Use of Proceeds of Term Loans. The proceeds of the Term Loans shall be used solely (i) in the case of all Term Loans, to fund the Refinancing (other than Term D Loans) and to pay Transaction Costs, (ii) in the case of Term A Loans made after the Effective Date, to fund the Delayed Purchases or to refund Swing Loans or Revolving Loans used to fund Delayed Purchases and (iii) in the case of Term D Loans to pay in part the cash merger consideration under the Xxxxx Merger Agreement and the Defeasance."
Use of Proceeds of Term Loans. The proceeds of the Term Loans hereunder shall be used by the Company for the purpose of refinancing certain outstanding Indebtedness of the Company and its Subsidiaries under the Existing Agreement and for general corporate purposes.
Use of Proceeds of Term Loans. The proceeds of the Term Loans hereunder shall be used by the Company for general corporate purposes of the Company and its Subsidiaries not prohibited hereunder.
Use of Proceeds of Term Loans. The Co-Borrowers shall use the proceeds of Term Loans made hereunder to finance the Capital Expenditures of the Co-Borrowers and to refinance existing Debt of the Co-Borrowers. No part of the proceeds of any of the Term Loans will be used for any purpose which violates the provisions of Regulations G, T, U or X of the Board of Governors of the Federal Reserve System in effect on the date of making such Loans.
Use of Proceeds of Term Loans. The proceeds of the Term Loans hereunder shall be used by the Company for the purpose of refinancing certain outstanding Indebtedness of the Company and its Subsidiaries under the Existing Agreement and other existing Indebtedness and to redeem or repurchase Indebtedness issued under the Designated Senior Secured Indenture (including fees and expenses in connection with such refinancing, repurchase and redemption), and for general corporate purposes not prohibited hereunder. To the extent that any Designated Senior Secured Notes shall remain outstanding after the Closing Date, an amount of the proceeds of the Term Loans and, if necessary, Revolving Credit Loans made on the Closing Date, sufficient to purchase, redeem or defease such Designated Senior Secured Notes and pay interest and any premium thereon shall, at the Company’s option, be deposited in a defeasance trust with the trustee under the Designated Senior Secured Indenture or placed in a Cash Collateral Account under the direction of the Term Loan Administrative Agent pending their use to repurchase, redeem or defease such Designated Senior Secured Notes.
Use of Proceeds of Term Loans. The proceeds of the Term Loans may ----------------------------- be used solely for the following purposes: (i) to repay any Tender Offer Loans outstanding on the Merger Funding Date, (ii) to repay in full amounts owing under the Existing OHM Credit Agreement, (iii) to pay Transaction Costs up to an aggregate principal amount of $33,000,000 (including any such costs paid on or prior to the Tender Offer Funding Date) and (iv) to fund working capital in the ordinary course of business of the Company and its Subsidiaries and for other lawful general corporate purposes not prohibited hereunder.
Use of Proceeds of Term Loans. The proceeds of the Term Loans shall be used by the Borrower on the Closing Date to (a) finance the prepayment of certain outstanding indebtedness pursuant to the Refinancing and to pay related fees and expenses and (b) to finance a portion of the Acquisition and/or to pay related fees and expenses.
Use of Proceeds of Term Loans. The proceeds of the Term Loans were used solely for the purposes set forth in the Existing Credit Agreement.
Use of Proceeds of Term Loans. The proceeds of the Term Loans ------------------------------ shall be utilized by the Borrower only (a) to finance a portion of the consideration paid to tendering shareholders of Premisys on account of the Tendered Shares or otherwise to acquire Shares, (b) to refinance any such consideration which is paid out of equity of the Borrower or with the proceeds of loans from Zhone and (c) to pay any fees and expenses relating to the Transaction.
Use of Proceeds of Term Loans. The Borrowers shall use the proceeds of (i) the Term Loan A solely to distribute on the Closing Date all of such proceeds to the Parent in consideration for the contribution by Parent to the Borrowers of the assets acquired by Parent in the Trillium Acquisition and the Parent shall use such distributed proceeds solely to pay a portion of the purchase price under the Trillium Acquisition Agreement as well as certain transaction costs with respect thereto and (ii) the Term Loan B solely to distribute on the Term Loan B Funding Date all of such proceeds (a) first on behalf of the Parent for the purpose of and the Parent shall cause such distributed proceeds to be disbursed directly to Trillium Sellers for the purpose of payment in full satisfaction of the Trillium Seller Note B and (b) next in payment of certain transaction costs with respect thereto (including without limitation Deferred Transaction Costs).
