Proceeds of the Loan. The proceeds of the Loan shall be available (and the Borrower agrees that it shall use such proceeds) solely for general corporate purposes of the Guarantor and its Affiliates including without limitation, payment of costs incurred in connection with the Business Combination and repayment of callable debt in conjunction with the Business Combination.
Proceeds of the Loan. Borrower shall apply the Loan Amount solely for the purposes set forth in SECTION 2.3 hereof.
Proceeds of the Loan. The proceeds of the Loan made to the Borrower under this Agreement shall be used by the Borrower to fund future growth, stock repurchases, and other general corporate purposes.
Proceeds of the Loan. A. The principal amount of the Loan(s) shall be dispersed to the Borrower on the Funding Date to the bank account of the Borrower as noted in the Drawdown Notice or as specified by the Borrower to the Lender from time to time
Proceeds of the Loan. The Loan is subject to the provisions hereinafter set forth and shall mature on the Maturity Date. Borrower acknowledges that the net proceeds of the Loan to be received from Lender is in accordance with a loan settlement statement executed at closing by Lender and Borrower (the “Closing Statement”).
Proceeds of the Loan. The proceeds of the Loan shall be used by the Borrower only for the purposes described in the preamble hereto.
Proceeds of the Loan. The Bank shall, upon the Company's satisfaction of the conditions specified in Article IV of this Agreement, make the entire principal amount of the Loan available to the Company before 12:00 Noon (Philadelphia, Pennsylvania time) on the Loan Date in Dollars in immediately available funds at the bank (and for credit to the account of the Company at such bank designated by the Company) designated by the Company in the Notice of Borrowing.
Proceeds of the Loan. On the Closing Date, the proceeds of the Loan shall be applied by Borrower, either directly or by making a capital contribution to Opco to (i) finance the consideration payable on the Closing Date in connection with the ACN Acquisition, (ii) fund the payment of the conversion price to dissenting stockholders of Borrower in connection with the approval of the ACN Acquisition and (iii) pay Transaction Costs.
Proceeds of the Loan. The proceeds of the Loans shall be used by the Borrower only for the purposes described in the preamble hereto.
Proceeds of the Loan. The proceeds of the Loan made to the Borrower under this Agreement shall be used by the Borrower to fund the acquisition and merger of PSB Bancshares, Inc. (an Alabama bank holding company whose primary holding is 100% of the common stock of Peoples Southern Bank, Cxxxxxx, Alabama (“PSB”)) into the Borrower.
