Use of Proceeds of Revolving Loans. The proceeds of Revolving Loans shall be used to (a) refinance the indebtedness outstanding under the Xxxxx Fargo Credit Agreement, (b) finance working capital needs of Borrower, and (c) and for the purpose of making advances to Xxxxxxx Canada under (and not to exceed, in aggregate amount outstanding, the face amount of) the Intercompany Note, for the purpose of financing the working capital needs of Xxxxxxx Canada.
Use of Proceeds of Revolving Loans. The proceeds of the Revolving Loans may be used (i) to pay the purchase price of any Permitted Acquisition and other related transaction costs and expenses and to fund any refinancing of Indebtedness in connection with a Permitted Acquisition as set forth and certified in the Notice of Borrowing pertaining thereto, (ii) to fund working capital in the ordinary course of the business of the Company and its Subsidiaries, (iii) to amend and restate existing Indebtedness under the Prior Credit Agreement, (iv) to make Investments permitted by Section 8.11 of this Agreement, and (v) for other lawful general corporate purposes not prohibited hereunder. Notwithstanding anything herein to the contrary, no proceeds of Revolving Loans may be used to fund payments not permitted by this Agreement.
Use of Proceeds of Revolving Loans. Borrower will use proceeds of Revolving Loans only for the purposes described in Section 2.4(b).
Use of Proceeds of Revolving Loans. Use the proceeds of Revolving Loans for general corporate purposes, including, without limitation, working capital purposes, for purposes of funding acquisitions and dispositions, for purposes of refinancing existing indebtedness, and other lawful and valid corporate purposes, which are not otherwise expressly prohibited by the terms of this Credit Agreement.
Use of Proceeds of Revolving Loans. (i) The proceeds of Revolving Credit Facility A Loans may be used for general corporate purposes of the Borrower; provided, that the proceeds of any -------- Revolving Credit Facility A Loan made on the date of a drawing under a Revolving Credit Facility A Letter of Credit and referred to in Section 2.01(h)(v)(B) hereof shall be applied to satisfy the reimbursement obligation of the Borrower to the Issuing Bank in respect of such drawing.
(ii) The proceeds of Revolving Credit Facility B Loans may be used for general corporate purposes of the Borrower, including without limitation Permitted Acquisitions; provided, that the proceeds of any Revolving Credit -------- Facility B Loans made on the date of a drawing under a Revolving Credit Facility B Letter of Credit and referred to in Section 2.01(h)(v)(B) hereof shall be applied to satisfy the reimbursement obligation of the Borrower to the Revolving Credit Facility B Lender in respect of such drawing.
(iii) No part of the proceeds of Revolving Loans shall be used directly or indirectly for the purpose, whether immediate, incidental or ultimate, of purchasing or carrying any Margin Stock or maintaining or extending credit to others for such purpose or for any other purpose which otherwise violates the Margin Regulations.
Use of Proceeds of Revolving Loans. The proceeds of Revolving Loans shall be used for equipment financing and other working capital needs of Borrowers.
Use of Proceeds of Revolving Loans. The proceeds of Revolving Loans shall be used to refinance existing debt and for other working capital needs of Borrower.
Use of Proceeds of Revolving Loans. The proceeds of the ---------------------------------- Revolving Loans shall be used by the Company solely to finance its Working Capital Requirements; provided that the proceeds of the Revolving Loans borrowed -------- on the Closing Date may be used to (i) finance a portion of the Recapitalization, (ii) refinance the Existing Debt, and (iii) pay fees and expenses (including legal fees) incurred in connection with the Recapitalization and the preparation, negotiation and consummation of the Transaction Documents.
Use of Proceeds of Revolving Loans. The Borrower shall use the proceeds of each Revolving Loan solely (i) to pay, or to finance the payment of Operating Costs of the Borrower Entities to the extent that funds in the Operating Account are insufficient for such purpose, and (ii) to make prepayments of Operating Costs and to provide Cash Collateral to the extent permitted by, and subject to the limitations of, Section 6.07 of this Agreement. In no event shall the proceeds of Revolving Loans be used to (a) pay Debt Service, (b) make Distributions, or (c) make a contribution to the capital of any Subsidiary of the Borrower.
Use of Proceeds of Revolving Loans. The proceeds of the Revolving Loans may be used from and after the Effective Date, solely to fund working capital in the ordinary course of the business of the Company and its Subsidiaries and for other lawful general corporate purposes not prohibited hereunder, including payments required to be made in connection with Permitted Acquisitions.
