Common use of Proceeds of Revolving Credit Loans Clause in Contracts

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.

Appears in 2 contracts

Samples: Credit Agreement (Cumulus Media Inc), Credit Agreement

AutoNDA by SimpleDocs

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 Closing Date, and (c) finance the general working capital needs and general corporate purposes of the Borrower or any of its Subsidiaries.

Appears in 1 contract

Samples: Credit Agreement (Cumulus Media Inc)

Proceeds of Revolving Credit Loans. The Borrower Company shall use the proceeds of the Revolving Credit Loans to solely for (a) make Permitted Uses of Proceeds, (b) making payments to the Issuing Lender to reimburse the Issuing Lender for drawings made under the Letters of Credit, and (bc) repay repaying Swing Line Loans and Revolving Credit Loans after the Restatement Amendment Effective Date, and (c) finance the general working capital needs and general corporate purposes of the Borrower or any of its Subsidiaries.

Appears in 1 contract

Samples: Credit Agreement (Be Aerospace Inc)

AutoNDA by SimpleDocs

Proceeds of Revolving Credit Loans. The Borrower Company shall use the proceeds of the Revolving Credit Loans to solely for (a) make Permitted Uses of Proceeds, (b) making payments to the Issuing Lender to reimburse the Issuing Lender for drawings made under the Letters of Credit, and (bc) repay repaying Swing Line Loans and Revolving Credit Loans after the Restatement Effective Closing Date, and (c) finance the general working capital needs and general corporate purposes of the Borrower or any of its Subsidiaries.

Appears in 1 contract

Samples: Credit Agreement (Be Aerospace Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.