Purpose and Regulation U. (a) Borrower will use the proceeds of the Revolving Facility (including the LC Subfacility and the Swing-Line Subfacility) for, (i) the working capital and general corporate purposes of itself and any Company that has executed a Guaranty, and (ii) acquisitions that are permitted under SECTION 9.
Purpose and Regulation U. (a) Subject to the other provisions in the Credit Documents, including, without limitation, clause (b) below, the proceeds of all Borrowings under the PMC Revolving Facility will be used either (i) to finance PMC’s Mortgage Loan origination, (ii) to finance PMC’s Commercial Loan origination, or (iii) for general corporate purposes. Subject to the other provisions in the Credit Documents, including, without limitation, clause (b) below, the proceeds of all Borrowings under the First Western Revolving Facility will be used either (x) to finance First Western’s Commercial Loan origination under the 7(a) Loan Program of the U.S. Small Business Administration or (y) for general corporate purposes.
Purpose and Regulation U. (a) Subject to the other provisions in the Credit Documents, including clause (b) below, initially, the Note delivered hereunder represents the renewal and replacement of the Revolving Notes and Term Notes under the Prior Credit Agreement, and the proceeds of any future borrowings hereunder will be used for general corporate purposes, working capital uses in the ordinary course of business and permitted stock repurchases.
Purpose and Regulation U. (a) Borrower will use LCs for general corporate purposes and the proceeds of the Revolving Facility for (i) refinancing the Existing Indebtedness, and (ii) the Restricted Companies' working capital, for acquisition and development of Mineral Interests and for other general corporate purposes.
Purpose and Regulation U. (a) Subject to the other provisions in the Credit Documents, including, without limitation, CLAUSE (b) below, the proceeds of the Term Loan will be used to refinance the term loan portion of the Refinanced Debt and for general corporate purposes, and the proceeds of the Revolving Facility will be used to refinance the revolving loan portion of the Refinanced Debt, for general corporate purposes, working capital uses in the ordinary course of business, Permitted Acquisitions, and permitted stock repurchases.
Purpose and Regulation U. (a) Subject to the other provisions in the Credit Documents, including, without limitation, clause (b) below, the proceeds of all Borrowings will be used (i) to finance Borrower's Commercial Loan origination until those Commercial Loans are sold in the secondary market, or (ii) for general corporate purposes.
Purpose and Regulation U. (a) Borrower will use LCs for general corporate purposes and the proceeds of the (i) Revolving Facility for the Restricted Companies’ working capital, for acquisition and development of Mineral Interests and for other general corporate purposes and (ii) Term Facility for the exploration, development and exploitation of oil and gas, principally for its drilling activities in Rxxx and Panola Counties, Texas and Caddo and DeSoto Parishes, Louisiana.
Purpose and Regulation U. (a) Subject to the other provisions in the Credit Documents, including, without limitation, clause (b) below, the proceeds of all Borrowings will be used to either (i) finance Borrower's Mortgage Loan origination or (ii) finance Borrower's purchase of Qualifying Real Estate. The initial advances under this agreement will also be used to retire certain bridge loan indebtedness owing under the Existing Agreement.
Purpose and Regulation U. 14 Credit Agreement ----------------
Purpose and Regulation U. Borrowers will use LCs and BGs for general ------------------------ corporate purposes and the proceeds of their respective Borrowings solely for their respective working capital and general corporate purposes. No Company is engaged principally, or as one of its important activities, in the business of extending credit for the purpose of purchasing or carrying any "margin stock" within the meaning of Regulation U of the Board of Governors of the Federal Reserve System, as amended. No part of the proceeds of any LC draft or drawing or Borrowing will be used, directly or indirectly, for a purpose that violates any Governmental Requirement, including, without limitation, Regulation U.
