Common use of Purpose of Credit Facility Clause in Contracts

Purpose of Credit Facility. (a) Borrower will use all proceeds of Borrowings for one or more of the following (or will loan such proceeds to, or make capital contributions to, Intermediate Partnership to so use such proceeds) (i) to repay the Debt existing under the Existing Credit Agreements; (ii) to finance capital expenditures; (iii) for investments permitted hereunder; (iv) for working capital; and (v) for general business purposes. No proceeds of any Borrowing will be used to make any distribution with respect to the Limited Partnership Units or General Partners' interests in Borrower, or to make any distribution with respect to partnership interests in Intermediate Partnership. (b) 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 U. No part of the proceeds of any Borrowing will be used, directly or indirectly, for a purpose which violates any Law, including, without limitation, the provisions of Regulations T, U, or X (as enacted by the Board of Governors of the Federal Reserve System, as amended).

Purpose of Credit Facility. (a) Borrower will use all proceeds of Borrowings for one or more of the following (or will loan such proceeds to, or make capital contributions to, Intermediate Partnership to so use such proceeds) (i) to repay the Debt existing under the Existing Credit AgreementsAgreement; (ii) to finance capital expendituresexpenditures and non-hostile acquisitions; (iii) for to finance investments permitted hereunder; (iv) for working capital; and (v) for general business purposes. No proceeds of any Borrowing will be used to make any distribution Distribution with respect to the Limited Partnership Units or General Partners' interests in Borrower, or to make any distribution Distribution with respect to partnership interests in Intermediate Partnership. (b) 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 U. No part of the proceeds of any Borrowing will be used, directly or indirectly, for a purpose which violates any Law, including, without limitation, the provisions of Regulations T, U, U or X (as enacted by the Board of Governors of the Federal Reserve System, as amended).

Purpose of Credit Facility. (a) Borrower will use all proceeds of Borrowings for one or more of the following (or will loan such proceeds to, or make capital contributions to, Intermediate Partnership to so use such proceeds) (i) to repay the Debt existing under the Existing Credit Agreements; (ii) to finance capital expendituresexpenditures and non-hostile acquisitions; (iii) for to finance investments permitted hereunder; (iv) for working capital; and (v) for general business purposes. No proceeds of any Borrowing will be used to make any distribution Distribution with respect to the Limited Partnership Units or General Partners' interests in Borrower, or to make any distribution Distribution with respect to partnership interests in Intermediate Partnership. (b) 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 U. No part of the proceeds of any Borrowing will be used, directly or indirectly, for a purpose which violates any Law, including, without limitation, the provisions of Regulations T, U, U or X (as enacted by the Board of Governors of the Federal Reserve System, as amended).