Common use of Controlled Account Clause in Contracts

Controlled Account. The Borrower shall not use any funds held in the Controlled Account for any purpose other than purchasing any remaining equity interests in the Target, prepaying the Loans pursuant to Section 2.05(2)(k) hereof and paying any Transaction Expenses incurred in connection therewith.

Appears in 3 contracts

Samples: Credit Agreement (Superior Industries International Inc), Credit Agreement (Superior Industries International Inc), Credit Agreement (Superior Industries International Inc)

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Controlled Account. The Borrower shall not use any funds held in the Controlled Account for any purpose other than purchasing any remaining equity interests in the Target, prepaying the Loans pursuant to Section 2.05(2)(k2.05(2)(jk) hereof and paying any Transaction Expenses incurred in connection therewith.

Appears in 1 contract

Samples: Credit Agreement (Superior Industries International Inc)

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Controlled Account. The Borrower shall not use any funds held in the Controlled Account for any purpose other than purchasing any remaining equity interests in the Target, prepaying the Loans pursuant to Section 2.05(2)(k2.05(2)(j) hereof and paying any Transaction Expenses incurred in connection therewith.

Appears in 1 contract

Samples: Credit Agreement (Superior Industries International Inc)

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