Common use of Proceeds of Loans Clause in Contracts

Proceeds of Loans. The Company will not permit the proceeds of the Loans to be used for any purpose other than those permitted by this Agreement.

Appears in 5 contracts

Samples: 364 Day Credit Agreement (Ocean Energy Inc /Tx/), 364 Day Credit Agreement (Ocean Energy Inc /Tx/), Revolving Credit Agreement (Ocean Energy Inc /Tx/)

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Proceeds of Loans. The Company will not permit the proceeds of the Loans to be used for any purpose other than those permitted by this AgreementSection 7.07.

Appears in 2 contracts

Samples: Credit Agreement (Houston Exploration Co), Credit Agreement (Houston Exploration Co)

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