Common use of Use of Loan Proceeds Clause in Contracts

Use of Loan Proceeds. The proceeds of the Revolving Loans shall be used for the Borrower's general business purposes (including, without limitation, acquisitions) in a manner not in conflict with any of the Borrower's covenants in this Agreement.

Appears in 4 contracts

Samples: Credit Agreement (Alleghany Corp /De), Credit Agreement (Alleghany Corp /De), Credit Agreement (Alleghany Corp /De)

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Use of Loan Proceeds. The proceeds of the Revolving Loans shall be used for the Borrower's refinancing existing indebtedness and general business purposes (including, without limitation, acquisitions) in a manner not in conflict with any of the Borrower's ’s covenants in this Agreement.

Appears in 2 contracts

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

Use of Loan Proceeds. The proceeds of the Revolving Loans shall be used by the Borrowers and the Subsidiaries for the Borrower's their general business purposes (including, without limitation, acquisitions) in a manner not in conflict with any of the Borrower's Borrowers' covenants in this Agreement.

Appears in 2 contracts

Samples: Credit Agreement (Pilgrim America Capital Corp), Credit Agreement (Pilgrim America Capital Corp)

Use of Loan Proceeds. The proceeds of the Revolving Loans shall be used for the Borrower's general business purposes (includingincluding but not limited to financing acquisitions, without limitation, acquisitionsrefinancing debt and working capital) in a manner not in conflict with any of the Borrower's covenants in this Agreement.

Appears in 2 contracts

Samples: Credit Agreement (Nash Finch Co), Credit Agreement (Nash Finch Co)

Use of Loan Proceeds. The proceeds of the Revolving Loans shall be used for the Borrower's ’s general business purposes (including, without limitation, acquisitions) in a manner not in conflict with any of the Borrower's ’s covenants in this Agreement. The proceeds of the Term Loan shall be used to refinancing existing Indebtedness of the Borrower on the Closing Date.

Appears in 1 contract

Samples: Credit Agreement (NGA Holdco, LLC)

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Use of Loan Proceeds. The proceeds of the Revolving Loans shall be used for the Borrower's general business purposes (including, without limitation, acquisitions) in a manner not in conflict with any of the Borrower's covenants in this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Marten Transport LTD)

Use of Loan Proceeds. The proceeds of the Revolving Loans shall be used for the Borrower's Borrowers' general business purposes (including, without limitation, acquisitionsworking capital) in a manner not in conflict with any of the Borrower's Borrowers' covenants in this Agreement.

Appears in 1 contract

Samples: Credit Agreement (California Community Bancshares Inc)

Use of Loan Proceeds. The proceeds of the Revolving Loans shall be used for the Borrower's general business and working capital purposes (including, without limitation, acquisitions) in a manner not in conflict with any of the Borrower's covenants in this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Marten Transport LTD)

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