Use of Credit. Neither the Borrower nor any of its Subsidiaries is engaged principally, or as one of its important activities, in the business of extending credit for the purpose, whether immediate, incidental or ultimate, of buying or carrying Margin Stock, and no part of the proceeds of any extension of credit hereunder will be used to buy or carry any Margin Stock.
Use of Credit. The Borrower shall use the proceeds of Borrowings only for the purposes specified in this Agreement.
Use of Credit. 68 7.08 ERISA............................................................................................ 68 7.09 Taxes............................................................................................ 69 7.10 Investment Company Act........................................................................... 69 7.11 Public Utility Holding Company Act............................................................... 69 7.12 Material Agreements and Liens.................................................................... 69 7.13
Use of Credit. Each Subsidiary Account Party shall use each Letter of Credit issued under this Agreement for its general corporate purposes, including, without limitation, to support variable annuity policy and reinsurance reserve credit requirements. No Letter of Credit will be used, whether directly or indirectly, for any purpose that entails a violation of any of the Regulations of the FRB, including Regulations T, U and X. After the issuance of any Letter of Credit hereunder, not more than 25% of the value (as determined by any reasonable method) of the assets of any of the Obligors will be represented by Margin Stock.
Use of Credit. The cardholder agrees that the card allows its cardholder to obtain credit:
a) for the payment of a regular purchase or in the form of cash advances or by using a cheque;
b) for equal instalments financing, deferred equal instalments financing, multiple purchases by equal instalments, a deferred payment financing, a cash advance by equal instalments or an RRSP financing. The withdrawal by the cardholder of amounts deposited in his folio at his financial institution signifies his acknowledgment of the transaction, regardless the form of signature used to obtain the cash advance by equal instalments or the RRSP financing;
c) by any other means Desjardins may establish. The cardholder may draw a cheque for any amount up to his available credit limit. Cheques may not be used to make payments on the cardholder’s account. The cardholder may not draw a cheque if the minimum payment has not been made on the account by the due date indicated on the account statement under the Minimum Payment Due heading. The card may not be used for illicit purposes. Desjardins reserves the right to suspend use of the card without notice if it suspects any form of illicit, unauthorized or fraudulent use of said card.
Use of Credit. All earned time off shall be taken at a time as to not seriously interfere with 38 scheduled operations. So far as practicable, the Company will permit all earned time off for the period 39 for which employees express preference. Employees, including exempt employees, may take earned time 40 off in one tenth (.10) hour increments up to a maximum accrual per the appropriate schedule.
Use of Credit. Neither such Account Party nor any of its Subsidiaries is engaged principally, or as one of its important activities, in the business of extending credit for the purpose, whether immediate, incidental or ultimate, of buying or carrying Margin Stock, and no Letter of Credit will be used in connection with buying or carrying any Margin Stock. No part of the proceeds of any Loan hereunder will be used to buy or carry any Margin Stock (except for repurchases of the capital stock of XL Capital and purchases of Margin Stock in accordance with XL Capital's Statement of Investment Policy Objectives and Guidelines as in effect on the date hereof or as it may be changed from time to time by a resolution duly adopted by the board of directors of XL Capital (or any committee thereof)). The purchase of any Margin Stock with the proceeds of any Loan will not be in violation of Regulation U or X of the Board and, after applying the proceeds of such Loan, not more than 25% of the value of the assets of XL Capital and its Subsidiaries taken as a whole consists or will consist of Margin Stock.
Use of Credit. 45 7.08 ERISA.......................................................45 7.09 Taxes.......................................................45 7.10
Use of Credit. None of the Obligors is engaged principally, or as one of its important activities, in the business of extending credit for the purpose, whether immediate, incidental or ultimate, of buying or carrying Margin Stock, and no part of the proceeds of any extension of credit hereunder will be used to buy or carry any Margin Stock.
Use of Credit. 45 SECTION 3.13. Material Agreements and Liens..................................45 SECTION 3.14. Subsidiaries...................................................46 ARTICLE IV CONDITIONS
