Use of Proceeds of Acquisition Loans Sample Clauses

The 'Use of Proceeds of Acquisition Loans' clause defines how funds obtained through acquisition loans must be utilized by the borrower. Typically, this clause restricts the use of such loan proceeds to specific purposes, such as financing the purchase of a target company, paying related transaction costs, or refinancing certain existing debts. By clearly outlining permitted uses, the clause ensures that the lender’s funds are applied as intended, thereby reducing the risk of misuse and helping to safeguard the lender’s interests in the transaction.
Use of Proceeds of Acquisition Loans. The proceeds of the Acquisition Loans hereunder shall be used by the relevant Acquisition Borrower to (a) finance the Investment Consideration for Investments which are permitted hereunder, (b) refinance the Investment Consideration for Investments which are permitted hereunder and are made after the date hereof and (c) pay fees and expenses relating thereto.
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Use of Proceeds of Acquisition Loans. The proceeds of the ------------------------------------ Acquisition Loans shall be utilized by the Borrower only (a) to finance the purchase of Shares (including shares which are issued pursuant to the Company Option Agreement described in the Merger Agreement), (b) to pay any fees and expenses relating to the Transaction and (c) to finance interest payable on account of the Loans.
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Use of Proceeds of Acquisition Loans. The Borrower shall use the proceeds of the Acquisition Loans solely to pay Acquisition Costs as contemplated by this Agreement.
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Use of Proceeds of Acquisition Loans. The Borrower shall use (or cause to be used by its Subsidiaries) the proceeds of each Acquisition Loan solely to pay Acquisition Costs as contemplated by this Agreement. No proceeds of any Acquisition Loan may be used to make a contribution to the capital of any Subsidiary of the Borrower.
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Use of Proceeds of Acquisition Loans. The proceeds of Acquisition Loans shall be used by the Borrower to finance the Purchase Price of Permitted Acquisitions.
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Use of Proceeds of Acquisition Loans. The proceeds of Acquisition Loans shall be used by the Borrower to make Permitted Acquisitions and to refinance Revolving Loans utilized to make Permitted Acquisitions in accordance with the restriction under SECTION 2.4 hereof.
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Related to Use of Proceeds of Acquisition Loans

  • Use of Proceeds of Loans The Company shall use the proceeds of Loans for general lawful corporate purposes, including, without limitation financing working capital and capital expenditures, lending to its Subsidiaries and acquiring other Persons or businesses so long as the acquisition is approved by the board of directors of the Person being acquired.

  • Use of Proceeds of the Loan Section 3.01. The Borrower shall cause the proceeds of the Loan to be applied to the financing of expenditures on the Project in accordance with the provisions of this Loan Agreement. Section 3.02. The proceeds of the Loan shall be allocated and withdrawn in accordance with the provisions of Schedule 3 to this Loan Agreement, as such Schedule may be amended from time to time by agreement between the Borrower and ADB. Section 3.03. Except as ADB may otherwise agree, the Borrower shall procure, or cause to be procured, the items of expenditure to be financed out of the proceeds of the Loan in accordance with the provisions of Schedule 4 to this Loan Agreement. Section 3.04. Except as ADB may otherwise agree, the Borrower shall cause all items of expenditure financed out of the proceeds of the Loan to be used exclusively in the carrying out of the Project. Section 3.05. Withdrawals from the Loan Account in respect of Goods, Works, and Consulting Services shall be made only on account of expenditures relating to: (a) Goods which are produced in and supplied from and Works and Consulting Services which are supplied from such member countries of ADB as shall have been specified by ADB from time to time as eligible sources for procurement; and (b) Goods, Works, and Consulting Services which meet such other eligibility requirements as shall have been specified by ADB from time to time. Section 3.06. The Loan Closing Date for the purposes of Section 8.02 of the Loan Regulations shall be 30 June 2019 or such other date as may from time to time be agreed between the Borrower and ADB.

  • Use of Proceeds of Advances Advances of the Revolving Credit shall be used to finance working capital and other lawful corporate purposes.

  • Use of Proceeds and Letters of Credit The proceeds of the Loans will be used only (i) to refinance amounts outstanding under the Existing Credit Agreement; (ii) to pay the fees, expenses and other transaction costs of the Transactions contemplated hereby, (iii) to fund working capital needs, (iv) to fund acquisitions permitted hereunder, together with related expenses, and engage in other transactions permitted hereby, (v) to provide funding in connection with capital expenditures, (vi) to make Restricted Payments permitted hereunder and (vii) for general corporate purposes of the Borrower and its Subsidiaries. No part of the proceeds of any Loan will be used, whether directly or indirectly, for any purpose that entails a violation of any of the regulations of the Board, including Regulations T, U and X. Letters of Credit will be issued only to support the working capital needs and general corporate obligations of the Borrower and its Subsidiaries relating to their respective lines of business. The Borrower will not request any Borrowing or Letter of Credit, and the Borrower shall not use, and shall procure that its Subsidiaries and its or their respective directors, officers, employees and agents shall not use, the proceeds of any Borrowing or Letter of Credit (A) in furtherance of an offer, payment, promise to pay, or authorization of the payment or giving of money, or anything else of value, to any Person in violation of any Anti-Corruption Laws, (B) for the purpose of funding, financing or facilitating any activities, business or transaction of or with any Sanctioned Person, or in any Sanctioned Country, to the extent such activities, businesses or transaction would be prohibited by Sanctions if conducted by a corporation incorporated in the United States, or (C) in any manner that would result in the violation of any Sanctions applicable to any party hereto.

  • Use of Proceeds; Letters of Credit The Borrower will not permit the proceeds of any Advance or Letters of Credit to be used for any purpose other than those permitted by Section 5.09. The Borrower will not engage in the business of extending credit for the purpose of purchasing or carrying margin stock (within the meaning of Regulation U). Neither the Borrower nor any Person acting on behalf of the Borrower has taken or shall take, nor permit any of the Borrower’s Subsidiaries to take any action which might cause any of the Loan Documents to violate Regulation T, U or X or any other regulation of the Board of Governors of the Federal Reserve System or to violate Section 7 of the Securities Exchange Act of 1934 or any rule or regulation thereunder, in each case as now in effect or as the same may hereinafter be in effect, including without limitation, the use of the proceeds of any Advance or Letters of Credit to purchase or carry any margin stock in violation of Regulation T, U or X.