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

Use of Proceeds and Letters of Credit. The Letters of Credit and the proceeds of the Loans will be used only for general working capital purposes, which may include refinancing existing Indebtedness. No part of the proceeds of any Loan 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.

Appears in 5 contracts

Samples: Credit Agreement (Poindexter J B & Co Inc), Credit Agreement (Lubys Inc), Credit Agreement (Lubys Inc)

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Use of Proceeds and Letters of Credit. The Letters of Credit and the proceeds of the Loans will be used only for working capital, capital expenditures and other general working capital corporate purposes, which may include refinancing existing Indebtedness. No part of the proceeds of any Loan will be used, whether directly or indirectly, for any purpose that entails a violation of any of the Regulations of the Board, including Regulations T, U and X.X. Letters of Credit will be issued only to support import or other needs in the ordinary course of business.

Appears in 4 contracts

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

Use of Proceeds and Letters of Credit. The Letters of Credit and the proceeds of the Loans will be used only for general working capital and for other general corporate purposes, which may include refinancing existing acquisitions and the repayment of Indebtedness. No part of the proceeds of any Loan 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.

Appears in 3 contracts

Samples: Credit Agreement (Orion Marine Group Inc), Credit Agreement (Orion Marine Group Inc), Credit Agreement (Orion Marine Group Inc)

Use of Proceeds and Letters of Credit. The Letters of Credit and the proceeds of the Loans will be used only for general working capital and general corporate purposes, which may include refinancing existing Indebtednessincluding to support commercial paper. No part of the proceeds of any Loan will be used, whether directly or indirectly, for any purpose that entails a violation of any of the Regulations of the Board, including Regulations T, U and X.X. Letters of Credit will be issued only for general corporate purposes.

Appears in 3 contracts

Samples: Credit Agreement (Macy's, Inc.), Credit Agreement (Federated Department Stores Inc /De/), Credit Agreement (Federated Department Stores Inc /De/)

Use of Proceeds and Letters of Credit. The Letters of Credit and the proceeds of the Loans will be used only for general working capital and other general corporate purposes, which may include refinancing existing Indebtednessincluding, without limitation, Acquisitions. No part of the proceeds of any Loan will be used, whether directly or indirectly, for any purpose that entails a violation of any of the Regulations of the Board, including Regulations T, U and X.

Appears in 3 contracts

Samples: Credit Agreement (Benchmark Electronics Inc), Credit Agreement (Benchmark Electronics Inc), Credit Agreement (Benchmark Electronics Inc)

Use of Proceeds and Letters of Credit. The Letters of Credit and the proceeds of the Loans will be used only to finance the working capital needs, and for general working capital corporate purposes, which may include refinancing existing Indebtednessincluding Permitted Acquisitions of the Borrower and its Subsidiaries. No part of the proceeds of any Loan will be used, whether directly or indirectly, for any purpose that entails a violation of any of the Regulations regulations of the Board, including Regulations T, U and X.

Appears in 3 contracts

Samples: Credit Agreement (Cole Kenneth Productions Inc), Credit Agreement (Cole Kenneth Productions Inc), Credit Agreement (Arbitron Inc)

Use of Proceeds and Letters of Credit. The Letters of Credit and the proceeds of the Loans will be used only for general working capital needs and general corporate purposes, which may include refinancing existing Indebtednessincluding the repayment of debt and permitted acquisitions. No part of the proceeds of any Loan will be used, whether directly or indirectly, for any purpose that entails a violation of any of the Regulations of the Board, including Regulations T, U and X.X. Letters of Credit will be issued only to support working capital needs and general corporate purposes.

Appears in 3 contracts

Samples: Revolving Credit and Term Loan Agreement (Healthcare Trust of America, Inc.), Credit Agreement (Healthcare Trust of America, Inc.), Credit Agreement (Healthcare Trust of America, Inc.)

Use of Proceeds and Letters of Credit. The Letters of Credit and the proceeds of the Loans will be used only for to finance general working capital purposesneeds and for other general corporate purposes (including acquisitions), which may include refinancing existing Indebtednessin each case of the Borrower and the Subsidiaries. No part of the proceeds of any Loan will be used, whether directly or indirectly, for any purpose that entails a violation of any of the Regulations of the Board, including Regulations T, U and X.X. Letters of Credit will be used only for general corporate purposes.

Appears in 3 contracts

Samples: Credit Agreement (Usg Corp), Credit Agreement (Usg Corp), Credit Agreement (Usg Corp)

Use of Proceeds and Letters of Credit. The Letters of Credit and Each Borrower will use the proceeds of the Loans will be used and Acceptances and the Letters of Credit, as applicable, only for general working capital purposes, which may include needs and for general corporate purposes of the Company and its Subsidiaries including the refinancing existing of outstanding Indebtedness. No part of the proceeds of any Loan or Acceptance will be used, whether directly or indirectly, for any purpose that entails a violation of any of the Regulations of the Board, including Regulations T, U and X.

Appears in 2 contracts

Samples: Credit Agreement (Yrc Worldwide Inc), Credit Agreement (Yrc Worldwide Inc)

Use of Proceeds and Letters of Credit. The Letters of Credit and the proceeds of the Loans and other Credit Events will be used only to finance the working capital needs, and for general working capital purposes, which may include corporate purposes (including refinancing of existing Indebtedness, acquisitions and other investments), of the Borrower and its Subsidiaries. No part of the proceeds of any Loan will be used, whether directly or indirectly, for any purpose that entails a violation of any of the Regulations of the Board, including Regulations T, U and X.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Mylan N.V.), Credit Agreement (Mylan Inc.)

Use of Proceeds and Letters of Credit. The Letters of Credit and the proceeds of the Loans will be used only for general working capital and general corporate purposes, which may include refinancing existing Indebtedness. No part of the proceeds of any Loan 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.X. Letters of Credit will be issued only to support the general corporate requirements of the Borrower and its Subsidiaries.

Appears in 2 contracts

Samples: Credit Agreement (Pennzoil Quaker State Co), Credit Agreement (Pennzenergy Co)

Use of Proceeds and Letters of Credit. The Letters of Credit and the proceeds of the Loans and other Credit Events will be used only to finance the working capital needs, and for general working capital purposes, which may include corporate purposes (including refinancing of existing Indebtedness, acquisitions and other investments), of the Parent, the Borrower and its Subsidiaries. No part of the proceeds of any Loan will be used, whether directly or indirectly, for any purpose that entails a violation of any of the Regulations of the Board, including Regulations T, U and X.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Mylan N.V.), Revolving Credit Agreement (Mylan N.V.)

Use of Proceeds and Letters of Credit. The Letters of Credit and the proceeds of the Loans will be used only for general corporate and working capital purposes, which may include refinancing existing Indebtedness. No part of the proceeds of any Loan 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 U, T and X.

Appears in 2 contracts

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

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

Appears in 2 contracts

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

Use of Proceeds and Letters of Credit. The Letters of Credit and the proceeds of the Loans will be used only for general working business purposes of the Borrower (including capital purposesneeds, which may include refinancing existing Indebtednessclosing costs, and financing for property acquisitions). No part of the proceeds of any Loan will be used, whether directly or indirectly, for any purpose that entails a violation of any of the Regulations of the Board, including Regulations T, U and X.

Appears in 2 contracts

Samples: Credit Agreement (DCT Industrial Trust Inc.), Credit Agreement (Dividend Capital Trust Inc)

Use of Proceeds and Letters of Credit. The Letters of Credit and the proceeds of the Loans and the Letters of Credit will be used only for general the financing of the working capital purposesneeds (including acquisitions) of the Borrowers and their Subsidiaries and for general corporate purposes (including payment, which may include prepayment and refinancing existing Indebtednessof Indebtedness to the extent otherwise permitted by this Agreement). No part of the proceeds of any Loan will be used, whether directly or indirectly, for any purpose that entails a violation of any of the Regulations of the Board, including Regulations T, U and X.

Appears in 2 contracts

Samples: Credit Agreement (FelCor Lodging Trust Inc), Credit Agreement (FelCor Lodging Trust Inc)

Use of Proceeds and Letters of Credit. The Letters of Credit and the proceeds of the Loans will be used only to pay the Private Placement Notes, to finance the Acquisitions and for general working capital and general corporate purposes, which may include refinancing existing Indebtedness. No part of the proceeds of any Loan will be used, whether directly or indirectly, for any purpose that entails a violation of any of the Regulations of the Board, including Regulations T, U and X.X. Letters of Credit will be issued only to support the general corporate purposes of the Borrower and its Subsidiaries.

Appears in 2 contracts

Samples: Revolving Credit Agreement, Revolving Credit Agreement (Service Corporation International)

Use of Proceeds and Letters of Credit. The Letters of Credit and the proceeds of the Loans and Letters of Credit will be used only for general working capital purposesneeds, which may include refinancing existing Indebtednesscapital expenditures and general corporate purposes (including Acquisitions permitted hereunder). No part of the proceeds of any Loan will be used, whether directly or indirectly, for any purpose that entails a violation of any of the Regulations of the Board, including Regulations T, U and X.

Appears in 2 contracts

Samples: Credit Agreement (Tesco Corp), Credit Agreement (Tesco Corp)

Use of Proceeds and Letters of Credit. The Letters of Credit and the proceeds of the Loans will be used only to finance the working capital needs, and for general working capital purposescorporate purposes (including refinancing of existing Indebtedness and investments), which may include refinancing existing Indebtednessof the Company and its Subsidiaries. No part of the proceeds of any Loan will be used, whether directly or indirectly, for any purpose that entails a violation of any of the Regulations of the Board, including Regulations T, U and X.

Appears in 1 contract

Samples: Credit and Guarantee Agreement (Mylan Laboratories Inc)

Use of Proceeds and Letters of Credit. The Letters of Credit and the proceeds of the Loans will be used only for general working capital and other general corporate purposes, which may include refinancing existing Indebtedness. No part of the proceeds of any Loan will be used, whether directly or indirectly, for any purpose that entails a (62) violation of any of the Regulations of the Board, including Regulations U and X.X. Letters of Credit will be issued only for general corporate purposes.

Appears in 1 contract

Samples: Credit Agreement (Pathmark Stores Inc)

Use of Proceeds and Letters of Credit. The Letters of Credit and the proceeds of the Loans will be used only for general working capital and other general corporate purposes, which may include refinancing existing Indebtedness. No part of the proceeds of any Loan 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.X. Letters of Credit will be issued only to support import or other needs in the ordinary course of business.

Appears in 1 contract

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

Use of Proceeds and Letters of Credit. The Letters of Credit and the proceeds of the Loans will be used only for general working capital and general corporate purposes, which may include refinancing existing Indebtednessincluding Permitted Acquisitions and share repurchases. No part of the proceeds of any Loan will be used, whether directly or indirectly, for any purpose that entails a violation of any of the Regulations of the Board, including Regulations T, U and X.

Appears in 1 contract

Samples: Credit Agreement (Deckers Outdoor Corp)

Use of Proceeds and Letters of Credit. The Letters of Credit and the proceeds of the Loans will be used only for general corporate purposes or for working capital purposes, which may include refinancing existing Indebtednessneeds. No part of the proceeds of any Loan 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.

Appears in 1 contract

Samples: Credit and Guarantee Agreement (H&r Block Inc)

Use of Proceeds and Letters of Credit. The Letters of Credit and the proceeds of the Loans and Letters of Credit will be used only to refinance existing obligations of the Borrowers and the Guarantors and for general the Target Acquisitions, other permitted Acquisitions, working capital purposes, which may include refinancing existing Indebtednessneeds and capital expenditures. No part of the proceeds of any Loan will be used, whether directly or indirectly, for any purpose that entails a violation of any of the Regulations of the Board, including Regulations T, U and X.

Appears in 1 contract

Samples: Credit Agreement (Tesco Corp)

Use of Proceeds and Letters of Credit. The Letters of Credit and the proceeds of the Loans will be used only for general working capital purposes, which may include refinancing existing Indebtednessand general corporate purposes of the Borrower and the Subsidiaries. No part of the proceeds of any Loan will be used, whether directly or indirectly, for any purpose that entails a violation of any of the Regulations of the Board, including Regulations T, U and X.X. Letters of Credit will be issued only to support the general corporate purposes of the Borrower and the Subsidiaries.

Appears in 1 contract

Samples: Revolving Credit Agreement (Marathon Petroleum Corp)

Use of Proceeds and Letters of Credit. The Letters of Credit and the proceeds of the Loans and Letter of Credit will be used only for general refinancing Indebtedness, working capital needs and general corporate purposes, which may include refinancing existing Indebtednessincluding acquisitions. No part of the proceeds of any Loan will be used, whether directly or indirectly, for any purpose that entails a violation of any of the Regulations of the Board, including Regulations T, U and X.

Appears in 1 contract

Samples: Credit Agreement (Meadowbrook Insurance Group Inc)

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Use of Proceeds and Letters of Credit. The Letters of Credit and the proceeds of the Loans will be used only for general working capital and general corporate purposes, which may include refinancing existing Indebtednessincluding Permitted Acquisitions. No part of the proceeds of any Loan will be used, whether directly or indirectly, for any purpose that entails a violation of any of the Regulations of the Board, including Regulations T, U and X.

Appears in 1 contract

Samples: Credit Agreement (Deckers Outdoor Corp)

Use of Proceeds and Letters of Credit. The Letters of Credit and the proceeds of the Loans and Letters of Credit will be used only for general working capital purposes, which may include refinancing existing Indebtednessneeds and general corporate purposes of the Borrower and its Subsidiaries. No part of the proceeds of any Loan will be used, whether directly or indirectly, for any purpose that entails a violation of any of the Regulations of the Board, including Regulations T, U and X.

Appears in 1 contract

Samples: Credit Agreement (Caraco Pharmaceutical Laboratories LTD)

Use of Proceeds and Letters of Credit. The Letters of Credit and the proceeds of the Loans will be used only for general working capital purposes, which may include refinancing existing Indebtednessand other general corporate purposes or for Permitted Acquisitions. No part of the proceeds of any Loan and no 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 T, U and X.X. Letters of Credit will be issued only to support general corporate purposes.

Appears in 1 contract

Samples: Credit Agreement (Echo Global Logistics, Inc.)

Use of Proceeds and Letters of Credit. The Letters of Credit and the proceeds of -------------------------------------- the Loans will be used only for general working capital purposes, which may include refinancing existing Indebtednessand other general corporate purposes (including acquisitions) of the Borrowers. No part of the proceeds of any Loan 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.X. Letters of Credit will be issued only to support working capital and other general corporate purposes.

Appears in 1 contract

Samples: Credit Agreement (Unisource Worldwide Inc)

Use of Proceeds and Letters of Credit. The Letters of Credit and the proceeds of the Loans will be used only for general working capital purposes, which may include refinancing existing Indebtednessand Permitted Acquisitions. No part of the proceeds of any Loan will be used, whether directly or indirectly, to 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.X. Letters of Credit will be issued only for general corporate purposes.

Appears in 1 contract

Samples: Credit Agreement (Par Technology Corp)

Use of Proceeds and Letters of Credit. The Letters of Credit and the proceeds of the Loans will be used only for general working capital purposes, which may include refinancing existing Indebtednessand general corporate purposes of the Loan Parties and their Subsidiaries not in contravention of the Credit Agreement. No part of the proceeds of any Loan will be used, whether directly or indirectly, for any purpose that entails a violation of any of the Regulations of the Board, including Regulations T, U and X.X. Letters of Credit will be issued only to support the working capital needs and other general corporate purposes of the Loan Parties and their Subsidiaries not in contravention of the Credit Agreement.

Appears in 1 contract

Samples: Credit Agreement (CF Industries Holdings, Inc.)

Use of Proceeds and Letters of Credit. The Letters of Credit and the proceeds of the Loans will be used only for general corporate and working capital purposes, which may include Capital Expenditures, the making of Acquisitions, stock buy-backs and refinancing existing Indebtedness. No part of the proceeds of any Loan 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.

Appears in 1 contract

Samples: Credit Agreement (Tetra Technologies Inc)

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

Appears in 1 contract

Samples: Revolving Credit Agreement (Wki Holding Co Inc)

Use of Proceeds and Letters of Credit. The Letters of Credit and the proceeds of the Loans will be used only for general refinancing of existing debt and for working capital and general corporate purposes, which may include refinancing existing Indebtedness. No part of the proceeds of any Loan and no Letter of Credit will be used, whether directly or indirectly, (i) for any purpose that entails a violation of any of the Regulations of the Board, including Regulations T, U and X.X or (ii) to make any Acquisition other than Permitted Acquisitions.

Appears in 1 contract

Samples: Credit Agreement (Transcat Inc)

Use of Proceeds and Letters of Credit. The Letters of Credit and the proceeds of the Loans will be used only for general working capital purposescapital, which may include refinancing existing Indebtedness, investments and Acquisitions permitted hereunder, capital expenditures and other general corporate purposes. No part of the proceeds of any Loan will be used, whether directly or indirectly, for any purpose that entails a violation of any of the Regulations of the Board, including Regulations T, U and X.X. Letters of Credit will be issued only to support import or other needs in the ordinary course of business.

Appears in 1 contract

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

Use of Proceeds and Letters of Credit. The Letters of Credit and the proceeds of the Loans will be used only for general working capital and general corporate purposes, which may include refinancing existing Indebtednessand to repay Indebtedness outstanding on the Effective Date. No part of the proceeds of any Loan and no 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 T, U and X.

Appears in 1 contract

Samples: Credit Agreement (Zoltek Companies Inc)

Use of Proceeds and Letters of Credit. The Letters of Credit and the proceeds of the Loans and other Credit Events will be used only to finance the working capital needs, and for general working capital purposes, which may include corporate purposes (including refinancing of existing Indebtedness, acquisitions and other investments), of the Company and its Subsidiaries. No part of the proceeds of any Loan will be used, whether directly or indirectly, for any purpose that entails a violation of any of the Regulations of the Board, including Regulations T, U and X.

Appears in 1 contract

Samples: Revolving Credit Agreement (Mylan Inc.)

Use of Proceeds and Letters of Credit. The Letters of Credit and the proceeds of the Loans will be used only for general working capital and other general corporate purposes, which may include refinancing existing Indebtedness. No part of the proceeds of any Loan will be used, whether directly or indirectly, for any purpose that entails a violation of any of the Regulations of the Board, including Regulations T, U and X.X. Letters of Credit will be issued only to support working capital needs and general corporate obligations.

Appears in 1 contract

Samples: Credit Agreement (American Electric Technologies Inc)

Use of Proceeds and Letters of Credit. The Letters of Credit and the proceeds of the Loans will be used only for general corporate and working capital purposes, which may include Capital Expenditures, the making of Acquisitions and refinancing existing Indebtedness. No part of the proceeds of any Loan 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.

Appears in 1 contract

Samples: Credit Agreement (Tetra Technologies Inc)

Use of Proceeds and Letters of Credit. The Letters of Credit and the proceeds of the Loans will be used only for general corporate purposes and for general working capital purposes, which may include refinancing existing IndebtednessIndebtedness and costs associated with acquisitions permitted hereunder. No part of the proceeds of any Loan 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.

Appears in 1 contract

Samples: Credit Agreement (Lubys Inc)

Use of Proceeds and Letters of Credit. The Letters of Credit and the proceeds of the Loans will be used only for general working capital and general corporate purposes, which may include refinancing existing Indebtedness. No part of the proceeds of any Loan will be used, whether directly or indirectly, for any purpose that entails a violation of any of the Regulations of the Board, including Regulations T, U and X.X. Letters of Credit will be issued only for general corporate purposes.

Appears in 1 contract

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

Use of Proceeds and Letters of Credit. The Letters of Credit and the proceeds of the Loans and Letters of Credit will be used only for general solely to finance the working capital purposes, which may include refinancing existing Indebtednessneeds and general corporate purposes of the Borrower and its Subsidiaries. No part of the proceeds of any Loan will be used, whether directly or indirectly, for any purpose that entails a violation of any of the Margin Regulations of the Board, including Regulations U and X..

Appears in 1 contract

Samples: Credit Agreement (Xm Satellite Radio Holdings Inc)

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