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 the purposes set forth in the preamble of 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 U and X. Letters of Credit will be issued only for general corporate purposes.

Appears in 9 contracts

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

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Use of Proceeds and Letters of Credit. The proceeds of the Loans and the Letters of Credit will be used only for the purposes set forth referred to in the preamble of to 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. Letters of Credit will be issued only for general corporate purposes.X.

Appears in 6 contracts

Samples: First Lien Credit Agreement (Goodyear Tire & Rubber Co /Oh/), Revolving Credit Agreement (Goodyear Tire & Rubber Co /Oh/), First Lien Credit Agreement (Goodyear Tire & Rubber Co /Oh/)

Use of Proceeds and Letters of Credit. The proceeds of the Loans and the Letters of Credit will be used only for the purposes set forth in the preamble of to 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. Letters of Credit will be issued only for general corporate purposes.X.

Appears in 5 contracts

Samples: Five Year Competitive Advance and Revolving Credit Facility Agreement (Sunoco Inc), Credit Facility Agreement (Sunoco Inc), Five Year Competitive Advance and Revolving Credit Facility Agreement (Sunoco Inc)

Use of Proceeds and Letters of Credit. The Borrower will cause the proceeds of the Loans will and the Letters of Credit to be used only for the purposes set forth referred to in the preamble of to 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 U and X. Letters of Credit will be issued only for general corporate purposes.X.

Appears in 4 contracts

Samples: Credit Agreement (Belo Corp), Five Year Competitive Advance and Revolving Credit Facility Agreement (Belo Corp), Credit Agreement (A. H. Belo CORP)

Use of Proceeds and Letters of Credit. The proceeds of the Loans will be used only for the purposes set forth in the preamble of this Agreementgeneral 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. Letters of Credit will be issued only for to support general corporate purposes.

Appears in 3 contracts

Samples: Revolving Credit Agreement (Ingredion Inc), Credit Agreement (Nationwide Health Properties Inc), Credit Agreement (Nationwide Health Properties Inc)

Use of Proceeds and Letters of Credit. The proceeds of the Loans and issuances of Letters of Credit will be used only for the purposes set forth in the preamble of 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 U and X. Letters of Credit will be issued only for general corporate purposes.X.

Appears in 3 contracts

Samples: Credit Agreement (Alamosa Properties Lp), Credit Agreement (Alamosa Properties Lp), Credit Agreement (Alamosa Holdings Inc)

Use of Proceeds and Letters of Credit. The Borrower will use the proceeds of the Loans will be used and the Letters of Credit only for the purposes set forth in the preamble of to 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. Letters of Credit will be issued only for general corporate purposes.X.

Appears in 2 contracts

Samples: Credit Agreement (Pegasus Solutions Inc), Credit Agreement (Investools Inc)

Use of Proceeds and Letters of Credit. The proceeds of the Loans and each Letter of Credit will be used only for the purposes set forth in the preamble of 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. Letters of Credit will be issued only for general corporate purposes.X.

Appears in 2 contracts

Samples: Credit Agreement (Lpa Services Inc), Credit Agreement (Donjoy LLC)

Use of Proceeds and Letters of Credit. The proceeds of the Loans will be used only for the purposes set forth referred to in the preamble of to 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. Letters of Credit will be issued only for general corporate purposesto support obligations incurred by the Borrower and the Subsidiaries in the ordinary course of business.

Appears in 2 contracts

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

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Use of Proceeds and Letters of Credit. The proceeds of the Loans Borrowings hereunder will be used only for the purposes set forth in the preamble of to 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 U and X. Letters of Credit will be issued only for general corporate purposes.X.

Appears in 2 contracts

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

Use of Proceeds and Letters of Credit. The Use the proceeds of the Loans will be used only for the purposes set forth in the preamble of this Agreement. No , and not use any part of the proceeds of any Loan will be usedLoan, 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. Use Letters of Credit will be issued only for general corporate purposes.

Appears in 1 contract

Samples: Credit Agreement (Thomson Corp /Can/)

Use of Proceeds and Letters of Credit. The Borrowers will use the proceeds of the Loans will be used and the Letters of Credit only for the purposes set forth in the preamble of to 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. Letters of Credit will be issued only for general corporate purposes.X.

Appears in 1 contract

Samples: Credit Agreement (CHG Healthcare Services, Inc.)

Use of Proceeds and Letters of Credit. The proceeds of the Loans and the Letters of Credit will be used only for the purposes set forth in the preamble of to this Agreement. 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. Letters of Credit will be issued only for general corporate purposes.X.

Appears in 1 contract

Samples: Credit Agreement (Sunoco Inc)

Use of Proceeds and Letters of Credit. The proceeds of the Loans will be used only for in accordance with the purposes conditions set forth in the preamble of this AgreementSection 3.17. 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. Letters of Credit will be issued only for general to support lawful corporate purposes.

Appears in 1 contract

Samples: Credit Agreement (Radio One, Inc.)

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