Purposes of Loans. 10 2.14 Certain limitations on Revolving Credit Loan Advances...........10 SECTION III SECURITY FOR THE LOANS..........................................11
Purposes of Loans. The Borrower shall use the proceeds of all Loan solely to acquire Partnership Interests, provided, that, the Borrower may not apply any proceeds from any Revolving Credit Loan to the purchase of any Partnership Interests unless the Borrower shall first have advised the Lender of the specific Partnership Interests that the Borrower intends to acquire with the proceeds of that Revolving Credit Loan, and the Lender shall, in its discretion, have approved the purchase price of those Partnership Interests.
Purposes of Loans. The proceeds of the Loans shall be used by the Borrower to refinance the indebtedness outstanding on the date hereof under the Existing Credit Agreement and to pay costs and expenses in connection with such refinancing.
Purposes of Loans. 14 4.4. Financial Condition.........................................14 4.5.
Purposes of Loans. The proceeds of the Loans may be used by the Borrower to make Permitted Purchases and general corporate purposes (including any Investment permitted under the terms hereof), including the payment of fees and expenses incurred in connection with the execution and delivery of this Agreement. 51
Purposes of Loans. Notwithstanding the provisions of Section 7.10 of the Incorporated Covenants, the proceeds of the Loans shall be used solely for the purposes provided in Section 6.2 hereof.
Purposes of Loans. 4.01 Use of Proceeds --------------- The Borrower will not use the proceeds of any Loans for any purposes other than:
Purposes of Loans. The Term Loan shall be utilized solely for (i) the purchase by Eateries of up to 1,056,200 of its issued and outstanding shares at a price not to exceed $5.125 per share, such shares to be held as treasury stock by Eateries and not to at any time constitute "margin stock" or otherwise cause Borrowers or Lender to be in violation of Section 3.m. of this Agreement, (ii) refinance existing indebtedness of Borrowers with NationsBank, N.A., and (iii) such other purposes as may be approved by Lender. The Line shall be used (i) to refinance the existing revolving facility of Borrowers with NationsBank, N.A. and (ii) for general corporate purposes of Borrowers, but shall not be used for the purchase by Eateries of any of its shares. In addition, Borrowers will:
Purposes of Loans. The proceeds of the Term Loans shall be used by the Borrower to finance, in part, the acquisition of substantially all of the assets of The Travel Channel (and $2,000,000 of such Loans shall be used by the Borrower to pay interest due on the Loans pursuant to the terms hereof) and the proceeds of the Revolving Credit Loans shall be used by the Borrower for working capital purposes.
Purposes of Loans. The proceeds of the Loans may be used by the Borrower to make Preapproved Acquisitions and Permitted Purchases, and not more than $10,000,000 of the Loans at any time outstanding may be used for working capital (excluding Acquisition Capital Expenditures) and other general corporate purposes, including the payment of fees and expenses incurred in connection with the execution and delivery of this Agreement.
