Common use of Use of Loans and Letters of Credit Clause in Contracts

Use of Loans and Letters of Credit. The proceeds of the Loans and the Letters of Credit shall be used (a) to pay fees and expenses incurred in connection with the Transactions, (b) to repay all amounts outstanding under the Existing Credit Agreements on the Effective Date; and (c) to finance working capital needs, and for other general corporate purposes, of the Borrower and its Restricted Subsidiaries.

Appears in 3 contracts

Samples: Credit Agreement (Southwestern Energy Co), Credit Agreement, Credit Agreement (Southwestern Energy Co)

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Use of Loans and Letters of Credit. The proceeds of the Loans and the Letters of Credit shall be used (a) to pay fees and expenses incurred in connection with the Transactions, (b) to repay all amounts outstanding under Transactions and the refinancing of the Existing Credit Agreements on the Effective Date; Agreement and (cb) to finance working capital needs, and for other general corporate purposes, of the Borrower and its Restricted Subsidiaries, including, for the avoidance of doubt, the refinancing of the Existing Credit Agreement and the backstopping of the MUFG Letters of Credit.

Appears in 2 contracts

Samples: Credit Agreement (EXPAND ENERGY Corp), Credit Agreement (Chesapeake Energy Corp)

Use of Loans and Letters of Credit. The proceeds of the Loans and the Letters of Credit shall be used (a) to pay fees and expenses incurred in connection with the Transactions, Transactions and (b) to repay all amounts outstanding under the Existing Credit Agreements on the Effective Date; and (c) to finance working capital needs, and for other general corporate purposes, of the Borrower and its Restricted Subsidiaries.

Appears in 1 contract

Samples: Credit Agreement (Southwestern Energy Co)

Use of Loans and Letters of Credit. The proceeds of the Loans and the Letters of Credit shall be used to provide working capital (a) to refinance the Existing Credit Agreement and pay fees and expenses incurred in connection with the Transactionstherewith, (b) to repay all amounts outstanding under the Existing Credit Agreements on the Effective Date; for Capital Expenditures and acquisitions and (c) to finance working capital needs, and for other general corporate partnership purposes, of the Borrower and its Restricted Subsidiaries.including distributions permitted under

Appears in 1 contract

Samples: Credit Agreement (Eagle Rock Energy Partners L P)

Use of Loans and Letters of Credit. The proceeds of the Loans and the Letters of Credit shall be used (a) to pay fees and expenses incurred in connection with the Transactions, Transactions and (b) to repay all amounts outstanding under the Existing Credit Agreements on the Effective Date; and (c) to finance working capital needs, and for other general corporate purposes, of the Borrower and its Restricted Subsidiaries.

Appears in 1 contract

Samples: Credit Agreement (Southwestern Energy Co)

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Use of Loans and Letters of Credit. The proceeds of the Loans and the Letters of Credit shall be used (a) to pay fees provide working capital for exploration and expenses incurred in connection with the Transactionsproduction operations, acquisition of oil and gas properties and general corporate purposes and (b) to repay all amounts outstanding under the Existing Credit Agreements on the Effective Date; and (c) to finance working capital needs, and for other general corporate purposes, of the Borrower and its Restricted Subsidiaries.Payments permitted under

Appears in 1 contract

Samples: Credit Agreement (Synergy Resources Corp)

Use of Loans and Letters of Credit. The proceeds of the Loans and the Letters of Credit shall be used (a) to pay fees and expenses incurred in connection with the Transactions, (b) to repay all amounts outstanding under Transactions and the refinancing of the Existing Credit Agreements on the Effective Date; Agreement and (cb) to finance working capital needs, and for other general corporate purposes, of the Borrower and its Restricted Subsidiaries, including, for the avoidance of doubt, the refinancing of the Existing Credit Agreement and the backstopping of the MUFG Letters of Credit.

Appears in 1 contract

Samples: Credit Agreement (Chesapeake Energy Corp)

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