Use of Proceeds of Revolving Loan Sample Clauses

Use of Proceeds of Revolving Loan. The Borrowers shall use the proceeds of the Revolving Loan for working capital and general corporate purposes.
Sample 1
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Use of Proceeds of Revolving Loan. The proceeds of the Revolving Loan shall be used to refinance Existing Indebtedness, to purchase certain assets in accordance with the terms of the Air Products APA, to finance Borrowers’ general working capital needs, to pay fees and expenses associated with the closing of the Loans, to repay Letter of Credit Advances, and to repay Swing Line Loan Advances.
Sample 1
Use of Proceeds of Revolving Loan. The proceeds of the Revolving Loan shall be used for general corporate purposes, including working capital needs of Borrowers, to pay fees and expenses associated with the closing of the Loans, and to repay Swing Line Loan Advances.
Sample 1
Use of Proceeds of Revolving Loan. The proceeds of the Revolving Loan hereunder shall be used by the Borrower for working capital.
Sample 1
Use of Proceeds of Revolving Loan. The Borrowers shall use the proceeds of the Revolving Loan (i) on the Closing Date solely to distribute all of such proceeds to the Parent in consideration for the contribution by Parent to the Borrowers of the assets acquired by Parent in the Trillium Acquisition and the Parent shall use such distributed proceeds solely to pay a portion of the purchase price under the Trillium Acquisition Agreement as well as certain transaction costs with respect thereto and (ii) after the Closing Date for working capital and general corporate purposes.
Sample 1

Related to Use of Proceeds of Revolving Loan

  • Prepayments of Revolving Credit Advances The Borrower ---------------------------------------- may, upon notice at least two Business Days' prior to the date of such prepayment, in the case of Eurodollar Rate Advances, and not later than 12:00 noon (New York City time) on the date of such prepayment, in the case of Base Rate Advances, to the Agent stating the proposed date and aggregate principal amount of the prepayment, and if such notice is given the Borrower shall, prepay the outstanding principal amount of the Revolving Credit Advances comprising part of the same Revolving Credit Borrowing in whole or ratably in part, together with accrued interest to the date of such prepayment on the principal amount prepaid; provided, however, that (x) each partial prepayment shall be in -------- ------- an aggregate principal amount of $10,000,000 or an integral multiple of $1,000,000 in excess thereof and (y) in the event of any such prepayment of a Eurodollar Rate Advance, the Borrower shall be obligated to reimburse the Lenders in respect thereof pursuant to Section 8.04(c).

  • Repayment of Revolving Loans The Revolving Loans and all other Liabilities (other than the Term Loan) shall be repaid on the last day of the Original Term or any Renewal Term if this Agreement is renewed pursuant to Section 10 hereof.

  • Application to Revolving Credit Loans With respect to each prepayment of Revolving Credit Loans, the Borrower may designate (i) the Types of Loans that are to be prepaid and the specific Borrowing(s) pursuant to which made and (ii) the Revolving Loans to be prepaid, provided that (y) each prepayment of any Loans made pursuant to a Borrowing shall be applied pro rata among such Loans; and (z) notwithstanding the provisions of the preceding clause (y), no prepayment of Revolving Loans shall be applied to the Revolving Credit Loans of any Defaulting Lender unless otherwise agreed in writing by the Borrower. In the absence of a designation by the Borrower as described in the preceding sentence, the Administrative Agent shall, subject to the above, make such designation in its reasonable discretion with a view, but no obligation, to minimize breakage costs owing under Section 2.11.

  • Repayment of Revolving Credit Loans The Borrower shall repay the Revolving Credit Loans together with all outstanding interest thereon on the Expiration Date.

  • Interest on Revolving Credit Loans Except as otherwise provided in Section 5.11,

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