Purpose Credit. Not use nor allow any affiliate of the Borrower to use any portion of the proceeds of the Loans, in violation of any applicable law, rule or regulation, including, but not by way of limitation Regulation U of the Federal Reserve Board (12 CFR 221) nor have any letter of credit issued by the Bank, either directly or indirectly, for the purpose of purchasing any securities underwritten by Fifth Third Bankcorp, or any affiliate of the Bank.
Appears in 4 contracts
Samples: Business Loan Agreement, Business Loan Agreement (LINC Logistics Co), Business Loan Agreement (LINC Logistics Co)
Purpose Credit. Not use nor allow any affiliate of the Borrower to use any portion of the proceeds of the Loans, in violation of any applicable law, rule or regulation, including, but not by way of limitation limitation, Regulation U of the Federal Reserve Board (12 CFR 221) nor have any letter of credit issued by the Bank, either directly or indirectly, for the purpose of purchasing any securities underwritten by Fifth Third Bankcorp, or any affiliate of the Bank.
Appears in 1 contract
