Common use of Use of Revolving Loan Proceeds Clause in Contracts

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.

Appears in 3 contracts

Samples: Revolving Line of Credit Loan Agreement (Efj Inc), Revolving Line of Credit Loan Agreement (Dunn Computer Corp /Va/), Revolving Line of Credit Loan Agreement, Term Loans Agreement and Security Agreement (On Site Sourcing Inc)

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Use of Revolving Loan Proceeds. The proceeds of the Revolving Loan shall be used for working capital, for capital and expenditures, to finance the performance fund acquisition of Government Contractsbusiness opportunities, and for no other purposegeneral corporate purposes.

Appears in 2 contracts

Samples: Loan Agreement (Chesapeake Utilities Corp), Loan Agreement (Chesapeake Utilities Corp)

Use of Revolving Loan Proceeds. The proceeds of the Revolving Loan shall be used for working capital and to finance the performance issuance of Government ContractsLetters of Credit, and for no other purposepurposes.

Appears in 1 contract

Samples: Revolving Line of Credit Loan Agreement (Varsity Group Inc)

Use of Revolving Loan Proceeds. The proceeds of the Revolving Loan shall be used for working capital, for capital and expenditures, to finance the performance fund acquisition of Government Contractsbusiness opportunities, and for no other purposegeneral corporate purposes of the Borrower or is Subsidiaries and not in contravention of any Law or of any Financing Document.

Appears in 1 contract

Samples: Loan Agreement (Chesapeake Utilities Corp)

Use of Revolving Loan Proceeds. The proceeds of the Revolving Loan shall be used for working capital and capital, to finance the performance of Government ContractsPermitted Acquisitions, and for no other purposegeneral corporate purposes not inconsistent with this Agreement.

Appears in 1 contract

Samples: Revolving Line of Credit Loan and Security Agreement (Essex Corp)

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 purposecontracts.

Appears in 1 contract

Samples: Revolving Line of Credit Loan Agreement, Term Loan Agreement and Security Agreement (United Industrial Corp /De/)

Use of Revolving Loan Proceeds. The proceeds of the Revolving Loan shall be used for working capital, for capital expenditures and to finance the performance of Government Contracts, and for no other purpose.

Appears in 1 contract

Samples: Revolving Line of Credit Loan Agreement (Spectrum Sciences & Software Holdings Corp)

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Use of Revolving Loan Proceeds. The ------------------------------ proceeds of the Revolving Loan shall be used for working capital and capital, for the issuance of letters of credit, to finance the performance of contracts, including Government Contracts, and for no other purposegeneral corporate purposes.

Appears in 1 contract

Samples: Revolving Line of Credit Loan Agreement and Security Agreement (Integral Systems Inc /Md/)

Use of Revolving Loan Proceeds. The proceeds of the Revolving Loan shall be used for working capital and capital, for the issuance of letters of credit, to finance the performance of contracts, including Government Contracts, and for no other purposegeneral corporate purposes.

Appears in 1 contract

Samples: Revolving Line of Credit Loan and Security Agreement (Integral Systems Inc /Md/)

Use of Revolving Loan Proceeds. The proceeds of the Revolving Loan ------------------------------ shall be used for working capital and and, as to any Advance secured in whole or in part by the Assignment of a Government Account, to finance the performance of Government Contracts, and for no other purpose.

Appears in 1 contract

Samples: Revolving Line of Credit Loan Agreement (Netplex Group Inc)

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