Common use of Use of Proceeds of Acquisition Loans Clause in Contracts

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.

Appears in 1 contract

Sources: Credit Agreement (Zhone Technologies Inc)

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.

Appears in 1 contract

Sources: Credit Agreement (Zhone Technologies Inc)