Revolving Loans; Swing Line Loans. The proceeds of any other Revolving Loans and any Swing Line Loans shall be applied by Borrower for working capital and other general corporate purposes, which may include the making of intercompany loans to any of Borrower's wholly-owned domestic Subsidiaries, in accordance with subsection 7.1(iv), for their own general corporate purposes.
Appears in 1 contract
Revolving Loans; Swing Line Loans. The proceeds of any other Revolving Loans (other than Revolving Loans referenced in subsection 2.5A) and any Swing Line Loans (including any Discretionary Loans) shall be applied by Borrower Borrowers for working capital and other general corporate purposes, which may include the making of intercompany loans to any Wholly-Owned Subsidiary of any Borrower's wholly-owned domestic Subsidiaries, in accordance with subsection 7.1(iv), for their own general corporate purposes.
Appears in 1 contract
Samples: Credit Agreement (Arris Group Inc)
Revolving Loans; Swing Line Loans. The proceeds of any other Revolving Loans and any Swing Line Loans shall be applied by Borrower the Domestic Borrowers for working capital and other general corporate purposespurposes of Holdings and its Subsidiaries, which may include the financing of Permitted Acquisitions and the making of intercompany loans to any of Borrower's Holdings' wholly-owned domestic Subsidiaries, Subsidiaries in accordance with subsection 7.1(iv7.1(iii), for their own general corporate purposes.
Appears in 1 contract
Revolving Loans; Swing Line Loans. The proceeds of any other the Revolving Loans and any Swing Line Loans shall be applied by Borrower Company for working capital and other general corporate purposes, which may include the making of intercompany loans to any of Borrower's wholly-owned domestic Subsidiaries, in accordance with Subsidiary to the extent permitted by subsection 7.1(iv), for their own general corporate purposes, but shall not include any Acquisition Financing Requirements.
Appears in 1 contract
Samples: Credit Agreement (Penton Media Inc)