Use of Proceeds and Letters of Credit. The proceeds of the Loans will be used only for proper business purposes. No part of the proceeds of any Loan and no Letter of Credit will be used, whether directly or indirectly, or for any purpose that entails a violation of any of the Regulations of the Board, including Regulations T, U and X.
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Samples: Credit Agreement (Material Sciences Corp), Credit Agreement (Material Sciences Corp)
Use of Proceeds and Letters of Credit. The proceeds of the Loans and the Letters of Credit will be used only for proper business purposesgeneral corporate purposes of the Borrower not in contravention of any Requirement of Law or of any Loan Document. No part of the proceeds of any Loan and no or of any Letter of Credit will be used, whether directly or indirectly, or for any purpose that entails a violation of any of the Regulations regulations of the Board, including Regulations T, U and 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 proper business purposesgeneral corporate purposes of the Borrower and its Subsidiaries. No part of the proceeds of any Loan and no Letter Letters of Credit will be used, whether directly or indirectly, 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.X. Letters of Credit will be issued only for general corporate purposes of the Borrower and its Subsidiaries.
Appears in 2 contracts
Samples: 364 Day Credit Agreement (Cambrex Corp), Credit Agreement (Cambrex Corp)
Use of Proceeds and Letters of Credit. The proceeds of the Loans will be used only for proper business general corporate purposes. No part of the proceeds of any Loan and no Letter of Credit will be used, whether directly or indirectly, or for any purpose that entails a violation of any of the Regulations of the Board, including Regulations TG, U and X.X. Letters of Credit will be issued only to support obligations of the Company incurred in the ordinary course of business.
Appears in 2 contracts
Samples: Credit Agreement (Fort Howard Corp), Credit Agreement (Fort James Corp)
Use of Proceeds and Letters of Credit. The proceeds of the Loans will be used used, and Letters of Credit will be issued, only for proper business purposesgeneral corporate purposes of the Company and its Subsidiaries including acquisitions otherwise permitted hereunder. No part of the proceeds of any Loan and no Letter of Credit will be used, whether directly or indirectly, or for any purpose that entails a violation of any of the Regulations of the Board, including Regulations T, U and X.X as in effect from time to time.
Appears in 2 contracts
Samples: Credit Agreement (Brunswick Corp), Credit Agreement (Brunswick Corp)
Use of Proceeds and Letters of Credit. The proceeds of the Loans and Letters of Credit will be used only for proper business purposesgeneral corporate purposes of the U.S. Borrower and its Subsidiaries in the ordinary course of business. No part of the proceeds of any Loan and no nor any Letter of Credit will be used, whether directly or indirectly, or for any purpose or in any manner 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 (Perrigo Co), Credit Agreement (Perrigo Co)
Use of Proceeds and Letters of Credit. The Each Borrower will use the proceeds of the Loans will be used and Acceptances and the Letters of Credit, as applicable, only for proper business general corporate purposes. No part of the proceeds of any Loan and no Letter of Credit or Acceptance will be used, whether directly or indirectly, or for any purpose that entails a violation of any of the Regulations of the Board, including Regulations T, U and X.
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Use of Proceeds and Letters of Credit. The proceeds of the all Loans will be used only for proper business general corporate purposes, including acquisitions. No part of the proceeds of any Loan and no Letter of Credit will be used, whether directly or indirectly, 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, including acquisitions.
Appears in 1 contract
Samples: Credit Agreement (Yum Brands Inc)
Use of Proceeds and Letters of Credit. The proceeds of the Loans and Letters of Credit will be used only for proper business purposesthe Agis Acquisition and general corporate purposes of the U.S. Borrower and its Subsidiaries in the ordinary course of business. No part of the proceeds of any Loan and no nor any Letter of Credit will be used, whether directly or indirectly, or for any purpose or in any manner 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 (Perrigo Co)
Use of Proceeds and Letters of Credit. The proceeds of the Loans will be used only for proper business general corporate purposes. No part of the proceeds of any Loan and no Letter of Credit will be used, whether directly or indirectly, 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 requested only for general corporate purposes.
Appears in 1 contract
Samples: 5 Year Revolving Credit Agreement (Diamond Offshore Drilling Inc)
Use of Proceeds and Letters of Credit. The proceeds of the Loans will be used only for proper business general corporate purposes. No part of the proceeds of any Loan and no Letter of Credit will be used, whether directly or indirectly, 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 for the Borrower’s general corporate purposes.
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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 proper business purposesgeneral corporate purposes of the Borrower and the Subsidiaries. No part of the proceeds of any Loan and no or of any Letter of Credit will be used, whether directly or indirectly, or for any purpose that entails a violation of any of the Regulations of the Board, including Regulations T, U and X.
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Use of Proceeds and Letters of Credit. The proceeds of the all Loans will be used only for proper business general corporate purposes, including acquisitions. No part of the proceeds of any Loan and no Letter of Credit will be used, whether directly or indirectly, 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 (Yum Brands Inc)
Use of Proceeds and Letters of Credit. The proceeds of the Loans will be used used, and Letters of Credit will be issued, only for proper business purposesgeneral corporate purposes of Borrower. No part of the proceeds of any Loan and no Letter of Credit will be used, whether directly or indirectly, or 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 (Koss Corp)
Use of Proceeds and Letters of Credit. The proceeds of the Loans will be used only for proper business purposesgeneral corporate purposes of Borrower in the ordinary course of business. No part of the proceeds of any Loan and no Letter of Credit will be used, whether directly or indirectly, 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 to support general corporate purposes of Borrower in the ordinary course of business.
Appears in 1 contract
Samples: Credit Agreement (Central Vermont Public Service Corp)
Use of Proceeds and Letters of Credit. The proceeds of the Loans and Letter of Credit will be used only for proper business general corporate purposes, including acquisitions. No part of the proceeds of any Loan and no Letter of Credit will be used, whether directly or indirectly, or 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 (Idx Systems Corp)
Use of Proceeds and Letters of Credit. The Borrower will use the proceeds of the Loans will be used and the Letters of Credit, as applicable, only for proper business purposesworking capital needs and for general corporate purposes of the Borrower and its Subsidiaries. No part of the proceeds of any Loan and no or Letter of Credit will be used, whether directly or indirectly, or for any purpose that entails a violation of any of the Regulations of the Board, including Regulations T, U and X.
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Use of Proceeds and Letters of Credit. The proceeds of the Loans and Letters of Credit will be used only for proper business purposes. No general corporate purposes (including any transaction not prohibited by the Loan Documents); provided that no part of the proceeds of any Loan Loan, and no Letter of Credit Credit, will be used, whether directly or indirectly, 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..
Appears in 1 contract
Samples: Credit Agreement (KKR & Co. L.P.)
Use of Proceeds and Letters of Credit. The proceeds of the Loans will be used only for proper business purposesthe general corporate purposes (including commercial paper back-up) of the Borrower and its Subsidiaries. Letters of Credit will be used for the general corporate purposes of the Borrower and its Subsidiaries. No part of the proceeds of any Loan and no Letter of Credit will be used, whether directly or indirectly, or for any purpose that entails constitutes a violation of any of the Regulations regulations of the Board, including Regulations T, U and X.
Appears in 1 contract
Samples: Credit Agreement (Bard C R Inc /Nj/)
Use of Proceeds and Letters of Credit. The proceeds of the Loans will be used only for proper business purposesgeneral corporate purposes of the Company and its Subsidiaries. No part of the proceeds of any Loan and no Letter Letters of Credit will be used, whether directly or Credit Agreement indirectly, 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.X. Letters of Credit will be issued only for general corporate purposes of the Company and its Subsidiaries.
Appears in 1 contract
Samples: Credit Agreement (Cambrex Corp)
Use of Proceeds and Letters of Credit. The proceeds of the Loans will be used only for proper business purposesgeneral corporate purposes of the Borrower. No part of the proceeds of any Loan and no Letter of Credit will be used, whether directly or indirectly, or for any purpose that entails a violation of any of the Regulations of the Board, including Regulations T, U and X.
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Use of Proceeds and Letters of Credit. The proceeds of the Loans will be used only for proper business general corporate purposes, including working capital and acquisitions permitted hereby. No part of the proceeds of any Loan and no Letter of Credit will be used, whether directly or indirectly, or for any purpose that entails a violation of any of the Regulations of the Board, including Regulations T, U and X.
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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 proper business general corporate purposes. No part of the proceeds of any Loan and no or of any Letter of Credit will be used, whether directly or indirectly, or for any purpose that entails a violation of any of the Regulations regulations of the Board, including Regulations T, U and X.
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Use of Proceeds and Letters of Credit. The proceeds of the Loans will be used used, and Letters of Credit will be issued, only for proper business general corporate purposes. No part of the proceeds of any Loan and no Letter of Credit will be used, whether directly or indirectly, or 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 (Mallinckrodt PLC)
Use of Proceeds and Letters of Credit. The proceeds of the Loans will be used used, and Letters of Credit will be issued, only for proper business purposesgeneral corporate purposes of the Borrower and its Subsidiaries. No part of the proceeds of any Loan and no Letter of Credit will be used, whether directly or indirectly, or for any purpose that entails a violation of any of the Regulations of the Board, including Regulations T, U and X.X as in effect from time to time.
Appears in 1 contract
Samples: Credit Agreement (Brunswick Corp)
Use of Proceeds and Letters of Credit. The proceeds of the Loans ------------------------------------- Loans, and the Letters of Credit issued hereunder, will be used only for proper business purposesgeneral corporate purposes of the Company and its Subsidiaries. No part of the proceeds of any Loan and no Letter of Credit will be used, whether directly or indirectly, or 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 (Griffon Corp)
Use of Proceeds and Letters of Credit. The proceeds of ------------------------------------- the Loans Loans, and the Letters of Credit issued hereunder, will be used only for proper business purposesgeneral corporate purposes of the Company and its Subsidiaries. No part of the proceeds of any Loan and no Letter of Credit will be used, whether directly or indirectly, or 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 (Griffon Corp)
Use of Proceeds and Letters of Credit. The proceeds of the Loans will be used only for proper business purposesgeneral corporate purposes of the Company and its Subsidiaries. No part of the proceeds of any Loan and no Letter of Credit will be used, whether directly or indirectly, 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 to support general corporate purposes of the Company and its Subsidiaries.
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