Common use of Ineligible Securities Clause in Contracts

Ineligible Securities. Borrowers do not intend to use and shall not use any portion of the proceeds of the Advances, directly or indirectly, to purchase during the underwriting period, or for 30 days thereafter, Ineligible Securities being underwritten by a securities Affiliate of Agent or any Lender.

Appears in 23 contracts

Samples: Revolving Credit and Security Agreement (Virco MFG Corporation), Guaranty and Security Agreement (Dril-Quip Inc), Security Agreement (Dril-Quip Inc)

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Ineligible Securities. Borrowers and its Subsidiaries do not intend to use and shall not use any portion of the proceeds of the Advances, directly or indirectly, to purchase during the underwriting period, or for 30 days thereafter, Ineligible Securities being underwritten by a securities Affiliate of Agent or any Lender.

Appears in 6 contracts

Samples: Security Agreement (PHI Group, Inc./De), Security Agreement (PHI Group, Inc./De), Security Agreement (PHI Group, Inc./De)

Ineligible Securities. Borrowers do not intend to use and shall not use any portion of the proceeds of the Advances, directly or indirectly, to purchase during the underwriting period, or for 30 thirty (30) days thereafter, Ineligible Securities being underwritten by a securities Affiliate of Agent or any Lender.

Appears in 3 contracts

Samples: Revolving Credit and Security Agreement (Great Lakes Dredge & Dock CORP), Credit and Security Agreement (Ferroglobe PLC), Credit and Security Agreement (Great Lakes Dredge & Dock CORP)

Ineligible Securities. Borrowers and its Subsidiaries do not intend to use and shall not use any portion of the proceeds of the Advances, directly or indirectly, to purchase during the underwriting period, or for 30 days thereafter, Ineligible Securities being underwritten by a securities Affiliate of Agent or any Lender.. [PHI Group] Revolving Credit, Term Loan and Security Agreement

Appears in 2 contracts

Samples: Loan and Security Agreement (PHI Group, Inc./De), Loan and Security Agreement (PHI Group, Inc./De)

Ineligible Securities. Borrowers do not intend to use and shall not use any portion of the proceeds of the Advances, directly or indirectly, to purchase during the underwriting period, or for 30 thirty (30) days thereafter, Ineligible Securities being underwritten by a securities Affiliate of Agent or any Lender. [Intentionally Omitted].

Appears in 1 contract

Samples: Revolving Credit and Security Agreement (Great Lakes Dredge & Dock CORP)

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Ineligible Securities. Borrowers do not intend to use and shall not use any portion of the proceeds of the AdvancesLoans, directly or indirectly, to purchase during the underwriting period, or for 30 thirty (30) days thereafter, Ineligible Securities being underwritten by a securities Affiliate of Agent or any Lender.

Appears in 1 contract

Samples: Second Lien Credit Agreement (Great Lakes Dredge & Dock CORP)

Ineligible Securities. Borrowers do not intend to use and shall not use any portion of the proceeds of the Advances, directly or indirectly, to purchase during the underwriting period, or for 30 days thereafter, Ineligible Securities being underwritten by a securities Affiliate of Agent Lender or any Lenderby Lxxxxx.

Appears in 1 contract

Samples: Security Agreement (Quality Gold Holdings, Inc.)

Ineligible Securities. 80 147420493 158492473 . Borrowers do not intend to use and shall not use any portion of the proceeds of the Advances, directly or indirectly, to purchase during the underwriting period, or for 30 days thereafter, Ineligible Securities being underwritten by a securities Affiliate of Agent or any Lender.. 5.23 [Reserved]. 5.24

Appears in 1 contract

Samples: Credit and Security Agreement (Virco MFG Corporation)

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