Common use of Use of Advances Clause in Contracts

Use of Advances. utilize the proceeds of all Advances for the Companies' own business purposes; and not permit such proceeds to be used, directly or indirectly, by any other Person or for any other purpose;

Appears in 9 contracts

Sources: Credit Agreement (Village Farms International, Inc.), Credit Agreement (Aurora Cannabis Inc), Credit Agreement (Aurora Cannabis Inc)

Use of Advances. in the case of the Companies, utilize the proceeds of all Advances in accordance with Section 2.02 for the business purposes of the Companies' own business purposes; and not permit such proceeds to be used, directly or indirectly, by any other Person or for any other purpose;

Appears in 3 contracts

Sources: Credit Agreement (Tilray Brands, Inc.), Credit Agreement (Tilray Brands, Inc.), Credit Agreement (Tilray Brands, Inc.)

Use of Advances. (i) utilize the proceeds of all Advances for the Companies' own business purposes; and not permit such proceeds to be used, directly or indirectly, by any other Person or for any other purpose; and (ii) utilize the proceeds of Facility C solely for the purposes set out in Section 3.03(b);

Appears in 2 contracts

Sources: Credit Agreement (Village Farms International, Inc.), Credit Agreement (Village Farms International, Inc.)

Use of Advances. utilize the proceeds of all Advances for the Companies' ’ own business purposes; and not permit such proceeds to be used, directly or indirectly, by any other Person or for any other purpose;

Appears in 1 contract

Sources: Fourth Amended and Restated Credit Agreement (Village Farms International, Inc.)

Use of Advances. (i) utilize the proceeds of all Advances for the Companies' ’ own business purposes; and not permit such proceeds to be used, directly or indirectly, by any other Person or for any other purpose;; and (ii) utilize the proceeds of Facility C solely for the purposes set out in Section 3.03(b).

Appears in 1 contract

Sources: Third Amended and Restated Credit Agreement (Village Farms International, Inc.)

Use of Advances. utilize the proceeds of all Advances in accordance with Section 2.02 for the business purposes of the Companies' own business purposes; and not permit such proceeds to be used, directly or indirectly, by any other Person or for any other purpose;

Appears in 1 contract

Sources: Credit Agreement (Tilray, Inc.)