Common use of Use of the Credit Clause in Contracts

Use of the Credit. The Credit may, subject to the restrictions set forth in Sections 8.6(a), and 8.6(h) and 8.6(r), be used to finance working capital requirements, Capital Expenditures, non-hostile acquisitions permitted under the terms of this Agreement, the repurchase of notes referred to in paragraphs (f) and, (g) and (t) of the definition of Permitted Debt, the repayment of the CMMC Bonds, Investments in CMMC Holdco, the CMMC Group Members or the CMMC-MMC Joint Venture and the general corporate requirements of the Borrower (including, for certainty, in connection with funds advanced by the Borrower to the Arizona Group) and issuance of L/Cs for such purposes, but references in this Section to the use of the Credit shall not in any way modify other provisions of this Agreement.

Appears in 1 contract

Sources: Credit Agreement (Hudbay Minerals Inc.)

Use of the Credit. The Credit may, subject to the restrictions set forth in Section Sections 8.6(a), and 8.6(h) and 8.6(rSection 8.6(h8.6(q), be used to finance working capital requirements, Capital Expenditures, non-hostile acquisitions permitted under the terms of this Agreement, the repurchase of notes referred to in paragraphs (f) and, and (g) and (t) of the definition of Permitted DebtDebt , the repayment of the CMMC Bonds, Investments in CMMC Holdco, the CMMC Group Members or the CMMC-MMC Joint Venture and the general corporate requirements of the Borrower (including, for certainty, in connection with funds advanced by the Borrower to the Arizona Group) and issuance of L/Cs for such purposes, but references in this Section to the use of the Credit shall not in any way modify other provisions of this Agreement.

Appears in 1 contract

Sources: Amending Agreement (Hudbay Minerals Inc.)

Use of the Credit. The Credit may, subject to the restrictions set forth in Section Sections 8.6(a), and 8.6(h) and 8.6(rSection 8.6(h8.6(r), be used to finance working capital requirements, Capital Expenditures, non-hostile acquisitions permitted under the terms of this Agreement, the repurchase of notes referred to in paragraphs (f) and, and (g) and (t) of the definition of Permitted DebtDebt , the repayment of the CMMC Bonds, Investments in CMMC Holdco, the CMMC Group Members or the CMMC-MMC Joint Venture and the general corporate requirements of the Borrower (including, for certainty, in connection with funds advanced by the Borrower to the Arizona Group) and issuance of L/Cs for such purposes, but references in this Section to the use of the Credit shall not in any way modify other provisions of this Agreement.

Appears in 1 contract

Sources: Amending Agreement (Hudbay Minerals Inc.)

Use of the Credit. The Credit may, subject to the restrictions set forth in Sections 8.6(a), and 8.6(h) and 8.6(r8.6(q), be used to finance working capital requirements, Capital Expenditures, non-hostile acquisitions permitted under the terms of this Agreement, the repurchase of notes referred to in paragraphs (f) and, (g) and (t) of the definition of Permitted Debt, the repayment of the CMMC Bonds, Investments in CMMC Holdco, the CMMC Group Members or the CMMC-MMC Joint Venture and the general corporate requirements of the Borrower (including, for certainty, in connection with funds advanced by the Borrower to the Arizona Group) and issuance of L/Cs for such purposes, but references in this Section to the use of the Credit shall not in any way modify other provisions of this Agreement.

Appears in 1 contract

Sources: Credit Agreement (Hudbay Minerals Inc.)