Revolving Loan Proceeds Sample Clauses

Revolving Loan Proceeds. All proceeds of the Revolving Loans incurred hereunder shall be used by the Borrower for ongoing working capital needs and general corporate purposes (other than to voluntarily prepay Term Loans).
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Revolving Loan Proceeds. All proceeds of the Revolving Loans incurred hereunder shall be used by Company and its ------------------------- Subsidiaries for ongoing working capital needs and general corporate purposes.
Revolving Loan Proceeds. All proceeds of the Revolving Loans incurred hereunder shall be used by Borrowers to provide the funds necessary to finance the Refinancing and to pay certain fees and expenses incurred in connection with the Refinancing, to finance Permitted Acquisitions and to pay fees and expenses relating thereto and for ongoing working capital needs and general corporate purposes.
Revolving Loan Proceeds. All proceeds of the Revolving Loans incurred hereunder shall be used by the Borrower (x) to finance, in part, the Transaction and (y) for ongoing working capital needs and general corporate purposes (other than to voluntarily prepay any Term Loan).
Revolving Loan Proceeds. All proceeds of the Revolving Loans incurred hereunder shall be used by Borrower (y) to refinance, in part, all Borrower's indebtedness and obligations under the Existing Credit Agreement and (z) for ongoing working capital needs and general corporate purposes.
Revolving Loan Proceeds. The Borrower shall not, and shall not permit any Subsidiary to, use any part of the proceeds of the Revolving Loan or Advances directly or indirectly, and whether immediately, incidentally, or ultimately, (a) to purchase or carry margin stock (as defined in Regulation U of the Board) or to extend credit to others for the purpose of purchasing or carrying margin stock or to refund Indebtedness originally incurred for such purpose or (b) for any purpose that entails a violation of, or that is inconsistent with, the provisions of Regulations U or X of the Board.
Revolving Loan Proceeds. Proceeds of the Revolving Loans shall be used (i) for the general working capital purposes of the Loan Parties, (ii) to make advances to the Hospital Entities under Intercompany Notes for the general working capital needs of the Hospital Entities or (iii) to finance the construction, development or acquisition of a health care facility that has been approved in writing by Agent at the direction of the Required Lenders.
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Revolving Loan Proceeds. All proceeds of the Revolving Loans incurred hereunder shall be used by Company and its Subsidiaries for ongoing working capital needs, acquisitions, share repurchases, and other general corporate purposes, including, but not limited to, (i) the refinancing in full of the Revolving Loans (as defined hereunder immediately prior to giving effect to the SecondFifth Amendment) and (ii) to pay fees and expenses incurred in connection with the SecondFifth Amendment or any transactions contemplated by or otherwise permitted under this Agreement.
Revolving Loan Proceeds. All proceeds of the Revolving Loans incurred hereunder shall be used by Borrowers and Canadian Borrowers, as applicable, for ongoing 109 working capital needs and general corporate purposes to the extent not in violation of any Requirement of Law applicable to any Credit Party or any Lender including, without limitation, to finance the Company Refinancing and to finance Permitted Acquisitions by Company and its Subsidiaries.

Related to Revolving Loan Proceeds

  • Revolving Loan Facility On the terms and subject to the conditions of this Agreement, each Revolving Lender severally agrees to advance to the Borrower from time to time during the period beginning on the Effective Date up to, but not including the Termination Date, such loans in Dollars as the Borrower may request under this Section 2.01(b) (individually, a “Revolving Loan”); provided, however, that (i) the sum of (A) the Effective Amount of all Revolving Loans made by such Lender at any time outstanding and (B) such Lender’s Revolving Proportionate Share of the Effective Amount of all L/C Obligations and all Swing Line Loans at any time outstanding shall not exceed such Lender’s Revolving Loan Commitment at such time and (ii) the sum of (A) the Effective Amount of all Revolving Loans made by all of the Revolving Lenders at any time outstanding and (B) the Effective Amount of all L/C Obligations and Swing Line Loans at any time outstanding shall not exceed the Revolving Loan Facility at such time. All Revolving Loans shall be made on a pro rata basis by the Revolving Lenders in accordance with their respective Revolving Proportionate Shares, with each Revolving Loan Borrowing to be comprised of a Revolving Loan by each Revolving Lender equal to such Lender’s Revolving Proportionate Share of such Revolving Loan Borrowing. Except as otherwise provided herein, the Borrower may borrow, repay and reborrow Revolving Loans until the Termination Date in respect of the Revolving Loan Facility.

  • Term Loan Advances Subject to Section 2.3(b), the principal amount outstanding for each Term Loan Advance shall accrue interest at a floating per annum rate equal to the Prime Rate, plus three-quarters of one percent (0.75%), which interest shall be payable monthly in accordance with Section 2.1.2(b) above and Section 2.3(d) below.

  • Loan Commitment Disbursement to Borrower Except as expressly and specifically set forth herein, Lender has no obligation or other commitment to loan any funds to Borrower or otherwise make disbursements to Borrower. Borrower hereby waives any right Borrower may have to make any claim to the contrary.

  • Revolving Loans The Borrower shall repay to the Lenders on the Maturity Date the aggregate principal amount of all Revolving Loans outstanding on such date.

  • Revolving Loan Prepayments (i) In the event of the termination of all the Revolving Commitments, Borrower shall, on the date of such termination, repay or prepay all its outstanding Revolving Borrowings and all outstanding Swingline Loans and replace all outstanding Letters of Credit or cash collateralize all outstanding Letters of Credit in accordance with the procedures set forth in Section 2.18(i).

  • Revolving Loan Commitments Lender will make loans to Borrower on a revolving basis (“Revolving Loans”) from time to time and Borrower may repay such loans from time to time until the Termination Date in such amounts as Borrower may request from Lender; provided, that after giving effect to such Revolving Loans, the Revolving Loans outstanding will not at any time exceed the Borrowing Availability.

  • Revolving Loan Commitment Each Lender with a Revolving Loan Commitment agrees to make loans on a revolving basis (“Revolving Loans”) from time to time until the Termination Date in such Lender’s Pro Rata Share of such aggregate amounts as the Company may request from all Lenders; provided that the Revolving Outstandings will not at any time exceed Revolving Loan Availability.

  • Revolving Loan Notes The Revolving Loans made by the Lenders to a Borrower shall be evidenced, upon request by any Lender, by a promissory note of such Borrower payable to each Lender in substantially the form of Exhibit 2.7(a) hereto (the “Revolving Loan Notes”) and in a principal amount equal to the amount of such Lender’s Commitment Percentage of the Revolving Loan Commitment as originally in effect.

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