Use of Line of Credit Proceeds. Borrower shall use the proceeds of each Advance and each Letter of Credit to refinance certain existing indebtedness and for ongoing working capital purposes.
Appears in 1 contract
Sources: Credit and Security Agreement (Command Security Corp)
Use of Line of Credit Proceeds. Borrower shall use the The proceeds of each Advance and each Letter the Line of Credit will be used by Borrower to refinance certain existing indebtedness with the Existing Lender and for ongoing to support general working capital purposesof Borrower.
Appears in 1 contract
Sources: Credit Agreement (Next Inc/Tn)