Common use of Use of Proceeds; Margin Regulations; Investment Company Act Clause in Contracts

Use of Proceeds; Margin Regulations; Investment Company Act. (a) The proceeds of the Loans will be used for working capital, capital expenditures and other general corporate purposes (including, without limitation, the repayment of Indebtedness). The proceeds of the Loans will not be used in any way that would violate the provisions of Regulation U or Regulation X. No Borrower is engaged or will engage, principally or as one of its important activities, in the business of purchasing or carrying margin stock (within the meaning of Regulation U), or extending credit for the purpose of purchasing or carrying margin stock.

Appears in 2 contracts

Samples: Credit Agreement (Public Service Co of New Hampshire), Credit Agreement

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Use of Proceeds; Margin Regulations; Investment Company Act. (a1) The proceeds of the Loans will be used for working capital, capital expenditures and other general corporate purposes (including, without limitation, the repayment of Indebtedness)purposes. The proceeds of the Loans will not be used in any way that would violate the provisions of Regulation T, Regulation U or Regulation X. No Borrower is engaged or will engage, principally or as one of its important activities, in the business of purchasing or carrying margin stock (within the meaning of Regulation T or Regulation U), or extending credit for the purpose of purchasing or carrying margin stock.

Appears in 1 contract

Samples: Credit Agreement (Connecticut Light & Power Co)

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Use of Proceeds; Margin Regulations; Investment Company Act. (a1) The proceeds of the Loans will be used for working capital, capital expenditures and other general corporate purposes (including, without limitation, the repayment of Indebtedness)purposes. The proceeds of the Loans will not be used in any way that would violate the provisions of Regulation T, Regulation U or Regulation X. No The Borrower is engaged or not engaged, nor will the Borrower engage, principally or as one of its important activities, in the business of purchasing or carrying margin stock (within the meaning of Regulation T or Regulation U), or extending credit for the purpose of purchasing or carrying margin stock.

Appears in 1 contract

Samples: Credit Agreement (Connecticut Light & Power Co)

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