Use of Proceeds of Loans. The Company shall use the proceeds of Loans for general lawful corporate purposes, including, without limitation financing working capital and capital expenditures, lending to its Subsidiaries and acquiring other Persons or businesses so long as the acquisition is approved by the board of directors of the Person being acquired.
Use of Proceeds of Loans. (a) Use the proceeds of Revolving Loans hereunder other than for the purposes set forth in Section 5.15 hereof.
(b) Use, directly or indirectly, the proceeds of any Loan hereunder for the purpose (whether immediate, incidental or ultimate) of buying or carrying any Margin Stock.
Use of Proceeds of Loans. (a) The proceeds of the Loans will be used by the Borrowers only for the following purposes: (a) to pay the fees, costs and expenses incurred in connection with this Agreement, (b) to pay the expenses in connection with the Credit Parties’ exit from the Chapter 11 Cases and to refinance certain Indebtedness in accordance with the RSA and (c) provide ongoing working capital and for other general corporate purposes of the Borrowers and their Subsidiaries. The Credit Parties shall use the Letters of Credit for general corporate xxxxxxxx.Xx part of the proceeds of any Loan will be used, whether directly or indirectly, for any purpose that entails a violation of any of the Regulations of the Board, including Regulations T, U and X.
(b) The Borrowers will not request any Borrowing, and none of the Borrowers shall use, and each shall ensure that its Subsidiaries and its or their respective directors, officers, employees and agents shall not use, the proceeds of any Borrowing (i) in furtherance of an offer, payment, promise to pay, or authorization of the payment or giving of money, or anything else of value, to any Person in violation of any Anti-Corruption Laws, (ii) for the purpose of funding, financing or facilitating any activities, business or transaction of or with any Sanctioned Person, or in any Sanctioned Country, in either case in violation of any Sanctions applicable to such Borrower and its Subsidiaries, or (iii) in any manner that would result in the violation of any Sanctions applicable to any Credit Party or, to the knowledge of any Borrower, any other Person.
Use of Proceeds of Loans. It will use the proceeds of the Loans ------------------------ made by Banks to Borrower hereunder for the repayment of Commercial Paper and for its general working capital requirements, including acquisition and improvement of plant, property and equipment and acquisitions.
Use of Proceeds of Loans. The proceeds of the Loans issued for the account of the Borrower hereunder shall be used for the purposes of general working capital needs of the Borrower and other general corporate purposes, including acquisitions.
Use of Proceeds of Loans. The proceeds of the Loans will be used to refinance existing indebtedness outstanding on the Closing Date, to finance capital expenditures, for working capital purposes and other general corporate purposes of the Borrowers, and to fund certain Transaction Costs associated with this Agreement.
Use of Proceeds of Loans. The proceeds of the Term Loan A made on the Effective Date shall be used by the Borrower to repay in full the Existing Indebtedness, for general working capital purposes of the Borrower and to pay fees and expenses related to this Agreement. The proceeds of the Term Loan B made after the Effective Date shall be applied by the Borrower and its Subsidiaries for working capital and general corporate purposes of the Borrower (primarily for the funding of purchases of Inventory to support the Borrower’s growth strategy), but including without limitation, Investments permitted under Section 7.6 and to pay fees and expenses related to this Agreement.
Use of Proceeds of Loans. The Company may use the proceeds of ------------------------ Loans to repay other Indebtedness of the Company or a Subsidiary of the Company, to provide liquidity for commercial paper, for working capital, capital expenditures, acquisitions, mergers, and other general corporate purposes not in contravention of any Requirement of Law or of any Loan Document. No portion of the proceeds of any Loan shall be used in connection with the acquisition of a voting interest of five percent or more in any Person if such acquisition is opposed by the board of directors or management of such Person.
Use of Proceeds of Loans. Use the proceeds of each Loan solely in accordance with Section 4.01(j).
Use of Proceeds of Loans. Use the proceeds of the Loans for the purposes identified in Section 1.14.
