Specifically Prohibited Applications. The Borrower will not, directly or indirectly, apply any part of the proceeds of any extension of credit made pursuant to the Loan Documents to purchase or to carry Margin Stock or to any transaction prohibited by the Foreign Trade Regulations, by other Bank Legal Requirements of applicable to the Banks or by the Loan Documents.
Specifically Prohibited Applications. The Company will not, directly or indirectly, apply any part of the proceeds of any extension of credit made pursuant to the Credit Documents to purchase or to carry Margin Stock (except the First Reserve Common Stock) or to any transaction prohibited by the Foreign Trade Regulations, by other Legal Requirements applicable to the Lenders or by the Credit Documents.
Specifically Prohibited Applications. The Company will not directly or indirectly apply any part of the proceeds of any Loan made pursuant to this Agreement for the purposes of purchasing or carrying of any "margin stock" within the meaning of Regulation G, T, U or X of the Board of Governors of the Federal Reserve System, or any regulations, interpretations or rulings thereunder, all as from time to time in effect, or to the refunding of any loan incurred for such purpose.
Specifically Prohibited Applications. 32 2.7. Nature of Obligations of Lenders to Make Extensions of Credit......... 32
Specifically Prohibited Applications. The Borrower will not, directly or indirectly, apply any part of the proceeds of any extension of credit made pursuant to the Credit Documents to purchase or to carry Margin Stock or to any transaction prohibited by the Foreign Trade Regulations, by other Legal Requirements applicable to the Lenders or by the Credit Documents.
Specifically Prohibited Applications. 29 ------------------------------------ 2.5. Nature of Obligations of Lenders to Make Extensions of Credit . . . . . . . . . . . . . . . . . . . 30 ------------------------------------------------------------- 3. Interest; Eurodollar Pricing Options; Fees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 ------------------------------------------ 3.1. Interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 -------- 3.2. Eurodollar Pricing Options . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 -------------------------- 3.2.1. Election of Eurodollar Pricing Options . . . . . . . . . . . . . . . . . . . . . . . . . . 31 -------------------------------------- 3.2.2. Notice to Lenders and the Borrower . . . . . . . . . . . . . . . . . . . . . . . . . . . . 31 ---------------------------------- 3.2.3. Selection of Eurodollar Interest Periods . . . . . . . . . . . . . . . . . . . . . . . . . 31 ---------------------------------------- 3.2.4.
Specifically Prohibited Applications. 27 2.5. Nature of Obligations of Lenders to Make Extensions of Credit..................................28 3. Interest; Eurocurrency Pricing Options; Fees............................................................28 3.1. Interest on Revolving Loan.....................................................................28 3.2. Interest On English Loan.......................................................................28 3.3. Eurocurrency Pricing Options...................................................................29 3.3.1. Election of Eurocurrency Pricing Options...............................................29 3.3.2. Notice to Lenders and Borrowers........................................................30 3.3.3.
Specifically Prohibited Applications. The Company will not, directly or indirectly, apply any part of the proceeds of any extension of credit made pursuant to the Credit Documents to purchase or to carry Margin Stock or to any transaction prohibited by the Credit Documents or by Legal Requirements applicable to the Lenders.
Specifically Prohibited Applications. The Borrower will not, ------------------------------------ directly or indirectly, apply any part of the proceeds of the Loan for any purpose that has not been specified by the Borrower in a Borrowing Certificate. Except as provided in clause (c) of Section 2.4.1, the proceeds of the Loan shall not be available to repay liabilities of the Borrower existing on the date hereof or for the payment of obligations of the Borrower to employees of the Borrower or any of its Affiliates under any contract, whether or not presently in effect, including, without limitation, any bonus, severance or other extraordinary payment, except for the payment of salaries, the reimbursement of travel and similar out-of- pocket expenses and payments under benefit plans available to all employees, each in the ordinary course of business.
Specifically Prohibited Applications. . . . 35 2.5. Nature of Obligations of Lenders to Make Extensions of Credit . . . . . . . . . . . . . . . . . . . . . . . . . . . 35 3. Interest; Eurodollar Pricing Options; Fees . . . . . . . . . . . . . 35 3.1. Interest . . . . . . . . . . . . . . . . . . . . . . . . . . 35 3.2. Eurodollar Pricing Options . . . . . . . . . . . . . . . . . 36 3.2.1. Election of Eurodollar Pricing Options . . . . . . 36 3.2.2. Notice to Lenders and Company . . . . . . . . . . . 36 3.2.3.
