Purposes of Advances. 38 Section 3.6 Manner of Borrowing......................................... 38 Section 3.7 Mandatory Cancellation of Credit Facilities and Repayment of Borrowings..................................... 39 3.7.1 Cancellation of Facility A......................... 39 3.7.2 Cancellation of Facility B......................... 39 3.7.3 Repayment from Proceeds of Capital Market Transactions....................................... 39 3.7.4 Repayment at Maturity.............................. 39 Section 3.8 Extension of the Maturity Date for Certain Borrowings under Facility A............................................ 40 Section 3.9 Optional Prepayment and Cancellation of Credit Facilities.................................................. 40 3.9.1 [Intentionally Omitted]............................ 40 3.9.2 Prepayment, Cancellation and Reduction of Facility A or Facility B........................... 40 3.9.3
Purposes of Advances. The proceeds of the Credit Facilities shall be used by the Borrower (a) with respect to the Facility A, to be loaned or funded by the Borrower to Acquisition Sub to finance the acquisition of WCP pursuant to the Tender Offer and the Merger, to pay transaction and restructuring costs in connection with the Tender Offer and the Merger and to be available for general corporate purposes, provided that, the maximum aggregate amount available under both the Facility A and the US Holdings Revolving Credit Agreement to finance the acquisition of the Shares (including any stock repurchase and payments in respect of the cancellation of stock options) shall not exceed $890,000,000, and (b) with respect to the Facility B, to pay the purchase price of any Convertible Notes tendered for purchase.
Purposes of Advances. All Advances under the Credit Facilities and related loan accounts shall only be used by the Borrowers in connection with the Business and business transactions related thereto and in particular, for the following purposes:
Purposes of Advances. 18 2.10 Taxes.................................................................... 18 2.11
Purposes of Advances. Each Advance shall be used to finance -------------------- the origination or purchase of Eligible Mortgage Loans identified to the Lender in writing on each Mortgage Loan Schedule, as such Mortgage Loan Schedule may be amended from time to time.
Purposes of Advances. 40 Section 3.7 Manner of Facility.............................................40 Section 3.8 Mandatory Repayment of Borrowings under Term Facilities.....
Purposes of Advances. The Credit Facilities shall be used by the Borrowers for general corporate and working capital purposes, including capital expenditure financing, refinancing of the Existing Facilities and to provide funding for Acquisitions subject however to the provisions of Section 11.1.29 and 11.2.8.
Purposes of Advances. The Advances shall be used by GEB for working capital purposes and for expenditure related to the Project including but not limited to defrayment of cost and expenses in connection with the construction and operation of the Project. Any deviation from such purposes shall be subject to mutual agreement of the Parties.
Purposes of Advances. 35 Section 3.6
Purposes of Advances. The proceeds of the Credit Facility shall be used by the Borrower to be loaned or funded by the Borrower to Acquisition Sub to finance the acquisition of WCP pursuant to the Tender Offer and the Merger, to pay transaction and restructuring costs in connection with the Tender Offer and the Merger, to be loaned by the Borrower to WCP (up to a limit of $100,000,000) to be used by WCP (together with borrowings from QPI LLC and other borrowings from US Holdings from proceeds drawn under the Existing QPI Facility) to prepay in full the WCP Existing Bank Credit Agreement, and to be available for general corporate purposes, provided that, the maximum aggregate amount available under both this Credit Facility and the US Holdings Term Credit Agreement to finance the acquisition of the Shares (including any stock repurchase and payments in respect of the cancellation of stock options) shall not exceed $890,000,000.
