Common use of Term Delayed Draw Loans Clause in Contracts

Term Delayed Draw Loans. The proceeds of any Term Delayed Draw Loans shall be applied by Company only for the purpose of acquiring testing equipment or making other capital expenditures required in connection with the performance by the Operating Subsidiaries with respect to Micro BGA Capital Expenditures.

Appears in 1 contract

Sources: Credit Agreement (Chippac Inc)

Term Delayed Draw Loans. The proceeds of any Term Delayed Draw Loans shall be applied by Company only for the purpose of acquiring testing equipment or making other capital expenditures required in connection with the performance by the Operating Subsidiaries with respect to Micro BGA Capital Expenditures.

Appears in 1 contract

Sources: Credit Agreement (Chippac LTD)