Use of Proceeds; Margin Stock; Speculation. Advances by the Bank hereunder will be used exclusively by the Borrower for working capital and other regular and valid purposes. The Borrower will not, without the prior written consent of the Bank, redeem, purchase, or retire any of the capital stock or declare or pay any dividends, or make any other payments or distributions of a similar type or nature. The Borrower will not use any of the loan proceeds to purchase or carry "margin" stock (as defined in Regulation U of the Board of Governors of the Federal Reserve System). No part of any of the proceeds will be used for speculative investment purposes, including, without limitation, speculating or hedging in the commodities and/or futures market.
Use of Proceeds; Margin Stock; Speculation. Advances by Bank will be used exclusively by Borrowers for the purposes set forth in this Agreement. No Borrower will use any of the loan proceeds to purchase or carry “margin” stock (as defined in Regulation U of the Board of Governors of the Federal Reserve System). No part of any of the proceeds will be used for speculative investment purposes, including, without limitation, speculating or hedging in the commodities and/or futures market.
Use of Proceeds; Margin Stock; Speculation. Advances by the Bank ------------------------------------------ hereunder will be used exclusively by the Borrower (i) to purchase the outstanding shares of capital stock of DunC Corp and its subsidiary, First Bank, bc; (ii) to refinance existing indebtedness of the Borrower to the Bank; and (iii) for other general corporate and working capital purposes. The Borrower will not use any of the loan proceeds to purchase or carry "margin" stock (as defined in Regulation U of the Board of Governors of the Federal Reserve System). No part of any of the proceeds will be used for speculative investment purposes, including, without limitation, speculating or hedging in the commodities and/or futures market.
Use of Proceeds; Margin Stock; Speculation. (i) Advances by the ------------------------------------------ Bank hereunder will be used exclusively by the Borrower to acquire the capital stock of ABD; and
(ii) for working capital purposes. The Borrower will not use any of the loan proceeds to purchase or carry "margin" stock (as defined in Regulation U of the Board of Governors of the Federal Reserve System). No part of any of the proceeds will be used for speculative investment purposes, including, without limitation, speculating or hedging in the commodities and/or futures market.
Use of Proceeds; Margin Stock; Speculation. Advances by the Bank hereunder will be used exclusively by the Borrower for the purposes represented to the Bank. The Borrower will not, without the prior written consent of the Bank, redeem, purchase, or retire any of the capital stock or declare or pay any dividends, or make any other payments or distributions of a similar type or nature including withdrawal distributions. The Borrower will not use any of the loan proceeds to purchase or carry “margin” stock (as defined in Regulation U of the Board of Governors of the Federal Reserve System). No part of any of the proceeds will be used for speculative investment purposes, including, without imitation, speculating or hedging in the commodities and/or futures market.
Use of Proceeds; Margin Stock; Speculation. Advances by the Bank under the Revolving Credit Note will be used exclusively by the Borrower to refinance its existing revolving credit facilities with the Bank and for working capital purposes. Advances by the Bank under the Term Note will be used exclusively by the Borrower to refinance its existing term loan obligations with the Bank and to acquire the capital stock of Park Financial Corporation. The Borrower will not use any of the loan proceeds to purchase or carry "margin" stock (as defined in Regulation U of the Board of Governors of the Federal Reserve System). No part of any of the proceeds will be used for speculative investment purposes, including, without limitation, speculating or hedging in the commodities and/or futures market.
Use of Proceeds; Margin Stock; Speculation. (i) The proceeds of the loan made by the Bank hereunder will be used exclusively by the Borrower to refinance existing indebtedness with the Bank in the amount of $25,000,000; and (ii) for the Borrower’s general corporate and working capital purposes. The Borrower will not use any of the loan proceeds to purchase or carry “margin” stock (as defined in Regulation U of the Board of Governors of the Federal Reserve System). No part of any of the proceeds will be used for speculative investment purposes, including, without limitation, speculating or hedging in the commodities and/or futures market.
Use of Proceeds; Margin Stock; Speculation. Advances by the Bank hereunder shall be used exclusively by the Borrower for purposes described in Section 1.
Use of Proceeds; Margin Stock; Speculation. [Choose one or more] Advances by the Bank hereunder will be used by the Borrower:
ý (i) to refinance existing indebtedness; ý (ii) for general corporate purposes;
Use of Proceeds; Margin Stock; Speculation. Advances by the Bank hereunder will be used exclusively by the Borrower for working capital and other regular and valid purposes. Subject to the Bank’s concessions set forth in a letter from Bank to Borrower dated May 26,2006, a true and correct copy of which is attached hereto, the Borrower will not, without the prior written consent of the Bank, redeem, purchase, or retire any of the capital stock or declare or pay any dividends, or make any other payments or distributions of a similar type or nature including withdrawal distributions. The Borrower will not use any of the loan proceeds to purchase or carry “margin” stock (as defined in Regulation U of the Board of Governors of the Federal Reserve System). No part of any of the proceeds will be used for speculative investment purposes, including, without limitation, speculating or hedging in the commodities and/or futures market.
