The Borrower and its Subsidiaries will use the proceeds of Loans to pay (a) capital expenditures relating to the development of Oil and Gas Properties of the Credit Parties in the Designated Area, including but not limited to facilities, infield flowlines, drilling, completion, production and incidental soft costs relating thereto, (b) to finance Investments and acquisitions of Oil and Gas Properties in the Designated Area, (c) to refinance the Obligations (as defined in the Existing Credit Agreement) and (d) other general corporate purposes and payment of the Transaction Expenses.