Use of Line of Credit Proceeds. Company shall use the proceeds of each Advance and each Letter of Credit for ordinary working capital purposes.
Appears in 4 contracts
Samples: Wells Fargo Business Credit Credit and Security Agreement (Iridex Corp), Credit and Security Agreement (Winnebago Industries Inc), Credit and Security Agreement (Winnebago Industries Inc)
Use of Line of Credit Proceeds. Company shall use the proceeds of each Advance and each Letter Line of Credit Advance for ordinary working capital purposespurposes and capital expenditures.
Appears in 1 contract
Samples: Credit and Security Agreement (Merrimac Industries Inc)
Use of Line of Credit Proceeds. Company shall use the proceeds of each Advance and each Letter of Credit for ordinary working capital and general corporate purposes, including but not limited to standby letters of credit, capital expenditures to increase production capacity and capital contributions to Subsidiaries, as allowed pursuant to the terms of this Agreement.
Appears in 1 contract
Use of Line of Credit Proceeds. Company shall use the proceeds of each Line of Credit Advance and each Letter of Credit for ordinary working capital purposes.
Appears in 1 contract
Samples: Credit and Security Agreement (Nortech Systems Inc)
