Common use of Purposes of the Facility Clause in Contracts

Purposes of the Facility. The Borrowers shall apply all amounts borrowed by it under the Facility to; (a) refinance the Existing Facilities; (b) financing of Approved Loan Portfolios; and (c) general corporate purposes (excluding payment of dividends and other distributions or any other indirect refinancing of acquisition debt).

Purposes of the Facility. The Borrowers shall apply all amounts borrowed by it under the Facility to; (a) refinance the Existing Facilities; (b) financing of Approved Loan Portfolios; and (c) general corporate purposes (excluding payment of dividends and other distributions to any company outside the Group (other than as otherwise expressly permitted by this Agreement) or any other indirect refinancing of acquisition debt).

Purposes of the Facility. The Borrowers shall apply all amounts borrowed by it under the Facility to; (a) a. refinance the Existing Facilities; (b) b. financing of Approved Loan Portfolios; and (c) c. general corporate purposes (excluding payment of dividends and other distributions to any company outside the Group (other than as otherwise expressly permitted by this Agreement) or any other indirect refinancing of acquisition debt).

Purposes of the Facility. The Borrowers shall apply all amounts borrowed by it under the Facility to; (a) a. refinance the Existing Facilities; (b) b. financing of Approved Loan Portfolios; and (c) c. general corporate purposes (excluding payment of dividends and other distributions or any other indirect refinancing of acquisition debt).