Common use of Legal Investments; Use of Proceeds Clause in Contracts

Legal Investments; Use of Proceeds. The Loan Parties will use the proceeds from the sale of the Notes to pay a portion of the purchase consideration for the Acquisition. The Loan Parties are not engaged in the business of extending credit for the purpose of purchasing or carrying any “margin stock” or “margin security” (within the meaning of Regulations T, U or X issued by the Board of Governors of the Federal Reserve System), and no proceeds of the sale of the Notes will be used to purchase or carry any margin stock or margin security or to extend credit to others for the purpose of purchasing or carrying any margin stock or margin security.

Appears in 2 contracts

Samples: Note and Equity Purchase Agreement (Mirion Technologies, Inc.), Note and Equity Purchase Agreement (Mirion Technologies, Inc.)

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Legal Investments; Use of Proceeds. The Loan Parties will use the proceeds from the sale of the Notes to pay a portion of the purchase consideration for the Acquisitionrefinance existing debt in conjunction with obtaining new senior financing. The Loan Parties are not engaged in the business of extending credit for the purpose of purchasing or carrying any "margin stock" or "margin security" (within the meaning of Regulations T, U or X issued by the Board of Governors of the Federal Reserve System), and no proceeds of the sale of the Notes will be used to purchase or carry any margin stock or margin security or to extend credit to others for the purpose of purchasing or carrying any margin stock or margin security.

Appears in 1 contract

Samples: Note and Equity Purchase Agreement (Igi Inc)

Legal Investments; Use of Proceeds. The Loan Parties will use the proceeds from the sale of the Notes to pay a portion of repay the purchase consideration for the AcquisitionExisting Senior Debt. The Loan Parties are not engaged in the business of extending credit for the purpose of purchasing or carrying any "margin stock" or "margin security" (within the meaning of Regulations T, U or X issued by the Board of Governors of the Federal Reserve System), and no proceeds of the sale of the Notes will be used to purchase or carry any margin stock or margin security or to extend credit to others for the purpose of purchasing or carrying any margin stock or margin security.

Appears in 1 contract

Samples: Note Purchase Agreement (Numatics Inc)

Legal Investments; Use of Proceeds. The Loan Parties will use the proceeds from the sale of the Notes to refinance certain existing indebtedness and pay a portion of the purchase consideration for the Acquisitioncertain transaction expenses related thereto. The Loan Parties are not engaged in the business of extending credit for the purpose of purchasing or carrying any "margin stock" or "margin security" (within the meaning of Regulations T, U or X issued by the Board of Governors of the Federal Reserve System), and no proceeds of the sale of the Notes will be used to purchase or carry any margin stock or margin security or to extend credit to others for the purpose of purchasing or carrying any margin stock or margin security.

Appears in 1 contract

Samples: Note and Equity Purchase Agreement (Corrpro Companies Inc /Oh/)

Legal Investments; Use of Proceeds. The Loan Parties will use the proceeds from the sale of the Notes to refinance certain existing indebtedness and pay a portion of the purchase consideration for the Acquisitioncertain transaction expenses related thereto. The Loan Parties are not engaged in the business of extending credit for the purpose of purchasing or carrying any “margin stock” or “margin security” (within the meaning of Regulations T, U or X issued by the Board of Governors of the Federal Reserve System), and no proceeds of the sale of the Notes will be used to purchase or carry any margin stock or margin security or to extend credit to others for the purpose of purchasing or carrying any margin stock or margin security.

Appears in 1 contract

Samples: Note and Equity Purchase Agreement (American Capital Strategies LTD)

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Legal Investments; Use of Proceeds. The Loan Parties will use the proceeds from the sale of the Senior Term Notes to pay a portion of effect the purchase consideration for the AcquisitionRefinancing. The Loan Parties are not engaged in the business of extending credit for the purpose of purchasing or carrying any “margin stock” or “margin security” (within the meaning of Regulations T, U or X issued by the Board of Governors of the Federal Reserve System), and no proceeds of the sale of the Senior Term Notes will be used to purchase or carry any margin stock or margin security or to extend credit to others for the purpose of purchasing or carrying any margin stock or margin security.

Appears in 1 contract

Samples: Note Purchase Agreement (Rocky Brands, Inc.)

Legal Investments; Use of Proceeds. The Loan Parties will use the proceeds from the sale Loans to provide for the ongoing working capital and general corporate requirements of the Notes to pay a portion of the purchase consideration for the AcquisitionLoan Parties. The Loan Parties are not engaged in the business of extending credit for the purpose of purchasing or carrying any “margin stock” or “margin security” (within the meaning of Regulations T, U or X issued by the Board of Governors of the Federal Reserve System), and no proceeds of the sale of the Notes Loans will be used to purchase or carry any margin stock or margin security or to extend credit to others for the purpose of purchasing or carrying any margin stock or margin security.

Appears in 1 contract

Samples: Loan and Security Agreement (Rocky Brands, Inc.)

Legal Investments; Use of Proceeds. The Loan Parties will use the proceeds from the sale of the Senior Term Notes to pay a portion of the purchase consideration for partially finance the Acquisition. The Loan Parties are not engaged in the business of extending credit for the purpose of purchasing or carrying any "margin stock" or "margin security" (within the meaning of Regulations T, U or X issued by the Board of Governors of the Federal Reserve System), and no proceeds of the sale of the Senior Term Notes will be used to purchase or carry any margin stock or margin security or to extend credit to others for the purpose of purchasing or carrying any margin stock or margin security.

Appears in 1 contract

Samples: Note Purchase Agreement (Rocky Shoes & Boots Inc)

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