Common use of Use of Proceeds, etc Clause in Contracts

Use of Proceeds, etc. All proceeds of each Advance will be used by each Borrower only in accordance with the provisions of Section 2.12. No Borrower is or will be engaged in the business of extending credit for the purpose of buying or carrying Margin Stock and no proceeds of any Advance will be used to extend credit to others for the purpose of buying or carrying any Margin Stock. Neither the making of any Advance nor the use of the proceeds thereof will violate or be inconsistent with the provisions of Regulations U or X issued by the Board of Governors of the Federal Reserve System.

Appears in 15 contracts

Samples: Five Year Credit Agreement (Stanley Black & Decker, Inc.), Credit Agreement (Stanley Black & Decker, Inc.), Credit Agreement (Stanley Black & Decker, Inc.)

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Use of Proceeds, etc. All proceeds of each Advance made to the Designated Borrower will be used by each Borrower it only in accordance with the provisions of Section 2.122.12 of the Credit Agreement. No Borrower It is or not, nor will be be, engaged in the business of extending credit for the purpose of buying or carrying Margin Stock and no proceeds of any Advance will be used by it to extend credit to others for the purpose of buying or carrying any Margin Stock. Neither the making of any Advance to the Designated Borrower nor the use of the proceeds thereof will violate or be inconsistent with the provisions of Regulations U or X issued by the Board of Governors of the Federal Reserve System.

Appears in 15 contracts

Samples: Five Year Credit Agreement (Stanley Black & Decker, Inc.), Credit Agreement (Stanley Black & Decker, Inc.), Credit Agreement (Stanley Black & Decker, Inc.)

Use of Proceeds, etc. All proceeds of each Advance will be used by each Borrower only in accordance with the provisions of Section 2.12. No Borrower is or will be engaged in the business of extending credit for the purpose of buying or carrying Margin Stock and no proceeds of any Advance will be used to extend credit to others for the purpose of buying or carrying any Margin Stock. Neither the making of any Advance nor the use of the proceeds thereof will violate or be inconsistent with the provisions of Regulations U or X issued by the Board of Governors of the Federal Reserve System.. 364-DAY CREDIT AGREEMENT

Appears in 4 contracts

Samples: Credit Agreement (Stanley Black & Decker, Inc.), Credit Agreement (Stanley Black & Decker, Inc.), Day Credit Agreement (Stanley Black & Decker, Inc.)

Use of Proceeds, etc. All proceeds of each Advance will be used by each the Borrower only in accordance with the provisions of Section 2.12. No The Borrower is or will be not engaged in the business of extending credit for the purpose of buying purchasing or carrying Margin Stock and no proceeds of any Advance will be used to extend credit to others for the purpose of buying purchasing or carrying any Margin Stock. Neither the making of any Advance nor the use of the proceeds thereof will violate or be inconsistent with the provisions of Regulations U G, U, or X issued by the Board of Governors of the Federal Reserve System.

Appears in 4 contracts

Samples: Credit Agreement (Stanley Works), Credit Agreement (Stanley Works), Credit Agreement (Stanley Works)

Use of Proceeds, etc. All proceeds of each Advance will be used by each Borrower only in accordance with the provisions of Section 2.12. No Borrower is or will be engaged in the business of extending credit for the purpose of buying or carrying Margin Stock and no proceeds of any Advance will be used to extend credit to others for the purpose of buying or carrying any Margin Stock. Neither the making of any Advance nor the use of the proceeds thereof will violate or be inconsistent with the provisions of Regulations U or X issued by the Board of Governors of the Federal Reserve System.. AMENDED AND RESTATED FIVE YEAR CREDIT AGREEMENT

Appears in 2 contracts

Samples: Five Year Credit Agreement (Stanley Black & Decker, Inc.), Five Year Credit Agreement (Stanley Black & Decker, Inc.)

Use of Proceeds, etc. All proceeds of each Advance will be used by each the Borrower only in accordance with the provisions of Section 2.12. No The Borrower is or will be not engaged in the business of extending credit for the purpose of buying purchasing or carrying Margin Stock and no proceeds of any Advance will be used to extend credit to others for 364-DAY CREDIT AGREEMENT the purpose of buying purchasing or carrying any Margin Stock. Neither the making of any Advance nor the use of the proceeds thereof will violate or be inconsistent with the provisions of Regulations U or X issued by the Board of Governors of the Federal Reserve System.

Appears in 1 contract

Samples: Credit Agreement (Stanley Works)

Use of Proceeds, etc. All proceeds of each Advance will be used by each the Borrower only in accordance with the provisions of Section 2.12. No The Borrower is or will be not engaged in the business of extending credit for the purpose of buying or carrying Margin Stock and no proceeds of any Advance will be used to extend credit to others for the purpose of buying or carrying any Margin Stock. Neither the making of any Advance nor the use of the proceeds thereof will violate or be inconsistent with the provisions of Regulations U or X issued by the Board of Governors of the Federal Reserve System.

Appears in 1 contract

Samples: Credit Agreement (Stanley Works)

Use of Proceeds, etc. All proceeds of each Advance will be used by each the Borrower thereof only in accordance with the provisions of Section 2.12. No Borrower The Company is or not and will not be engaged in the business of extending credit for the purpose of buying or carrying Margin Stock and no proceeds of any Advance will be used to extend credit to others for the purpose of buying or carrying any Margin Stock. Neither the making of any Advance nor the use of the proceeds thereof will violate or be inconsistent with the provisions of Regulations U or X issued by the Board of Governors of the Federal Reserve System.

Appears in 1 contract

Samples: Credit Agreement (Stanley Works)

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Use of Proceeds, etc. All proceeds of each Advance will be used by each Borrower only in accordance with the provisions of Section 2.12. No Borrower is or will be engaged in the business of extending credit for the purpose of buying or carrying Margin Stock and no proceeds of any Advance will be used to extend credit to others for the purpose of buying or carrying any Margin Stock. Neither the making of any Advance nor the use of the proceeds thereof will violate or be inconsistent with the provisions of Regulations U or X issued by the Board of Governors of the Federal Reserve System.. FIVE YEAR CREDIT AGREEMENT

Appears in 1 contract

Samples: Five Year Credit Agreement (Stanley Black & Decker, Inc.)

Use of Proceeds, etc. All proceeds of each Advance will be used by each Borrower only in accordance with the provisions of Section 2.12. No Borrower is or will be engaged in the business of extending credit for the purpose of buying or carrying Margin Stock and no proceeds of any Advance will be used to extend credit to others for the purpose of buying or carrying any Margin Stock. Neither the making of any Advance nor the use of the proceeds thereof will violate or be inconsistent with the provisions of Regulations U or X issued by the Board of Governors of the Federal Reserve System.. CREDIT AGREEMENT

Appears in 1 contract

Samples: Credit Agreement (Stanley Works)

Use of Proceeds, etc. All proceeds of each Advance will be used by each the Borrower only in accordance with the provisions of Section 2.12. No The Borrower is or will be not engaged in the business of extending credit for the purpose of buying purchasing or carrying Margin Stock and no proceeds of any Advance will be used to extend credit to others for the purpose of buying purchasing or carrying any Margin Stock. Neither the making of any Advance nor the use of the proceeds thereof will violate or be inconsistent with the provisions of Regulations U or X issued by the Board of Governors of the Federal Reserve System.

Appears in 1 contract

Samples: Credit Agreement (Stanley Works)

Use of Proceeds, etc. All proceeds of each Advance will be used by each the Borrower only in accordance with the provisions of Section 2.12. No The Borrower is or will be not engaged in the business of extending credit for the purpose of buying or carrying Margin Stock and no proceeds of any Advance will be used to extend credit to others for the CREDIT AGREEMENT purpose of buying or carrying any Margin Stock. Neither the making of any Advance nor the use of the proceeds thereof will violate or be inconsistent with the provisions of Regulations U or X issued by the Board of Governors of the Federal Reserve System.

Appears in 1 contract

Samples: Credit Agreement (Stanley Works)

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