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Common use of Use of Facility Clause in Contracts

Use of Facility. The Loan will be used for the purposes specified in the Recital.

Appears in 5 contracts

Sources: Secured Term Loan Facility Agreement (Teekay Tankers Ltd.), Senior Secured Revolving Credit Facility Agreement, Secured Term Loan Facility Agreement

Related Clauses

  • Use of Facilities
  • Use of Facilities and Services
  • Use of Facilities and Equipment
  • Use of Logos
  • No Dedication of Facilities

Parent Clauses

  • Representations and Warranties
  • The Debt Consolidation Facility
  • COVENANTS
  • Obligations of the Medical Group
  • AFFIRMATIVE COVENANTS

Sub-Clauses

  • Events of Default
  • –Leverage Ratio
  • Reliance by Administrative Agent
  • Sanctions
  • Rights as a Lender
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