Use of Proceeds of Loans and Letters of Credit. The proceeds of the Loans and the Letters of Credit issued for the account of the Borrower hereunder may be used for the purposes of:
Use of Proceeds of Loans and Letters of Credit. The proceeds of the Loans and the Letters of Credit shall be used for the general corporate purposes of the Loan Parties.
Use of Proceeds of Loans and Letters of Credit. The proceeds of the Loans will be used for general corporate purposes of the Borrower and its Subsidiaries. No part of the proceeds of any Loan will be used, whether directly or indirectly, for any purpose that entails a violation of any of the Regulations of the Board, including Regulations T, U and X. Letters of Credit will be issued only for general corporate purposes. The proceeds of the Letters of Credit will be used only to support the general corporate purposes of the Borrower and its Subsidiaries. The Borrower will not request any Borrowing or Letter of Credit, and the Borrower shall not use, and shall procure that its Subsidiaries and its or their respective directors, officers, employees and agents shall not use, the proceeds of any Borrowing or Letter of Credit (a) in furtherance of an offer, payment, promise to pay, or authorization of the payment or giving of money, or anything else of value, to any Person in violation of any Anti-Corruption Laws, (b) for the purpose of funding, financing or facilitating any activities, business or transaction of or with any Sanctioned Person, or in any Sanctioned Country, to the extent such activities, business or transaction would be prohibited by applicable Sanctions if conducted by a corporation incorporated in the United States or in a European Union member state, or (c) in any manner that would result in the violation of any Sanctions applicable to any party hereto.
Use of Proceeds of Loans and Letters of Credit. The proceeds of (a) Term Loan A1 and Term Loan A2 will be utilized (i) to refinance existing Indebtedness, including the Term Loans due September 16, 2025 outstanding under (and as defined in) this Agreement prior to giving effect to the Fifth Amendment and the 4.25% Senior Notes due March 2022 and to pay accrued interest and premium thereon (and in the case of such 4.25% Senior Notes, to be repaid or prepaid at any time on or following the Fifth Amendment Effective Date, at the Borrower’s sole discretion), and (ii) for general corporate purposes; (b) Term Loan A3 will be utilized for general corporate purposes; and (c) the Revolving Loans and Swingline Loans will be used only for working capital and other general corporate purposes of the Borrower and its Subsidiaries, and Letters of Credit will be issued only to support obligations of the Borrower or any Subsidiary incurred in the ordinary course of business; provided, that notwithstanding the foregoing,
Use of Proceeds of Loans and Letters of Credit. The proceeds of the Loans and the Letters of Credit issued for the account of the Borrower hereunder may be used for the purposes of general working capital needs of the Borrower and other general corporate purposes.
Use of Proceeds of Loans and Letters of Credit. The ---------------------------------------------- proceeds of the Loans and the Letters of Credit issued for the account of the Borrower hereunder may be used for the purposes of:
Use of Proceeds of Loans and Letters of Credit. The proceeds of the(a) the Term Loans will be utilized only to finance open market purchases and tenders for a portion of each or any of the Borrower’s Applicable Senior Notes and to pay accrued interest and premium thereon; and (b) the Revolving Loans and Swingline Loans will be used only for working capital and other general corporate purposes of the Borrower and its Subsidiaries, and Letters of Credit will be issued only to support obligations of the Borrower or any Subsidiary incurred in the ordinary course of business; provided, that notwithstanding the foregoing,
Use of Proceeds of Loans and Letters of Credit. The proceeds of the Loans and the Letters of Credit shall be used for the purposes permitted under the Borrowers’ Organizational Documents and all related documentation including Subscription Agreements, as the case may be. None of the Lenders or Administrative Agent shall have any liability, obligation, or responsibility whatsoever with respect to Borrowers’ use of the proceeds of the Loans or the Letters of Credit, and none of the Lenders or Administrative Agent shall be obligated to determine whether or not Borrowers’ use of the proceeds of the Loans or the Letters of Credit are for purposes permitted under Borrowers’ Organizational Documents. Nothing, including, without limitation, any Borrowing, any Rollover, any issuance of any Letter of Credit, or acceptance of any other document or instrument, shall be construed as a representation or warranty, express or implied, to any party by Lenders or Administrative Agent as to whether any investment by Borrowers is permitted by the terms of their respective Organizational Documents.
Use of Proceeds of Loans and Letters of Credit. The proceeds of the Loans and the Letters of Credit shall be used for (a) the general corporate purposes of the Loan Parties and/or their respective Subsidiaries or Affiliates, including (i) the funding of any such person’s day-to-day operations, operating expenses and any other similar obligations; (ii) in connection with the acquisition, development, financing, restructuring, ownership, management, construction, administration, operation and/or disposition of (and any costs associated with) existing or potential renewable energy or other similar projects of or related to the Loan Parties and/or their respective direct or indirect Subsidiaries or Affiliates; (iii) to pay interest and fees on any Obligations and to repay any outstanding LC Obligations; and (iv) with respect to the proceeds of any Tranche B Loans, the contribution of such proceeds to D. E. Shaw Renewable Investments, LLC, without regard to any other restrictions in Article 6 of this Agreement or the other Loan Documents and (b) for the refinancing of the Existing Credit Facility.
Use of Proceeds of Loans and Letters of Credit. The proceeds of the Loans and the Letters of Credit issued for the account of the Borrower or RMOP hereunder may be used for the purposes of:
