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

Use of Proceeds; Margin Stock. The Company shall use the proceeds of the Loans and other extensions of credit made available hereunder solely for its general working capital purposes and for such other legal and proper purposes as are consistent with all applicable laws and the terms of this Agreement. Neither the Company nor any Subsidiary is engaged in the business of extending credit for the purpose of purchasing or carrying margin stock (within the meaning of Regulation U of the Board of Governors of the Federal Reserve System), and no part of the proceeds of any Loan or any other extension of credit made hereunder will be used to purchase or carry any such margin stock or to extend credit to others for the purpose of purchasing or carrying any such margin stock.

Appears in 3 contracts

Samples: Credit Agreement (Kaneb Services LLC), QMS Inc, JPS Packaging Co

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Use of Proceeds; Margin Stock. The Company shall use the proceeds of the Loans and other extensions of credit made available hereunder solely for its general working capital purposes and for such other legal and proper purposes as are consistent with all applicable laws and the terms of this Agreementlaws. Neither the Company nor any Subsidiary is engaged in the business of extending credit for the purpose of purchasing or carrying margin stock (within the meaning of Regulation U of the Board of Governors of the Federal Reserve System), and no part of the proceeds of any Loan or any other extension of credit made hereunder will be used to purchase or carry any such margin stock or to extend credit to others for the purpose of purchasing or carrying any such margin stock.

Appears in 3 contracts

Samples: Multicurrency Credit Agreement (Anicom Inc), Long Term Credit Agreement (Anicom Inc), Short Term Credit Agreement (Anicom Inc)

Use of Proceeds; Margin Stock. The Company Borrower shall use the proceeds of the Loans and other extensions of credit made available hereunder solely Revolving Credit for its general working capital purposes and for such other legal and proper purposes as are consistent with all applicable laws and the terms of this Agreementlaws. Neither the Company Borrower nor any Subsidiary is engaged in the business of extending credit for the purpose of purchasing or carrying margin stock (within the meaning of Regulation U of the Board of Governors of the Federal Reserve System), and no part of the proceeds of any Loan or any other extension of credit made hereunder will be used to purchase or carry any such margin stock or to extend credit to others for the purpose of purchasing or carrying any such margin stock.

Appears in 2 contracts

Samples: Credit Agreement (Ios Brands Corp), Credit Agreement (Ios Brands Corp)

Use of Proceeds; Margin Stock. The Company Borrower shall use the proceeds of the Loans and other extensions of credit made available hereunder solely for its general working capital purposes and for such other legal and proper purposes as are consistent with all applicable laws and the terms of this Agreementlaws. Neither the Company Borrower nor any Subsidiary is engaged in the business of extending credit for the purpose of purchasing or carrying margin stock (within the meaning of Regulation U of the Board of Governors of the Federal Reserve System), and no part of the proceeds of any Loan or any other extension of credit made hereunder will be used to purchase or carry any such margin stock or to extend credit to others for the purpose of purchasing or carrying any such margin stock.

Appears in 2 contracts

Samples: Credit Agreement (Diamond Management & Technology Consultants, Inc.), Credit Agreement (Diamond Management & Technology Consultants, Inc.)

Use of Proceeds; Margin Stock. The Company Borrower shall use the proceeds of the Loans and other extensions of credit made available hereunder solely to finance working capital and for its general working capital purposes and for such other legal and proper purposes as are consistent with all applicable laws and the terms of this Agreementpurposes. Neither the Company Borrower nor any Subsidiary is engaged in the business of extending credit for the purpose of purchasing or carrying margin stock (within the meaning of Regulation U of the Board of Governors of the Federal Reserve System), and no part of the proceeds of any Loan or any other extension of credit made hereunder will be used to purchase or carry any such margin stock or to extend credit to others for the purpose of purchasing or carrying any such margin stock.

Appears in 2 contracts

Samples: Credit Agreement (Accretive Health, Inc.), Credit Agreement (Accretive Health, Inc.)

Use of Proceeds; Margin Stock. The Company shall use the proceeds of the Loans issuance of the Notes to refinance all or a part of its existing senior credit facility, to pay fees and other extensions of credit made available hereunder solely for its expenses associated with such refinancing and general working capital purposes and for such other legal and proper purposes as are consistent with all applicable laws and the terms of this Agreementpurposes. Neither the Company nor any Subsidiary of its Subsidiaries is engaged in the business of extending credit for the purpose of purchasing or carrying margin stock (within the meaning of Regulation U of the Board of Governors of the Federal Reserve System), and no part of the proceeds of any Loan or any other extension of credit made Note hereunder will be used to purchase or carry any such margin stock or to extend credit to others for the purpose of purchasing or carrying any such margin stock.

Appears in 2 contracts

Samples: Note and Warrant Purchase Agreement (Morton Industrial Group Inc), Note and Warrant Purchase Agreement (Morton Industrial Group Inc)

Use of Proceeds; Margin Stock. The Company Borrower shall use the proceeds of the Loans and other extensions of credit made available hereunder solely Revolving Credit for its general working capital purposes and for such other legal and proper purposes as are consistent with all applicable laws and the terms of this Agreementlaws. Neither the Company Parent, the Borrower nor any Subsidiary is engaged in the business of extending credit for the purpose of purchasing or carrying margin stock (within the meaning of Regulation U of the Board of Governors of the Federal Reserve System), and no part of the proceeds of any Loan or any other extension of credit made hereunder will be used to purchase or carry any such margin stock or to extend credit to others for the purpose of purchasing or carrying any such margin stock.

Appears in 1 contract

Samples: Credit Agreement (FTD Inc)

Use of Proceeds; Margin Stock. The Company shall use the proceeds of the Loans and other extensions of credit made available hereunder solely for its general working capital purposes and for such other legal and proper purposes as are consistent with all applicable laws and the terms of this Agreementlaws. Neither the Company nor any Subsidiary is engaged in the business of extending credit for the purpose of purchasing or carrying margin stock (within the meaning of Regulation U of the Board of Governors of the Federal Reserve System), and no part of the proceeds of any Loan or any other extension of credit made hereunder will be used to purchase or carry any such margin stock or to extend credit to others for the purpose of purchasing or carrying any such margin stock. Margin stock constitutes less than 25% of those assets of the Company and its Subsidiaries which are the subject to any limitation on sale, pledge or other restriction hereunder.

Appears in 1 contract

Samples: Credit Agreement (Ha Lo Industries Inc)

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Use of Proceeds; Margin Stock. The Company Each Borrower shall use the proceeds of the Loans and other extensions of credit made available hereunder solely for its general working capital purposes and for such other legal and proper purposes as are consistent with all applicable laws and the terms of this Agreementlaws. Neither the Company nor any Subsidiary is engaged in the business of extending credit for the purpose of purchasing or carrying margin stock (within the meaning of Regulation U of the Board of Governors of the Federal Reserve System), and no part of the proceeds of any Loan or any other extension of credit made hereunder will be used to purchase or carry any such margin stock or to extend credit to others for the purpose of purchasing or carrying any such margin stock.

Appears in 1 contract

Samples: Guaranty Agreement (Comshare Inc)

Use of Proceeds; Margin Stock. The Company Borrower shall use the proceeds of the Loans and other extensions of credit made available hereunder solely for to satisfy its general working capital purposes and for such other legal and proper purposes as are consistent obligations to take delivery of Deliverable Obligations under Credit Swaps entered into in compliance with all applicable laws and the terms of this AgreementOperating Guidelines. Neither the Company nor any Subsidiary The Borrower is not engaged in the business of extending credit for the purpose of purchasing or carrying margin stock (within the meaning of Regulation U of the Board of Governors of the Federal Reserve System), and no part of the proceeds of any Loan or any other extension of credit made hereunder will be used to purchase or carry any such margin stock or to extend credit to others for the purpose of purchasing or carrying any such margin stock.

Appears in 1 contract

Samples: Credit Agreement (Primus Guaranty LTD)

Use of Proceeds; Margin Stock. The Company Borrower shall use the proceeds of the Loans and other extensions of credit made available hereunder solely for its general working capital purposes and for such other legal and proper purposes as are consistent with all applicable laws and the terms of this Agreementlaws. Neither the Company Borrower nor any Subsidiary is engaged in the business of extending credit for the purpose of purchasing or carrying margin stock (within the meaning of Regulation U of the Board of Governors of the Federal Reserve System), and no part of the proceeds of any Loan or any other extension of credit made hereunder will be used to purchase or carry any such margin stock or to extend credit to others for the purpose of purchasing or carrying any such margin stock.

Appears in 1 contract

Samples: Credit Agreement (Woodhead Industries Inc)

Use of Proceeds; Margin Stock. The Company shall use the proceeds of the Loans and other extensions of credit made available hereunder solely for its general working capital purposes and for such other legal and proper purposes as are consistent with all applicable laws and the terms of this Agreementlaws. Neither the Company nor any Subsidiary is engaged in the business of extending credit for the purpose of purchasing or carrying margin stock (within the meaning of Regulation U of the Board of Governors of the Federal Reserve System), and no part of the proceeds of any Loan or any other extension of credit made hereunder will be used to purchase or carry any such margin stock or to extend credit to others for the purpose of purchasing or carrying any such margin stock. Section 6.5.

Appears in 1 contract

Samples: Long Term Multicurrency Credit Agreement (Anicom Inc)

Use of Proceeds; Margin Stock. The Company Borrower shall use the proceeds of the Loans to refinance existing indebtedness and other extensions of credit made available hereunder solely for its general working capital purposes and for such other legal and proper purposes as are consistent with all applicable laws and the terms of this Agreementlaws. Neither the Company Borrower nor any Subsidiary is engaged in the business of extending credit for the purpose of purchasing or carrying margin stock (within the meaning of Regulation U of the Board of Governors of the Federal Reserve System), and no part of the proceeds of any Loan or any other extension of credit made hereunder will be used to purchase or carry any such margin stock or to extend credit to others for the purpose of purchasing or carrying any such margin stock.

Appears in 1 contract

Samples: Credit Agreement

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