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

Use of Proceeds; Margin Stock. The proceeds of the Borrowings hereunder will be used solely for the purposes specified in Section 7.9. None of such proceeds will be used (a)(i) for the purpose of purchasing or carrying any Margin Stock or (ii) for the purpose of reducing or retiring any Indebtedness which was originally incurred to purchase or carry Margin Stock, or (iii) for any other purpose that might constitute this transaction a “purpose credit” within the meaning of Regulation U or (b) for the acquisition of another Person unless the board of directors (or other comparable governing body) or stockholders, as appropriate, of such Person has approved such acquisition.

Appears in 27 contracts

Samples: Term Loan Agreement (Public Service Co of New Mexico), Term Loan Agreement (PNM Resources Inc), Term Loan Agreement (Public Service Co of New Mexico)

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Use of Proceeds; Margin Stock. The proceeds of the Borrowings Loans hereunder will be used solely for the purposes specified in Section 7.97.7. None of such proceeds will be used (a)(i) for the purpose of (a) purchasing or carrying any Margin Stock “margin stock” as defined in Regulation U or Regulation X, (iib) for the purpose of reducing or retiring any Indebtedness which was originally incurred to purchase or carry Margin Stock“margin stock”, or (iiic) for any other purpose that which might constitute this transaction a “purpose credit” within the meaning of Regulation U or Regulation X or (bd) for the acquisition of another Person unless the board of directors (or other comparable governing body) or stockholders, as appropriate, of such Person has approved such acquisition.

Appears in 12 contracts

Samples: Credit Agreement (DCP Midstream, LP), Credit Agreement (DCP Midstream, LP), Term Loan Agreement (DCP Midstream Partners, LP)

Use of Proceeds; Margin Stock. The proceeds of the Borrowings Extensions of Credit hereunder will be used solely for the purposes specified in Section 7.9. None of such proceeds will be used (a)(ii) in violation of Regulation U or Regulation X (A) for the purpose of purchasing or carrying any Margin Stock “margin stock” as defined in Regulation U or Regulation X or (iiB) for the purpose of reducing or retiring any Indebtedness which that was originally incurred to purchase or carry Margin Stock, “margin stock” or (iii) for any other purpose that might constitute this transaction a “purpose credit” within the meaning of Regulation U or (bii) for the acquisition of another Person unless the board of directors (or other comparable governing body) or stockholders, as appropriate, of such Person has approved such acquisition.

Appears in 7 contracts

Samples: Credit Agreement (Wisconsin Energy Corp), Credit Agreement (Wisconsin Energy Corp), Credit Agreement (Wisconsin Energy Corp)

Use of Proceeds; Margin Stock. The proceeds of the Borrowings Credit Extensions hereunder will be used solely for the purposes specified in Section 7.9. None of such proceeds will be used (a)(i) for the purpose of purchasing or carrying any Margin Stock or (ii) for the purpose of reducing or retiring any Indebtedness which was originally incurred to purchase or carry Margin Stock, or (iii) for any other purpose that might constitute this transaction a “purpose credit” within the meaning of Regulation U or (b) for the acquisition of another Person unless the board of directors (or other comparable governing body) or stockholders, as appropriate, of such Person has approved such acquisition.

Appears in 6 contracts

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

Use of Proceeds; Margin Stock. The proceeds of the Borrowings Credit Extensions to the Borrower hereunder will be used solely for the purposes specified in Section 7.9. None of such proceeds will be used (a)(ia) for the purpose of (i) purchasing or carrying any Margin Stock or , (ii) for the purpose of reducing or retiring any Indebtedness which was originally incurred to purchase or carry Margin Stock, or (iii) for any other purpose that might constitute this transaction a “purpose credit” within the meaning of Regulation U or (b) for the acquisition of another Person unless the board of directors (or other comparable governing body) or stockholders, as appropriate, of such Person has approved such acquisition.

Appears in 6 contracts

Samples: Term Loan Credit Agreement, Term Loan Credit Agreement (PNM Resources Inc), Term Loan Credit Agreement (PNM Resources Inc)

Use of Proceeds; Margin Stock. The proceeds of the Borrowings Credit Extensions to the Borrower hereunder will be used solely for the purposes specified in Section 7.9. None of such proceeds will be used (a)(i) for the purpose of (a) (i) purchasing or carrying any Margin Stock or (ii) for the purpose of reducing or retiring any Indebtedness which was originally incurred to purchase or carry Margin Stock, or (iii) for any other purpose that might constitute this transaction a “purpose credit” within the meaning of Regulation U or (b) for the acquisition of another Person unless the board of directors (or other comparable governing body) or stockholders, as appropriate, of such Person has approved such acquisition.

Appears in 5 contracts

Samples: Term Loan Credit Agreement (Texas New Mexico Power Co), Term Loan Credit Agreement (Texas New Mexico Power Co), Term Loan Credit Agreement (PNM Resources Inc)

Use of Proceeds; Margin Stock. The proceeds of the Borrowings Credit Extensions hereunder will be used solely for the purposes specified in Section 7.9. None of such proceeds will be used (a)(i) for the purpose of (a) (i) purchasing or carrying any Margin Stock or (ii) for the purpose of reducing or retiring any Indebtedness which was originally incurred to purchase or carry Margin Stock, or (iii) for any other purpose that might constitute this transaction a "purpose credit" within the meaning of Regulation U or (b) for the acquisition of another Person unless the board of directors (or other comparable governing body) or stockholders, as appropriate, of such Person has approved such acquisition.

Appears in 4 contracts

Samples: Credit Agreement (PNM Resources Inc), Credit Agreement (PNM Resources Inc), Credit Agreement (PNM Resources)

Use of Proceeds; Margin Stock. The proceeds of the Borrowings Credit Extensions to such Borrower hereunder will be used solely for the purposes specified in Section 7.9. None of such proceeds will be used (a)(i) for the purpose of (a) (i) purchasing or carrying any Margin Stock or (ii) for the purpose of reducing or retiring any Indebtedness which was originally incurred to purchase or carry Margin Stock, or (iii) for any other purpose that might constitute this transaction a "purpose credit" within the meaning of Regulation U or (b) for the acquisition of another Person unless the board of directors (or other comparable governing body) or stockholders, as appropriate, of such Person has approved such acquisition.

Appears in 3 contracts

Samples: Credit Agreement (PNM Resources Inc), Credit Agreement (PNM Resources Inc), Credit Agreement (PNM Resources Inc)

Use of Proceeds; Margin Stock. The proceeds of the Borrowings Loans hereunder will be used solely for the purposes specified in Section 7.9. None of such proceeds will be used (a)(ia) in violation of Regulation U or Regulation X (i) for the purpose of purchasing or carrying any Margin Stock “margin stock” as defined in Regulation U or Regulation X or (ii) for the purpose of reducing or retiring any Indebtedness which was originally incurred to purchase or carry Margin Stock, or (iii) for any other purpose that might constitute this transaction a purpose creditmargin stockwithin the meaning of Regulation U or (b) for the acquisition of another Person unless the board of directors (or other comparable governing body) or stockholders, as appropriate, of such Person has approved such acquisition.

Appears in 2 contracts

Samples: Credit Agreement (WPS Resources Corp), Three Year Credit Agreement (Wisconsin Energy Corp)

Use of Proceeds; Margin Stock. The proceeds of the Borrowings Credit Extensions hereunder will be used solely for the purposes specified in Section 7.9. None of such proceeds will be used (a)(i) for the purpose of purchasing or carrying any Margin Stock or (ii) for the purpose of reducing or retiring any Indebtedness which was originally incurred to purchase or carry Margin Stock, or (iii) for any other purpose that might constitute this transaction a "purpose credit" within the meaning of Regulation U or (b) for the acquisition of another Person unless the board of directors (or other comparable governing body) or stockholders, as appropriate, of such Person has approved such acquisition.

Appears in 2 contracts

Samples: Credit Agreement (PNM Resources Inc), Credit Agreement (PNM Resources Inc)

Use of Proceeds; Margin Stock. The proceeds of the Borrowings Loans hereunder will be used solely for the purposes specified in Section 7.9. None of such proceeds will be used (a)(ia) in violation of Regulation U or Regulation X (i) for the purpose of purchasing or carrying any Margin Stock "margin stock" as defined in Regulation U or Regulation X or (ii) for the purpose of reducing or retiring any Indebtedness which was originally incurred to purchase or carry Margin Stock, or (iii) for any other purpose that might constitute this transaction a “purpose credit” within the meaning of Regulation U "margin stock" or (b) for the acquisition of another Person unless the board of directors (or other comparable governing body) or stockholders, as appropriate, of such Person has approved such acquisition.

Appears in 2 contracts

Samples: Credit Agreement (Wisconsin Public Service Corp), Credit Agreement (Wisconsin Public Service Corp)

Use of Proceeds; Margin Stock. The proceeds of the Borrowings Loans hereunder will be used solely for the purposes specified in Section 7.97.8. None of such proceeds will be used (a)(ia) in violation of Regulation U or Regulation X (i) for the purpose of purchasing or carrying any Margin Stock "margin stock" as defined in Regulation U or Regulation X or (ii) for the purpose of reducing or retiring any Indebtedness which was originally incurred to purchase or carry Margin Stock, or (iii) for any other purpose that might constitute this transaction a “purpose credit” within the meaning of Regulation U "margin stock" or (b) for the acquisition of another Person unless the board of directors (or other comparable governing body) or stockholders, as appropriate, of such Person has approved such acquisition.

Appears in 2 contracts

Samples: Credit Agreement (WPS Resources Corp), Credit Agreement (WPS Resources Corp)

Use of Proceeds; Margin Stock. The proceeds of the Borrowings Credit Extensions to the Borrower hereunder will be used solely for the purposes specified in Section 7.9. None of such proceeds will be used (a)(ia) for the purpose of (i) purchasing or carrying any Margin Stock or Stock, (ii) for the purpose of reducing or retiring any Indebtedness which was originally incurred to purchase or carry Margin Stock, or (iii) for any other purpose that might constitute this transaction a “purpose credit” within the meaning of Regulation U or (b) for the acquisition of another Person unless the board of directors (or other comparable governing body) or stockholders, as appropriate, of such Person has approved such acquisition.

Appears in 2 contracts

Samples: Credit Agreement (Public Service Co of New Mexico), Term Loan Credit Agreement (PNM Resources Inc)

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Use of Proceeds; Margin Stock. The proceeds of the Borrowings hereunder will be used solely for the purposes specified in Section 7.9. None of such proceeds will be used (a)(i) for the purpose of purchasing or carrying any Margin Stock or (ii) for the purpose of reducing or retiring any Indebtedness which was originally incurred to purchase or carry Margin Stock, or (iii) for any other purpose that might constitute this transaction a "purpose credit" within the meaning of Regulation U or (b) for the acquisition of another Person unless the board of directors (or other comparable governing body) or stockholders, as appropriate, of such Person has approved such acquisition.

Appears in 1 contract

Samples: Term Loan Agreement (PNM Resources Inc)

Use of Proceeds; Margin Stock. The proceeds of the Borrowings hereunder Term Loans will be used solely for the purposes specified in Section 7.96.9. None of such proceeds will be used (a)(i) for the purpose of (a) (i) purchasing or carrying any Margin Stock or (ii) for the purpose of reducing or retiring any Indebtedness which was originally incurred to purchase or carry Margin Stock, or (iii) for any other purpose that might constitute this transaction a “purpose credit” within the meaning of Regulation U or (b) for the acquisition of another Person unless the board of directors (or other comparable governing body) or stockholders, as appropriate, of such Person has approved such acquisition.

Appears in 1 contract

Samples: Term Loan Agreement (PNM Resources Inc)

Use of Proceeds; Margin Stock. The proceeds of the Borrowings hereunder will be used solely for the purposes specified in Section 7.9. None of such proceeds will be used (a)(ii) in violation of Regulation U or Regulation X (A) for the purpose of purchasing or carrying any Margin Stock “margin stock” as defined in Regulation U or Regulation X or (iiB) for the purpose of reducing or retiring any Indebtedness which that was originally incurred to purchase or carry Margin Stock, “margin stock” or (iii) for any other purpose that might constitute this transaction a “purpose credit” within the meaning of Regulation U or (bii) for the acquisition of another Person unless the board of directors (or other comparable governing body) or stockholders, as appropriate, of such Person has approved such acquisition.

Appears in 1 contract

Samples: Credit Agreement (Wisconsin Energy Corp)

Use of Proceeds; Margin Stock. The proceeds of the Borrowings hereunder will be used solely for the purposes specified in Section 7.96.2. None of such proceeds will be used (a)(i) for the purpose of purchasing or carrying any Margin Stock or (ii) for the purpose of reducing or retiring any Indebtedness which was originally incurred to purchase or carry Margin Stock, or (iii) for any other purpose that might constitute this transaction a “purpose credit” within the meaning of Regulation U or (b) for the acquisition of another Person unless the board of directors (or other comparable governing body) or stockholders, as appropriate, of such Person has approved such acquisition.

Appears in 1 contract

Samples: Credit Agreement (Public Service Co of New Mexico)

Use of Proceeds; Margin Stock. The proceeds of the Borrowings hereunder Loans will be used solely for the purposes specified in Section 7.9. None of such proceeds will be used (a)(i) for the purpose of (a) (i) purchasing or carrying any Margin Stock or (ii) for the purpose of reducing or retiring any Indebtedness which was originally incurred to purchase or carry Margin Stock, or (iii) for any other purpose that might constitute this transaction a “purpose credit” within the meaning of Regulation U or (b) for the acquisition of another Person unless the board of directors (or other comparable governing body) or stockholders, as appropriate, of such Person has approved such acquisition.

Appears in 1 contract

Samples: Delayed Draw Term Loan Agreement (Public Service Co of New Mexico)

Use of Proceeds; Margin Stock. The proceeds of the Borrowings hereunder will be used solely for the purposes specified in Section 7.9. None of such proceeds will be used (a)(i) for the purpose of purchasing or carrying any Margin 37 Stock or (ii) for the purpose of reducing or retiring any Indebtedness which was originally incurred to purchase or carry Margin Stock, or (iii) for any other purpose that might constitute this transaction a “purpose credit” within the meaning of Regulation U or (b) for the acquisition of another Person unless the board of directors (or other comparable governing body) or stockholders, as appropriate, of such Person has approved such acquisition.

Appears in 1 contract

Samples: Term Loan Agreement (PNM Resources Inc)

Use of Proceeds; Margin Stock. The proceeds of the Borrowings Loans hereunder will be used solely for the purposes specified in Section 7.9. None of such proceeds will be used (a)(ia) in violation of Regulation U or Regulation X (i) for the purpose of purchasing or carrying any Margin Stock “margin stock” as defined in Regulation U or Regulation X or (ii) for the purpose of reducing or retiring any Indebtedness which that was originally incurred to purchase or carry Margin Stock, or (iii) for any other purpose that might constitute this transaction a purpose creditmargin stockwithin the meaning of Regulation U or (b) for the acquisition of another Person unless the board of directors (or other comparable governing body) or stockholders, as appropriate, of such Person has approved such acquisition.

Appears in 1 contract

Samples: Credit Agreement (Wisconsin Energy Corp)

Use of Proceeds; Margin Stock. The proceeds of the Borrowings Credit Extensions hereunder will be used solely for the purposes specified in Section 7.9. None of such proceeds will be used (a)(i) for the purpose of (a) (i) purchasing or carrying any Margin Stock or (ii) for the purpose of reducing or retiring any Indebtedness which was originally incurred to purchase or carry Margin Stock, or (iii) for any other purpose that might constitute this transaction a “purpose credit” within the meaning of Regulation U or (b) for the acquisition of another Person unless the board of directors (or other comparable governing body) or stockholders, as appropriate, of such Person has approved such acquisition.

Appears in 1 contract

Samples: Reimbursement Agreement (PNM Resources Inc)

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