Use of Loan Proceeds and Letters of Credit. (a) Proceeds of all Loans shall be used solely by the Borrowers for general corporate purposes, acquisitions and working capital.
Appears in 2 contracts
Samples: Credit Agreement (KCS Energy Inc), Credit Agreement (KCS Energy Inc)
Use of Loan Proceeds and Letters of Credit. (a) Proceeds of all Loans shall be used solely by the Borrowers for general corporate purposespurposes including working capital needs, to refinance existing debt and for acquisitions and working capitalpayment of shareholder loans not to exceed $400,000 in the aggregate.
Appears in 1 contract
Use of Loan Proceeds and Letters of Credit. (a) Proceeds of all Loans shall be used solely by the Borrowers Borrower solely for acquisitions and development of Oil and Gas Properties working capital and for general corporate purposes, acquisitions and working capital.
Appears in 1 contract
Samples: Credit Agreement (Primeenergy Corp)
