Limitation on Use of Proceeds. The Company will apply the net proceeds received from the issuance and sale of the Securities (the "Securities Net Proceeds") toward the construction, improvement, and acquisition by the Company or one or more Restricted Subsidiaries of the Company or Joint Ventures of Telecommunications Assets of the Company, such Restricted Subsidiaries or Joint Ventures (or will advance such net proceeds to such Restricted Subsidiaries of the Company or Joint Ventures for such purpose); provided, however, pending such application, the Securities Net Proceeds may be invested in Marketable Securities. ARTICLE ELEVEN
Limitation on Use of Proceeds. Request any Loan or Letter of Credit, and the Parent Borrower shall not use, shall procure that its Subsidiaries shall not use, and shall use its reasonable best efforts to procure that its or their respective directors, officers, employees and agents shall not use, the proceeds of any Loan or Letter of Credit (a) in furtherance of an offer, payment, promise to pay, or authorization of the payment or giving of money, or anything else of value, to any Person in violation of any Anti-Corruption Laws, (b) for the purpose of funding, financing or facilitating any activities, business or transaction of or with any Sanctioned Person, or in any Sanctioned Country to the extent such activities, business or transaction would be prohibited by Sanctions if conducted by a Person organized in any jurisdiction governed by the laws of the United States, the United Kingdom or in a European Union member state in which the Parent Borrower or any of its Subsidiaries is organized from time to time, or (c) in any manner that would result in the violation of any Sanctions applicable to any party hereto.
Limitation on Use of Proceeds. Request any Loan or Letter of Credit, and the Borrower shall not use, shall procure that its Subsidiaries shall not use, and shall procure that its or their respective directors, officers, employees and agents shall not use, the proceeds of any Loan or Letter of Credit (a) in furtherance of an offer, payment, promise to pay, or authorization of the payment or giving of money, or anything else of value, to any Person in violation of any Anti-Corruption Laws, (b) for the purpose of funding, financing or facilitating any activities, business or transaction of or with any Sanctioned Person, or in any Sanctioned Country, in each case, in violation of applicable Sanctions or (c) in any manner that would result in the violation of any Sanctions applicable to any party hereto.
Limitation on Use of Proceeds. Use the proceeds of the Loan for any purpose other than (i) to pay fees, costs and expenses or otherwise make any payments owing to the Lender hereunder, (ii) to make payments to employees in the ordinary course of the Borrower's Business consistent with the Borrower's payroll practices and (iii) to make payments with respect to amounts owed pursuant to trade payables as of the date of the respective advance under the Loan.
Limitation on Use of Proceeds. The Company shall use the proceeds of the Offering in accordance with the description thereof set forth under the caption "Use of Proceeds" in the Offering Memorandum.
Limitation on Use of Proceeds. At least $95,000,000 of all proceeds (net of discounts to the Initial Purchasers and commissions and other transaction expenses as set forth in the Offering Memorandum under the caption "Use of Proceeds") received by the Company from the sale of the Securities shall be applied by the Company to Permitted Proceeds Uses. Simultaneously with the closing of the initial sale of the Securities, the net proceeds therefrom shall either be applied concurrently with the closing of the initial sale of the Securities to the purchase of properties as described under the caption "Acquisitions and Dispositions -- Pending Transactions" in the Offering Memorandum or held by the Company in a segregated account, pending the application of such net proceeds in compliance with this Section 4.16. In the event that at least $95,000,000 of such net proceeds have not been so applied by the Company within 140 days of the Issue Date, the Company shall make an unconditional and irrevocable pro rata offer to all Holders of the Securities (a "Proceeds Purchase Offer") to repurchase for cash, such Holders' outstanding Securities in an aggregate principal amount equal to the net proceeds (as determined above) from the sale of the Securities, less the amount thereof previously applied to Permitted Proceeds Uses (the "Proceeds Purchase Offer Amount"), at a purchase price (the "Proceeds Purchase Offer Price") equal to 101% of the aggregate principal amount thereof, plus accrued and unpaid interest to the date of repurchase. The Company shall keep the Proceeds Purchase Offer open for 20 Business Days following its commencement and no longer, except to the extent that a longer period is required by applicable law (the "Proceeds Purchase Offer Period"). Upon the expiration of the Proceeds Purchase Offer Period, the Company shall apply the Proceeds Purchase Offer Amount to the repurchase, on a pro rata basis, of all outstanding Securities tendered pursuant to the Proceeds Purchase Offer at the Proceeds Purchase Offer Price. Notice of a Proceeds Purchase Offer will be sent on the second Business Day immediately following the termination of the above-mentioned 140-day period, by first-class mail, by the Company to each Holder at its registered address, with a copy to the Trustee. Any notice relating to a Proceeds Purchase Offer will contain all information, instructions and materials required by applicable law or otherwise material to such Holders' decision to tender Securities pursuant to such P...
Limitation on Use of Proceeds. Permit the proceeds of the Note to be used for any purpose other than as permitted by Section 3.10 hereof.
Limitation on Use of Proceeds. (a) From and after the Effective Date, the Borrower hereby agrees that the Borrower will not make, and will cause each of its Restricted Subsidiaries not to make, any Acquisitions, including Permitted Acquisitions, using any cash proceeds of the Revolving Loans; provided, however, that the Borrower and its Restricted Subsidiaries shall be allowed to use cash proceeds of the Revolving Loans to make Permitted Acquisitions in accordance with the Credit Agreement after December 31, 2010; provided, however, that in no event shall cash proceeds of any Disposition or Recovery Event that have been used to repay the Revolving Loans (without a corresponding permanent reduction in the Revolving Commitment) be considered cash proceeds of the Revolving Loans if such cash proceeds are reborrowed to acquire replacement or substitute assets in accordance with Section 2.11(d) of the Credit Agreement.
Limitation on Use of Proceeds. Use the proceeds of Loans made or Letters of Credit issued hereunder for any purposes other than those expressly permitted pursuant to Section 5.21 of this Agreement.
Limitation on Use of Proceeds. Shall not permit any of the proceeds of the Loans to be used directly or indirectly for any purposes other than the purposes expressly set forth in this Agreement, or by any party other than Borrowers.
