Common use of Prohibited Securities Transactions Clause in Contracts

Prohibited Securities Transactions. No proceeds of any Advance will be used by the Borrower or any of its Subsidiaries to acquire any security in any transaction that is subject to Section 12 of the Securities Exchange Act of 1934, as amended, other than proceeds of Advances used to purchase shares of common stock of the Borrower to the extent permitted by clauses (iv) or (v) of Section 5.02(g) hereof. -------

Appears in 2 contracts

Samples: Credit Agreement (Young Broadcasting Inc /De/), Credit Agreement (Young Broadcasting Inc /De/)

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Prohibited Securities Transactions. No proceeds of any Advance will be used by the Borrower or any of its Subsidiaries to acquire any security in any transaction that is subject to Section 12 of the Securities Exchange Act of 1934, as amended, other than proceeds of Advances used to purchase shares of common stock of the Borrower to the extent permitted by clauses clause (iv) or (v) of Section 5.02(g5.02(G) hereof. -------.

Appears in 1 contract

Samples: Credit Agreement (Young Broadcasting Inc /De/)

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Prohibited Securities Transactions. No proceeds of any Advance will be used by the Borrower or any of its Subsidiaries to acquire any security in any transaction that is subject to Section 12 of the Securities Exchange Act of 1934, as amended, other than proceeds of Advances used to purchase shares of common stock of the Borrower to the extent permitted by clauses (iv) or (v) of Section 5.02(g) hereof. -------.

Appears in 1 contract

Samples: Credit Agreement (Young Broadcasting Inc /De/)

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