Common use of Use of Proceeds of Notes Clause in Contracts

Use of Proceeds of Notes. NFLP shall use the proceeds of Notes solely for one or more of the following purposes: (a) to pay amortizing Notes when due, in accordance with this Indenture; and (b) to acquire, finance or refinance the acquisition of Eligible Vehicles in accordance with the Lease.

Appears in 2 contracts

Sources: Base Indenture (Republic Industries Inc), Base Indenture (Republic Industries Inc)