Use of Revolving Loan Proceeds. The proceeds of the Revolving Loan shall be used for working capital and to finance the performance of Government Contracts, and for no other purpose.
Use of Revolving Loan Proceeds. The Borrower shall not use any Revolving Loan proceeds to finance investments in marketable securities.
Use of Revolving Loan Proceeds. The proceeds of the Advances shall be used for the Borrower’s general business purposes in a manner not in conflict with any of the Borrower’s covenants in this Agreement.
Use of Revolving Loan Proceeds. Shall use the proceeds of the Revolving Loan only for working capital to be used in the operation of Borrower’s business and furnish Bank all evidence that it may reasonably require with respect to such use. Borrower shall (a) ensure, and cause each Affiliate to ensure, that no person who owns a controlling interest in or otherwise controls the Borrower or any Affiliate is or shall be listed on the Specially Designated Nationals and Blocked Person List or other similar lists maintained by the Office of Foreign Assets Control (“OFAC”), the Department of the Treasury or included in any Executive Orders, (b) not use or permit the use of the proceeds of the Revolving Loan to violate any of the foreign asset control regulations of OFAC or any enabling statute or Executive Order relating thereto, and (c) comply, and cause each Affiliate to comply, with all applicable Bank Secrecy Act (“BSA”) laws and regulations, as amended.
Use of Revolving Loan Proceeds. Advances under the Revolving ------------------------------ Loan shall be used by the Borrower exclusively for working capital.
Use of Revolving Loan Proceeds. The proceeds of the Revolving Loan shall be used for working capital, to finance Permitted Acquisitions, and for general corporate purposes not inconsistent with this Agreement.
Use of Revolving Loan Proceeds. Notwithstanding anything to the contrary contained herein or in any other Loan Document, during the Temporary Waiver Period, Borrower and each other Loan Party agree that any proceeds of the Revolving Loans made during the Temporary Waiver Period and the $400,000,000 of Revolving Loans drawn on March 17, 2020 shall be used exclusively for the purposes of (i) paying operating expenses incurred by the Parent and its Subsidiaries (and only to the extent cash flow from the operations of the Parent and its Subsidiaries is insufficient to pay the same) (ii) capital expenditures and Investments expressly permitted pursuant to the Loan Documents (including, without limitation, Section 8.22 of the Credit Agreement) (iii) scheduled interest payments on Indebtedness held by the Parent or its Subsidiaries (which, for clarity, shall not include any principal amortization payments, principal prepayments or other payment of principal, except in connection with the amortization of the Tranche B Term Loans currently required under the Existing Credit Agreement) (and only to the extent cash flow from the operations of the Parent and its Subsidiaries is insufficient to pay the same), and (iv) repayments of the outstanding principal balance of the Revolving Credit Facility.
Use of Revolving Loan Proceeds. The Borrowers covenant and agree that they shall use the proceeds of any and all advances and overadvances made by Bank on the Revolving Loan during the Agreement solely and strictly as provided in the Cash Flow Forecasts prepared by Borrowers attached hereto as Exhibit C.
Use of Revolving Loan Proceeds. The proceeds of the Revolving Loan shall be used for working capital and general corporate purposes in Borrower's ordinary course of business, and up to Two Million Five Hundred Thousand and 00/100 Dollars ($2,500,000) of the proceeds of the Revolving Loan (to be advanced contemporaneous with the closing of the Revolving Loan) shall be used to prepay certain expenses of Borrower, and for no other purpose.
Use of Revolving Loan Proceeds. The proceeds of each Revolving Loan made under this Financing Agreement will be used to pay fees and other amounts owing under this Financing Agreement and for working capital and general corporate purposes of the Companies and their respective Subsidiaries. None of the proceeds of the Revolving Loans will be used directly or indirectly for the purpose of purchasing or carrying any “margin stock” within the meaning of Regulation U of the Board of Governors of the Federal Reserve (herein called “Margin Stock”) or for the purpose of reducing or retiring any Indebtedness which was originally incurred to purchase or carry Margin Stock, or for any other purpose which might constitute this transaction as a “purpose credit” within the meaning of Regulation U of the Board of Governors of the Federal Reserve. Neither the Companies nor any agent acting on their behalf have taken or will take any action which might cause this Financing Agreement or any other Loan Document to violate Regulations U or X of the Board of Governors of the Federal Reserve or any other regulation of the Board of Governors of the Federal Reserve.
