Common use of Use of Proceeds; Margin Regulations Clause in Contracts

Use of Proceeds; Margin Regulations. The proceeds of the Loans are intended to be and shall be used solely for the purposes set forth in and permitted by Section 4.10, and are intended to be and shall be used in compliance with Section 5.8. No Credit Party and no Subsidiary of any Credit Party is engaged in the business of purchasing or selling Margin Stock or extending credit for the purpose of purchasing or carrying Margin Stock. Proceeds of the Loans shall not be used for the purpose of purchasing or carrying Margin Stock.

Appears in 19 contracts

Samples: Credit Agreement, Credit Agreement (International Textile Group Inc), Credit Agreement (Cryolife Inc)

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Use of Proceeds; Margin Regulations. The proceeds of the Loans are intended to be and shall be used solely for the purposes set forth in and permitted by Section 4.106.10, and are intended to be and shall be used in compliance with Section 5.87.08. No Credit Loan Party and no Subsidiary of any Credit Loan Party is engaged in the business of purchasing or selling Margin Stock or extending credit for the purpose of purchasing or carrying Margin StockStock in a manner that would result in a violation of Regulation U of the Federal Reserve Board. Proceeds The proceeds of the Loans shall not be used for the purpose of purchasing or carrying Margin Stock.

Appears in 8 contracts

Samples: Abl Credit Agreement (Steinway Musical Instruments Holdings, Inc.), Abl Credit Agreement (Steinway Musical Instruments Holdings, Inc.), Abl Credit Agreement (Steinway Musical Instruments Holdings, Inc.)

Use of Proceeds; Margin Regulations. The proceeds of the Loans are intended to be and shall be used solely for the purposes set forth in and permitted by Section 4.10, and are intended to be and shall be used in compliance with Section 5.8. No Credit Party and no Subsidiary Neither the Borrower nor any of any Credit Party its Subsidiaries is generally engaged in the business of purchasing or selling Margin Stock or extending credit for the purpose of purchasing or carrying Margin Stock. Proceeds of the Loans shall not be used for the purpose of purchasing or carrying Margin Stock.

Appears in 6 contracts

Samples: Credit Agreement (Panther Expedited Services, Inc.), Credit Agreement (WII Components, Inc.), Credit Agreement (Brickman Group LTD)

Use of Proceeds; Margin Regulations. The proceeds of the Loans and the Letters of Credit are intended to be and shall be used solely for the purposes set forth in and permitted by Section 4.10, 7.12 and are intended to be and shall be used in compliance with Section 5.88.07. No Credit Party and no Subsidiary of any Credit Loan Party is generally engaged in the business of purchasing or selling Margin Stock or extending credit for the purpose of purchasing or carrying Margin Stock. Proceeds of the Loans shall not be used for the purpose of purchasing or carrying Margin Stock.

Appears in 5 contracts

Samples: Credit Agreement (Building Materials Holding Corp), Credit Agreement (Building Materials Holding Corp), Credit Agreement (Building Materials Holding Corp)

Use of Proceeds; Margin Regulations. The proceeds of the Loans are intended to be and shall be used solely for the purposes set forth in and permitted by Section 4.10, 7.11 and are intended to be and shall be used in compliance with Section 5.88.7. No Credit Party and no Subsidiary of any Credit Loan Party is generally engaged in the business of purchasing or selling Margin Stock or extending credit for the purpose of purchasing or carrying Margin Stock. Proceeds of the Loans shall not be used for the purpose of purchasing or carrying Margin Stock.

Appears in 5 contracts

Samples: Credit Agreement (Mt Investors Inc), Credit Agreement (Mt Investors Inc), Credit Agreement (Mt Investors Inc/)

Use of Proceeds; Margin Regulations. The proceeds of the Loans are intended to be and shall be used solely for the purposes set forth in and permitted by Section 4.10, and are intended to be and shall be used in compliance with Section 5.85.10. No Credit Party and no Subsidiary of any Credit Party is engaged in the business of purchasing or selling Margin Stock or extending credit for the purpose of purchasing or carrying Margin Stock. Proceeds As of the Loans shall not be used for the purpose Funding Date, except as set forth on Schedule 4.8, no Credit Party and no Subsidiary of purchasing or carrying any Credit Party owns any Margin Stock.

Appears in 3 contracts

Samples: Credit Agreement (Rimini Street, Inc.), Credit Agreement (Rimini Street, Inc.), Credit Agreement (Rimini Street, Inc.)

Use of Proceeds; Margin Regulations. The proceeds of the Loans are intended to be and shall be used solely for the purposes set forth in and permitted by Section 4.10, and are intended to be and shall be used in compliance with Section 5.85.10. No Credit Party and no Subsidiary of any Credit Party is engaged in the business of purchasing or selling Margin Stock or extending credit for the purpose of purchasing or carrying Margin Stock. Proceeds As of the Loans shall not be used for the purpose Effective Date, except as set forth on Schedule 4.8, no Credit Party and no Subsidiary of purchasing or carrying any Credit Party owns any Margin Stock.

Appears in 2 contracts

Samples: Credit Agreement (Addus HomeCare Corp), Credit Agreement

Use of Proceeds; Margin Regulations. The proceeds of the Loans are intended to be and shall be used solely for the purposes set forth in and permitted by Section 4.105.10, and are intended to be and shall be used in compliance with Section 5.8this Agreement. No Credit Party and no Neither such Obligor nor any Subsidiary of any Credit Party is generally engaged in the business of purchasing or selling Margin Stock or extending credit for the purpose of purchasing or carrying Margin Stock. Proceeds of the Loans shall not be used for the purpose of purchasing or carrying Margin Stock.

Appears in 2 contracts

Samples: Loan and Security Agreement (Teavana Holdings Inc), Loan and Security Agreement (Teavana Holdings Inc)

Use of Proceeds; Margin Regulations. The proceeds of the Loans are intended to be and shall be used solely for the purposes set forth in and permitted by Section 4.10, and are intended to be and shall be used in compliance with Section 5.85.10. No Credit Party and no Subsidiary of any Credit Party is engaged in the business of purchasing or selling Margin Stock or extending credit for the purpose of purchasing or carrying Margin Stock. Proceeds As of the Loans shall not be used for the purpose Closing Date, no Credit Party and no Subsidiary of purchasing or carrying any Credit Party owns any Margin Stock.

Appears in 2 contracts

Samples: Credit Agreement (Iteris, Inc.), Credit Agreement (Legacy Housing Corp)

Use of Proceeds; Margin Regulations. The proceeds of the Loans are intended to be and shall be used solely for the purposes set forth in and permitted by Section 4.10, and are intended to be and shall be used in compliance with Section 5.8. No Credit Party and no Subsidiary of any Credit Party is engaged in the business of purchasing or selling Margin Stock (other than the Xxxx Shares) or extending credit for the purpose of purchasing or carrying Margin StockStock (other than the Xxxx Shares). Proceeds of the Loans shall not be used for the purpose of purchasing or carrying Margin Stock.

Appears in 1 contract

Samples: Credit Agreement (International Textile Group Inc)

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Use of Proceeds; Margin Regulations. The proceeds of the Loans are intended to be and shall be used solely for the purposes set forth in and permitted by Section 4.10, and are intended to be and shall be used in compliance with Section 5.85.10. No Credit Party and no Subsidiary of any Credit Party is engaged in the business of purchasing or selling Margin Stock or extending credit for the purpose of purchasing or carrying Margin Stock. Proceeds As of the Loans shall not be used for the purpose Restatement Date, except as set forth on Schedule 4.8, no Credit Party and no Subsidiary of purchasing or carrying any Credit Party owns any Margin Stock.

Appears in 1 contract

Samples: Credit Agreement (Rimini Street, Inc.)

Use of Proceeds; Margin Regulations. The proceeds of the Loans are intended to be and shall be used solely for the purposes set forth in and permitted by Section 4.10, and are intended to be and shall be used in compliance with Section 5.85.10. No Credit Party and no Subsidiary of any Credit Party is engaged in the business of purchasing or selling Margin Stock or extending credit for the purpose of purchasing or carrying Margin Stock. Proceeds As of the Loans shall not be used for the purpose Closing Date, except as set forth on Schedule 4.8, no Credit Party and no Subsidiary of purchasing or carrying any Credit Party owns any Margin Stock.

Appears in 1 contract

Samples: Credit Agreement (Addus HomeCare Corp)

Use of Proceeds; Margin Regulations. The proceeds of the Loans are intended to be and shall be used solely for the purposes set forth in and permitted by Section 4.10, and are intended to be and shall be used in compliance with Section 5.85.10. No Credit Party and no Subsidiary of any Credit Party is engaged in the business of purchasing or selling Margin Stock or extending credit for the purpose of purchasing or carrying Margin Stock. Proceeds As of the Loans shall not be used for the purpose Second Amendment Effective Date, except as set forth on Schedule 4.8, no Credit Party and no Subsidiary of purchasing or carrying any Credit Party owns any Margin Stock.

Appears in 1 contract

Samples: Credit Agreement (Addus HomeCare Corp)

Use of Proceeds; Margin Regulations. The proceeds of the Loans are intended to be and shall be used solely for the purposes set forth in and permitted by Section 4.10, and are intended to be and shall be used in compliance with Section 5.8. No Credit Party and no Subsidiary Neither Holdings, the Borrower nor any of any Credit Party its Subsidiaries is generally engaged in the business of purchasing or selling Margin Stock or extending credit for the purpose of purchasing or carrying Margin Stock. Proceeds of the Loans shall not be used for the purpose of purchasing or carrying Margin Stock.

Appears in 1 contract

Samples: Credit Agreement (True Temper Sports Inc)

Use of Proceeds; Margin Regulations. The proceeds of the Loans are intended to be and shall be used solely for the purposes set forth in and permitted by Section 4.105.10, and are intended to be and shall be used in compliance with Section 5.86.7. No Credit Party and no Subsidiary none of any Credit Party the Borrower’s Subsidiaries is engaged in the business of purchasing or selling Margin Stock or extending credit for the purpose of purchasing or carrying Margin Stock. Proceeds of the Loans shall not be used for the purpose of purchasing or carrying Margin Stock.

Appears in 1 contract

Samples: Credit Agreement (Ute Energy Upstream Holdings LLC)

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