Use of Term Loan Proceeds. Borrower shall not, nor shall it permit any Subsidiary to, use any proceeds of the Term Loans (including, for the avoidance of doubt, Term Loans funded under an increase in the Term Loan Commitments pursuant to Section 2.9) for any purpose other than the financing of Acquisitions, and no such proceeds may be used for any Acquisition without the prior written consent of the Required Lenders and Administrative Agent.
Use of Term Loan Proceeds. Pioneer shall use the proceeds of the Term Loan as follows: up to $7,000,000 to refinance existing debt of Pioneer to Bank, up to $4,000,000 to finance the acquisition of the west end of the Toledo, Peoria and Western Railway Corporation and up to $5,000,000 to finance the repurchase of equity interests in Pioneer pursuant to its privatization strategy.
Use of Term Loan Proceeds. Borrower shall not, nor shall it permit any Subsidiary to, use any proceeds of the Existing Term Loans or any Incremental Term Loans for any purpose other than the financing of Acquisitions and no such proceeds may be used for any Acquisition without the prior written consent of the Required Lenders and Administrative Agent. Borrower shall not, nor shall it permit any Subsidiary to, use any proceeds of the Delayed Draw Term Loans for any purpose other than the payment of any earnout payment owing by BGSF Professional under Section 1.6(a) of the Xxxxxx Acquisition Agreement (the “Xxxxxx Earnout”).
Use of Term Loan Proceeds. The proceeds of the Term Loans shall be used by U.S. Borrowers solely (a) to pay Obligations in accordance with this Agreement; and (b) for working capital and other lawful corporate purposes of U.S. Borrowers.
Use of Term Loan Proceeds. The proceeds of the Term Loans shall be used for the development, manufacture, marketing, sales, delivery, monitoring, servicing and support of fuel cell systems and hydrogen infrastructure to be deployed in part in the State of New York and related administration and similar activities, to support in part the growth of jobs in the State of New York and indirectly in part for the purposes of reducing greenhouse gas emissions in New York and for the payment of fees and transaction costs in connection with this Agreement.
Use of Term Loan Proceeds. The proceeds of the Term Loans shall be used to pay related fees and expenses in connection with this Agreement and for working capital and other general corporate purposes.
Use of Term Loan Proceeds. The proceeds of the Term Loans shall be used to refinance existing Indebtedness of the Loan Parties on the Closing Date and pay fees and expenses in connection therewith.
Use of Term Loan Proceeds. The proceeds of the Term Notes shall be used to pay the amounts payable by Company in connection with the consummation of the Transaction and to repay (by renewal) indebtedness of Company to the Banks under the Existing Credit Agreement.
Use of Term Loan Proceeds. (a) The proceeds from the Term Loan shall be used exclusively to pay off the Existing Debt at maturity thereof.
Use of Term Loan Proceeds. Borrower covenants that the proceeds of the Term Loan will be used solely for the purpose of (a) reimbursing Borrower for the costs and expenses associated with this term loan facility and (b) manufacturing and installing equipment and software for use in connection with the Lottery Agreement.
