Purpose of Credit. Borrowings are to be used as stated in the recitals of this agreement. 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. No part of the proceeds of any Borrowing is to be used, directly or indirectly, for a purpose that violates any Governmental Requirement, including, without limitation, the provisions of Regulation U.
Purpose of Credit. Borrower will use the proceeds of the Credit Facilities for the purposes stated in Section 2.1(a) hereof. No part of the proceeds of either of the Credit Facilities will be used, directly or indirectly, for a purpose which violates any law, rule or regulation. Borrower will not, directly or indirectly, use any of the proceeds of either of the Credit Facilities for the purpose of purchasing or carrying, or retiring any Debt which was originally incurred to purchase or carry, any "margin stock" as defined in the Margin Regulations, or to purchase or carry any "security that is publicly-held" within the meaning of Regulation T of the Board of Governors of the Federal Reserve System, or otherwise take or permit any action which would involve a violation of such Margin Regulations or any other regulation of such Board of Governors. The Credit Facilities are not secured, directly or indirectly, in whole or in part, by collateral that includes any "margin stock" within the meaning of the Margin Regulations. Borrower will not engage 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 the Margin Regulations.
Purpose of Credit. The Customer acknowledges and agrees that any credit to be provided to the Customer by the Supplier is to be applied wholly or predominantly for commercial purposes.
Purpose of Credit. 38 6.2 About the Companies.................................................. 38 6.3
Purpose of Credit. No credit advanced to the Borrower under the Credit Facility and none of the other services and products to be provided by the Finance Parties to the Obligors under or in connection with the Finance Documents will be used for the purpose of funding, financing or facilitating any prohibited activities, business or transaction of or with any Sanctioned Person. No part of the proceeds of any Accommodation has been used by the Borrower directly or indirectly, (i) in violation of any Sanctions, or Anti-Corruption Laws, (ii) in violation of any Sanctions or (iii) to finance any hostile acquisition. No Obligor is a charity registered with the Canada Revenue Agency and no Obligor solicits charitable financial donations from the public.
Purpose of Credit. 2.01This credit is intended to partially finance the creation and the development of a subsidiary in the United States which will be owned 100% by BELGIAN VOLITION SPRL.
Purpose of Credit. Borrower will use all proceeds of Borrowings for one or more of the following: (a) Warehouse Borrowings will be used to finance Borrower's Mortgage Loan origination and acquisition until those Mortgage Loans are sold in the secondary market, (b) Working-Capital Borrowings will be used either (i) to pay certain Servicing Payments until those payments are reimbursed by either obligors under Mortgage Loans being serviced by Borrower or by the appropriate governmental agencies or (ii) to issue letters of credit to support sales of Servicing Rights, and (c) Term-Line Borrowings will be used to finance the acquisition of various servicing portfolios and to provide funding for Borrower's internally-generated Servicing Rights. In addition, the initial Borrowing on the Closing Date will be used to repay the outstanding indebtedness under the Existing Loan Agreement owed to any Existing Lender that is not a Lender under this agreement. Borrower is not 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 36 AMENDED AND RESTATED LOAN AGREEMENT -----------------------------------
Purpose of Credit. The proceeds of the Loans made under, and the other extensions of credit under, the Credit Facility shall be used by Borrower to make Investments, to pay expenses of Borrower in the ordinary course of business and for such other uses as are expressly permitted by the Operating Agreement (collectively, “Approved Uses”), all in accordance with, and subject to the limitations and restrictions contained in, the Operating Agreement.
Purpose of Credit. Borrowers will use the proceeds of the ----------------- Credit Facility for the purposes stated in Section 2.1 hereof. No part of the ----------- proceeds of the Credit Facility will be used, directly or indirectly, for a purpose which violates any law, rule or regulation. Borrowers will not, directly or indirectly, use any of the proceeds of the Credit Facility for the purpose of purchasing or carrying, or retiring any Debt which was originally incurred to purchase or carry, any "margin stock" as defined in the Margin Regulations, or to purchase or carry any "security that is publicly-held" within the meaning of Regulation T of the Board of Governors of the Federal Reserve System, or otherwise take or permit any action which would involve a violation of such Margin Regulations or any other regulation of such Board of Governors. Borrowers will not engage 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 the Margin Regulations.
Purpose of Credit. 61 Section 6.17 Governmental Regulations...........................................................62 Section 6.18 Debt...............................................................................62 Section 6.19 Insurance..........................................................................62 Section 6.20 Solvency...........................................................................62 Section 6.21 Capitalization.....................................................................62 Section 6.22
