Purpose and Use of Proceeds. The proceeds of the Loan shall be applied by the Borrower to refinance existing indebtedness of the Borrower and to finance capital expenditures, working capital and other general corporate purposes of the Borrower. The Borrower agrees that the proceeds of the Loan shall be used for only the purpose set forth in this Section 2.
Purpose and Use of Proceeds. The Borrower shall use all amounts borrowed by it under the Facility:
Purpose and Use of Proceeds. The purpose of the Cash Pool Credit is (i) to replace existing cash pool credit provided by the Agent to the Borrower and (ii) to provide additional credit related to the Group’s ordinary course of business.
Purpose and Use of Proceeds. The Credit Facility shall be utilised to part finance investments in accordance with the Investment Plan.
Purpose and Use of Proceeds. The proceeds of the Loan shall be applied by the Borrower to refinance existing indebtedness of the Borrower and to finance capital expenditures, working capital and other general corporate purposes of the Borrower. Further, the Borrower may use the proceeds of the Loan to make a special dividend to CTE (as hereinafter defined) permitted under Section 14(H). The Borrower agrees that the proceeds of the Loan shall be used for only the purpose set forth in this Section 2.
Purpose and Use of Proceeds. The purpose of the Recoverable Grant is to [what will it support]. All proceeds of the Recoverable Grant shall be used by [ORGANIZATION] in its [description of what the grant will support] work.
Purpose and Use of Proceeds. The proceeds of the Loan will be used by the Borrower to support general working capital requirements.
Purpose and Use of Proceeds. Section 3 of the Loan Agreement is hereby amended and supplemented by deleting such Section in its entirety and substituting in lieu thereof the following Section:
Purpose and Use of Proceeds. It is recorded that pursuant to the terms of the Deed of Assignment of Loan Agreement the Borrower shall continue to have the use of amounts advanced to it under the Existing Credit Agreements subject to the terms of this Agreement. For the avoidance of doubt, the Lenders will not be obliged to make any new advances to the Borrower under the terms of this Agreement, save in respect of amounts not fully drawn down from the Facility A1 Commitments at the Effective Date.
Purpose and Use of Proceeds. BORROWER shall use the proceeds of the Loan to continue financing the Program through which BORROWER serves as a statewide financial intermediary program providing support for local micro-enterprise programs serving micro and startup businesses across the state of STATE (urban & rural). So long as any part of the Loan remains outstanding, BORROWER shall furnish COMPANY with a quarterly report of loan activity, in such detail as COMPANY may from time to time reasonably request.
