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

Use of Proceeds; Letters of Credit. The Borrowers shall use the proceeds of the Loans and the Letters of Credit for general corporate purposes, including the repayment of the Indebtedness under the Original Agreement, payment of closing costs and fees, the acquisition, renovation and improvement of real property, the making of mortgage loans against real property, and for other purposes consistent with the business activities described in Section 6.1(u). No part of the proceeds of any Loan or Letter of Credit will be used (a) for the purpose of buying or carrying “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) to finance any operations in, finance investments or activities in, or make any payments to, a Sanctioned Person or Sanctioned Entity.

Use of Proceeds; Letters of Credit. The Borrowers Borrower shall use the proceeds of the Loans and the Letters of Credit for general corporate purposespurposes only, including the to include, without limitation, acquisitions, repayment of the Indebtedness under the Original AgreementIndebtedness, capital expenditures, working capital, short-term bridge advances and payment of closing costs fees and fees, expenses related to this Agreement and the acquisition, renovation other transactions contemplated by this Agreement and improvement of real property, the making of mortgage loans against real property, and for other purposes consistent with the business activities described in Section 6.1(u)Loan Documents. No part of the proceeds of any Loan or Letter of Credit will be used (a) for the purpose of buying or carrying “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) to finance 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 Borrowers Borrower shall use the proceeds of the Revolving Loans and the all Letters of Credit only for general corporate purposes, including but not limited to the repayment acquisition and redevelopment of the Indebtedness under the Original Agreement, payment of closing costs and fees, the acquisition, renovation and improvement of real property, the making of mortgage loans against real propertyneighborhood shopping center properties, and for the refinancing of existing Indebtedness. The Borrower shall not, and shall not permit any Loan Party or any other purposes consistent with the business activities described in Section 6.1(u). No Subsidiary to, use any part of the such proceeds of any Loan or Letter Letters of Credit will be used to purchase or carry, or to reduce or retire or refinance any credit incurred to purchase or carry, any margin stock (a) for the purpose of buying or carrying “margin 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 finance any operations in, finance 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 Borrowers Borrower shall use the proceeds of the Loans and the Letters of Credit for acquisitions, development and other general corporate purposespurposes only, including including, without limitation, to finance, together with proceeds of the loans under the Term Loan Agreement, the repayment of all indebtedness, liabilities and obligations owing by the Indebtedness Loan Parties under the Original Agreement, payment of closing costs and fees, the acquisition, renovation and improvement of real property, the making of mortgage loans against real property, and for other purposes consistent with the business activities described in Section 6.1(u)Existing Credit Agreements. No part of the proceeds of any Loan or Letter of Credit will be used (a) for the purpose of buying or carrying “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) to finance fund any operations in, finance any investments or activities in, or make any payments to, a Sanctioned Person or Sanctioned Entity.