Examples of Initial Revolving Borrowing in a sentence
The proceeds of the Initial Term Loans, together with the proceeds of (i) the Senior Notes, (ii) the Equity Investment and (iii) a portion of the Initial Revolving Borrowing, will be used by the Borrower to directly or indirectly consummate the Transactions, to pay the costs and expenses related to the Transactions and to fund cash to the Borrower’s balance sheet.
The proceeds of the Initial Revolving Borrowing will be used to finance the Transactions and fees and expenses related to the Transactions and for working capital needs of the Borrower and its Subsidiaries.
The proceeds of the Initial Revolving Borrowing will be used on the Closing Date to the extent permitted in accordance with the definition of the term “Permitted Initial Revolving Borrowing”.
In addition, (i) the Total Revolving Extensions of Credit shall not at any time exceed the Total Revolving Commitments in effect at such time and (ii) borrowings under the Revolving Commitments on the Closing Date shall not exceed the Initial Revolving Borrowing.
The proceeds of the Revolving Loans (other than the proceeds from the Initial Revolving Borrowing) and Swingline Loans will be used only for general corporate purposes.