Common use of Use of Loan Proceeds and Letters of Credit Clause in Contracts

Use of Loan Proceeds and Letters of Credit. (a) Proceeds of all Loans shall be used solely by the Borrowers for general corporate purposes, acquisitions and working capital. (b) Letters of Credit shall be used solely by the Borrowers for general corporate purposes.

Appears in 2 contracts

Sources: Credit Agreement (KCS Energy Inc), Credit Agreement (KCS Energy Inc)