Use of Proceeds. The [[Organization A:Organization]] will use the proceeds of the Loans to refinance the [[Organization A:Organization]]’s existing term loans outstanding pursuant to the Citibank Term Loan Agreement.
Use of Proceeds. The Company shall use the proceeds from the sale of the Purchase Securities solely for general corporate purposes.
Use of Proceeds Each Borrower shall use the proceeds of the Credit Extensions for # general working capital needs and capital expenditures # the replacement and refinancing of outstanding indebtedness under the Existing Term Loan Credit Agreement, # subject to the proviso below, the purchase or other acquisition by of shares of its capital stock and related preferred stock purchase rights to the extent permitted by [Section 7.04(c), and (d)])] other lawful corporate purposes (including Acquisitions) other than, directly or indirectly, # for purposes of undertaking an Acquisition or Joint Venture in contravention of any Law or of any Loan Document, # to purchase or carry Margin Stock, # to repay or otherwise refinance indebtedness of any Borrower or others incurred to purchase or carry Margin Stock, # to extend credit for the purpose of purchasing or carrying any Margin Stock, or # to acquire any security in a transaction that is actively opposed by the board of directors (or similar governing body) of the selling Persons or the Persons whose securities are to be acquired; provided, however, that notwithstanding [clauses (ii) through (v) above], may use proceeds of Loans as described in [clause (c) above] so long as either # the Margin Stock so acquired is promptly retired following the purchase or other acquisition thereof or # at all times and after giving effect to each such purchase or acquisition, not more than twenty five percent (25%) of the consolidated total assets of the Borrowers and their Subsidiaries on a consolidated basis are represented by Margin Stock owned by the Borrowers and their Subsidiaries on a consolidated basis.
Applications of Proceeds. The proceeds of any such sale, lease, or other disposition of the Collateral hereunder shall be applied first, to the expenses of retaking, holding, storing, processing and preparing for sale, selling, and the like (including, without limitation, any taxes, fees and other costs incurred in connection therewith) of the Collateral, to the reasonable attorneys’ fees and expenses incurred by the Secured Parties in enforcing their rights hereunder and in connection with collecting, storing and disposing of the Collateral, and then to satisfaction of the Obligations, and to the payment of any other amounts required by applicable law, after which the Secured Parties shall pay to the Obligor any surplus proceeds. If, upon the sale, license, or other disposition of the Collateral, the proceeds thereof are insufficient to pay all amounts to which the Secured Parties are legally entitled, the Obligor will be liable for the deficiency, together with interest thereon, at the rate of 15% per annum or such lesser amount permitted by applicable law (the “Default Rate”), and the reasonable fees of any attorneys employed by the Secured Parties to collect such deficiency. To the extent permitted by applicable law, the Obligor waives all claims, damages, and demands against the Secured Parties arising out of the repossession, removal, retention or sale of the Collateral, unless due to the gross negligence or willful misconduct of the Secured Parties.
Use of Proceeds. Use the proceeds of the Loans made and Letters of Credit issued hereunder for any purpose inconsistent with [Section 3.2(d)] hereof.
Use of Proceeds. Use the proceeds of the Tranche B-1 Term Loans incurred on the Amendment No. 1 Funding Date solely to refinance in full the Initial Term Loans outstanding on such date. The Borrowers used the proceeds of the 2021-1 Incremental Term Loans incurred on the Amendment No. 3 Funding Date # to finance the Coventya Acquisition, # to pay transaction costs, fees and expenses incurred in connection with the Coventya Acquisition and Amendment No. 3 and # with respect to any remaining amounts, for general corporate purposes. The Borrowers used the proceeds of the 2023 Incremental Tranche A Term Loans incurred on the Amendment No. 7 Funding Date to # finance, in part, the Amendment No. 7 Transaction, # pay transaction costs, fees and expenses incurred in connection with the Amendment No. 7 Transaction and Amendment No. 7 and # with respect to any remaining amounts, for general corporate purposes. The Borrowers will use the proceeds of the Tranche B-2 Term Loans incurred on the Amendment No. 8 Funding Date to # repay, in full, including via cashless settlement, the Tranche B-1 Term Loans outstanding on the Amendment No. 8 Funding Date, # repay, in full, the 2023 Incremental Tranche A Term Loans outstanding on the Amendment No. 8 Funding Date, # pay transaction costs, fees and expenses incurred in connection with Amendment No. 8 and # with respect to any remaining amounts, for general corporate purposes. The Borrowers will use the proceeds of the Tranche B-3 Term Loans incurred on the Amendment No. 9 Funding Date to # repay, in full, including via cashless settlement, the Tranche B-2 Term Loans outstanding on the Amendment No. 9 Funding Date, # pay transaction costs, fees and expenses incurred in connection with Amendment No. 9 and # with respect to any remaining amounts, for general corporate purposes. The Borrowers will use the proceeds of the Revolving Credit Loans made for general corporate purposes. The Borrowers shall be entitled to request the issuance of Letters of Credit to support payment obligations incurred in the ordinary course of business by the Borrowers or the Restricted Subsidiaries.
Use of Proceeds. Use the proceeds of any Credit Extension, whether directly or indirectly, and whether immediately, incidentally or ultimately, to purchase or carry margin stock (within the meaning of Regulation U of the FRB) or to extend credit to others for the purpose of purchasing or carrying margin stock or to refund Indebtedness originally incurred for such purpose.
#[[Organization F:Organization]] agrees to collect and enforce payment of all Collateral until the [[Organization G:Organization]] shall direct [[Organization F:Organization]] to the contrary. Immediately upon notice to [[Organization F:Organization]] by the [[Organization G:Organization]] and at all times after that, [[Organization F:Organization]] agrees to fully and promptly cooperate and assist the [[Organization G:Organization]] in the collection and enforcement of all Collateral and to hold in trust for the [[Organization G:Organization]] all payments received in connection with Collateral and from the sale, lease or other disposition of any Collateral, all rights by way of suretyship or guaranty and all rights in the nature of a lien or security interest which [[Organization F:Organization]] now or later has regarding Collateral. Immediately upon and after such notice, [[Organization F:Organization]] agrees to # endorse to the [[Organization G:Organization]] and immediately deliver to the [[Organization G:Organization]] all payments received on Collateral or from the sale, lease or other disposition of any Collateral or arising from any other rights or interests of [[Organization F:Organization]] in the Collateral, in the form received by [[Organization F:Organization]] without commingling with any other funds, and # immediately deliver to the [[Organization G:Organization]] all property in [[Organization F:Organization]]’s possession or later coming into [[Organization F:Organization]]’s possession through enforcement of [[Organization F:Organization]]’s rights or interests in the Collateral. [[Organization F:Organization]] irrevocably authorizes the [[Organization G:Organization]] or any employee or agent of the [[Organization G:Organization]] to endorse the name of [[Organization F:Organization]] upon any checks or other items which are received in payment for any Collateral, and to do any and all things necessary in order to reduce these items to money. The [[Organization G:Organization]] shall have no duty as to the collection or protection of Collateral or the proceeds of it, nor as to the preservation of any related rights, beyond the use of reasonable care in the custody and preservation of Collateral in the possession of the [[Organization G:Organization]]. [[Organization F:Organization]] agrees to take all steps necessary to preserve rights against prior parties with respect to the Collateral. Nothing in this Section 4(a) shall be deemed a consent by the [[Organization G:Organization]] to any sale, lease or other disposition of any Collateral.
Use of Proceeds. Except as set forth on [Schedule 4.7] attached hereto, the Company shall use the net proceeds from the sale of the Securities hereunder for working capital purposes and shall not use such proceeds: # for the satisfaction of any portion of the Company’s debt (other than payment of trade payables in the ordinary course of the Company’s business and prior practices), # for the redemption of any Common Stock or Common Stock Equivalents, # for the settlement of any outstanding litigation or # in violation of FCPA or OFAC regulations.
Use of Proceeds. Use, or permit any of its Subsidiaries to use, any proceeds of any Advance for the purpose of purchasing or carrying margin stock (within the meaning of Regulation U issued by the Board of Governors of the Federal Reserve System), or to extend credit to others for such purpose, if, following application of the proceeds of such Advance, more than 25% of the value of the assets of the [[Organization A:Organization]] only or of the [[Organization A:Organization]] and its Subsidiaries on a consolidated basis, or, during any period in which any Advance made to a Borrowing Subsidiary is outstanding, of such Borrowing Subsidiary only or of such Borrowing Subsidiary and its Subsidiaries on a consolidated basis, which are subject to the restrictions of Section 5.02(a) or subject to any restriction contained in any agreement or instrument between the [[Organization A:Organization]] and any Lender or any Affiliate of any Lender, relating to Debt and within the scope of [Section 6.01(d)] (without giving effect to any limitation in principal amount contained therein) will be margin stock (as defined in such Regulation U) ; or request any Borrowing, or use, or permit its Subsidiaries and its or their respective directors, officers and employees to use, the proceeds of any Borrowing # in furtherance of an offer, payment, promise to pay, or authorization of the payment or giving of money, or anything else of value, to any Person in violation of any Anti-Corruption Laws, # in any manner that would result in the violation of Sanctions, for the purpose of funding, financing or facilitating any activities, business or transaction of or with any Sanctioned Person, or in any Sanctioned Country, or # in any manner that would result in the violation of any Sanctions applicable to any party hereto.
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