Common use of Use of Proceeds; Letters of Credit Clause in Contracts

Use of Proceeds; Letters of Credit. The Borrower shall use the proceeds of all Loans and all Letters of Credit for the repayment of Indebtedness, the acquisition of Properties, working capital and other general business purposes only. The Borrower shall not, and shall not permit any Subsidiary or other Loan Party to, use any part of such proceeds or Letters of Credit to (a) purchase or carry, or to reduce or retire or refinance any credit incurred to purchase or carry, any margin stock (within the meaning of Regulation U of the Board of Governors of the Federal Reserve System) or to extend credit to others for the purpose of purchasing or carrying any such margin stock or (b) fund any operations in, finance any investments or activities in, or make any payments to, a Sanctioned Person or Sanctioned Entity.

Use of Proceeds; Letters of Credit. The Borrower Borrowers shall use the proceeds of all the Loans and all the Letters of Credit for general corporate purposes, including the repayment of Indebtednessthe Indebtedness under the Original Agreement, payment of closing costs and fees, the acquisition acquisition, renovation and improvement of Propertiesreal property, working capital and other general business purposes only. The Borrower shall notthe making of mortgage loans against real property, and shall not permit any Subsidiary or for other Loan Party to, use any purposes consistent with the business activities described in Section 6.1(u). No part of such the proceeds of any Loan or Letters Letter of Credit to will be used (a) purchase for the purpose of buying or carry, or to reduce or retire or refinance any credit incurred to purchase or carry, any carrying “margin stock (stock” within the meaning of Regulation U of the Board of Governors of the Federal Reserve System) System or to extend credit to others for the purpose of purchasing or carrying any such margin stock or (b) fund to finance any operations in, finance any investments or activities in, or make any payments to, a Sanctioned Person or Sanctioned Entity.

Use of Proceeds; Letters of Credit. The Borrower shall use the proceeds of all the Loans and all the Letters of Credit for the general corporate purposes only, to include, without limitation, acquisitions, repayment of Indebtedness, the acquisition of Propertiescapital expenditures, working capital capital, short-term bridge advances and payment of fees and expenses related to this Agreement and the other general business purposes only. The Borrower shall not, transactions contemplated by this Agreement and shall not permit any Subsidiary or the other Loan Party to, use any Documents. No part of such the proceeds of any Loan or Letters Letter of Credit to will be used (a) purchase for the purpose of buying or carry, or to reduce or retire or refinance any credit incurred to purchase or carry, any carrying “margin stock (stock” within the meaning of Regulation U of the Board of Governors of the Federal Reserve System) System or to extend credit to others for the purpose of purchasing or carrying any such margin stock or (b) to fund any operations in, to finance any investments or activities in, or make any payments to, a Sanctioned Person or Sanctioned Entity.

Use of Proceeds; Letters of Credit. The Borrower shall use the proceeds of all the Loans and all the Letters of Credit for acquisitions, development and other general corporate purposes only, including, without limitation, to finance, together with proceeds of the loans under the Term Loan Agreement, the repayment of Indebtednessall indebtedness, liabilities and obligations owing by the acquisition of Properties, working capital and other general business purposes onlyLoan Parties under the Existing Credit Agreements. The Borrower shall not, and shall not permit any Subsidiary or other Loan Party to, use any No part of such the proceeds of any Loan or Letters Letter of Credit to will be used (a) purchase for the purpose of buying or carry, or to reduce or retire or refinance any credit incurred to purchase or carry, any carrying “margin stock (stock” within the meaning of Regulation U of the Board of Governors of the Federal Reserve System) System or to extend credit to others for the purpose of purchasing or carrying any such margin stock or (b) to fund any operations in, finance any investments or activities in, or make any payments to, a Sanctioned Person or Sanctioned Entity.

Use of Proceeds; Letters of Credit. The Borrower shall use the proceeds of all Revolving Loans and all Letters of Credit only for the repayment of Indebtednessgeneral corporate purposes, including but not limited to the acquisition and redevelopment of Propertiesneighborhood shopping center properties, working capital and other general business purposes onlythe refinancing of existing Indebtedness. The Borrower shall not, and shall not permit any Subsidiary or other Loan Party or any other Subsidiary to, use any part of such proceeds or Letters of Credit to (a) purchase or carry, or to reduce or retire or refinance any credit incurred to purchase or carry, any margin stock (within the meaning of Regulation U of the Board of Governors of the Federal Reserve System) or to extend credit to others for the purpose of purchasing or carrying any such margin stock or (b) fund any operations in, finance any investments or activities in, or make any payments to, a Sanctioned Person or Sanctioned Entityexcept for purchases of the common stock of the Parent made in compliance with such Regulation and other Applicable Law.

Use of Proceeds; Letters of Credit. The Borrower shall use the proceeds of all Loans and all Letters of Credit for the repayment of Indebtedness, the acquisition of Properties, working capital and other general business purposes only. The Borrower shall not, and shall not permit any Subsidiary or other Loan Party to, use any part of such proceeds or Letters of Credit to (a) purchase or carry, or to reduce or retire or refinance any credit incurred to purchase or carry, any margin stock (within the meaning of Regulation U of the Board of Governors of the Federal Reserve System) or to extend credit to others for the purpose of purchasing or carrying any such margin stock or (b) fund any operations in, finance any operations, investments or activities in, or make any payments to, a Sanctioned any country, agency, organization, or Person or Sanctioned Entitydescribed in clause (ii) of Section 6.1.(z).

Use of Proceeds; Letters of Credit. The Borrower shall use (a) the proceeds of all the Revolving Loans and all Term Loans to finance in part the Acquisition in accordance with the Asset Purchase Agreement and to pay costs and expenses related to the Acquisition and (b) the proceeds of the Revolving Loans and the Letters of Credit for the repayment of Indebtedness, the acquisition of Properties, working capital and other general business purposes onlycorporate purposes. The Borrower shall not, and shall not permit any Subsidiary or other Loan Party to, use any No part of such the proceeds of any Loan or Letters Letter of Credit to will be used (a) purchase for the purpose of buying or carry, or to reduce or retire or refinance any credit incurred to purchase or carry, any carrying “margin stock (stock” within the meaning of Regulation U of the Board of Governors of the Federal Reserve System) System or to extend credit to others for the purpose of purchasing or carrying any such margin stock or (b) to fund any operations in, to finance any investments or activities in, or to make any payments to, a Sanctioned Person or Sanctioned Entity.

Use of Proceeds; Letters of Credit. The Borrower shall use the proceeds of all the Loans and all the Letters of Credit for the general corporate purposes only, to include, without limitation, acquisitions, repayment of Indebtedness, working capital, short-term bridge advances and payment of fees and expenses related to this Agreement and the acquisition of Properties, working capital other transactions contemplated by this Agreement and other general business purposes only. The Borrower shall not, and shall not permit any Subsidiary or the other Loan Party to, use any Documents. No part of such the proceeds of any Loan or Letters Letter of Credit to will be used (a) purchase for the purpose of buying or carry, or to reduce or retire or refinance any credit incurred to purchase or carry, any carrying “margin stock (stock” within the meaning of Regulation U of the Board of Governors of the Federal Reserve System) System or to extend credit to others for the purpose of purchasing or carrying any such margin stock or (b) to fund any operations in, to finance any investments or activities in, or make any payments to, a Sanctioned Person or Sanctioned Entity.