Common use of Use of Proceeds and Letters of Credit Clause in Contracts

Use of Proceeds and Letters of Credit. The proceeds of the Loans will be used only for general corporate purposes. No part of the proceeds of any Loan will be used, whether directly or indirectly, to purchase or carry Margin Stock or for any purpose that entails a violation of any of the Regulations of the Board, including Regulations T, U and X. Letters of Credit will be issued only to support the ordinary course of business operations of the Borrower and its Subsidiaries.

Appears in 2 contracts

Samples: Credit Agreement (Manitowoc Co Inc), Credit Agreement (Manitowoc Co Inc)

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Use of Proceeds and Letters of Credit. The proceeds of the Loans will be used only for general corporate purposes, including support of commercial paper issued by the Company and reimbursement of LC Disbursements. No part of the proceeds of any Loan will be used, whether directly or indirectly, to purchase or carry Margin Stock or for any purpose that entails a violation of any of the Regulations Regulation U or X of the Board, including Regulations T, U and X. . Letters of Credit will be issued used only to support obligations of the Company and its Subsidiaries in the ordinary course of business operations of the Borrower and its Subsidiariesbusiness.

Appears in 2 contracts

Samples: Year Revolving Credit Agreement (Fortune Brands Inc), Credit Agreement (Fortune Brands Inc)

Use of Proceeds and Letters of Credit. The proceeds of the Loans and the Letters of Credit will be used only for general corporate purposespurposes of the Borrower not in contravention of any Requirement of Law or of any Loan Document. No part of the proceeds of any Loan or of any Letter of Credit will be used, whether directly or indirectly, to purchase or carry Margin Stock or for any purpose that entails a violation of any of the Regulations regulations of the Board, including Regulations T, U and X. Letters of Credit will be issued only to support the ordinary course of business operations of the Borrower and its Subsidiaries.X.

Appears in 2 contracts

Samples: Credit Agreement (Tucson Electric Power Co), Credit Agreement (Tucson Electric Power Co)

Use of Proceeds and Letters of Credit. The proceeds of the Loans will be used only for working capital and other general corporate purposes. No part of the proceeds of any Loan will be used, whether directly or indirectly, to purchase or carry Margin Stock or for any purpose that entails a violation of any of the Regulations of the Board, including Regulations T, U and X. Letters of Credit will be issued only to support obligations of the Borrower or any Subsidiary incurred in the ordinary course of business operations of the Borrower and its Subsidiariesbusiness.

Appears in 2 contracts

Samples: Credit Agreement (Seagate Technology), Credit Agreement (Seagate Technology)

Use of Proceeds and Letters of Credit. The proceeds of the Revolving Loans and Swingline Loans will be used only for general corporate purposes. No part of the proceeds of any Loan will be used, whether directly or indirectly, to purchase or carry Margin Stock or for any purpose that entails a violation of any of the Regulations of the Board, including Regulations T, U and X. Letters of Credit will be issued only to support obligations of the Borrower or any Subsidiary incurred in the ordinary course of business operations of the Borrower and its Subsidiariesbusiness.

Appears in 2 contracts

Samples: Credit Agreement (On Semiconductor Corp), Credit Agreement (On Semiconductor Corp)

Use of Proceeds and Letters of Credit. The proceeds of the Loans will be used only for general corporate purposes. No part of the proceeds of any Loan will be used, whether directly or indirectly, to purchase or carry Margin Stock or for any purpose that entails a violation of any of the Regulations of the Board, including Regulations T, U and X. Letters of Credit will be issued only to support the ordinary course of business operations of the Borrower and its Subsidiariesgeneral corporate purposes.

Appears in 2 contracts

Samples: Assignment and Assumption (Ingredion Inc), Credit Agreement (Nationwide Health Properties Inc)

Use of Proceeds and Letters of Credit. The proceeds of the Revolving Loans will be used only for general corporate purposespurposes of Borrower in the ordinary course of business. No part of the proceeds of any Loan will be used, whether directly or indirectly, to purchase or carry Margin Stock or for any purpose that entails a violation of any of the Regulations of the Board, including Regulations T, U and X. Letters of Credit will be issued only to support general corporate purposes of Borrower in the ordinary course of business operations of the Borrower and its Subsidiariesbusiness.

Appears in 2 contracts

Samples: Credit Agreement (Central Vermont Public Service Corp), Credit Agreement (Central Vermont Public Service Corp)

Use of Proceeds and Letters of Credit. The proceeds of the Loans will be used only for general corporate purposes, including, without limitation, refinance of existing debt, working capital, capital expenditures, and acquisitions. No part of the proceeds of any Loan will be used, whether directly or indirectly, to purchase or carry Margin Stock or for any purpose that entails a violation of any of the Regulations of the Board, including Regulations T, U and X. Letters of Credit will be issued only to support the ordinary course general corporate purposes, including, without limitation, refinance of business operations of the Borrower existing debt, working capital, and its Subsidiariescapital expenditures.

Appears in 2 contracts

Samples: Credit Agreement (Cornell Companies Inc), Credit Agreement (Cornell Companies Inc)

Use of Proceeds and Letters of Credit. The proceeds of the Loans will be used only for general corporate purposesand working capital purposes of the Parent and its Subsidiaries. No part of the proceeds of any Loan or Letter of Credit will be used, whether directly or indirectly, to purchase or carry Margin Stock or for any purpose that entails a violation of any of the Regulations of the Board, including Regulations T, U and X. Letters After application of Credit will be issued only to support the ordinary course proceeds of business operations any Loan or Letter of Credit, not more than 25% of the value of the assets of the Parent, the Borrower and its Subsidiariestheir respective Subsidiaries will be represented by Margin Stock.

Appears in 2 contracts

Samples: Credit Agreement (Lorillard, Inc.), Credit Agreement (Lorillard, Inc.)

Use of Proceeds and Letters of Credit. The proceeds of the Revolving Loans and Swingline Loans will be used only for general corporate purposespurposes of the Borrower. No part of the proceeds of any Loan will be used, whether directly or indirectly, to purchase or carry Margin Stock or for any purpose that entails a violation of any of the Regulations of the Board, including Regulations T, U and X. Letters of Credit will be issued only to support the ordinary course of business operations obligations of the Borrower and its SubsidiariesSubsidiaries incurred for general corporate purposes.

Appears in 2 contracts

Samples: Credit Agreement (Dex Media, Inc./New), Credit Agreement (Donnelley R H Inc)

Use of Proceeds and Letters of Credit. The proceeds of the Loans and other Credit Events will be used only for general lawful corporate purposespurposes of the Borrower and its Subsidiaries. No part of the proceeds of any Loan will be used, whether directly or indirectly, to purchase or carry Margin Stock or for any purpose that entails a violation of any of the Regulations of the Board, including Regulations T, U and X. Letters of Credit will be issued only to support the ordinary course of business operations of the Borrower and its Subsidiaries.X.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Viatris Inc), Revolving Credit Agreement (Viatris Inc)

Use of Proceeds and Letters of Credit. The proceeds of the Loans will be used only for general corporate purposespurposes of the Company and its Subsidiaries. No part of the proceeds of any Loan will be used, whether directly or indirectly, to purchase or carry Margin Stock or for any purpose that entails a violation of any of the Regulations of the Board, including Regulations T, U and X. Letters of Credit will be issued only to support the ordinary course of business operations general corporate purposes of the Borrower Company and its Subsidiaries.

Appears in 1 contract

Samples: Credit Agreement (Select Comfort Corp)

Use of Proceeds and Letters of Credit. The proceeds of the Loans and the Letters of Credit will be used only for general corporate purposespurposes of the Borrower and the Subsidiaries. No part of the proceeds of any Loan or of any Letter of Credit will be used, whether directly or indirectly, to purchase or carry Margin Stock or for any purpose that entails a violation of any of the Regulations of the Board, including Regulations T, U and X. Letters of Credit will be issued only to support the ordinary course of business operations of the Borrower and its Subsidiaries.X.

Appears in 1 contract

Samples: Lease Agreement (Unisource Energy Corp)

Use of Proceeds and Letters of Credit. The proceeds of the Loans and Letter of Credit will be used only for general corporate purposes, including acquisitions. No part of the proceeds of any Loan will be used, whether directly or indirectly, to purchase or carry Margin Stock or for any purpose that entails a violation of any of the Regulations of the Board, including Regulations T, U and X. Letters of Credit will be issued only to support the ordinary course of business operations of the Borrower and its Subsidiaries.X.

Appears in 1 contract

Samples: Credit Agreement (Idx Systems Corp)

Use of Proceeds and Letters of Credit. The proceeds of the Loans will be used only for working capital and general corporate purposes, including Permitted Acquisitions and share repurchases. No part of the proceeds of any Loan will be used, whether directly or indirectly, to purchase or carry Margin Stock or for any purpose that entails a violation of any of the Regulations of the Board, including Regulations T, U and X. Letters of Credit will be issued only to support the ordinary course of business operations of the Borrower and its Subsidiaries.X.

Appears in 1 contract

Samples: Security Agreement (Deckers Outdoor Corp)

Use of Proceeds and Letters of Credit. The proceeds of the Loans will be used only to pay the Private Placement Notes, to finance the Acquisitions and for working capital and general corporate purposes. No part of the proceeds of any Loan will be used, whether directly or indirectly, to purchase or carry Margin Stock or for any purpose that entails a violation of any of the Regulations of the Board, including Regulations T, U and X. Letters of Credit will be issued only to support the ordinary course of business operations general corporate purposes of the Borrower and its Subsidiaries.. Section 5.09

Appears in 1 contract

Samples: Revolving Credit Agreement

Use of Proceeds and Letters of Credit. The proceeds of the Loans will be used only to finance the Merger and for working capital and general corporate purposes. No part of the proceeds of any Loan will be used, whether directly or indirectly, to purchase or carry Margin Stock or for any purpose that entails a violation of any of the Regulations of the Board, including Regulations T, U and X. Letters of Credit will be issued only to support the ordinary course of business operations general corporate purposes of the Borrower and its Subsidiaries.

Appears in 1 contract

Samples: Credit Agreement (Service Corporation International)

Use of Proceeds and Letters of Credit. The proceeds of the all Loans will be used only for general corporate purposes, including acquisitions. No part of the proceeds of any Loan will be used, whether directly or indirectly, to purchase or carry Margin Stock or for any purpose that entails a violation of any of the Regulations of the Board, including Regulations T, U and X. Letters of Credit will be issued only to support the ordinary course of business operations of the Borrower and its Subsidiariesfor general corporate purposes, including acquisitions.

Appears in 1 contract

Samples: Assignment and Assumption (Yum Brands Inc)

Use of Proceeds and Letters of Credit. The proceeds of the Loans will be used only for working capital and general corporate purposes. No part of the proceeds of any Loan will be used, whether directly or indirectly, to purchase or carry Margin Stock or for any purpose that entails a violation of any of the Regulations of the Board, including Regulations T, U and X. Letters of Credit will be issued only to support the ordinary course of business operations of the Borrower and its Subsidiariesfor general corporate purposes.

Appears in 1 contract

Samples: Credit Agreement (Macy's, Inc.)

Use of Proceeds and Letters of Credit. The proceeds of the all Loans will be used only for general corporate purposes, including acquisitions. No part of the proceeds of any Loan will be used, whether directly or indirectly, to purchase or carry Margin Stock or for any purpose that entails a violation of any of the Regulations of the Board, including Regulations T, U and X. Letters of Credit will be issued only to support the ordinary course of business operations of the Borrower and its Subsidiariesfor general corporate purposes.

Appears in 1 contract

Samples: Credit Agreement (Yum Brands Inc)

Use of Proceeds and Letters of Credit. The proceeds of the Loans will be used only for general corporate purposes, including working capital and acquisitions permitted hereby. No part of the proceeds of any Loan will be used, whether directly or indirectly, to purchase or carry Margin Stock or for any purpose that entails a violation of any of the Regulations of the Board, including Regulations T, U and X. Letters of Credit will shall be issued only used solely to support the ordinary course of business operations obligations of the Borrower Parent and its Subsidiaries.

Appears in 1 contract

Samples: Credit Agreement (Argo Group International Holdings, Ltd.)

Use of Proceeds and Letters of Credit. The proceeds of the Loans will be used only for the Transactions and for working capital and general corporate purposespurposes of the Borrower and its Subsidiaries. No part of the proceeds of any Loan will be used, whether directly or indirectly, to purchase or carry Margin Stock or for any purpose that entails a violation of any of the Regulations of the Board, including Regulations T, U and X. Letters of Credit will be issued only to support the ordinary course of business operations general corporate purposes of the Borrower and its Subsidiaries.

Appears in 1 contract

Samples: Assignment and Assumption (Marathon Petroleum Corp)

Use of Proceeds and Letters of Credit. The proceeds of the Loans will be used only for general corporate purposespurposes (including to back-stop commercial paper issued by the Borrower). No part of the proceeds of any Loan will be used, whether directly or indirectly, to purchase or carry Margin Stock or for any purpose that entails a violation of any of the Regulations of the Board, including Regulations T, U and X. Letters of Credit will be issued only to support the ordinary course of business operations of the Borrower and its Subsidiaries.X.

Appears in 1 contract

Samples: Revolving Credit Agreement (Xto Energy Inc)

Use of Proceeds and Letters of Credit. The proceeds of the Loans will be used only for working capital and general corporate purposesrequirements of the Borrower and its Subsidiaries. No part of the proceeds of any Loan will be used, whether directly or indirectly, to purchase or carry Margin Stock or for any purpose that entails a violation of any law, rule or regulation of any Governmental Authority, including the Regulations of the Board, including Regulations TG, U and X. Letters of Credit will be issued only to support the ordinary course of business operations general corporate requirements of the Borrower and its Subsidiaries.

Appears in 1 contract

Samples: R&b Falcon Corp

Use of Proceeds and Letters of Credit. The proceeds of the Loans will be used only for general corporate purposes, including working capital and acquisitions permitted hereby. No part of the proceeds of any Loan will be used, whether directly or indirectly, to purchase or carry Margin Stock or for any purpose that entails a violation of any of the Regulations of the Board, including Regulations T, U and X. Letters of Credit will be issued only to support the ordinary course of business operations of the Borrower and its Subsidiaries.X.

Appears in 1 contract

Samples: Credit Agreement (Argonaut Group Inc)

Use of Proceeds and Letters of Credit. The proceeds of -------------------------------------- the Loans will be used only for working capital and other general corporate purposes. No part of the proceeds of any Loan will be used, whether directly or indirectly, to purchase or carry Margin Stock or for any purpose that entails a violation of any of the Regulations of the Board, including Regulations T, U and X. Letters of Credit will be issued only to support obligations of the Borrower or any Subsidiary incurred in the ordinary course of business operations of the Borrower and its Subsidiariesfor general corporate purposes.

Appears in 1 contract

Samples: Credit Agreement (Wki Holding Co Inc)

Use of Proceeds and Letters of Credit. The proceeds of the Loans will be used only for general corporate purposes. No part of the proceeds of any Loan will be used, whether directly or indirectly, to purchase or carry Margin Stock or for any purpose that entails a violation of any of the Regulations of the Board, including Regulations T, U and X. Letters of Credit will be issued requested only to support the ordinary course of business operations of the Borrower and its Subsidiariesfor general corporate purposes.

Appears in 1 contract

Samples: Assignment and Assumption (Diamond Offshore Drilling Inc)

Use of Proceeds and Letters of Credit. The proceeds of the Loans will be used only for the general corporate purposespurposes of the Borrower and its Subsidiaries, including the financing of working capital, in the ordinary course of business. No part of the proceeds of any Loan will be used, whether directly or indirectly, to purchase or carry Margin Stock or for any purpose that entails a violation of any of the Regulations of the Board, including Regulations T, U and X. Letters of Credit will be issued only to support the ordinary course of business operations general corporate purposes of the Borrower and its Subsidiaries.

Appears in 1 contract

Samples: Credit Agreement (Sauer Danfoss Inc)

Use of Proceeds and Letters of Credit. The proceeds of the Loans will be used only for working capital, capital expenditures, Permitted Acquisitions and for other general corporate purposespurposes of the Company and its Subsidiaries. No part of the proceeds of any Loan will be used, whether directly or indirectly, to purchase or carry Margin Stock or for any purpose that entails a violation of any of the Regulations of the Board, including Regulations T, U and X. Letters of Credit will be issued only to support the ordinary course of business operations of the Borrower and its Subsidiaries.X.

Appears in 1 contract

Samples: Credit Agreement (Heidrick & Struggles International Inc)

Use of Proceeds and Letters of Credit. The proceeds of the Loans will be used only for general corporate purposespurposes and Permitted Acquisitions. No part of the proceeds of any Loan will be used, whether directly or indirectly, to purchase or carry Margin Stock finance an acquisition other than a Permitted Acquisition or for any purpose that entails a violation of any of the Regulations of the Board, including Regulations T, U and X. Letters of Credit will be issued only to support the ordinary course of business operations of the Borrower and its Subsidiariesfor general corporate purposes.

Appears in 1 contract

Samples: Credit Agreement (Par Technology Corp)

Use of Proceeds and Letters of Credit. The proceeds of the Loans will be used only for working capital and other general corporate purposes. No part of the proceeds of any Loan will be used, whether directly or indirectly, to purchase or carry Margin Stock or for any purpose that entails a violation of any of the Regulations of the Board, including Regulations T, U and X. Letters of Credit will be issued only to support import or other needs in the ordinary course of business operations of the Borrower and its Subsidiariesbusiness.

Appears in 1 contract

Samples: Credit Agreement (Abercrombie & Fitch Co /De/)

Use of Proceeds and Letters of Credit. The proceeds of the Loans will be used only for general corporate purposesworking capital and Permitted Acquisitions. No part of the proceeds of any Loan will be used, whether directly or indirectly, to purchase or carry Margin Stock finance an acquisition or for any purpose that entails a violation of any of the Regulations of the Board, including Regulations T, U and X. Letters of Credit will be issued only to support the ordinary course of business operations of the Borrower and its Subsidiariesfor general corporate purposes.

Appears in 1 contract

Samples: Credit Agreement (Par Technology Corp)

Use of Proceeds and Letters of Credit. The proceeds of the ------------------------------------- Loans will be used only for general corporate purposes. No part of the proceeds of any Loan will be used, whether directly or indirectly, to purchase or carry Margin Stock or for any purpose that entails a violation of any of the Regulations of the Board, including Regulations T, U and X. Letters of Credit will be issued only to support the ordinary course of business operations of the Borrower and its Subsidiariesgeneral corporate purposes.

Appears in 1 contract

Samples: Credit Agreement (Nationwide Health Properties Inc)

Use of Proceeds and Letters of Credit. The proceeds of the Loans will be used only for general corporate purposes. No part of the proceeds of any Loan will be used, whether directly or indirectly, to purchase or carry Margin Stock or for any purpose that entails a violation of any of the Regulations of the Board, including Regulations T, U and X. Letters of Credit will be issued only to support the ordinary course of business operations of the Borrower and its Subsidiaries.X.

Appears in 1 contract

Samples: Joinder Agreement (Pioneer Natural Resources Co)

Use of Proceeds and Letters of Credit. The proceeds of the Loans will be used only for general corporate purposes, including to finance the Acquisition and pay fees and expenses related to the Acquisition and any financings (including under the Credit Documents) related thereto. No part of the proceeds of any Loan will be used, whether directly or indirectly, to purchase or carry Margin Stock or for any purpose that entails a violation of any of the Regulations of the Board, including Regulations T, U and X. Letters of Credit will be issued only to support the ordinary course of business operations of the Borrower and its Subsidiariesgeneral corporate purposes.

Appears in 1 contract

Samples: Assignment and Assumption (Corn Products International Inc)

Use of Proceeds and Letters of Credit. The proceeds of the Loans will be used only for general corporate purposes, including Permitted Acquisitions of the Borrower and its Subsidiaries. No part of the proceeds of any Loan will be used, whether directly or indirectly, to purchase or carry Margin Stock or for any purpose that entails a violation of any of the Regulations of the Board, including Regulations T, U and X. Letters of Credit will be issued only to in support the ordinary course of business operations of the Borrower and its Subsidiariesforegoing permitted purposes.

Appears in 1 contract

Samples: Credit Agreement (Raven Industries Inc)

Use of Proceeds and Letters of Credit. The proceeds of the Loans will be used only for working capital and general corporate purposespurposes of the Borrower and the Subsidiaries. No part of the proceeds of any Loan will be used, whether directly or indirectly, to purchase or carry Margin Stock or for any purpose that entails a violation of any of the Regulations of the Board, including Regulations T, U and X. Letters of Credit will be issued only to support the ordinary course of business operations general corporate purposes of the Borrower and its the Subsidiaries.

Appears in 1 contract

Samples: Assignment and Assumption (Marathon Petroleum Corp)

Use of Proceeds and Letters of Credit. The proceeds of the Loans will be used only for general corporate purposes. No purposes (including as a commercial paper backstop); provided that no part of the proceeds of any Loan will be used, whether directly or indirectly, to purchase for the purpose of purchasing or carry Margin Stock or for any purpose that entails a violation of any of carrying "margin stock" (as defined in the Regulations of the Board, including Regulations T, U and X. ). Letters of Credit will be issued only to support the ordinary course of business operations standby obligations of the Borrower and its SubsidiariesBorrower.

Appears in 1 contract

Samples: Credit Agreement (Bellsouth Corp)

Use of Proceeds and Letters of Credit. The proceeds of the Loans will be used only for general corporate purposespurposes of the Company and its Subsidiaries. No part of the proceeds of any Loan and no Letters of Credit will be used, whether directly or Credit Agreement indirectly, to purchase or carry Margin Stock or for any purpose that entails a violation of any of the Regulations regulations of the Board, including including, without limitation, Regulations T, U and X. Letters of Credit will be issued only to support the ordinary course of business operations for general corporate purposes of the Borrower Company and its Subsidiaries.

Appears in 1 contract

Samples: Credit Agreement (Cambrex Corp)

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Use of Proceeds and Letters of Credit. The proceeds of the Loans will be used only for general corporate purposes. No part of the proceeds of any Loan will be used, whether directly or indirectly, to purchase or carry Margin Stock or for any purpose that entails a violation of any of the Regulations of the Board, including Regulations T, U and X. Letters of Credit will be issued only to support for the ordinary course of business operations of the Borrower and its SubsidiariesBorrower’s general corporate purposes.

Appears in 1 contract

Samples: Credit Agreement (Hurco Companies Inc)

Use of Proceeds and Letters of Credit. The proceeds of the Loans and Acceptances will be used only for general corporate purposes, including Working Capital and acquisitions and Capital Expenditures. No part of the proceeds of any Loan or Acceptance will be used, whether directly or indirectly, to purchase or carry Margin Stock or for any purpose that entails a violation of any of the Regulations of the Board, including Regulations T, U and X. Letters of Credit will be issued only to support the ordinary course of business operations of the Borrower and its Subsidiariesfor general corporate purposes.

Appears in 1 contract

Samples: Credit Agreement (Great Atlantic & Pacific Tea Co Inc)

Use of Proceeds and Letters of Credit. The -------------------------------------------- proceeds of the Loans will be used only for general corporate purposes, including but not limited to capital expenditures. No part of the proceeds of any Loan will be used, whether directly or indirectly, to purchase or carry Margin Stock "margin stock" (as defined by Regulation U) or for any purpose that entails a violation of any of the Regulations of the Board, including Regulations TG, U and X. Letters of Credit will be issued only to support the ordinary course of business operations of the Borrower and its Subsidiaries.X.

Appears in 1 contract

Samples: Credit Agreement (Triton Energy LTD)

Use of Proceeds and Letters of Credit. The proceeds of the Loans will be used only for (a) general corporate purposespurposes of the Borrower and its Subsidiaries and (b) to finance, in whole or in part, acquisitions. No part of the proceeds of any Loan will be used, whether directly or indirectly, to purchase or carry Margin Stock or for any purpose that entails a violation of any of the Regulations of the Board, including Regulations T, U and X. Letters of Credit will be issued only to support the ordinary course purposes specified in clauses (a) and (b) of business operations of the Borrower and its Subsidiariesthis Section.

Appears in 1 contract

Samples: Credit Agreement (Perot Systems Corp)

Use of Proceeds and Letters of Credit. The proceeds of the Loans will be used only for general corporate purposespurposes of the Company and its Subsidiaries. No part of the proceeds of any Loan will be used, whether directly or indirectly, to purchase or carry Margin Stock or for any purpose that entails a violation of any of the Regulations of the Board, including Regulations T, U and X. Letters of Credit will be issued only to in support the ordinary course of business operations of the Borrower and its Subsidiariesforegoing purposes.

Appears in 1 contract

Samples: Credit Agreement (Molex Inc)

Use of Proceeds and Letters of Credit. The proceeds of the Loans will be used only for working capital and other general corporate purposespurposes of the Borrower and its Subsidiaries. No part of the proceeds of any Loan will be used, whether directly or indirectly, to purchase or carry Margin Stock or for any purpose that entails a violation of any of the Regulations of the Board, including Regulations T, U and X. Letters of Credit will be issued only to support obligations of the Borrower or any Subsidiary incurred in the ordinary course of business operations of the Borrower and its Subsidiariesbusiness.

Appears in 1 contract

Samples: Credit Agreement (Seagate Technology PLC)

Use of Proceeds and Letters of Credit. The proceeds of the Loans will be used only for Permitted Acquisitions and general corporate purposespurposes of the Borrower and the Guarantors. No part of the proceeds of any Loan will be used, whether directly or indirectly, to purchase or carry Margin Stock or for any purpose that entails a violation of any of the Regulations of the Board, including Regulations T, U and X. Letters of Credit will be issued only to support the ordinary course of business operations of the Borrower and its Subsidiaries.X.

Appears in 1 contract

Samples: Credit Agreement (National Medical Health Card Systems Inc)

Use of Proceeds and Letters of Credit. The proceeds of the Loans will be used only for general corporate purposes, to provide back-up support for commercial paper issued by the Borrower and for the issuance of Letters of Credit. No part of the proceeds of any Loan will be used, whether directly or indirectly, to purchase or carry Margin Stock or for any purpose that entails a violation of any of the Regulations of the Board, including Regulations T, U and X. Letters of Credit will be issued only to support the ordinary course of business operations general corporate requirements of the Borrower and its Subsidiaries.

Appears in 1 contract

Samples: Credit Agreement (Pennzoil Quaker State Co)

Use of Proceeds and Letters of Credit. The proceeds of the Loans will be used only for general corporate purposespurposes of the respective Borrowers and their Subsidiaries in the ordinary course of business. No part of the proceeds of any Loan will be used, whether directly or indirectly, to purchase or carry Margin Stock or for any purpose that entails a violation of any of the Regulations of the Board, including Regulations T, U and X. Letters of Credit will be issued only to support obligations of the respective Borrowers and their Subsidiaries in the ordinary course of business operations of the Borrower and its Subsidiariesbusiness.

Appears in 1 contract

Samples: Intercreditor Agreement (Patheon Inc)

Use of Proceeds and Letters of Credit. The proceeds of the Loans will be used only for working capital and general corporate purposes, including Permitted Acquisitions. No part of the proceeds of any Loan will be used, whether directly or indirectly, to purchase or carry Margin Stock or for any purpose that entails a violation of any of the Regulations of the Board, including Regulations T, U and X. Letters of Credit will be issued only to support the ordinary course of business operations of the Borrower and its Subsidiaries.X.

Appears in 1 contract

Samples: Security Agreement (Deckers Outdoor Corp)

Use of Proceeds and Letters of Credit. The proceeds of the Loans will be used only for general corporate purposes. No part of the proceeds of any Loan will be used, whether directly or indirectly, to purchase or carry Margin Stock or for any purpose that entails a violation of any of the Regulations of the Board, including Regulations T, U and X. Letters of Credit will be issued only to support the ordinary course Revenue Bonds set forth on Schedule 2.05 for such Letters of business operations of the Borrower and its SubsidiariesCredit.

Appears in 1 contract

Samples: Credit Agreement (Tucson Electric Power Co)

Use of Proceeds and Letters of Credit. The proceeds of the Loans will be used only for general corporate purposespurposes of the Consolidated Entities (including working capital, capital expenditures and acquisitions). No part of the proceeds of any Loan Loan, and no Letter of Credit, will be used, whether directly or indirectly, to purchase or carry Margin Stock or for any purpose that entails a violation of any of the 57 Regulations of the Board, including Regulations T, U and X. Letters of Credit will be issued only to support obligations of the Borrower incurred in the ordinary course of business operations of the Borrower and its Subsidiariesbusiness.

Appears in 1 contract

Samples: Credit Agreement (Lydall Inc /De/)

Use of Proceeds and Letters of Credit. The proceeds ------------------------------------- of the Loans will be used only for general corporate purposes, including negotiated acquisitions. No part of the proceeds of any Loan will be used, whether directly or indirectly, to purchase or carry Margin Stock or for any purpose that entails a violation of any of the Regulations of the Board, including Regulations T, U and X. Letters of Credit will be issued only to support the ordinary course of business operations of the Borrower and its Subsidiariesopera tions.

Appears in 1 contract

Samples: Credit Agreement (Arch Chemicals Inc)

Use of Proceeds and Letters of Credit. The proceeds of the Loans will be used only for the working capital and other general corporate purposespurposes of the Borrower and its Subsidiaries (including the payment of costs, fees and expenses related to the Related Transactions). No part of the proceeds of any Loan will be used, whether directly or indirectly, to purchase or carry Margin Stock or for any purpose that entails a violation of any of the Regulations of the Board, including Regulations T, U and X. Letters of Credit will be issued only to support the ordinary course of business operations general corporate purposes of the Borrower and its Subsidiaries.

Appears in 1 contract

Samples: Credit Agreement (Select Comfort Corp)

Use of Proceeds and Letters of Credit. The proceeds of the Loans will be used only for general corporate purposes. No part of the proceeds of any Loan will be used, whether directly or indirectly, to purchase or carry Margin Stock or for any purpose that entails a violation of any of the Regulations of the Board, including Regulations T, U and X. The Letters of Credit will be issued only to support the ordinary course of business operations of the Borrower and its Subsidiariesused for general corporate purposes.

Appears in 1 contract

Samples: Credit Agreement (Chicago Bridge & Iron Co N V)

Use of Proceeds and Letters of Credit. The proceeds of the Loans will be used only to pay the Private Placement Notes, to finance the Acquisitions and for working capital and general corporate purposes. No part of the proceeds of any Loan will be used, whether directly or indirectly, to purchase or carry Margin Stock or for any purpose that entails a violation of any of the Regulations of the Board, including Regulations T, U and X. Letters of Credit will be issued only to support the ordinary course of business operations general corporate purposes of the Borrower and its Subsidiaries.

Appears in 1 contract

Samples: Revolving Credit Agreement (Service Corporation International)

Use of Proceeds and Letters of Credit. The proceeds of the Loans will be used only for general corporate purposes. No part of the proceeds of any Loan will be used, whether directly or indirectly, to purchase or carry Margin Stock or for any purpose that entails a violation of any of the Regulations of the Board, including Regulations TG, U and X. Letters of Credit will be issued only to support the ordinary course Revenue Bonds set forth on Schedule 2.05 for such Letters of business operations of the Borrower and its SubsidiariesCredit.

Appears in 1 contract

Samples: Credit Agreement (Tucson Electric Power Co)

Use of Proceeds and Letters of Credit. The proceeds of the Loans will be used only for general corporate purposespurposes of Borrower in the ordinary course of business. No part of the proceeds of any Loan will be used, whether directly or indirectly, to purchase or carry Margin Stock or for any purpose that entails a violation of any of the Regulations of the Board, including Regulations T, U and X. Letters of Credit will be issued only to support general corporate purposes of Borrower in the ordinary course of business operations of the Borrower and its Subsidiaries.business. ARTICLE VI

Appears in 1 contract

Samples: Jpmorgan Credit Agreement (Central Vermont Public Service Corp)

Use of Proceeds and Letters of Credit. The proceeds of the Loans will be used only for to finance the working capital and general corporate purposespurposes of the Borrower and to pay fees and expenses associated with the Transactions. No part of the proceeds of any Loan will be used, whether directly or indirectly, to purchase or carry Margin Stock or for any purpose that entails a violation of any of the Regulations of the Board, including Regulations T, U and X. Letters of Credit will be issued only to support the ordinary course of business operations working capital and general corporate purposes of the Borrower and its SubsidiariesBorrower.

Appears in 1 contract

Samples: Credit Agreement (Iris International Inc)

Use of Proceeds and Letters of Credit. The proceeds of the Loans will be used only for general corporate purposespurposes of the Consolidated Entities (including working capital, capital expenditures and acquisitions). No part of the proceeds of any Loan Loan, and no Letter of Credit, will be used, whether directly or indirectly, to purchase or carry Margin Stock or for any purpose that entails a violation of any of the Regulations of the Board, including Regulations T, U and X. Letters of Credit will be issued only to support obligations of the Borrower incurred in the ordinary course of business operations of the Borrower and its Subsidiariesbusiness.

Appears in 1 contract

Samples: Credit Agreement (Lydall Inc /De/)

Use of Proceeds and Letters of Credit. The proceeds of the Loans will be used only for general corporate purposespurposes of the Company and its Subsidiaries, including the refinancing of existing bilateral lines of credit. No part of the proceeds of any Loan will be used, whether directly or indirectly, to purchase or carry Margin Stock or for any purpose that entails a violation of any of the Regulations of the Board, including Regulations T, U and X. Letters of Credit will be issued only to in support the ordinary course of business operations of the Borrower and its Subsidiariesforegoing purposes.

Appears in 1 contract

Samples: Credit Agreement (Molex Inc)

Use of Proceeds and Letters of Credit. The proceeds of the Loans will be used only for general corporate purposespurposes of the Borrower and its Subsidiaries, including the refinancing of the Existing Credit Agreement. No part of the proceeds of any Loan will be used, whether directly or indirectly, to purchase or carry Margin Stock or for any purpose that entails a violation of any of the Regulations of the Board, including Regulations T, U and X. Letters of Credit will be issued only to support the ordinary course of business operations of the Borrower and its Subsidiariesgeneral corporate purposes.

Appears in 1 contract

Samples: Credit Agreement (Robbins & Myers, Inc.)

Use of Proceeds and Letters of Credit. The proceeds of the Loans will be used only for general corporate purposes. No part of the proceeds of any Loan will be used, whether directly or indirectly, to purchase or carry Margin Stock or for any purpose that entails a violation of any of the Regulations of the Board, including Regulations T, U and X. Letters of Credit will be issued only to support the ordinary course of business operations of the Borrower and its SubsidiariesCompliance Certificate general corporate purposes.

Appears in 1 contract

Samples: Credit Agreement (Nationwide Health Properties Inc)

Use of Proceeds and Letters of Credit. The proceeds of the Loans will be used only for general corporate purposes, including working capital and capital expenditures. No part of the proceeds of any Loan will be used, whether directly or indirectly, to purchase or carry Margin Stock or for any purpose that entails a violation of any of the Regulations of the Board, including Regulations T, U and X. Letters of Credit will be issued only to support the ordinary course of business operations of the Borrower and its Subsidiariesfor general corporate purposes.

Appears in 1 contract

Samples: Credit Agreement (Great Atlantic & Pacific Tea Co Inc)

Use of Proceeds and Letters of Credit. The proceeds of the Loans will be used only for general corporate purposespurposes of the Borrower. No part of the proceeds of any Loan will be used, whether directly or indirectly, to purchase or carry Margin Stock or for any purpose that entails a violation of any of the Regulations of the Board, including Regulations T, U and X. Letters of Credit will be issued only to support the ordinary course of business operations of the Borrower and its Subsidiaries.X.

Appears in 1 contract

Samples: Credit Agreement (Mobility Electronics Inc)

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