Common use of Use of Loans Clause in Contracts

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.

Appears in 9 contracts

Samples: Credit Agreement (International Paper Co /New/), Credit Agreement (International Paper Co /New/), Credit Agreement (International Paper Co /New/)

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Use of Loans. Neither the Company 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 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, carry any Margin Stockmargin stock.

Appears in 1 contract

Samples: Line of Credit Agreement (Factory Stores of America Inc)

Use of Loans. Neither the Company nor any of its Subsidiaries is engaged principally, extends or as one of its important activitiesmaintains, in the business ordinary course of extending business, credit for the purpose, whether immediate, incidental incidental, or ultimate, of buying or carrying Margin Stock Stock, and no part of the proceeds of any Loan hereunder will be used to buy or carryfor the purpose, whether immediate, incidental, or to extend ultimate, of buying or carrying any such Margin Stock or maintaining or extending credit to others to buy or carry, any Margin Stockfor such purpose.

Appears in 1 contract

Samples: Credit Agreement (Wolverine World Wide Inc /De/)

Use of Loans. Neither the Company 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 Loan extension of credit hereunder will be used to buy or carry, or to extend credit to others to buy or carry, carry any Margin Stock.

Appears in 1 contract

Samples: Third Amended and Restated Credit Agreement (Sinclair Broadcast Group Inc)

Use of Loans. Neither the The Company nor any of its Subsidiaries is not 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, carry any Margin Stock.

Appears in 1 contract

Samples: Credit Agreement (Florida Progress Corp)

Use of Loans. Neither the Company nor any of its Subsidiaries or any of the Partnerships 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 extension of credit hereunder will be used to buy or carry, or to extend credit to others to buy or carry, carry any Margin Stock.

Appears in 1 contract

Samples: Credit Agreement (Plains Resources Inc)

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Use of Loans. Neither the Company 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 Loan hereunder will be used to buy or carry, or to extend credit to others to buy or carry, any Margin Stock.

Appears in 1 contract

Samples: Term Loan Agreement (International Paper Co /New/)

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.. 5-Year Credit Agreement

Appears in 1 contract

Samples: Credit Agreement (International Paper Co /New/)

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, carry any Margin margin Stock.

Appears in 1 contract

Samples: Credit Agreement (Pep Boys Manny Moe & Jack)

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