Use of Proceeds of Term Loan. All of the proceeds of the Term Loan shall be used to repay a portion of the unpaid balance of the Revolving Credit Loans as in existence immediately prior to the Term Loan single Advance.
Use of Proceeds of Term Loan. The proceeds of the Term Loan shall be available (and each Borrower agrees that it shall use such proceeds) for operating, working capital and general corporate purposes of the Loan Parties, in each case, consistent with, subject to and within the limitations contained in, the Approved Budget (including to fund the Carve-Out Reserve and to pay other fees, costs and expenses incurred in connection with the transactions contemplated hereby and other administrative costs incurred in connection with the transactions contemplated with the Chapter 11 Cases); provided, that no proceeds of the Term Loans or cash collateral shall be used to, among other things, (x) object, contest or raise any defense to the validity, perfection, priority, extent or enforceability of any amount due under or the liens and security interests granted under the Loan Documents or (y) investigate, initiate or prosecute any claims and defenses or commence causes of action against any Credit Party under or relating to the Loan Documents; provided, further, that not more than $100,000 in the aggregate of proceeds of the Carve-Out, any Cash Collateral, or any proceeds of the Junior DIP Facility, DIP ABL Facility or the Junior DIP Collateral and DIP ABL Collateral may be used by the Creditors’ Committee for purposes of investigating such claims, liens, or interests of the Prepetition ABL Credit Parties (but not to litigate any of the foregoing).
Use of Proceeds of Term Loan. The proceeds of the Term Loan shall be used to refinance Existing Indebtedness of Borrowers and to purchase certain assets in accordance with the terms of the Air Products APA.
Use of Proceeds of Term Loan. Borrowers shall use the proceeds of the Term Loan to refinance the existing debt of Allex Xxxk.
Use of Proceeds of Term Loan. The proceeds of all of the Term Loan shall be used immediately by Borrower to repay certain existing Debt of Borrower owed to Parent.
Use of Proceeds of Term Loan. Borrower shall use the proceeds of the Term Loan to repay existing Debt, to pay amounts due to Chugai Boyeki (America) Corp. and Chugai Boyeki Company Limited and for general working capital purposes. Borrower may not advance any proceeds from the Term Loan to any Subsidiary or Affiliate unless it is a Guarantor.
Use of Proceeds of Term Loan. The proceeds of the Term Loan shall be utilized by the Borrower to (a) refinance existing indebtedness of the Loan Parties, (b) finance any future acquisitions permitted hereunder of the Loan Parties, (c) provide working capital to the Loan Parties and (d) for other general corporate purposes of the Loan Parties.
Use of Proceeds of Term Loan. The proceeds of the Term Loan were to be used, and were in fact used to by Borrowers, refinance existing term and other debt of Borrowers.
Use of Proceeds of Term Loan. The proceeds of the Term Loan shall be used to fund a special dividend to shareholders of $2.00 per share and to refinance existing debt owed to Northern Trust Bank.
Use of Proceeds of Term Loan. The proceeds of the Term Loan shall be used by Borrowers solely to partially refinance certain obligations of Borrowers to Washington Square.
