Purpose of the Loans. The Loans shall be used (a) to refinance certain indebtedness of the Borrower, and (b) for purposes of funding working capital, capital expenditures, and other corporate purposes of the Borrower and its Subsidiaries.
Purpose of the Loans. 3.1 The “Term Loan” is exclusively designed for the partial financing of the fixed assets for the “Project” in accordance with the description in the overview “Source of Funds / Use of Funds” in Annex 2 (Source of Funds / Use of Funds).
Purpose of the Loans. The Loans and the Loan CT.B shall exclusively serve the following purposes hereunder and the Borrowers hereby undertake to the Lenders to make use of the Loans only for the purposes as stipulated following hereafter:
Purpose of the Loans. The Loans shall be used to support electrical generation operations of the Borrower, and shall not be used for non-electrical operations of the Borrower and its Subsidiaries.
Purpose of the Loans. Subject to the terms and conditions contained herein, (i) the proceeds of the Term Loan shall be used to refinance existing mortgage debt of the Borrower with the balance for general corporate purposes of the Borrower, with all proceeds advanced at the closing, and (ii) the proceeds of the Revolver Loan shall be used to refinance existing indebtedness and for working capital and general corporate purposes of the Borrower.”
Purpose of the Loans. The proceeds of the Loans made available to the Borrower are to be used solely to fund, in part, the Pharmasset Acquisition, including refinancing or retiring, to the extent elected by the Borrower, existing Indebtedness of Pharmasset and paying fees and expenses for which the Borrower is responsible in connection with the Transactions.
Purpose of the Loans. The proceeds of the Initial Loans shall only be used:
Purpose of the Loans. Subject to the terms and conditions contained herein, (i) the proceeds of the Ranor Term Loan were previously used to refinance existing mortgage debt of Ranor with the balance for general corporate purposes of Ranor, with all proceeds previously advanced to Ranor, (ii) the proceeds of the Revolver Loan shall be used for working capital and general corporate purposes of the Borrowers and (iii) the proceeds of the Stadco Term Loan shall be used to support the Stadco Acquisition by Westminster and the Initial Stadco Borrower and to refinance existing indebtedness of Stadco.
Purpose of the Loans. The proceeds of the Loan made available to the Borrower on a date no later than December 31, 2005 are to be used solely (a) to pay fees and expenses incurred in connection with the transactions contemplated herein, and (b) for the Borrower to pay dividends to the Parent, which dividends are eligible for treatment under Section 965 of the Code, as amended by The American Jobs Creation Act of 2004.
Purpose of the Loans. The Applicant is a start-up business located in Scottsbluff, Scotts Bluff County, Nebraska, engaging in the business of hemp seed production and hemp processing (the “Business”). The proceeds of the Loan will be used for construction and expansion of the hemp seed production greenhouse of the Business, as well as working capital related thereto, which construction and expansion is necessary begin business and enter the market for hemp seed production and sales.
