Use of Proceeds of Swingline Loans. Borrower may use the proceeds of Swingline Loans for any purpose permitted for the proceeds of the Revolving Credit Loan under Section 2.2 of this Agreement. Swingline Loans shall be applied to reduce the amount of the Revolving Credit Loan.
Appears in 2 contracts
Samples: Credit Agreement (Protective Life Corp), Credit Agreement (Protective Life Insurance Co)
Use of Proceeds of Swingline Loans. Borrower Borrowers may use the proceeds of Swingline Loans for any purpose permitted for the proceeds of the Revolving Credit Loan Committed Loans under Section 2.2 of this Agreement. Swingline Loans shall be applied to reduce the amount of the Revolving Credit Loan.
Appears in 1 contract
Use of Proceeds of Swingline Loans. Borrower Borrowers may use the proceeds of Swingline Loans for any purpose permitted for the proceeds of the Revolving Credit Loan Loans under Section 2.2 2.4 of this Agreement. Swingline Loans shall be applied to reduce the amount of the Revolving Credit Loan.
Appears in 1 contract
Samples: Credit Agreement (Alfa Corp)
Use of Proceeds of Swingline Loans. Borrower may use the proceeds of Swingline Loans for any purpose permitted for the proceeds of the Revolving Credit Loan under Section 2.2 of this Agreement. To the extent proceeds of Swingline Loans are used for working capital purposes, they shall be applied to reduce the amount of the Revolving Credit LoanLoan that may be used for working capital purposes under Section 2.2 of this Agreement.
Appears in 1 contract
Use of Proceeds of Swingline Loans. Borrower The Borrowers may use the proceeds of Swingline Loans for any purpose permitted for the proceeds of the Revolving Credit Loan under Section 2.2 of this Agreement. Swingline Loans shall be applied to reduce the amount of the available for Revolving Credit LoanLoans.
Appears in 1 contract
Use of Proceeds of Swingline Loans. Borrower Borrowers may use the proceeds of Swingline Loans for any purpose permitted for the proceeds of the Revolving Credit Loan under Section 2.2 of this Agreement. To the extent proceeds of Swingline Loans are used for working capital purposes, they shall be applied to reduce the amount of the Revolving Credit LoanLoan that may be used for working capital purposes under Section 2.2 of this Agreement.
Appears in 1 contract
Use of Proceeds of Swingline Loans. Borrower The Borrowers may use the proceeds of Swingline Loans for any purpose permitted for the proceeds of the Revolving Credit Loan under Section 2.2 of this Agreement. Swingline Loans shall be applied to reduce the amount of the Revolving Credit Loan.
Appears in 1 contract
