Examples of General Corporate Purposes in a sentence
Any such request shall be valid only if it is in writing and specifies the account of the Company to which such funds are to be transferred and contains a certification of the Company’s Chief Executive Officer, Chief Financial Officer or Treasurer that the requested amount does not exceed the General Corporate Purposes Available Amount as of the date of such request.
Subject to Section 2.5.5 and the other provisions of this Agreement, the Company will apply the proceeds of the Swingline Loan for General Corporate Purposes and Working Capital Borrowings of the Company and its Subsidiaries.
In addition, the General Corporate Purposes Available Amount, but not the Preferred Units Exchange Available Amount, shall be subject to reduction as described in Section 2.07.
The Investor shall provide such funds to the Company within five (5) Business Days of its receipt of such request or such shorter period as may be agreed to by the Company and the Investor, and the aggregate liquidation preference of the Series G Preferred Stock shall increase by the General Corporate Purposes Drawdown Amount as set forth in Section 2.06(b).
The Liquidation Amount shall be increased each time a General Corporate Purposes Drawdown Amount is paid by the UST to the Company by an amount equal to the General Corporate Purposes Drawdown Amount so paid divided by the number of shares of Series G Preferred Stock then outstanding.
Subject to Section 2.5.5 and the other provisions of this Agreement, the Company on the Initial Closing Date has applied no more than $120,000,000 in the proceeds of Working Capital Loans for the purpose of consummating a portion of the Transactions, and from and after the Amendment and Restatement Date Working Capital Loans shall be used for the purposes described in the definitions of General Corporate Purposes and Working Capital Borrowings in Section 1.
Borrowings - General Corporate Purposes: -------------------------------------------- Amounts used for corporate purposes including uses for cash flow timing mismatches, and investments in equity and debt securities of subsidiaries including amounts needed for regulatory capital purposes.
Subject to Section 2.4.4 and the other provisions of this Agreement, Letters of Credit shall be issued only to support purchases of inventory in the ordinary course of business and such other obligations incurred in the ordinary course of business as the Company has requested in writing (excluding purposes described in the definition of General Corporate Purposes Borrowings).
The specific purpose of this loan is: General Corporate Purposes.
PURPOSE: Acquisitions, Development, and General Corporate Purposes.