Use of Loan Proceeds and Issuance of Letters of Credit. Borrower shall use the proceeds of the Loans and shall request the issuance of Letters of Credit solely for working capital and other general corporate purposes (including, the funding of investments by Borrower) that are not otherwise prohibited by this Credit Agreement and not for the purpose of purchasing or carrying of any Margin Stock in violation of Regulations U and X.
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Samples: Revolving Credit Agreement (MCG Capital Corp), Revolving Credit Agreement (MCG Capital Corp), Revolving Credit Agreement (MCG Capital Corp)
Use of Loan Proceeds and Issuance of Letters of Credit. Borrower shall use the proceeds of the Loans and shall request the issuance of Letters of Credit solely for working capital and other general corporate purposes (including, the funding of investments Portfolio Investments by Borrower) that are not otherwise prohibited by this Credit Agreement and not for the purpose of purchasing or carrying of any Margin Stock in violation of Regulations U and X.
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