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 for working capital and general corporate purposes of the Borrower and its Restricted Subsidiaries. The Letters of Credit shall be used for general business purposes in the ordinary course of business or for such other purposes as may be approved by the Administrative Agent. 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 5 contracts

Samples: 364 Day Revolving Credit Agreement (NuStar GP Holdings, LLC), Day Revolving Credit Agreement (NuStar GP Holdings, LLC), 364 Day Revolving Credit Agreement (NuStar GP Holdings, LLC)

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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 of the Borrower and its Restricted Subsidiaries. The Letters of Credit shall be used for general business purposes in the ordinary course of business or for such other purposes as purposes, which may be approved by the Administrative Agentinclude 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.

Appears in 5 contracts

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

Use of Proceeds and Letters of Credit. The proceeds of the Loans will be used only for working capital, capital expenditures and other general corporate purposes of the Borrower and its Restricted Subsidiaries. The Letters of Credit shall be used for general business purposes in the ordinary course of business or for such other purposes as may be approved by the Administrative Agentpurposes. 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. (a) The proceeds of the Revolving Loans will be used for working capital and other general corporate purposes of the Borrower and its Restricted Subsidiaries. The Letters of Credit shall be used for general business purposes in the ordinary course of business or for such other purposes as may be approved by the Administrative Agentpurposes. 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 for general corporate purposes.

Appears in 4 contracts

Samples: Credit Agreement (Tradeweb Markets Inc.), Credit Agreement (Tradeweb Markets Inc.), Credit Agreement (Tradeweb Markets Inc.)

Use of Proceeds and Letters of Credit. The proceeds of the Loans will be used only for working capital and general corporate purposes of the Borrower and its Restricted Subsidiaries. The Letters of Credit shall be used for general business purposes in the ordinary course of business or for such other purposes as may be approved by the Administrative Agentpurposes, including 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 (Federated Department Stores Inc /De/), Credit Agreement (Macy's, Inc.), Credit Agreement (Federated Department Stores Inc /De/)

Use of Proceeds and Letters of Credit. The proceeds of the Loans will be used for only to finance general working capital needs and for other general corporate purposes (including acquisitions), in each case of the Borrower and its Restricted the Subsidiaries. The Letters of Credit shall be used for general business purposes in the ordinary course of business or for such other purposes as may be approved by the Administrative Agent. 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 proceeds of the Loans will be used for only to finance the working capital needs, and for general corporate purposes purposes, including Permitted Acquisitions of the Borrower and its Restricted Subsidiaries. The Letters of Credit shall be used for general business purposes in the ordinary course of business or for such other purposes as may be approved by the Administrative Agent. 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 proceeds of the Loans will be used only for working capital and other general corporate purposes of the Borrower and its Restricted Subsidiaries. The Letters of Credit shall be used for general business purposes in the ordinary course of business or for such other purposes as may be approved by the Administrative Agentpurposes, including, 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 for general working capital and for other general corporate purposes purposes, which may include acquisitions and the repayment of the Borrower and its Restricted Subsidiaries. The Letters of Credit shall be used for general business purposes in the ordinary course of business or for such other purposes as may be approved by the Administrative AgentIndebtedness. 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 (Orion Marine Group Inc), Credit Agreement (Orion Marine Group Inc), Credit Agreement (Orion Marine Group Inc)

Use of Proceeds and Letters of Credit. The proceeds of the Loans will be used only for working capital needs and general corporate purposes purposes, including the repayment of the Borrower debt and its Restricted Subsidiaries. The Letters of Credit shall be used for general business purposes in the ordinary course of business or for such other purposes as may be approved by the Administrative Agentpermitted 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. (a) The proceeds of the Loans will be used only for working capital and general corporate purposes of the Borrower and its Restricted Subsidiaries. The Letters of Credit shall be used for general business purposes in the ordinary course of business or for such other purposes as may be approved by the Administrative Agentpurposes. 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 (Macy's, Inc.), Credit Agreement (Macy's, Inc.)

Use of Proceeds and Letters of Credit. The proceeds of the Loans will be used only for working capital and general corporate purposes of the Borrower and its Restricted Subsidiaries. The Letters of Credit shall be used for general business purposes in the ordinary course of business or for such other purposes as may be approved by the Administrative Agentpurposes. 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 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 proceeds of the Loans and other Credit Events will be used for to finance the working capital needs, and for general corporate purposes (including refinancing of existing Indebtedness, acquisitions and other investments), of the Parent, the Borrower and its Restricted Subsidiaries. The Letters of Credit shall be used for general business purposes in the ordinary course of business or for such other purposes as may be approved by the Administrative Agent. 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 (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 working capital and general corporate business purposes of the Borrower (including capital needs, closing costs, and its Restricted Subsidiaries. The Letters of Credit shall be used financing for general business purposes in the ordinary course of business or for such other purposes as may be approved by the Administrative Agentproperty 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: Assignment and Assumption (Dividend Capital Trust Inc), Assignment and Assumption (DCT Industrial Trust Inc.)

Use of Proceeds and Letters of Credit. The proceeds of the Loans and Letters of Credit will be used for working capital needs, capital expenditures and general corporate purposes of the Borrower and its Restricted Subsidiaries. The Letters of Credit shall be used for general business purposes in the ordinary course of business or for such other purposes as may be approved by the Administrative Agent(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 for general corporate and working capital and general corporate purposes of the Borrower and its Restricted Subsidiaries. The Letters of Credit shall be used for general business purposes in the ordinary course of business or for such other purposes as purposes, which may be approved by the Administrative Agentinclude 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 TU, 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 proceeds of the Loans and other Credit Events will be used for to finance the working capital needs, and for general corporate purposes (including refinancing of existing Indebtedness, acquisitions and other investments), of the Borrower and its Restricted Subsidiaries. The Letters of Credit shall be used for general business purposes in the ordinary course of business or for such other purposes as may be approved by the Administrative Agent. 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 proceeds of the Loans and the Letters of Credit will be used only for the financing of the working capital needs (including acquisitions) of the Borrowers and their Subsidiaries and for general corporate purposes (including payment, prepayment and refinancing of Indebtedness to the Borrower and its Restricted Subsidiaries. The Letters of Credit shall be used for general business purposes in the ordinary course of business or for such other purposes as may be approved extent otherwise permitted by the Administrative Agentthis 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 for general corporate and working capital purposes, which may include Capital Expenditures, the making of Acquisitions, stock buy-backs and general corporate purposes of the Borrower and its Restricted Subsidiaries. The Letters of Credit shall be used for general business purposes in the ordinary course of business or for such other purposes as may be approved by the Administrative Agentrefinancing 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.

Appears in 1 contract

Samples: Credit Agreement (Tetra Technologies Inc)

Use of Proceeds and Letters of Credit. The proceeds of the Loans and other Credit Events will be used for to finance the working capital needs, and for general corporate purposes (including refinancing of existing Indebtedness, acquisitions and other investments), of the Borrower Company and its Restricted Subsidiaries. The Letters of Credit shall be used for general business purposes in the ordinary course of business or for such other purposes as may be approved by the Administrative Agent. 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 working capital and general corporate purposes of the Borrower and its Restricted Subsidiaries. The Letters of Credit shall be used for general business purposes in the ordinary course of business or for such other purposes as working capital purposes, which may be approved by the Administrative Agentinclude refinancing existing Indebtedness 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 T, U and X.

Appears in 1 contract

Samples: Credit Agreement (Lubys Inc)

Use of Proceeds and Letters of Credit. The proceeds of the Loans and Letter of Credit will be used only for refinancing Indebtedness, working capital needs and general corporate purposes of the Borrower and its Restricted Subsidiaries. The Letters of Credit shall be used for general business purposes in the ordinary course of business or for such other purposes as may be approved by the Administrative Agentpurposes, including 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)

Use of Proceeds and Letters of Credit. (a) The proceeds of the Loans will be used only for working capital and general corporate purposes of the Borrower and its Restricted Subsidiaries. The Letters of Credit shall be used for general business purposes in the ordinary course of business or for such other purposes as may be approved by the Administrative AgentPermitted Acquisitions. No part of the proceeds of any Loan and no Letter of Credit will be used, whether directly or indirectly, to 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.X. Letters of Credit will be issued only for general corporate purposes.

Appears in 1 contract

Samples: Credit Agreement (Par Technology Corp)

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Use of Proceeds and Letters of Credit. The proceeds of the Loans will be used only for working capital and general corporate purposes of the Borrower Loan Parties and its Restricted Subsidiaries. The Letters their Subsidiaries not in contravention of the Credit shall be used for general business purposes in the ordinary course of business or for such other purposes as may be approved by the Administrative AgentAgreement. 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 proceeds of the Loans will be used for only to finance the working capital needs, and for general corporate purposes (including refinancing of existing Indebtedness and investments), of the Borrower Company and its Restricted Subsidiaries. The Letters of Credit shall be used for general business purposes in the ordinary course of business or for such other purposes as may be approved by the Administrative Agent. 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 proceeds of the Loans will be used only for refinancing of existing debt and for working capital and general corporate purposes of the Borrower and its Restricted Subsidiaries. The Letters of Credit shall be used for general business purposes in the ordinary course of business or for such other purposes as may be approved by the Administrative Agentpurposes. 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 proceeds of the Loans will be used only for working capital, refinancing existing Indebtedness, investments and Acquisitions permitted hereunder, capital expenditures and other general corporate purposes of the Borrower and its Restricted Subsidiaries. The Letters of Credit shall be used for general business purposes in the ordinary course of business or for such other purposes as may be approved by the Administrative Agentpurposes. 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 proceeds of the Loans and Letters of Credit will be used for solely to finance the working capital needs and general corporate purposes of the Borrower and its Restricted Subsidiaries. The Letters of Credit shall be used for general business purposes in the ordinary course of business or for such other purposes as may be approved by the Administrative Agent. 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 T, U and X..

Appears in 1 contract

Samples: Credit Agreement (Xm Satellite Radio Holdings Inc)

Use of Proceeds and Letters of Credit. The proceeds of the Loans and Letters of Credit will be used only for working capital needs and general corporate purposes of the Borrower and its Restricted Subsidiaries. The Letters of Credit shall be used for general business purposes in the ordinary course of business or for such other purposes as may be approved by the Administrative Agent. 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 proceeds of the Loans will be used only for working capital and other general corporate purposes of the Borrower and its Restricted Subsidiaries. The Letters of Credit shall be used for general business purposes in the ordinary course of business or for such other purposes as may be approved by the Administrative Agentpurposes. 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 T, 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 corporate and working capital purposes, which may include Capital Expenditures, the making of Acquisitions and general corporate purposes of the Borrower and its Restricted Subsidiaries. The Letters of Credit shall be used for general business purposes in the ordinary course of business or for such other purposes as may be approved by the Administrative Agentrefinancing 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.

Appears in 1 contract

Samples: Credit Agreement (Tetra Technologies Inc)

Use of Proceeds and Letters of Credit. The proceeds of the Loans will be used only for working capital and general corporate purposes of purposes, and to repay Indebtedness outstanding on the Borrower and its Restricted Subsidiaries. The Letters of Credit shall be used for general business purposes in the ordinary course of business or for such other purposes as may be approved by the Administrative AgentEffective 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 proceeds of -------------------------------------- the Loans will be used only for working capital and other general corporate purposes (including acquisitions) of the Borrower and its Restricted Subsidiaries. The Letters of Credit shall be used for general business purposes in the ordinary course of business or for such other purposes as may be approved by the Administrative AgentBorrowers. 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 and other general corporate purposes.

Appears in 1 contract

Samples: Credit Agreement (Unisource Worldwide 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 of the Borrower and its Restricted Subsidiaries. The Letters of Credit shall be used for general business purposes in the ordinary course of business or for such other purposes as may be approved by the Administrative AgentPermitted 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 proceeds of the Loans will be used only for working capital and other general corporate purposes of the Borrower and its Restricted Subsidiaries. The Letters of Credit shall be used for general business purposes in the ordinary course of business or for such other purposes as may be approved by the Administrative Agentpurposes. 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 for working capital and general corporate purposes of the Borrower and its Restricted Subsidiaries. The Letters of Credit shall be used for general business purposes in the ordinary course of business or for such other purposes as may be approved by the Administrative Agentworking capital needs. 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 (H&r Block Inc)

Use of Proceeds and Letters of Credit. The Letters of Credit and the proceeds of the Loans will be used only for working capital and general corporate purposes of the Borrower and its Restricted Subsidiaries. The Letters of Credit shall be used for general business purposes in working capital purposes, which may include refinancing existing Indebtedness and costs associated with the ordinary course acquisition of business or for such Fuddruckers, Inc. and other purposes as may be approved by the Administrative Agentacquisitions 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 1 contract

Samples: Credit Agreement (Lubys Inc)

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