Common use of Use of the Credit Clause in Contracts

Use of the Credit. The Credit may be used to finance working capital requirements, Capital Expenditures, non-hostile acquisitions permitted under the terms of this Agreement and the general corporate requirements of the Borrowers and issuance of L/Cs for such purposes, but references in this Section to the use of the Credit shall not in any way modify other provisions of this Agreement.

Appears in 2 contracts

Samples: Assignment and Assumption (HudBay Minerals Inc.), Credit Agreement (HudBay Minerals Inc.)

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Use of the Credit. The Credit may be used (a) to repay the CEF Credit Facility, (b) to finance working capital requirements, Capital Expenditures(c) to make Permitted Acquisitions, non-hostile acquisitions permitted under the terms of this Agreement and the (d) for general corporate requirements of the Borrowers Borrower and issuance of L/Cs for such purposes, but references in this Section to the use of the Credit shall not in any way modify other provisions of this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Maverix Metals Inc.)

Use of the Credit. The Credit may be used to finance working capital requirements, Capital Expenditures, non-hostile acquisitions permitted under the terms of this Agreement and the general corporate requirements of the Borrowers Borrower and its Subsidiaries, including issuance of L/Cs for such purposesCs, but references may not be used to finance the acquisition of Equity Interests of any Person. References in this Section to the use of the Credit shall not in any way modify other provisions of this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Iamgold Corp)

Use of the Credit. The Credit may be used to finance working capital requirements, Capital Expenditurescapital expenditures, non-hostile acquisitions permitted under the terms of this Agreement and the general corporate requirements of the Borrowers and issuance of L/Cs for such purposes, but references in this Section to the use of the Credit shall not in any way modify other provisions of this Agreement.

Appears in 1 contract

Samples: Credit Agreement (HudBay Minerals Inc.)

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Use of the Credit. The Credit may be used to finance working capital requirements, Capital Expenditures, non-hostile acquisitions permitted under the terms of this Agreement and the general corporate requirements of the Borrowers Borrower and issuance of L/Cs for such purposespurposes provided that the Credit cannot be used solely for the purpose of accumulating cash in deposit or investment accounts outside of the ordinary course of business, but references in this Section to the use of the Credit shall not in any way modify other provisions of this Agreement.

Appears in 1 contract

Samples: Credit Agreement (HudBay Minerals Inc.)

Use of the Credit. The Credit may be used to finance working capital requirements, Capital Expenditures, non-hostile acquisitions permitted under the terms of this Agreement and the general corporate requirements of the Borrowers and issuance of L/Cs for such purposespurposes provided the Credit cannot be used solely for the purpose of accumulating cash in deposit or investment accounts outside the ordinary course of business, but references in this Section to the use of the Credit shall not in any way modify other provisions of this Agreement.

Appears in 1 contract

Samples: Assignment and Assumption (HudBay Minerals Inc.)

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