Use of Loans. 14 Section 4.08 ERISA................................................ 14 Section 4.09 Taxes................................................ 15 Section 4.10 Titles, etc.......................................... 15 Section 4.11 No Material Misstatements............................ 16 Section 4.12 Investment Company Act............................... 17 Section 4.13 Public Utility Holding Company Act................... 17 Section 4.14 Subsidiaries......................................... 17 Section 4.15 Location of Business and Offices..................... 17 Section 4.16 Defaults............................................. 17 Section 4.17
Use of Loans. Neither the Company 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 Loan hereunder will be used to buy or carry, or to extend credit to others to buy or carry, any Margin Stock.
Use of Loans. 35 7.08 ERISA.............................................................................................35 7.09 Taxes.............................................................................................36 7.10 Titles, etc.......................................................................................36 7.11
Use of Loans. Neither the Borrower nor any of its Significant 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, as defined in Regulation U, and no part of the proceeds of any Loan hereunder will be used to buy or carry any Margin Stock. No part of the proceeds of any Loan hereunder will be used to acquire stock of any corporation the board of directors of which has publicly stated its opposition to such acquisition or fails to endorse such acquisition.
Use of Loans. The Borrower shall use all Loans and the proceeds thereof solely for the purposes set forth in Section 2.3 hereof.
Use of Loans. The proceeds of the Loans shall be used by the Borrower to:
Use of Loans. The proceeds of the Loans shall be used -------------- to reduce existing Debt (including payment of accounts payable), pay the costs associated with the approved Development Projects set forth in the Development Plan, pay the commitment fee referenced in Section 2.04 and pay the other costs of the transactions related to this Agreement. The Borrower and its Subsidiaries are not engaged principally, or as one of its or their important activities, in the business of extending credit for the purpose, whether immediate, incidental or ultimate, of buying or carrying margin stock (within the meaning of Regulation T, U or X of the Board). No part of the proceeds of any Loans will be used for any purpose which violates the provisions of Regulations T, U or X of the Board.
Use of Loans. Each Borrower will use the proceeds of the Loans for its general corporate purposes, including repayment of certain existing Indebtedness. No Borrower nor any of their respective Subsidiaries extends or maintains, in the ordinary course of business, credit for the purpose, whether immediate, incidental, or ultimate, of buying or carrying margin stock (within the meaning of Regulation U of the Board of Governors of the Federal Reserve System), and no part of the proceeds of any Loan will be used for the purpose, whether immediate, incidental, or ultimate, of buying or carrying margin stock or maintaining or extending credit to others for such purpose. After applying the proceeds of each Loan, margin stock will not constitute more than 25% of the value of the assets (either of any Borrower alone or of the Borrowers and their respective Subsidiaries on a consolidated basis) that are subject to any provisions of this Agreement that may cause the Loans to be deemed secured, directly or indirectly, by margin stock.
Use of Loans. 39 Section 7.08 ERISA.................................................................................39 Section 7.09 Taxes.................................................................................40 Section 7.10 Titles, etc...........................................................................41 Section 7.11 No Material Misstatements.............................................................41 Section 7.12 Investment Company Act................................................................41 Section 7.13 Public Utility Holding Company Act....................................................41 Section 7.14 Operation of the Pipeline.............................................................41 Section 7.15 Capitalization of General Partner and Subsidiaries....................................42 Section 7.16 Location of Business and Offices......................................................42 Section 7.17 Defaults under Material Agreements....................................................42 Section 7.18 Environmental Matters.................................................................42 Section 7.19 Compliance with Laws..................................................................43 Section 7.20 Insurance.............................................................................43 Section 7.21 Hedging Agreements....................................................................44 Section 7.22 Restriction on Liens..................................................................44 Section 7.23
