Common use of Use of Proceeds and Margin Security Clause in Contracts

Use of Proceeds and Margin Security. Borrowers shall use the proceeds of all Loans for proper business purposes (as described in the recitals to this Agreement) consistent with all applicable laws, statutes, rules and regulations. No portion of the proceeds of any Loan shall be used for the purpose of purchasing or carrying margin stock within the meaning of Regulation U, or in any manner that might cause the borrowing or the application of such proceeds to violate Regulation T or Regulation X or any other regulation of the Board of Governors of the Federal Reserve System or to violate the Securities Act.

Appears in 2 contracts

Samples: Loan and Security Agreement (Sun Healthcare Group Inc), Loan and Security Agreement (Sun Healthcare Group Inc)

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Use of Proceeds and Margin Security. Borrowers Each Borrower shall use the proceeds of all Loans for proper business purposes (as described in the recitals to this Agreement) consistent with all applicable laws, statutes, rules and regulations. No portion of the proceeds of any Loan shall be used for the purpose by a Borrower or any of purchasing or carrying margin stock within the meaning of Regulation U, or its Subsidiaries in any manner that might cause the borrowing or the application of such proceeds to violate Regulation G, Regulation U, Regulation T or Regulation X or any other regulation of the Board of Governors of the Federal Reserve System or to violate the Securities Exchange Act.

Appears in 1 contract

Samples: Loan Agreement (North Face Inc)

Use of Proceeds and Margin Security. Borrowers Borrower shall use the proceeds of all Loans for proper business purposes (as described in the recitals to this Agreement) Agreement consistent with all applicable laws, statutes, rules and regulations. No portion of the proceeds of any Loan shall be used for the purpose of purchasing or carrying margin stock within the meaning of Regulation U, or in any manner that might cause the borrowing or the application of such proceeds to violate Regulation T or Regulation X or any other regulation of the Board of Governors of the Federal Reserve System or to violate the Securities Exchange Act.

Appears in 1 contract

Samples: Loan and Security Agreement (Pizza Inn Holdings, Inc /Mo/)

Use of Proceeds and Margin Security. Borrowers Borrower shall use the proceeds of all Loans for proper business purposes (as described in the recitals to this Agreement) consistent with all applicable laws, statutes, rules and regulations. No portion of the proceeds of any Loan shall be used for the purpose by Borrower or any of purchasing or carrying margin stock within the meaning of Regulation U, or its Subsidiaries in any manner that might cause the borrowing or the application of such proceeds to violate Regulation G, Regulation U, Regulation T or Regulation X or any other regulation of the Board of Governors of the Federal Reserve System or to violate the Securities Exchange Act.

Appears in 1 contract

Samples: Loan and Security Agreement (North Face Inc)

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Use of Proceeds and Margin Security. Borrowers Borrower shall use the proceeds of ----------------------------------- all Loans for proper business purposes (as described in the recitals to this Agreement) consistent with all applicable laws, statutes, rules and regulations. No portion of the proceeds of any Loan shall be used for the purpose by Borrower or any of purchasing or carrying margin stock within the meaning of Regulation U, or its Subsidiaries in any manner that might cause the borrowing or the application of such proceeds to violate Regulation G, Regulation U, Regulation T or Regulation X or any other regulation of the Board of Governors of the Federal Reserve System or to violate the Securities Exchange Act.

Appears in 1 contract

Samples: Loan and Security Agreement (North Face Inc)

Use of Proceeds and Margin Security. Borrowers shall use the proceeds of all Loans Borrowings for proper business purposes (as described in the recitals to this Agreement) consistent with all applicable laws, statutes, rules and regulationsLaws. No portion of the proceeds of any Loan Borrowing under any Tranche shall be used for the purpose of purchasing or carrying margin stock within the meaning of Regulation U, or in any manner that might cause the borrowing or the application of such proceeds to violate Regulation T Regulations T, U, or Regulation X X, or any other regulation of the Board of Governors of the Federal Reserve System or to violate the Securities Act.

Appears in 1 contract

Samples: Term Loan and Note Purchase Agreement (Sun Healthcare Group Inc)

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