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, acquisitions, capital expenditures and other general corporate purposes. Letters of Credit will be used for the Borrower’s and its Subsidiaries’ 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 of Governors of the Federal Reserve System of the United States of America, including Regulations U and X.

Appears in 7 contracts

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

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Use of Proceeds and Letters of Credit. The Borrower will use the proceeds of the all Loans will be used to finance working capital needs, to refinance existing debt, to finance Permitted Acquisitions and for working capital, acquisitions, capital expenditures and other general corporate purposes. Letters purposes of Credit will be used for the Borrower’s Borrower and its Subsidiaries’ 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 would violate any of the Regulations rule or regulation of the Board of Governors of the Federal Reserve System of the United States of AmericaSystem, including Regulations T, U and X.or X. All Letters of Credit will be used for general corporate purposes.

Appears in 3 contracts

Samples: Revolving Credit Agreement (Aaron Rents Inc), Revolving Credit Agreement (Aaron Rents Inc), Revolving Credit Agreement (Aaron Rents Inc)

Use of Proceeds and Letters of Credit. The Borrower will use the proceeds of the all Loans will be used to finance working capital needs and for working capital, acquisitions, capital expenditures and other general corporate purposes. Letters purposes of Credit will be used for the Borrower’s Borrower and its Subsidiaries’ 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 would violate any of the Regulations rule or regulation of the Board of Governors of the Federal Reserve System of the United States of AmericaSystem, including Regulations T, U and X.or X. All Letters of Credit will be used for general corporate purposes.

Appears in 2 contracts

Samples: Revolving Credit Agreement (NGP Capital Resources CO), Revolving Credit Agreement (Panera Bread Co)

Use of Proceeds and Letters of Credit. The proceeds of the Loans will be used for working capital, acquisitions, capital expenditures and other general corporate purposes. Letters of Credit will be used for the such Borrower’s and its their respective Subsidiaries’ 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 of Governors of the Federal Reserve System of the United States of America, including Regulations U and X.

Appears in 2 contracts

Samples: Credit Agreement (Williams Pipeline Partners L.P.), Credit Agreement (Williams Partners L.P.)

Use of Proceeds and Letters of Credit. The Borrower will use the proceeds of the all Loans will be used to finance working capital needs and for working capital, acquisitions, capital expenditures and other general corporate purposes. Letters purposes of Credit will be used for the Borrower’s Borrower and its Restricted Subsidiaries’ general corporate purposes, 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 would violate any of the Regulations rule or regulation of the Board of Governors of the Federal Reserve System of the United States of AmericaSystem, including Regulations T, U and X.or X. All Letters of Credit will be used for general corporate purposes.

Appears in 2 contracts

Samples: Subsidiary Guaranty Agreement (Newmarket Corp), Revolving Credit Agreement (Newmarket Corp)

Use of Proceeds and Letters of Credit. The Borrower will use the proceeds of the all Loans will be used to finance working capital needs, to finance acquisitions and for working capital, acquisitions, capital expenditures and other general corporate purposes. Letters purposes of Credit will be used for the Borrower’s Borrower and its Subsidiaries’ 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 would violate any of the Regulations rule or regulation of the Board of Governors of the Federal Reserve System of the United States of AmericaSystem, including Regulations T, U and X.or X. All Letters of Credit shall be used for general corporate purposes.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Deltic Timber Corp), Revolving Credit Agreement (Deltic Timber Corp)

Use of Proceeds and Letters of Credit. The proceeds of the Loans (including any Letters of Credit) will be used only for general working capital, acquisitions, capital expenditures purposes and other general corporate purposes. Letters purposes of Credit will be used for the Borrower’s and its Subsidiaries’ general corporate purposes. No part of the proceeds of any Loan and none of the Letters of Credit will be used, whether directly or indirectly, for any purpose that entails a violation of any of the Regulations regulations of the Board of Governors of the Federal Reserve System of the United States of America(or any successor body), including Regulations T, U and X.

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Capital Automotive Reit)

Use of Proceeds and Letters of Credit. The Borrower will use the proceeds of the all Loans will be used to finance working capital needs, letters of credit and for working capital, acquisitions, capital expenditures and other general corporate purposes. Letters purposes of Credit will be used for the Borrower’s Borrower and its Subsidiaries’ 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 would violate any of the Regulations rule or regulation of the Board of Governors of the Federal Reserve System of the United States of AmericaSystem, including Regulations T, U and X.or X. All Letters of Credit will be used for general corporate purposes.

Appears in 1 contract

Samples: Revolving Credit Agreement (Walter Investment Management Corp)

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Use of Proceeds and Letters of Credit. The Each Borrower will use the proceeds of the all Loans will be used to finance working capital needs, fund future Permitted Acquisitions and for working capital, acquisitions, capital expenditures and other general corporate purposes. Letters purposes of Credit will be used for the Borrower’s Borrowers and its their Subsidiaries’ 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 would violate any of the Regulations rule or regulation of the Board of Governors of the Federal Reserve System of the United States of AmericaSystem, including Regulations T, U and X.or X thereof. All Letters of Credit will be used for general corporate purposes.

Appears in 1 contract

Samples: Revolving Credit Agreement (Checkfree Corp \Ga\)

Use of Proceeds and Letters of Credit. The Borrower will use the proceeds of the all Loans will be used for to finance working capitalcapital needs, acquisitions, capital expenditures and for other general corporate purposes. Letters purposes of Credit will be used for the Borrower’s Borrower and its Subsidiaries’ 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 would violate any of the Regulations rule or regulation of the Board of Governors of the Federal Reserve System of the United States of AmericaSystem, including Regulations T, U and X.or X. All Letters of Credit will be used for general corporate purposes.

Appears in 1 contract

Samples: Revolving Credit Agreement (Priority Healthcare Corp)

Use of Proceeds and Letters of Credit. The Borrower will use the proceeds of the all Loans will be used for to finance working capital, acquisitionscapital needs, capital expenditures and for other general corporate purposes. Letters purposes of Credit will be used for the Borrower’s Borrower and its Subsidiaries’ 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 would violate any of the Regulations rule or regulation of the Board of Governors of the Federal Reserve System of the United States of AmericaSystem, including Regulations T, U and X.or X. All Letters of Credit will be used for general corporate purposes.

Appears in 1 contract

Samples: Revolving Credit Loan Agreement (Central Freight Lines Inc)

Use of Proceeds and Letters of Credit. The Each Borrower will use the proceeds of the all Loans will be used for working capital, acquisitions, capital expenditures and other to fund general corporate purposes. Letters purposes of Credit will be used the Borrowers and their Subsidiaries, including, without limitation, Permitted Acquisitions and credit support for the Borrower’s and its Subsidiaries’ general corporate purposescommercial paper. No part of the proceeds of any Loan will be used, whether directly or indirectly, for any purpose that entails a violation of would violate any of the Regulations rule or regulation of the Board of Governors of the Federal Reserve System of the United States of AmericaSystem, including Regulations T, U and X.or X thereof. All Letters of Credit will be used for general corporate purposes.

Appears in 1 contract

Samples: Revolving Credit Agreement (Checkfree Corp \Ga\)

Use of Proceeds and Letters of Credit. The Borrowers will use the proceeds of the Revolving Loans will be used to finance working capital needs, Capital Expenditures, Permitted Acquisitions and for working capital, acquisitions, capital expenditures and other general corporate purposes. Letters of Credit will be used for the Borrower’s and its Subsidiaries’ general corporate purposes. No part of the proceeds of any Loan nor any Letter of Credit will be used, whether directly or indirectly, for any purpose that entails a violation of would violate any of the Regulations rule or regulation of the Board of Governors of the Federal Reserve System of the United States of AmericaSystem, including Regulations T, U and X.or X. All Letters of Credit will be used for general corporate purposes.

Appears in 1 contract

Samples: Loan and Security Agreement (NCI, Inc.)

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