Use of Proceeds of Loans. It will use the proceeds of the Loans made ------------------------ by Banks to Borrower hereunder for the repayment of Commercial Paper or other indebtedness of Borrower existing as of the Effective Date and for its general working capital requirements, including acquisition and improvement of plant, property and equipment and acquisitions, and other lawful corporate purposes.
Appears in 2 contracts
Samples: Credit Agreement (Hughes Electronics Corp), Credit Agreement (Hughes Electronics Corp)
Use of Proceeds of Loans. It will use the proceeds of the Loans ------------------------ made ------------------------ by Banks to Borrower hereunder for the repayment of Commercial Paper or other indebtedness of Borrower existing as of the Effective Date and for its general working capital requirements, including acquisition and improvement of plant, property and equipment and acquisitions, and other lawful corporate purposes.
Appears in 2 contracts
Samples: Credit Agreement (Hughes Electronics Corp), Credit Agreement (Hughes Electronics Corp)
Use of Proceeds of Loans. It will use the proceeds of the Loans made ------------------------ by Banks to Borrower hereunder for the repayment of Commercial Paper or other indebtedness of Borrower existing as of the Effective Date and for its general working capital requirements, including acquisition and improvement of plant, property and equipment and acquisitions, and other lawful corporate purposes.
Appears in 1 contract
Samples: Revolving Credit Agreement (Hughes Electronics Corp)
