Common use of Purpose and Availability Clause in Contracts

Purpose and Availability. The proceeds of the Term Loans will be used for working capital, general corporate purposes and other transactions not prohibited by the Definitive Financing Documentation. The Exit Facility will be available to be drawn after the Closing Date through 18 months following the Closing Date, in a minimum principal amount per drawing of the lesser of (x) $25,000,000 or (y) the remaining unfunded amount of Term Loans. Amounts repaid or prepaid under the Exit Facility may not be reborrowed; provided that the repayment of a Term Loan shall not terminate the commitments in respect of the undrawn Term Loans.