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

Use of Proceeds of Term Loans. The proceeds of the Term Loans ------------------------------ shall be utilized by the Borrower only (a) to finance a portion of the consideration paid to tendering shareholders of Premisys on account of the Tendered Shares or otherwise to acquire Shares, (b) to refinance any such consideration which is paid out of equity of the Borrower or with the proceeds of loans from Zhone and (c) to pay any fees and expenses relating to the Transaction.

Use of Proceeds of Term Loans. The proceeds of the Term Loans ------------------------------ shall be utilized by the Borrower only (a) to finance a portion of the consideration paid to tendering shareholders of Premisys on account of the Tendered Shares or otherwise to acquire Shares, (b) to refinance any such consideration which is paid out of equity of the Borrower or with the proceeds of loans from Zhone and (c) to pay any fees and expenses relating to the Transaction.