Common use of Purpose of Loans and Letters of Credit Clause in Contracts

Purpose of Loans and Letters of Credit. The proceeds of the Loans hereunder shall be used solely by the Borrower for working capital and general corporate purposes of the Credit Parties. The Letters of Credit shall be used only for or in connection with appeal bonds, reimbursement obligations arising in connection with surety and reclamation bonds, reinsurance, domestic or international trade transactions, worker's compensation bonds and obligations not otherwise aforementioned relating to transactions entered into by the applicable account party in the ordinary course of business.

Purpose of Loans and Letters of Credit. The proceeds of the Loans hereunder shall be used solely by the Borrower for working capital, capital expenditures and general other lawful corporate purposes of the Credit Partiespurposes. The Letters of Credit shall be used only for or in connection with appeal bonds, reimbursement obligations arising in connection with surety and reclamation bonds, reinsurance, domestic or international trade transactions, worker's compensation bonds transactions and obligations not otherwise aforementioned relating to transactions entered into by the applicable account party in the ordinary course of business.

Purpose of Loans and Letters of Credit. The proceeds of the Loans hereunder shall be used solely by the Borrower for working capital and general corporate purposes of the Credit Parties, including any Permitted Acquisitions. The Letters of Credit shall be used only for or in connection with appeal bonds, reimbursement obligations arising in connection with surety and reclamation bonds, reinsurance, domestic or international trade transactions, worker's compensation bonds and obligations not otherwise aforementioned relating to transactions entered into by the applicable account party in the ordinary course of business.

Purpose of Loans and Letters of Credit. The proceeds of the Loans hereunder shall be used solely by the Borrower to (a) refinance existing Indebtedness and (b) provide for working capital, capital expenditures and other general corporate purposes of the Credit Partiespurposes. The Letters of Credit shall be used only for or in connection with appeal bonds, reimbursement obligations arising in connection with surety and reclamation bonds, reinsurance, domestic or international trade transactions, worker's compensation bonds transactions and obligations not otherwise aforementioned relating to transactions entered into by the applicable account party in the ordinary course of business.

Purpose of Loans and Letters of Credit. The proceeds of the Loans hereunder shall be used solely by the Borrower to provide for working capital and ongoing general corporate purposes of the Credit PartiesBorrower and its Subsidiaries. The Letters of Credit shall be used only for or in connection with appeal bonds, reimbursement obligations arising in connection with surety surety, reclamation and reclamation industrial development bonds, reinsurance, domestic or international trade transactions, worker's compensation bonds transactions and obligations not otherwise aforementioned relating to transactions entered into by the applicable account party in the ordinary course of business.