Proceeds of the Loan. Borrower shall apply the Loan Amount solely for the purposes set forth in SECTION 2.3 hereof.
Proceeds of the Loan. The Loan is subject to the provisions hereinafter set forth and shall mature on the Maturity Date. Borrower acknowledges that the net proceeds of the Loan to be received from Lender is in accordance with a loan settlement statement executed at closing by Lender and Borrower (the “Closing Statement”).
Proceeds of the Loan. The proceeds of the Loan shall be used to repay the Debentures, the Interest Adjustment Amount and the Lender’s reasonable legal fees and expenses.
Proceeds of the Loan. On the Closing Date, the proceeds of the Loan shall be applied by Borrower, either directly or by making a capital contribution to Opco to (i) finance the consideration payable on the Closing Date in connection with the ACN Acquisition, (ii) fund the payment of the conversion price to dissenting stockholders of Borrower in connection with the approval of the ACN Acquisition and (iii) pay Transaction Costs.