Proceeds of Revolving Credit Loans Sample Clauses

Proceeds of Revolving Credit Loans. The Company shall use the proceeds of Revolving Credit Loans solely for (a) Permitted Uses of Proceeds, (b) making payments to the Issuing Lender to reimburse the Issuing Lender for drawings made under the Letters of Credit, (c) repaying Swing Line Loans and Revolving Credit Loans after the Closing Date, (d) financing the general working capital needs of the Company or any of its Subsidiaries, and (e) other general corporate purposes of the Company or any of its Subsidiaries, including, without limitation, to finance the purchase price of Permitted Acquisitions and Permitted Joint Ventures and pay related fees and expenses, all in accordance with the terms and conditions hereof.
Proceeds of Revolving Credit Loans. The Company shall use the proceeds of Revolving Credit Loans solely for financing the working capital or general corporate purposes of the Parent and its Restricted Subsidiaries (including making payments to an Issuing Lender to reimburse the Issuing Lender for drawings made under the Letters of Credit), including on the Closing Date to pay fees and expenses related to the transactions contemplated hereby and to refinance the Indebtedness outstanding under the Existing Revolving Credit Agreement and Existing Term Loan Credit Agreement and to pay fees (including any call premium payable by the Company in connection with the prepayment of the Existing Term Loan Credit Agreement). Notwithstanding the foregoing, no Credit Party will request any Loans, and no Credit Party shall use, and shall procure that their Subsidiaries and their respective directors, officers, employees and, to the knowledge of any Credit Party, agents, shall not use, the proceeds of any Revolving Credit Loan or Letter of Credit (A) 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, (B) for the purpose of funding, financing or facilitating any activities, business or transaction of or with any Sanctioned Person, or in any Sanctioned Country, or (C) in any manner that would result in the violation of any Sanctions applicable to any party hereto.
Proceeds of Revolving Credit Loans. Borrower shall use the proceeds of Revolving Credit Loans for Permitted Acquisitions and to provide for the ongoing working capital and general corporate purposes of Borrower and its Qualified Subsidiaries, in each case, after the Closing Date.
Proceeds of Revolving Credit Loans. The Borrower shall use the proceeds of the Revolving Credit Loans to (a) make payments to the Issuing Lender to reimburse the Issuing Lender for drawings made under the Letters of Credit, (b) repay Swing Line Loans and Revolving Credit Loans after the Restatement Effective Date, and (c) finance the general working capital needs and general corporate purposes of the Borrower or any of its Subsidiaries.
Proceeds of Revolving Credit Loans. The Company shall use the proceeds of Revolving Credit Loans solely for (i) refinancing the then-unpaid principal amount of revolving loans outstanding under the Existing Credit Agreement and paying fees and expenses incurred in connection therewith, (ii) making payments to the Issuing Lender to reimburse the Issuing Lender for drawings made under the Letters of Credit, (iii) repaying Swing Line Loans and Revolving Credit Loans and (iv) financing other working capital or general corporate purposes of the Company or any of its Subsidiaries.
Proceeds of Revolving Credit Loans. The Company shall use the proceeds of Revolving Credit Loans for general corporate purposes of the Company and its Subsidiaries, including (i) the redemption, repayment or repurchase of up to $30,000,000 (plus, upon the occurrence of a "change of control" as defined in the Permanent Subordinated Debt, an additional amount of up to $15,000,000) aggregate principal amount of the Permanent Subordinated Debt in accordance with subsection 8.13, (ii) acquisitions of companies engaged primarily in businesses similar to the businesses in which the Company and its Subsidiaries are engaged, in an aggregate amount of $50,000,000 in accordance with subsection 8.7(b) and (iii) investments in the development of new or relocated stores in an aggregate amount not to exceed at any one time $50,000,000, against which amount shall be credited any funds from the subsequent sale of any real property or fixtures purchased or developed in connection therewith, in accordance with subsection 8.7(c).
Proceeds of Revolving Credit Loans. (a) Make (except in the case of any Canadian Subsidiary) any expenditures, including without limitation, by using the proceeds of Revolving Credit Loans, for purposes other than substantially consistent with the FY02 Budget or the FY03 Budget; or (b) use any portion of the proceeds of the Revolving Credit Loans, the Carve-Out, the Collateral, or the Prepetition Lenders' cash collateral to commence or prosecute any adversary proceeding or contested matter (i) against the General Administrative Agent, the Lenders, the Prepetition Agent or the Prepetition Lenders or (ii) with respect to the amount, validity, enforceability, perfection or priority of (x) the claims of the Prepetition Lenders against the Borrower or the Prepetition Lenders' Liens which secure the Prepetition Obligations or (y) the Super-Priority Claims or Liens granted to the Administrative Agent and the Lenders pursuant to this Agreement, the Guarantee and Collateral Agreement and the Final Order.
Proceeds of Revolving Credit Loans. The Borrower shall use the proceeds of Revolving Credit Loans (a) to finance up to $5,000,000 of the consideration paid in connection with the Merger (in addition to seasonal working capital usage of up to $40,000,000), (b) to repay existing indebtedness and (c) for general corporate purposes.
Proceeds of Revolving Credit Loans. The Borrowers shall use the ---------------------------------- proceeds of Revolving Credit Loans (a) to finance a portion of the cash consideration payable in the Merger and other payments pursuant to the Merger Agreement and to pay fees, expenses and financing costs in connection therewith, (b) to refinance certain of the existing Indebtedness of the Company and its Subsidiaries, (c) for working capital purposes of the Company and its Subsidiaries, (d) to finance acquisitions permitted by subsection 7.6(g) or other provisions of this Agreement, (e) to finance capital expenditures permitted hereunder and (f) for general corporate purposes.
Proceeds of Revolving Credit Loans. The Company shall use the proceeds of Revolving Credit Loans (a) as set forth in subsection 2.3 and (b) for general corporate purposes of the Company and its Subsidiaries.