The Borrower will use the proceeds of the Term Loans made on the Closing Date, together with cash on hand of the Borrower and the proceeds of the Common Stock Offering and the Series D Preferred Stock Offering to finance the Transactions, with the remainder (if any) for general corporate purposes. Revolving Loans will not be borrowed on the Closing Date. The Borrower will use the proceeds of the Revolving Loans made after the Closing Date for general corporate purposes, including ongoing working capital requirements. Letters of Credit will be used only for general corporate purposes.