Common use of Section 20 Subsidiaries Clause in Contracts

Section 20 Subsidiaries. No Credit Party intends to use and shall not use any portion of the proceeds of the Advances, directly or indirectly, to purchase during the underwriting period, or for 30 days thereafter, Ineligible Securities being underwritten by a Section 20 Subsidiary.

Appears in 6 contracts

Samples: Security Agreement (Perma Fix Environmental Services Inc), Security Agreement (Perma Fix Environmental Services Inc), Security Agreement (Perma Fix Environmental Services Inc)

AutoNDA by SimpleDocs

Section 20 Subsidiaries. No None of the Credit Party Parties intends to use and shall not use any portion of the proceeds of the Advances, directly or indirectly, to purchase during the underwriting period, or for 30 days thereafter, Ineligible Securities being underwritten by a Section 20 Subsidiary.

Appears in 2 contracts

Samples: Security Agreement (Evergreen International Aviation Inc), Security Agreement (Us Home & Garden Inc)

AutoNDA by SimpleDocs

Section 20 Subsidiaries. No Credit Party intends Parties do not intend to use and shall not use any portion of the proceeds of the Advances, directly or indirectly, to purchase during the underwriting period, or for 30 days thereafter, Ineligible Securities being underwritten by a Section 20 Subsidiary.

Appears in 1 contract

Samples: Security Agreement (Sunsource Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.