Use of Proceeds of the Term Loan. The proceeds of the Term Loan shall be used for the purpose of paying in full the Caramella Obligations.
Use of Proceeds of the Term Loan. The proceeds of the Term Loan shall be used by Borrower to finance the acquisition of the Secured Property.
Use of Proceeds of the Term Loan. The proceeds -------------------------------- of the Term Loan shall be used in their entirety to refinance existing Debt of the Company.
Use of Proceeds of the Term Loan. The proceeds of the Term Loan shall be used in their entirety to refinance existing Debt of the Company.
Use of Proceeds of the Term Loan. The proceeds of the Term Loan shall be used to finance the purchase by the Company of all of the common stock of Master Products Manufacturing Co., Inc. ("Master Products") a new indirect subsidiary, in an aggregate amount not to exceed Ten Million Dollars ($10,000,000) which new subsidiary will be a direct subsidiary of Marin Yale Industries, Inc.; and to refinance the Company's existing Term Loan in the amount of Three Million Five Hundred Thousand Dollars ($3,500,000).
Use of Proceeds of the Term Loan. The proceeds of the Term Loan shall be available (and each Borrower agrees that it shall use such proceeds) for general corporate purposes of Holdings and its Subsidiaries, including, without limitation, for Acquisitions, Capital Expenditures, cash dividends, payment of any of the Obligations, and stock and bond repurchases, all to the extent not prohibited under the Loan Documents.
Use of Proceeds of the Term Loan. The proceeds of the Term Loan shall be used in their entirety to finance the Acquisition.
Use of Proceeds of the Term Loan. The proceeds of the Term Loan shall be used in their entirety to refinance existing indebtedness payable to Wells Fargo & Company, to refinance indebtednxxx xo a shareholder, and to fund certain fees and expenses associated with the closing of the Loan facilities.
Use of Proceeds of the Term Loan. (i) The Borrower shall use the proceeds of the Term Loan to refinance Loans hereunder.
Use of Proceeds of the Term Loan. The proceeds of the Term Loan shall be used in their entirety to finance the purchase of the luxury motor coaches identified on Schedule I attached hereto.
