Common use of STATEMENT OF PURPOSE Clause in Contracts

STATEMENT OF PURPOSE. The Borrower has requested, and the Lenders have agreed, to extend certain credit facilities to the Borrower on the terms and conditions of this Agreement.

Appears in 72 contracts

Samples: Fourth Amendment (Bowater Inc), Fourth Amendment (AbitibiBowater Inc.), Credit Agreement (Grainger W W Inc)

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STATEMENT OF PURPOSE. The Borrower has requested, and, subject to the terms and conditions hereof, the Administrative Agent and the Lenders have agreed, to extend certain credit facilities to the Borrower on the terms and conditions of this Agreement.

Appears in 41 contracts

Samples: Credit Agreement (Fossil Inc), Credit Agreement (Apogee Enterprises Inc), Credit Agreement (Chuy's Holdings, Inc.)

STATEMENT OF PURPOSE. The Borrower has requested, and subject to the terms and conditions set forth in this Agreement, the Administrative Agent and the Lenders have agreedagreed to extend, to extend certain credit facilities to the Borrower on the terms and conditions of this AgreementBorrower.

Appears in 23 contracts

Samples: Credit Agreement (Switch, Inc.), Credit Agreement (STAMPS.COM Inc), Credit Agreement (Switch, Inc.)

STATEMENT OF PURPOSE. The Borrower has Borrowers have requested, and the Lenders have agreed, to extend certain credit facilities to the Borrower Borrowers on the terms and conditions of this Agreement.

Appears in 18 contracts

Samples: Credit Agreement (Tekelec), Credit Agreement (Broadview Networks Holdings Inc), Credit Agreement (Tessco Technologies Inc)

STATEMENT OF PURPOSE. The Borrower has requested, requested and the Lenders have agreed, agreed to extend certain a credit facilities facility to the Borrower on the terms and conditions of in this Agreement.

Appears in 18 contracts

Samples: Credit Agreement (Cooper River Properties LLC), Credit Agreement (Cooper River Properties LLC), Credit Agreement (Cooper River Properties LLC)

STATEMENT OF PURPOSE. The Borrower Company has requested, and the Lenders have agreed, to extend certain credit facilities to the Borrower Borrowers on the terms and conditions of this Agreement.

Appears in 9 contracts

Samples: Credit Agreement (BlackRock Inc.), Credit Agreement (BlackRock Inc.), Credit Agreement (BlackRock Inc.)

STATEMENT OF PURPOSE. The Borrower has Borrowers have requested, and subject to the terms and conditions set forth in this Agreement, the Administrative Agent and the Lenders have agreedagreed to extend, to extend certain credit facilities to the Borrower on the terms and conditions of this AgreementBorrowers.

Appears in 7 contracts

Samples: Credit Agreement (Southwest Gas Corp), Collateral Agreement (Boot Barn Holdings, Inc.), Credit Agreement (DXP Enterprises Inc)

STATEMENT OF PURPOSE. The Borrower has requested, and the Lenders have agreed, subject to extend certain credit facilities to the Borrower on the terms and conditions of set forth in this Agreement, the Lender has agreed to extend, a revolving credit facility to the Borrower.

Appears in 3 contracts

Samples: Credit Agreement (Atrion Corp), Credit Agreement (Atrion Corp), Credit Agreement (Channeladvisor Corp)

STATEMENT OF PURPOSE. The Borrower has requested, and the Lenders have Lender has agreed, to extend certain a revolving credit facilities facility to the Borrower on the terms and conditions of this Agreement.

Appears in 3 contracts

Samples: Credit Agreement (Intercontinentalexchange Inc), Credit Agreement Credit Agreement (Edutrek Int Inc), Credit Agreement (Optio Software Inc)

STATEMENT OF PURPOSE. The Borrower has requested, and the Lenders have agreed, subject to extend certain credit facilities to the Borrower on the terms and conditions of set forth in this Agreement, the Lenders have agreed to extend, credit in the form of Initial Term Loans to the Borrower.

Appears in 2 contracts

Samples: Intercreditor Agreement (Beacon Roofing Supply Inc), Intercreditor Agreement (Beacon Roofing Supply Inc)

STATEMENT OF PURPOSE. The Borrower has requested, and the Lenders have agreed, agreed to extend certain credit facilities to the Borrower on the terms and conditions of this Agreement.

Appears in 2 contracts

Samples: Credit Agreement (Veridian Corp), Credit Agreement (Veridian Corp)

STATEMENT OF PURPOSE. The Borrower has Borrowers have requested, and, subject to the terms and conditions hereof, the Lenders have agreed, to extend certain credit facilities to the Borrower on the terms and conditions of this AgreementBorrowers.

Appears in 2 contracts

Samples: Credit Agreement (Belk Inc), Bridge Credit Agreement (Belk Inc)

STATEMENT OF PURPOSE. The Borrower has Borrowers have requested, and, subject to the terms and conditions hereof, the Lenders have Lender has agreed, to extend certain credit facilities to the Borrower Borrowers on the terms and conditions of this Agreement.

Appears in 2 contracts

Samples: Credit Agreement (Twin Disc Inc), Credit Agreement (Twin Disc Inc)

STATEMENT OF PURPOSE. The Borrower has requested, and the Lenders have agreed, to extend a certain credit facilities facility to the Borrower on the terms and conditions of this Agreement.

Appears in 2 contracts

Samples: Loan Agreement (Medcath Corp), Loan Agreement (Medcath Corp)

STATEMENT OF PURPOSE. The Borrower has Borrowers have requested, and the Lenders have agreedagreed to extend, to extend certain credit facilities Loans to the Borrower Borrowers on the terms and conditions of this Agreement.

Appears in 2 contracts

Samples: Credit Agreement (Rare Hospitality International Inc), Credit Agreement (Rare Hospitality International Inc)

STATEMENT OF PURPOSE. The Borrower has requested, requested and the Lenders have agreed, agreed to extend certain a revolving credit facilities facility and a term loan facility to the Borrower on the terms and conditions of this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Texfi Industries Inc)

STATEMENT OF PURPOSE. The Borrower has requested, requested and the Lenders have agreed, agreed to extend certain credit facilities to the Borrower on the terms and conditions of this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Insignia Esg Holdings Inc)

STATEMENT OF PURPOSE. The Borrower has requested, and the Lenders have agreed, to extend certain credit facilities to the Borrower on the terms and conditions of this Agreement. The proceeds of the borrowings hereunder are to be used to finance the Acquisition or to refinance Qualifying Commercial Paper.

Appears in 1 contract

Samples: Revolving Credit Agreement (BlackRock Inc.)

STATEMENT OF PURPOSE. The Borrower has Borrowers have requested, and the Lenders have agreedagreed to extend, to extend certain credit facilities to the Borrower Borrowers on the terms and conditions of this Agreement.

Appears in 1 contract

Samples: Credit Agreement (United States Lime & Minerals Inc)

STATEMENT OF PURPOSE. The Borrower has and Credit Parties have requested, and the Lenders have Lender has agreed, to extend certain credit facilities to the Borrower on pursuant to the terms and conditions of this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Medical Manager Corp)

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STATEMENT OF PURPOSE. The Borrower has requested, requested and the Lenders have agreed, Lender has agreed to extend a certain revolving credit facilities loan facility and other credit accommodations to and for the benefit of the Borrower on the terms and conditions of this Agreement.

Appears in 1 contract

Samples: Credit Loan Agreement (Marshall Industries)

STATEMENT OF PURPOSE. The Borrower has Borrowers have requested, and the Lenders have agreed, to extend certain credit facilities to the Borrower Borrowers on the terms and conditions of this Agreement. BREED, as parent of the other Borrowers, will benefit directly and indirectly from the extension of such credit facilities to such other Borrowers. As a precondition to making any extensions of credit hereunder, the Lenders have required, and BREED has agreed, to execute this Agreement as Guarantor on the terms and conditions of this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Breed Technologies Inc)

STATEMENT OF PURPOSE. The Borrower has Borrowers have requested, and the Lenders have agreed, to extend certain credit facilities to the Borrower on the terms and conditions of this Agreement.

Appears in 1 contract

Samples: Credit Agreement (G&k Services Inc)

STATEMENT OF PURPOSE. The Borrower has requestedrequested that the Lenders extend, and the Lenders have agreedagreed to extend, to extend certain credit facilities to the Borrower on the terms and conditions of contained in this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Richfood Holdings Inc)

STATEMENT OF PURPOSE. The Borrower has Borrowers have requested, and the Lenders have agreed, to extend to the Borrowers certain credit facilities to the Borrower on the terms and conditions of this AgreementAgreement for use by the Borrowers to support working capital and general corporate purposes (excluding acquisitions).

Appears in 1 contract

Samples: Working Capital Credit Agreement (JLG Industries Inc)

STATEMENT OF PURPOSE. The Borrower has requested, Borrowers have requested and the Lenders have agreed, agreed to extend certain a credit facilities facility to the Borrower Borrowers on the terms and conditions of this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Cornerstone Realty Income Trust Inc)

STATEMENT OF PURPOSE. The Borrower has requestedrequested the Lender to extend certain credit facilities to the Borrower, and the Lenders have agreed, Lender has agreed to extend certain such credit facilities to the Borrower on the terms and conditions of this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Opentable Inc)

STATEMENT OF PURPOSE. The Borrower has Initial Borrowers have requested, and the Lenders have agreed, to extend certain credit facilities to the Borrower Borrowers on the terms and conditions of this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Global Imaging Systems Inc)

STATEMENT OF PURPOSE. The Borrower (as defined below) has requested, requested and the Lenders have agreed, agreed to extend certain credit facilities to the Borrower on the terms and conditions of this Agreement.

Appears in 1 contract

Samples: Five Year Credit Agreement (Jones Apparel Group Inc)

STATEMENT OF PURPOSE. The Borrower has requestedPursuant to the terms of the Credit Agreement, and the Lenders have agreed, agreed to extend certain credit facilities to the Borrower on Borrowers in the terms and conditions aggregate amount of this up to the Aggregate Commitment under the Credit Agreement.

Appears in 1 contract

Samples: Pledge Agreement (Cable Michigan Inc)

STATEMENT OF PURPOSE. The Borrower has requested, and, subject to the terms and conditions hereof, the Lenders have Lender has agreed, to extend certain credit facilities to the Borrower on the terms and conditions of this Agreement.

Appears in 1 contract

Samples: Credit Agreement (DCP Midstream, LP)

STATEMENT OF PURPOSE. The Borrower has requestedrequested that the Lenders extend, and the Lenders have agreedagreed to extend, to extend a certain credit facilities facility to the Borrower on the terms and conditions of contained in this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Richfood Holdings Inc)

STATEMENT OF PURPOSE. The Borrower has requested, and the Lenders have agreed, to extend certain a term loan credit facilities facility to the Borrower on the terms and conditions of this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Grainger W W Inc)

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