Term Loan Proceeds. All proceeds of the Additional Term Loans (as defined in the Third Amendment) incurred on the Third Amendment Effective Date shall be used by the Borrower to repay in full all Existing Term Loans (as defined in the Third Amendment) other than Converting Term Loans (as defined in the Third Amendment).
Term Loan Proceeds. All proceeds of the Term Loans incurred on the Closing Date shall be used by Company (x) to finance, in part, the Huntsman Acquisition and (y) to pay fees and expenses in connection with the Transaction.
Term Loan Proceeds. All proceeds of the Term Loans incurred on the Initial Borrowing Date shall be used by Borrower (x) to refinance, in part, all Borrower's indebtedness and obligations under the Existing Credit Agreement (y) to pay fees and expenses in connection with the Transaction and (z) for general corporate purposes of Borrower.
Term Loan Proceeds. The proceeds of all Term Loans (other than proceeds to be disbursed to the DIP Revolving Agent in connection with the First Lien Repayment) shall be deposited in the DIP Term Priority Account and disbursed in accordance with Sections 2.3(a)(iii), (iv) and (v)). For the avoidance of doubt, the Term Loans shall bear interest in accordance with Section 2.6 from and after the applicable Funding Date of the Initial Term Loans and Subsequent Term Loans. The funds in the DIP Term Priority Account shall be held as cash on deposit.
Term Loan Proceeds. All proceeds of the Term B Dollar Loans and the Term B Euro Loans incurred on the Initial Borrowing Date shall be used (x) with respect to the Term B Dollar Loans, to finance, in part the Transactions with respect to the Term B Euro Loans, to pay principal, premium and interest on the Second Lien Euro Notes, and (y) to pay fees and expenses in connection with the Transactions.
Term Loan Proceeds. The proceeds of the Term Loan shall be used by the Company solely to repay (or otherwise prepay) all amounts outstanding under the 2017 Senior Notes.
Term Loan Proceeds. Upon satisfaction of the applicable requirements of this Agreement and of Schedule B, Lender shall disburse the Term Loan proceeds at the Loan Closing. However, if on the date of the Loan Closing an Event of Default under this Agreement has occurred and is continuing, Lender will be relieved of its obligation to disburse the proceeds of the Term Loan and of all further obligations under this Agreement.
Term Loan Proceeds. All proceeds of the Term B Dollar Loans and the Term B Euro Loans incurred on the Initial Borrowing Date shall be used (x) with respect to the Term B Dollar Loans, to finance, in part the Transactions with respect to the Term B Euro Loans, to pay principal, premium and interest on the Second Lien Euro Notes, and (y) to pay fees and expenses in connection with the Transactions. All proceeds of the Additional Term B Dollar Loans incurred on the Additional Term B Dollar Borrowing Date shall be used by the U.S. Borrower (i) to redeem, repurchase or otherwise acquire or retire for value up to $200,000,000 of any Capital Stock of Crown Holdings, to the extent permitted pursuant to Section 8.8(f), (ii) to pay any fees or expenses incurred in connection with the making of the Additional Term B Dollar Loans and (iii) for general corporate purposes (including without limitation repayment of outstanding Revolving Loans and subsequent borrowing for use as described in clause (i) above).
Term Loan Proceeds. Borrowers agree to use the proceeds of the Term Loan to (i) refinance existing indebtedness of MRC to The Huntington National Bank and (ii) restate certain term indebtedness of Medifax to Bank.
Term Loan Proceeds. The proceeds of all Term Loans (other than proceeds to be disbursed on the applicable Borrowing Date in accordance with the Budget (subject to Permitted Budget Variances) or for Specified Disbursements then due and payable) shall be deposited in the Borrower DIP Facilities Blocked Account and disbursed in accordance with Section 2.02(i); provided that with respect to the proceeds of the Initial Term Loans made pursuant to Section 2.01(a), (i) $28,000,000 thereof shall be deposited into the Borrower DIP Facilities Blocked Account (which amount shall be permitted to be withdrawn by the Borrower on May 2, 2016 (or a later date selected by the Borrower, subject to Section 4.04) for use in accordance with the Budget (subject to Permitted Budget Variances) or for Specified Disbursements) and (ii) the balance thereof shall be made available to the Borrower for use in accordance with the Budget (subject to Permitted Budget Variances) or for Specified Disbursements.
