Common use of Use of Proceeds by Company Clause in Contracts

Use of Proceeds by Company. Company shall have provided -------------------------- evidence satisfactory to Administrative Agent that the cash proceeds from the debt and equity capitalization of Company described in the immediately preceding clause (ii) shall have been irrevocably committed, prior to the application of the proceeds of the Term Loans and the Revolving Loans made on the Closing Date, to the payment of the Purchase Price and Transaction Costs.

Appears in 1 contract

Samples: Credit Agreement (Goss Graphic Systems Inc)

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Use of Proceeds by Company. Company shall have provided evidence -------------------------- evidence satisfactory to Administrative Agent that the cash proceeds from of the debt and equity capitalization of Company described in the immediately preceding clause (iii) shall have been irrevocably committed, prior to or concurrent with the application of the proceeds of the Term Loans and the Revolving Loans made on the Closing DateLoans, to the payment of a portion of the Purchase Price and Transaction CostsFinancing Requirements.

Appears in 1 contract

Samples: Credit Agreement (Isle of Capri Casinos Inc)

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Use of Proceeds by Company. Company shall have provided -------------------------- evidence satisfactory to Administrative Agent that the cash proceeds from the debt and equity capitalization of Company described in the immediately preceding clause (ii) shall have been irrevocably committed, prior to the application of the proceeds of the Term Loans and the Revolving Loans made on the Closing Date, to the payment of the Purchase Price and Transaction Costs.

Appears in 1 contract

Samples: Credit Agreement (Goss Graphic Systems Inc)

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