Common use of Purpose and utilization Clause in Contracts

Purpose and utilization. The net proceeds from the Bonds shall be used for refinancing of existing debt, including the NOK 1,000 million outstanding under the BON01 bond issue with ISIN NO 0010560683 and maturity on 15 December 2014 and for general corporate purposes.

Appears in 1 contract

Sources: Amendment and Restatement Agreement

Purpose and utilization. The net proceeds from the Bonds shall be used for refinancing of existing debt, including the NOK 1,000 million outstanding under the BON01 BONOl bond issue with ISIN NO 0010560683 and maturity on 15 December 2014 and for general corporate purposes.

Appears in 1 contract

Sources: Bond Agreement