Common use of Use of the Credit Clause in Contracts

Use of the Credit. The Credit may, subject to the restrictions set forth in Section 8.6(a) and Section 8.6(h), be used to finance working capital requirements, Capital Expenditures, non-hostile acquisitions permitted under the terms of this Agreement, the repurchase of notes referred to in paragraphs (f) and (g) of the definition of Permitted Debt and the general corporate requirements of the Borrower (including, for certainty, in connection with funds advanced by the Borrower to the Arizona Group) 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: Credit Agreement (Hudbay Minerals Inc.), Credit Agreement (Hudbay Minerals Inc.)

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Use of the Credit. The Credit may, subject to the restrictions set forth in Section 8.6(a) and Section 8.6(h), be used to finance working capital requirements, Capital Expenditures, non-hostile acquisitions permitted under the terms of this Agreement, the repurchase of notes referred to in paragraphs (f) and (g) of the definition of Permitted Debt Agreement and the general corporate requirements of the Borrower (including, for certainty, in connection with funds advanced by the Borrower to the Arizona GroupAugusta Group to the extent permitted under the terms of this Agreement) 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: Credit Agreement (Hudbay Minerals Inc.), Credit Agreement (Hudbay Minerals Inc.)

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