Use of Proceeds of Term Loans. The proceeds of the Term Loans hereunder shall be used by the Company for the purpose of refinancing the term loans owing by the Company under the Existing Term Loan Agreement (including interest, fees and expenses in connection with such refinancing), and for general corporate purposes of the Company and its Subsidiaries not prohibited hereunder.
Use of Proceeds of Term Loans. The proceeds of the Term Loans hereunder shall be used by the Company for general corporate purposes of the Company and its Subsidiaries not prohibited hereunder.
Use of Proceeds of Term Loans. The Co-Borrowers shall use the proceeds of Term Loans made hereunder to finance the Capital Expenditures of the Co-Borrowers and to refinance existing Debt of the Co-Borrowers. No part of the proceeds of any of the Term Loans will be used for any purpose which violates the provisions of Regulations G, T, U or X of the Board of Governors of the Federal Reserve System in effect on the date of making such Loans.
Use of Proceeds of Term Loans. The proceeds of the Term Loans shall be used solely (i) in the case of all Term Loans, to fund the Refinancing (other than Term D Loans) and to pay Transaction Costs, (ii) in the case of Term A Loans made after the Effective Date, to fund the Delayed Purchases or to refund Swing Loans or Revolving Loans used to fund Delayed Purchases and (iii) in the case of Term D Loans to pay in part the cash merger consideration under the Xxxxx Merger Agreement and the Defeasance."
2.8. A new Section 2.04(e) is hereby added to the Credit Agreement to read as follows:
Use of Proceeds of Term Loans. The proceeds of the Term Loans were used solely for the purposes set forth in the Existing Credit Agreement.
Use of Proceeds of Term Loans. The proceeds of the Term Loans ------------------------------ shall be utilized by the Borrower only (a) to finance a portion of the consideration paid to tendering shareholders of Premisys on account of the Tendered Shares or otherwise to acquire Shares, (b) to refinance any such consideration which is paid out of equity of the Borrower or with the proceeds of loans from Zhone and (c) to pay any fees and expenses relating to the Transaction.
Use of Proceeds of Term Loans. The proceeds of the Term Loans shall be used by the Borrower on the Closing Date to (a) finance the prepayment of certain outstanding Indebtedness, including any Indebtedness under the Existing Credit Agreement, and to pay related fees and expenses and (b) to finance a portion of the Acquisition, including funding the loans evidenced by the Intercompany Notes, and/or to pay related fees and expenses. SECTION AMOUNT AND TERMS OF REVOLVING CREDIT COMMITMENTS
Use of Proceeds of Term Loans. The proceeds of the Term Loans hereunder shall be used by the Company for the purpose of refinancing certain outstanding Indebtedness of the Company and its Subsidiaries under the Existing Agreement and other existing Indebtedness and to redeem or repurchase Indebtedness issued under the Designated Senior Secured Indenture (including fees and expenses in connection with such refinancing, repurchase and redemption), and for general corporate purposes not prohibited hereunder. To the extent that any Designated Senior Secured Notes shall remain outstanding after the Closing Date, an amount of the proceeds of the Term Loans and, if necessary, Revolving Credit Loans made on the Closing Date, sufficient to purchase, redeem or defease such Designated Senior Secured Notes and pay interest and any premium thereon shall, at the Company’s option, be deposited in a defeasance trust with the trustee under the Designated Senior Secured Indenture or placed in a Cash Collateral Account under the direction of the Term Loan Administrative Agent pending their use to repurchase, redeem or defease such Designated Senior Secured Notes.
Use of Proceeds of Term Loans. The proceeds of the Term Loans ----------------------------- shall be used by the Company solely 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 Term Loans. The proceeds of the Term Loans shall be used by the Borrower on or before December 31, 1999 to refinance the Closing Date Debt, pay the Special Distribution and Bonus and/or to pay certain fees and expenses not to exceed $5,000,000.
