Common use of Purpose of Credit Facility Clause in Contracts

Purpose of Credit Facility. The Borrower will use Loan proceeds only to refinance the Existing Credit Agreement and for the working capital needs and general corporate purposes (including Acquisitions and capital expenditures) of the Companies. The proceeds loaned hereunder will not be used directly or indirectly for the purpose of purchasing or carrying, or for the purpose of extending credit to others for the purpose of purchasing or carrying, any Margin Stock, or to repay any Debt which was created for such purposes.

Appears in 3 contracts

Samples: Credit Agreement (Centurytel Inc), Credit Agreement (Centurytel Inc), Credit Agreement (Centurytel Inc)

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Purpose of Credit Facility. The Borrower will use Loan proceeds only to refinance finance a portion of the Existing Credit Agreement Transaction and for the working capital needs and general corporate purposes (including Acquisitions and capital expenditures) of the Companies. The proceeds loaned hereunder will not be used directly or indirectly for the purpose of purchasing or carrying, or for the purpose of extending credit to others for the purpose of purchasing or carrying, any Margin Stock, or to repay any Debt which was created for such purposes.

Appears in 2 contracts

Samples: Credit Agreement (Centurytel Inc), Credit Agreement (Centurytel Inc)

Purpose of Credit Facility. The Borrower will use Loan proceeds only to refinance the Existing Credit Agreement and for finance the working capital needs and general corporate purposes (including Acquisitions and capital expendituresto serve as a commercial paper liquidity back-stop) of the Companies. The proceeds loaned hereunder will not be used directly or indirectly for the purpose of purchasing or carrying, or for the purpose of extending credit to others for the purpose of purchasing or carrying, any Margin Stock, or to repay any Debt which was created for such purposes.

Appears in 1 contract

Samples: Credit Agreement (Centurytel Inc)

Purpose of Credit Facility. The Borrower will use Loan proceeds only to refinance the Existing Credit Agreement and for the working capital needs and general corporate purposes (including Acquisitions and capital expenditures) of the Companies. The proceeds loaned hereunder will not be used directly or indirectly for the purpose of purchasing or carrying, or for the purpose of extending credit to others for the purpose of purchasing or carryingcarrying any "margin stock" as that term is defined in Regulation G, any Margin StockT, U, or X of the Board, as amended, or to repay any Debt which was created for such purposes.

Appears in 1 contract

Samples: Revolving Credit Facility Agreement (Century Telephone Enterprises Inc)

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Purpose of Credit Facility. The Borrower will use Loan proceeds only to refinance the Existing Credit Agreement and for the working capital needs and general corporate purposes (including Acquisitions and capital expenditures) finance a portion of the Companiespurchase price to be paid in connection with the Purchase and to pay Transaction Costs. The proceeds loaned hereunder will not be used directly or indirectly for the purpose of purchasing or carrying, or for the purpose of extending credit to others for the purpose of purchasing or carrying, any Margin Stock, or to repay any Debt which was created for such purposes.

Appears in 1 contract

Samples: Credit Agreement (Centurytel Inc)

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