Common use of Loan Proceeds Clause in Contracts

Loan Proceeds. The Borrower will not, and will not permit any Subsidiary to, use any part of the proceeds of any Loan directly or indirectly, and whether immediately, incidentally or ultimately, (a) to purchase or carry margin stock (as defined in Regulation U of the Board) or to extend credit to others for the purpose of purchasing or carrying margin stock or to refund Indebtedness originally incurred for such purpose or (b) for any purpose that entails a violation of, or that is inconsistent with, the provisions of Regulations U or X of the Board.

Loan Proceeds. The Borrower will not, and will not permit any Subsidiary to, use any part of the proceeds of any Loan or Advances directly or indirectly, and whether immediately, incidentally or ultimately, (a) to purchase or carry margin stock (as defined in Regulation U of the Board) or to extend credit to others for the purpose of purchasing or carrying margin stock or to refund Indebtedness originally incurred for such purpose or (b) for any purpose that which entails a violation of, or that which is inconsistent with, the provisions of Regulations U or X of the Board.

Loan Proceeds. The No Borrower will notwill, and will not nor permit any Subsidiary to, use any part of the proceeds of any Loan the Loans or Advances directly or indirectly, and whether immediately, incidentally or ultimately, (a) to purchase or carry margin stock (as defined in Regulation U of the Board) or to extend credit to others for the purpose of purchasing or carrying margin stock or to refund Indebtedness originally incurred for such purpose or (b) for any purpose that which entails a violation of, or that which is inconsistent with, the provisions of Regulations U or X of the Board.

Loan Proceeds. The Borrower will not, and will not permit any Subsidiary to, use any part of the proceeds of any Loan or Advances directly or indirectly, and whether immediately, incidentally or ultimately, (a) to purchase or carry margin stock (as defined in Regulation U of the Board) or to extend credit to others for the purpose of purchasing or carrying margin stock or to refund Indebtedness originally incurred for such purpose or (b) for any purpose that which entails a violation of, or that which is inconsistent with, the provisions of Regulations G, U or X of the Board.

Loan Proceeds. The No Borrower will notuse, and nor will not permit any Subsidiary toto use, use any part of the proceeds of any Loan or Advances directly or indirectly, and whether immediately, incidentally or ultimately, (a) to purchase or carry margin stock (as defined in Regulation U of the Board) or to extend credit to others for the purpose of purchasing or carrying margin stock or to refund Indebtedness originally incurred for such purpose or (b) for any purpose that which entails a violation of, or that which is inconsistent with, the provisions of Regulations U or X of the Board.

Loan Proceeds. The Borrower will not, and Borrowers will not permit any Subsidiary to, use any part of the proceeds of any Loan the Loans directly or indirectly, and whether immediately, incidentally or ultimately, (a) to purchase or carry margin stock (as defined in Regulation U of the Board) ), or to extend credit to others for the purpose of purchasing or carrying margin stock or to refund Indebtedness originally incurred for such purpose or (b) for any purpose that which entails a violation of, or that which is inconsistent with, the provisions of Regulations U or X of the Board.

Loan Proceeds. The Borrower will not, and will not ------------- permit any Subsidiary to, use any part of the proceeds of any Loan the Loans or Advances directly or indirectly, and whether immediately, incidentally or ultimately, (a) to purchase or carry margin stock (as defined in Regulation U of the Board) or to extend credit to others for the purpose of purchasing or carrying margin stock or to refund Indebtedness originally incurred for such purpose or (b) for any purpose that which entails a violation of, or that which is inconsistent with, the provisions of Regulations U or X of the Board.

Loan Proceeds. The Borrower will not, and nor will not permit any Subsidiary to, use any part of the proceeds of any Revolving Loan directly or indirectly, and whether immediately, incidentally or ultimately, (a) to purchase or carry margin stock (as defined in Regulation U of the Board) or to extend credit to others for the purpose of purchasing or carrying margin stock or to refund Indebtedness originally incurred for such purpose or (b) for any purpose that which entails a violation of, or that which is inconsistent with, the provisions of Regulations U or X of the Board.

Loan Proceeds. The Borrower will not, and will not permit any Subsidiary to, use any part of the proceeds of any Loan directly or indirectly, and whether immediately, incidentally or ultimately, (a) to purchase or carry margin stock (as defined in Regulation U of the Board) or to extend credit to others for the purpose of purchasing or carrying margin stock or to refund Indebtedness originally incurred for such purpose or (b) for any purpose that which entails a violation of, or that which is inconsistent with, the provisions of Regulations G, U or X of the Board.

Loan Proceeds. The Borrower will not, and nor will not permit any Subsidiary to, use any part of the proceeds of any Loan directly or indirectly, and whether immediately, incidentally or ultimately, (a) to purchase or carry margin stock (as defined in Regulation U of the Board) or to extend credit to others for the purpose of purchasing or carrying margin stock or to refund Indebtedness originally incurred for such purpose or (b) for any purpose that which entails a violation of, or that which is inconsistent with, the provisions of Regulations U or X of the Board.

Loan Proceeds. The Borrower will not, and nor will not the Borrower permit any Subsidiary to, use any part of the proceeds of any Loan directly or indirectly, and whether immediately, incidentally or ultimately, (a) to purchase or carry margin stock (as defined in Regulation U of the Board) or to extend credit to others for the purpose of purchasing or carrying margin stock or to refund Indebtedness originally incurred for such purpose or (b) for any purpose that which entails a violation of, or that is inconsistent with, of the provisions of Regulations U or X of the Board.

Loan Proceeds. The Borrower will shall not, and will shall not permit any Subsidiary to, use any part of the proceeds of any Loan the Loans directly or indirectly, and whether immediately, incidentally incidentally, or ultimately, (a) to purchase or carry margin stock (as defined in Regulation U of the Board) or to extend credit to others for the purpose of purchasing or carrying margin stock or to refund Indebtedness originally incurred for such purpose or (b) for any purpose that entails a violation of, or that is inconsistent with, the provisions of Regulations U or X of the Board.

Loan Proceeds. The Borrower will not, and will not permit any Subsidiary to, use any part of the proceeds of any Revolving Loan or Advances directly or indirectly, and whether immediately, incidentally or ultimately, (a) to purchase or carry margin stock (as defined in Regulation U of the Board) or to extend credit to others for the purpose of purchasing or carrying margin stock or to refund Indebtedness originally incurred for such purpose or (b) for any purpose that which entails a violation of, or that which is inconsistent with, the provisions of Regulations G, U or X of the Board.

Loan Proceeds. The Borrower will not, and will not permit any Subsidiary to, use any part of the proceeds of any Loan the Loans or Advances directly or indirectly, and whether immediately, incidentally or ultimately, (a) to purchase or carry margin stock (as defined in Regulation U of the Board) or to extend credit to others for the purpose of purchasing or carrying margin stock or to refund Indebtedness originally incurred for such purpose or (b) for any purpose that which entails a violation of, or that which is inconsistent with, the provisions of Regulations G, U or X of the Board.

Loan Proceeds. The Borrower will not, and will not permit any Subsidiary to, use any part of the proceeds of any Revolving Loan or Advances directly or indirectly, and whether immediately, incidentally or ultimately, (a) to purchase or carry margin stock (as defined in Regulation U of the Board) or to extend credit to others for the purpose of purchasing or carrying margin stock or to refund Indebtedness originally incurred for such purpose or (b) for any purpose that which entails a violation of, or that which is inconsistent with, the provisions of Regulations U or X of the Board.. ARTICLE VII -----------

Loan Proceeds. The Borrower will not, and will not cause or permit any Subsidiary to, use any part of the proceeds of any the Term Loan directly or indirectly, and whether immediately, incidentally or ultimately, (a) to purchase or carry margin stock (as defined in Regulation U of the Board) or to extend credit to others for the purpose of purchasing or carrying margin stock or to refund Indebtedness originally incurred for such purpose or (b) for any purpose that which entails a violation of, or that which is inconsistent with, the provisions of Regulations G, U or X of the Board.

Loan Proceeds. The Borrower will not, and nor will not the Borrower permit any Subsidiary to, use any part of the proceeds of any Revolving Loan directly or indirectly, and whether immediately, incidentally or ultimately, (a) to purchase or carry margin stock (as defined in Regulation U of the Board) or to extend credit to others for the purpose of purchasing or carrying margin stock or to refund Indebtedness originally incurred for such purpose or (b) for any purpose that which entails a violation of, or that is inconsistent with, of the provisions of Regulations U or X of the Board.

Loan Proceeds. The Borrower Borrowers will not, and will not permit any Subsidiary to, use any part of the proceeds of any Revolving Loan or any Advances directly or indirectly, and whether immediately, incidentally or ultimately, (a) to purchase or carry margin stock (as defined in Regulation U of the Board) or to extend credit to others for the purpose of purchasing or carrying margin stock or to refund Indebtedness originally incurred for such purpose or (b) for any purpose that which entails a violation of, or that which is inconsistent with, the provisions of Regulations U or X of the Board.

Loan Proceeds. The Borrower will not, and will not permit any Subsidiary to, use any part of the proceeds of any Loan Revolving Loans directly or indirectly, and whether immediately, incidentally or ultimately, (a) to purchase or carry margin stock (as defined in Regulation U of the Board) or to extend credit to others for the purpose of purchasing or carrying margin stock or to refund Indebtedness originally incurred for such purpose or (b) for any purpose that which entails a violation of, or that which is inconsistent with, the provisions of Regulations G, U or X of the Board.

Loan Proceeds. The Borrower will not, and will not permit any Subsidiary to, use any part of the proceeds of any Loan or Advances directly or indirectly, and whether immediately, incidentally or ultimately, (a) to purchase or carry margin stock (as defined in Regulation U of the Board) or to extend credit to others for the purpose of purchasing or carrying margin stock or to refund Indebtedness originally incurred for such purpose or (b) for any purpose that which entails a violation of, or that which is inconsistent with, the provisions of Regulations U or X of the Board.

Loan Proceeds. The Borrower will shall not, and will shall not permit any Subsidiary to, use any part of the proceeds of any Loan the Revolving Loans directly or indirectly, and whether immediately, incidentally incidentally, or ultimately, (a) to purchase or carry margin stock (as defined in Regulation U of the Board) or to extend credit to others for the purpose of purchasing or carrying margin stock or to refund Indebtedness originally incurred for such purpose or (b) for any purpose that entails a violation of, or that is inconsistent with, the provisions of Regulations U or X of the Board.

Loan Proceeds. The Borrower will not, and will not permit any Material Subsidiary to, use any part of the proceeds of any the Term Loan directly or indirectly, and whether immediately, incidentally or ultimately, (a) to purchase or carry margin stock (as defined in Regulation U of the Board) or to extend credit to others for the purpose of purchasing or carrying margin stock or to refund Indebtedness originally incurred for such purpose or (b) for any purpose that which entails a violation of, or that which is inconsistent with, the provisions of Regulations U G, U, T or X of the Board.

Loan Proceeds. The Borrower will not, and will not permit any Subsidiary to, use any part of the proceeds of any the Term Loan directly or indirectly, and whether immediately, incidentally or ultimately, (a) to purchase or carry margin stock (as defined in Regulation U of the Board) or to extend credit to others for the purpose of purchasing or carrying margin stock or to refund Indebtedness originally incurred for such purpose or (b) for any purpose that entails a violation of, or that is inconsistent with, the provisions of Regulations U or X of the Board.

Loan Proceeds. The Borrower Loan Parties will not, and will not permit any Subsidiary to, use any part of the proceeds of any Loan directly or indirectly, and whether immediately, incidentally or ultimately, (a) to purchase or carry margin stock (as defined in Regulation U of the Board) or to extend credit to others for the purpose of purchasing or carrying margin stock or to refund Indebtedness originally incurred for such purpose or (b) for any purpose that which entails a violation of, or that which is inconsistent with, the provisions of Regulations U or X of the Board.

Loan Proceeds. The Borrower will not, and nor will not permit any Subsidiary to, use any part of the proceeds of any Term Loan directly or indirectly, and whether immediately, incidentally or ultimately, (a) to purchase or carry margin stock (as defined in Regulation U of the Board) or to extend credit to others for the purpose of purchasing or carrying margin stock or to refund Indebtedness originally incurred for such purpose or (b) for any purpose that which entails a violation of, or that which is inconsistent with, the provisions of Regulations U or X of the Board.

Loan Proceeds. The Borrower will not, and will not nor permit any Subsidiary to, use any part of the proceeds of any Loan or Advances directly or indirectly, and whether immediately, incidentally or ultimately, (a) to purchase or carry margin stock (as defined in Regulation U of the Board) or to extend credit to others for the purpose of purchasing or carrying margin stock or to refund Indebtedness originally incurred for such purpose or (b) for any purpose that which entails a violation of, or that which is inconsistent with, the provisions of Regulations U or X of the Board.