Restriction on Use of Proceeds. None of the proceeds of the Credit shall be used by the Borrower to purchase commodities except for use in the ordinary course of the Borrower's business, or for the purpose of purchasing or carrying, or refinancing any borrowing the proceeds of which were used to purchase or carry, any "margin securities" within the meaning of Regulation U of the Board of Governors of the Federal Reserve System.
Appears in 3 contracts
Samples: Credit Agreement (Loislaw Com Inc), Credit Agreement (Luxtec Corp /Ma/), Credit Agreement (Applied Cellular Technology Inc)
Restriction on Use of Proceeds. None of the proceeds of the Credit shall be used by the Borrower Borrowers to purchase commodities except for use in the ordinary course of the Borrower's business, Borrowers' business or for the purpose of purchasing or carrying, or refinancing any borrowing the proceeds of which were used to purchase or carry, carry any "margin securities" within the meaning of Regulation U of the Board of Governors of the Federal Reserve System.
Appears in 1 contract
Samples: Credit Agreement (Starmet Corp)
Restriction on Use of Proceeds. None of the proceeds of the Credit shall be used by the Borrower Company to purchase commodities except for use in the ordinary course of the BorrowerCompany's business, business or for the purpose of purchasing or carrying, or refinancing any borrowing the proceeds of which were used to purchase or carry, carry any "margin securities" within the meaning of Regulation U of the Board of Governors of the Federal Reserve System.
Appears in 1 contract
Samples: Credit Agreement (Firetector Inc)
