Purchase of Bonds Prohibited. So long as a Letter of Credit is in effect, the Borrower will not, and will not permit any Insider of the Borrower, to purchase, directly or indirectly, any Bonds with any funds that do not constitute Eligible Funds, except as required by Section 3.4.
Appears in 2 contracts
Samples: Loan Agreement (Trex Co Inc), Loan Agreement (M Wave Inc)
Purchase of Bonds Prohibited. So long as a Letter of Credit or a Confirming Letter of Credit is in effect, the Borrower will shall not, and will not permit any Insider of the Borrower, to purchase, directly or indirectly, purchase any Bonds with any funds that do not constitute Eligible FundsAvailable Moneys, except as required by Section 3.48.01(b) of this Agreement.
Appears in 2 contracts
Purchase of Bonds Prohibited. So long as a Letter of Credit is in effect, the Borrower will Company shall not, and will not permit any Insider of the Borrower, to purchase, directly or indirectly, purchase any Bonds with any funds that do not constitute Eligible FundsAvailable Moneys, except as required by Section 3.44.2(b).
Appears in 1 contract
Samples: Loan Agreement (Griffith Micro Science International Inc)
