Section Use of Proceeds. The proceeds of the Loans made under this Agreement will be used by the Borrower for its general corporate purposes, including liquidity support for outstanding commercial paper. None of such proceeds will be used, directly or indirectly, for the purpose, whether immediate, incidental or ultimate, of buying or carrying any "margin stock" within the meaning of Regulation U.
Section Use of Proceeds. The Company represents that the net proceeds from this offering will be used for general corporate purposes. However, in no event shall the net proceeds from this offering be used by the Company for the payment (or loaned to any such person for the payment) of any judgment, or other liability, incurred by any executive officer, officer, director or employee of the Company, except for any liability owed to such person for services rendered, or if any judgment or other liability is incurred by such person originating from services rendered to the Company, or the Company has indemnified such person from liability.
Section Use of Proceeds. Such Credit Party shall not use the proceeds of --------------- any Loan for any purpose other than as provided in Section 2.01(d) hereof.
Section Use of Proceeds. The proceeds of the Revolving Credit Loans shall be used to pay costs and expenses relating to the transactions contemplated hereby and for working capital and general corporate purposes.
Section Use of Proceeds. 1. The proceeds of the Loans to be made on the Closing Date shall be used by Borrower to pay in full the Debt owed by Borrower to Prior Lenders and to any other Person to whom Borrower, Holdings or Wholesale owes Debt that is not permitted pursuant to Section 9.1 or who holds a Lien on any Property of Borrower, Holdings or Wholesale which is not a Permitted Lien and for any of the other permitted purposes specified in this Section 2.10(a). The proceeds of the Loans may also be used by Borrower to finance permitted Capital Expenditures and Permitted Acquisitions and to provide working capital for Borrower in the ordinary course of business.
Section Use of Proceeds. Such Credit Party shall not use the than as --------------- provided in Section 2.01(d) hereof. ---------------
Section Use of Proceeds. The proceeds of Borrowings will not be used for any purpose other than (a) working capital, (b) to finance the acquisition, exploration and development of Mineral Interests and related capital assets, and (c) to refinance the obligations outstanding under the Existing Credit Agreements. None of such proceeds (including, without limitation, proceeds of Letters of Credit issued hereunder) will be used, directly or indirectly, for the purpose, whether immediate, incidental or ultimate, of purchasing or carrying any Margin Stock, and none of such proceeds will be used in violation of applicable Law (including, without limitation, the Margin Regulations). Letters of Credit will be issued hereunder only for the purpose of securing bids, tenders, bonds, contracts and other obligations entered into in the ordinary course of Borrower's business. Without limiting the foregoing, no Letters of Credit will be issued hereunder for the purpose of providing credit enhancement with respect to any Debt or equity security of any Credit Party or to secure any Credit Party's obligations with respect to Hedge Transactions other than Hedge Transactions with a Bank. 1.14. 1.15.
Section Use of Proceeds. The Borrower shall use the proceeds of the Loans for general corporate purposes, including, without limitation, the acquisition of real property to be used in the Borrower's existing business and for general working capital needs of the Borrower; provided, however, that no Swingline Loan shall be used more than once for the purpose of refinancing another Swingline Loan, in whole or part.
Section Use of Proceeds. All proceeds of the Loans will be used by the Borrower only in accordance with the provisions hereof. Neither the making of any Loan nor the use of the proceeds thereof will violate or be inconsistent with the provisions of regulations T, U, or X of the Federal Reserve Board.
Section Use of Proceeds. The proceeds of the Loans will be used only for general corporate purposes of the Parent and its Subsidiaries, including as credit support for the Parent's commercial paper programs. No part of the proceeds of any Loan will be used, whether directly or indirectly, for any purpose that entails a violation of any of the Regulations of the Board , including Regulations G, U and X.
