Common use of Proceeds of Loans; Letters of Credit Clause in Contracts

Proceeds of Loans; Letters of Credit. None of the Borrowers will permit the proceeds of the Loans or Letters of Credit to be used for any purpose other than those permitted by Section 7.07. Neither any of the Borrowers nor any Person acting on behalf of any Borrower has taken or will take any action which might cause any of the Loan Documents to violate Regulation T, U or X or any other regulation of the Board of Governors of the Federal Reserve System or to violate Section 7 of the Exchange Act or any rule or regulation thereunder, in each case as now in effect or as the same may hereafter be in effect.

Appears in 4 contracts

Samples: Credit Agreement (NPC Restaurant Holdings, LLC), Credit Agreement (NPC Restaurant Holdings, LLC), Credit Agreement (NPC Restaurant Holdings, LLC)

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Proceeds of Loans; Letters of Credit. None of the Borrowers The Borrower will not permit the proceeds of the Loans or Letters of Credit to be used for any purpose other than those permitted by Section 7.07. Neither any of the Borrowers Borrower nor any Person acting on behalf of any the Borrower has taken or will take any action which might cause any of the Loan Documents to violate Regulation T, U or X or any other regulation of the Board of Governors of the Federal Reserve System or to violate Section 7 of the Exchange Act or any rule or regulation thereunder, in each case as now in effect or as the same may hereafter hereinafter be in effect.

Appears in 1 contract

Samples: Senior Secured Credit Agreement (Exterran Holdings Inc.)

Proceeds of Loans; Letters of Credit. None of the The Borrowers will not permit the proceeds of the Loans, the Bankers’ Acceptances, the BA Equivalent Loans or Letters of Credit to be used for any purpose other than those permitted by Section 7.07under Sections 7.07 or 8.07. Neither any of the Borrowers US Borrower nor any Person acting on behalf of any the US Borrower has taken or will take any action which might cause any of the Loan Documents to violate Regulation T, U or X or any other regulation of the Board of Governors of the Federal Reserve System or to violate Section 7 of the Exchange Act or any rule or regulation thereunder, in each case as now in effect or as the same may hereafter hereinafter be in effect.

Appears in 1 contract

Samples: Senior Secured Credit Agreement (Exterran Holdings Inc.)

Proceeds of Loans; Letters of Credit. None of the Borrowers The Borrower will not permit the proceeds of the Loans or Letters of Credit to be used for any purpose other than those permitted by Section 7.07. Neither any of the Borrowers Borrower nor any Person acting on behalf of any the Borrower has taken or will take any action which might cause any of the Loan Documents to violate Regulation T, U or X or any other regulation of the Board of Governors of the Federal Reserve System or to violate Section 7 of the Exchange Act or any rule or regulation thereunder, in each case as now in effect or as the same may hereafter be in effect.

Appears in 1 contract

Samples: Credit Agreement (NPC International Inc)

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Proceeds of Loans; Letters of Credit. None of the Borrowers The Borrower will not permit the proceeds of the Loans or Letters of Credit to be used for any purpose other than those permitted by Section 7.07. Neither any of the Borrowers Borrower nor any Person acting on behalf of any the Borrower has taken or will take any action which might cause any of the Loan Documents to violate Regulation T, U or X or any other regulation of the Board of Governors of the Federal Reserve System or to violate Section 7 8 of the Securities Exchange Act of 1934 or any rule or regulation thereunder, in each case as now in effect or as the same may hereafter hereinafter be in effect.

Appears in 1 contract

Samples: Revolving Credit Agreement (Wca Waste Corp)

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