Common use of Use of Letters of Credit Clause in Contracts

Use of Letters of Credit. The Letters of Credit issued hereunder will be used (a) to replace or collateralize Standby Letters of Credit issued under the Existing Financing Agreement or (b) for general corporate purposes. No part of any Letter of Credit will be used, whether directly or indirectly, for any purpose that entails a violation of any of the Regulations of the Board, including Regulations U and X.

Use of Letters of Credit. The Letters of Credit issued hereunder will be used only (a) to replace or cash collateralize Standby Letters letters of Credit issued credit under the Existing Financing Agreement or Agreement, (b) to finance the acquisition of working capital assets of Petsmart and the Subsidiary Credit Parties in the ordinary course of business, (c) to finance capital expenditures, and (d) for general corporate purposes. No part of any Letter of Credit will be used, whether directly or indirectly, for any purpose that entails a violation of any of the Regulations of the Board, including Regulations U and X.

Use of Letters of Credit. The Letters of Credit issued hereunder will be used only (a) to replace or collateralize Standby Letters letters of Credit issued credit under the Existing Financing Agreement or Agreement, (b) to finance the acquisition of working capital assets of Kmart and the Subsidiary Credit Parties, including the purchase of Inventory, in the ordinary course of business, and (c) for general corporate purposes. No part of any Letter of Credit will be used, whether directly or indirectly, for any purpose that entails a violation of any of the Regulations of the Board, including Regulations U and X.

Use of Letters of Credit. The Letters of Credit issued hereunder will be used only (a) to replace or collateralize Standby Letters finance the acquisition of working capital assets of the Company and the Subsidiary Credit issued under Parties in the Existing Financing Agreement or ordinary course of business, and (b) for general corporate purposes. No part of any Letter of Credit will be used, whether directly or indirectly, for any purpose that entails a violation of any of the Regulations of the Board, including Regulations U and X.