Use of Proceeds. will, and will cause each Subsidiary to, use the proceeds of the Advances for s general corporate purposes, including to finance the Borrowers and their Subsidiaries working capital needs, and for Permitted Acquisitions; provided that:
Proceeds from the sale of stock pursuant to options granted under this Plan shall constitute general funds of the Company.
Use of Proceeds. The Corporation shall use the Subscription Amount to make a partial prepayment of debt under that certain Credit Agreement, dated and amended , by and among Pioneer Intermediate, Inc., Pioneer Investment, Inc. and its subsidiaries, the Lenders party thereto, and Wells Fargo Bank, N.A. as administrative agent.
Use of Proceeds. The Company will use the proceeds from the sale of the Securities as described in the Prospectus Supplement.
Use of Proceeds. The Borrower will use the proceeds of the Term Loans solely for the purposes described in the recital paragraphs to this Agreement.
Use of Proceeds. Except as set forth in the Prospectus Supplement, 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. The Company will, and will cause each other Borrower to, use the proceeds of the applicable Credit Extensions for general company purposes of the Company and its Subsidiaries (including non-hostile acquisitions to the extent permitted hereunder and refinancing Debt under the Existing Credit Agreement and, with respect to the proceeds of the Term Loan, under the Companys 5.65% Senior Notes due ). The Company will not, and will not permit any other Borrower to, use any part of the proceeds of any Credit Extension hereunder to purchase or carry any margin stock or to extend credit to others for the purpose of purchasing or carrying any margin stock. If requested by any Lender, the Company will, and will cause each Borrowing Subsidiary to, furnish to any Lender in connection with any Loan hereunder a statement in conformity with the requirements of Federal Reserve Form U-1 referred to in Regulation U.
Use of Proceeds. Borrower shall use the proceeds of the Credit Extensions solely as working capital and to fund its general business requirements and not for personal, family, household or agricultural purposes.
Incremental Facility Amendments; Use of Proceeds. Each Incremental Facility will become effective pursuant to an amendment (each, an “Incremental Amendment”) to this Agreement and, as appropriate, the other Loan Documents, executed by the and each Person providing such Incremental Facility and the Administrative . The Administrative will promptly notify each as to the effectiveness of each Incremental Amendment. Incremental Amendments may, without the consent of any other Lenders, effect such amendments to this Agreement and the other Loan Documents as may be necessary or appropriate, in the reasonable opinion of the in consultation with the Administrative , to effect the provisions of this [Section 2.16] and, to the extent practicable, to make an Incremental Loan fungible (including for tax purposes) with other Loans (subject to the limitations under sub-clauses [(g) and (h)])] of this Section) to the extent practicable. Without limiting the foregoing, an Incremental Amendment may # extend or add “call protection” to any existing tranche of Term Loans, including amendments to [Section 2.11(g), and (ii)])] amend the schedule of amortization payments relating to any existing tranche of Term Loans, including amendments to [Section 2.09(a)] (provided, that any such amendment shall not decrease any amortization payment to any that would have otherwise been payable to such prior to the effectiveness of the applicable Incremental Amendment), in the case of each [clause (i) and (ii)])], so that such Incremental Term Loans and the applicable existing Term Loans form the same Class of Term Loans; provided, that such amendments are not adverse to the existing Term Loan Lenders (as determined in good faith by the ). Each of the parties hereto hereby agrees that, upon the effectiveness of any Incremental Amendment, this Agreement and the other Loan Documents, as applicable, will be amended to the extent necessary to reflect the existence and terms of the Incremental Facility and the Incremental Term Loans evidenced thereby. This [Section 2.16] shall supersede any provisions in [[Section 2.15 or 11.01]1]] to the contrary. The may use the proceeds of the Incremental Loans for any purpose not prohibited by this Agreement.
Proceeds. The Seller acknowledges that all Collections received by it or its Affiliates with respect to the Transferred Assets (other than Excluded Amounts) (the Proceeds) Conveyed to the Purchaser are held and shall be held in trust for the benefit of the Purchaser and its assignees until deposited into the Interest Collection Subaccount or the Principal Collection Subaccount. The Seller shall promptly remit to the Purchaser or the Purchasers designee any payment or any other sums relating to, or otherwise payable on account of, the Transferred Assets (other than Excluded Amounts) that the Seller receives after the Closing Date.
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