Common use of Use of Proceeds of Advances Clause in Contracts

Use of Proceeds of Advances. Each Borrower will use the proceeds of the Advances solely for general corporate purposes.

Appears in 13 contracts

Sources: 364 Day Credit Agreement (Stanley Black & Decker, Inc.), Five Year Credit Agreement (Stanley Black & Decker, Inc.), 364 Day Credit Agreement (Stanley Black & Decker, Inc.)

Use of Proceeds of Advances. Each Borrower will use the proceeds of the Advances solely for general corporate purposes, including, without limitation, for the acquisition of the ▇▇▇▇▇▇ Tools business.

Appears in 1 contract

Sources: 364 Day Credit Agreement (Stanley Black & Decker, Inc.)