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.
Appears in 4 contracts
Samples: Credit Agreement (Galaxy Gaming, Inc.), Credit Agreement (Galaxy Gaming, Inc.), Credit Agreement (Gaming Partners International CORP)
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.
Appears in 3 contracts
Samples: Credit Agreement (Life Time Fitness Inc), Credit Agreement (Life Time Fitness Inc), Credit Agreement (Life Time Fitness Inc)
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.
Appears in 3 contracts
Samples: Credit Agreement (Sunlink Health Systems Inc), Credit Agreement (Sunlink Health Systems Inc), Credit Agreement (Sunlink Health Systems Inc)
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.
Appears in 2 contracts
Samples: Credit Agreement (Pilgrim America Capital Corp), Credit Agreement (Pilgrim Capital Corp)
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.
Appears in 2 contracts
Samples: Credit Agreement (MidWestOne Financial Group, Inc.), Credit Agreement (MidWestOne Financial Group, Inc.)
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.
Appears in 2 contracts
Samples: Credit Agreement (Marten Transport LTD), Employment Agreement (Damark International Inc)
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.
Appears in 2 contracts
Samples: Credit Agreement (Norstan Inc), Credit Agreement (Norstan Inc)
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.
Appears in 2 contracts
Samples: Credit Agreement (Cadence Bancorporation), Credit Agreement (County Bancorp, Inc.)
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.
Appears in 2 contracts
Samples: Credit Agreement (Cabelas Inc), Credit Agreement (Cabelas Inc)
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.
Appears in 2 contracts
Samples: Credit Agreement (Buca Inc /Mn), Credit Agreement (Buca Inc /Mn)
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.
Appears in 1 contract
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.
Appears in 1 contract
Samples: Credit Agreement (California Community Bancshares Inc)
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.
Appears in 1 contract
Samples: Credit Agreement (RTW Inc /Mn/)
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.
Appears in 1 contract
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.
Appears in 1 contract
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.
Appears in 1 contract
Samples: Credit Agreement (Buca Inc /Mn)
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.
Appears in 1 contract
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.
Appears in 1 contract
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.
Appears in 1 contract
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.
Appears in 1 contract
Samples: Credit Agreement (Graco Inc)
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.
Appears in 1 contract
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 -----------
Appears in 1 contract
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.
Appears in 1 contract
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.
Appears in 1 contract
Samples: Credit Agreement (Lendway, Inc.)
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.
Appears in 1 contract