERM LOAN. 4.1 Subject to the terms and conditions herein contained and in particular to those of the Clause 3, the Term Loan will be made available by the Board to the Company for financing Fixed Productive Assets.
Sample 1
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PURPOSE OF THE TERM LOAN. 4.1 Subject to the terms and conditions herein contained and in particular to those of the Clause 3, the Term Loan will be made available by the Board to the Company for financing the purchase of machinery and a new building. Under this Agreement, the Company shall be required to invest a minimum of Singapore Dollars One Hundred and Sixty-five Million (S$165,000,000) cumulatively in Fixed Productive Assets (excluding land) by 30 September 2003.
Sample 1
PURPOSE OF THE TERM LOAN. The proceeds of the Term Loan shall be used to (i) refinance existing outstanding debt of the Borrowers with RBS Citizens, and (ii) pay the fees, costs and expenses associated with the closing of the Loans.
Sample 1
PURPOSE OF THE TERM LOAN. The Term Loan shall only be used for general corporate purposes. 6 XXXXXXXX’S CONTACT DETAILS FOR NOTICES BORROWER: Attention: Xxxxxx Xxxxx Address: Imagine Marketing Private Limited, 501 B, Shri Guru Har Xxxxxxx Xxxxxx, Charat Singh Colony Road, Chakala, Andheri-East, Mumbai 400093E-mail ID: xxxxxx.xxxxx@xxxxxxxxxxxxxxxxxxxxx.xxx
Sample 1
PURPOSE OF THE TERM LOAN. The proceeds of the Term Loan shall be used to (i) refinance existing outstanding debt of the Borrowers with the Lender (in the approximate amount of $15,200,000), (ii) refinance and term out the outstanding balance of the existing development line of credit loan between the Borrowers and the Lender (in the approximate amount of $3,300,000), (iii) fund the acquisition by AMC Wings, Inc. of 100% of the membership interests in Xxxxxx Group, L.L.C., the owner of the Clinton Township Property (in the approximate amount of $2,500,000), (iv) fund the acquisition by the Acquisition Entities from the Xxxxxxx Entities of the assets of eight (8) Buffalo Wild Wings Restaurants located at the Acquisition Locations pursuant to the terms of the Xxxxxxx APA (in the approximate amount of $14,700,000), and (v) pay the fees, costs and expenses associated with the acquisition of the assets listed in (iii) and (iv) above and in connection with the closing of the Loans.
Sample 1
PURPOSE OF THE TERM LOAN. 4.1 Subject to the terms and conditions herein contained and in particular to those of Clause 3, the Term Loan will be made available by the Board to the Company for financing the purchase of Productive Fixed Assets of the Company's plant for the FAB 2 Project only, provided always that such financing shall only be in respect of payments already made by the Company after 1 September 1996 in respect of the said Project. Under this Agreement, the Company shall be required to invest a minimum of Singapore Dollars One Billion Five Hundred Million (S$1,500,000,000.00) cumulatively in Productive Fixed Assets (excluding land) by 31 December 1999.
Sample 1
PURPOSE OF THE TERM LOAN. 4.1 Subject to the terms and conditions herein contained and in particular to those of Clause 3, the Term Loan will be made available by the Board to the Company for financing the Fixed Productive Assets for the wafer fabrication of semiconductor devices at a facility to be established in Woodlands in Singapore (the "FAB 2 Project").
Sample 1
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Related to PURPOSE OF THE TERM LOAN

  • Purpose of the Loan The purpose of the Loan is to provide financing for the Borrower’s activities and investments.

  • Purpose of Loan The Borrower undertakes with each Creditor Party to use the Loan only for the purpose stated in the preamble to this Agreement.

  • PURPOSE OF THE TRUST The purpose of the Trust shall be to (a) manage, conduct, operate and carry on the business of an investment company; (b) subscribe for, invest in, reinvest in, purchase or otherwise acquire, hold, pledge, sell, assign, transfer, exchange, distribute or otherwise deal in or dispose of any and all sorts of property, tangible or intangible, including but not limited to Securities of any type whatsoever, whether equity or nonequity, of any issuer, evidences of indebtedness of any person and any other rights, interest, instruments or property of any sort to exercise any and all rights, powers and privileges of ownership or interest in respect of any and all such investment of every kind and description, including without limitation, the right to consent and otherwise act with respect thereto, with power to designate one or more Persons to exercise any of said rights, powers and privileges in respect of any of said investments. The Trustees shall not be limited by any law limiting the investments which may be made by fiduciaries.

  • Purpose of the Plan The Plan is intended to advance the best interests of the Company, its Affiliates and its stockholders by providing those persons who have substantial responsibility for the management and growth of the Company and its Affiliates with additional performance incentives and an opportunity to obtain or increase their proprietary interest in the Company, thereby encouraging them to continue in their employment or affiliation with the Company or its Affiliates.

  • Purpose of Loans The proceeds of the Loans shall be used to finance the working capital and general corporate needs of the Borrower and its Subsidiaries, including but not limited to acquisitions.

  • Purpose of the Agreement ‌ The purpose of this Agreement is to authorize PDL NPDL to charter space to PFLG in the Trade (as hereinafter defined).

  • Purpose of Advances The Borrowers undertake with each Creditor Party to use each Advance only for the purpose stated in the preamble to this Agreement.

  • Purpose of the Company The purpose of the Company shall be to engage or participate in any lawful business activities in which a limited liability company formed in the State of Delaware may engage or participate.

  • Purpose of Trust The purpose of the Trust is to conduct, operate and carry on the business of a management investment company registered under the 1940 Act through one or more Series investing primarily in securities.

  • Purpose of the Partnership The purpose of the Partnership is to acquire, construct, own and operate the Apartment Housing in order to provide, in part, Tax Credits to the Partners in accordance with the provisions of the Code and the Treasury Regulations applicable to LIHTC and to sell the Apartment Housing. The Partnership shall not engage in any business or activity which is not incident to the attainment of such purpose.

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