Use of Proceeds of Commercial Paper Notes Sample Clauses

Use of Proceeds of Commercial Paper Notes. NFC shall use the proceeds of the Commercial Paper Notes solely for one or more of the following purposes: (a) to pay matured Commercial Paper Notes when due, in accordance with the Depositary Agreement; (b) to fund Loaner and (c) to pay principal of, or interest on, any Liquidity Advance or any other amount payable by NFC under this Liquidity Agreement or to reimburse the Support Credit Enhancers or the Cash Reserve Account for any Support Liquidity Disbursement and any interest thereon or the Cash Collateral Accounts for any LOC Liquidity Disbursement and any interest thereon. Notwithstanding any provision of this Liquidity Agreement, on any day when any Liquidity Advance is outstanding, NFC shall not use the net proceeds of the issuance of Commercial Paper Notes to fund Loans.
Sample 1
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Use of Proceeds of Commercial Paper Notes. Dollar Thrifty Funding shall use the proceeds of the Commercial Paper Notes solely for one or more of the following purposes: (i) to pay matured Commercial Paper Notes when due, in accordance with the Depositary Agreement; (ii) to fund the purchase of the Series 1998-1 Notes; and (iii) to pay principal of, or interest on, any Liquidity Advance or any other amount payable by Dollar Thrifty Funding under the Liquidity Agreement or to reimburse the Series 1998-1 Letter of Credit Provider or the Series 1998-1 Cash Collateral Account for any LOC Liquidity Disbursement and any interest thereon. Notwithstanding any provision of this Agreement to the contrary, on any day when any LOC Liquidity Disbursement is outstanding, Dollar Thrifty Funding shall not use the net proceeds of the issuance of Commercial Paper Notes to purchase any additional principal amount of Series 1998-1 Notes.
Sample 1
Use of Proceeds of Commercial Paper Notes. NFC shall use the proceeds of the Commercial Paper Notes solely for one or more of the following purposes: (a) to pay matured Commercial Paper Notes when due, in accordance with the Depositary Agreement; (b) to fund Series 1996-2 Advances; and (c) to pay principal of, or interest on, any Liquidity Advance or any other amount payable by NFC under this Liquidity Agreement or to reimburse the Series 1996-2 Support Credit Enhancers for any Support Liquidity Disbursement and any interest thereon or the Series 1996-2 Cash Collateral Accounts for any LOC Liquidity Disbursement and any interest thereon. "Notwithstanding any provision of this Liquidity Agreement, at any time when any Liquidity Advance is outstanding, NFC shall not use the net proceeds of the issuance of Commercial Paper Notes to fund further Series 1996-2 Advances.
Sample 1
Use of Proceeds of Commercial Paper Notes. RFC shall use the proceeds of the Commercial Paper Notes solely for one or more of the following purposes: (a) to pay matured Commercial Paper Notes when due, in accordance with the Depositary Agreement; (b) to fund Series 1997-1 Advances; and (c) to pay principal of, or interest on, any Liquidity Advance or any other amount payable by RFC under this Series 1997-1 Liquidity Agreement or to reimburse the Series 1997-1 Support Letter of Credit Providers for any Support Liquidity Disbursements and any interest thereon or the Series 1997-1 Cash Collateral Account for any LOC Liquidity Disbursement and any interest thereon.
Sample 1
Use of Proceeds of Commercial Paper Notes. DTFC shall use the proceeds of the Commercial Paper Notes solely for one or more of the following purposes: (a) to pay matured Commercial Paper Notes when due, in accordance with the Depositary Agreement; (b) to fund advances under the Series 1998-1 Notes; and (c) to pay principal of, or interest on, any Liquidity Advance or any other amount payable by DTFC under this Liquidity Agreement or to reimburse the Series 1998-1 Letter of Credit Provider for any LOC Liquidity Disbursement and any interest thereon or the Series 1998-1 Cash Collateral Account for any LOC Liquidity Disbursement and any interest thereon. Notwithstanding any provision of this Liquidity Agreement, on any day when any Liquidity Advance is outstanding, DTFC shall not use the net proceeds of the issuance of Commercial Paper Notes to fund further advances under the Series 1998-1 Notes.
Sample 1
Use of Proceeds of Commercial Paper Notes. (i) Xxxxx shall ----------------------------------------- use the proceeds of the Commercial Paper Notes solely for one or more of the following purposes: (A) to pay matured Commercial Paper Notes when due, in accordance with the Depositary Agreement; (B) to fund Loans; and (C) to pay principal of, or interest on, any Liquidity Advance or any other amount payable by Xxxxx under this Agreement or other Related Document and any interest thereon.
Sample 1

Related to Use of Proceeds of Commercial Paper Notes

  • Use of Proceeds of Loans The Company shall use the proceeds of Loans for general lawful corporate purposes, including, without limitation financing working capital and capital expenditures, lending to its Subsidiaries and acquiring other Persons or businesses so long as the acquisition is approved by the board of directors of the Person being acquired.

  • Use of Proceeds and Letters of Credit The proceeds of the Loans will be used only for general corporate purposes, including, without limitation, refinance of existing debt, working capital, capital expenditures, and acquisitions. No part of the proceeds of any Loan will be used, whether directly or indirectly, for any purpose that entails a violation of any of the Regulations of the Board, including Regulations T, U and X. Letters of Credit will be issued only to support general corporate purposes, including, without limitation, refinance of existing debt, working capital, and capital expenditures.

  • Use of Proceeds; Letters of Credit The Borrower will not permit the proceeds of any Advance or Letters of Credit to be used for any purpose other than those permitted by Section 5.09. The Borrower will not engage in the business of extending credit for the purpose of purchasing or carrying margin stock (within the meaning of Regulation U). Neither the Borrower nor any Person acting on behalf of the Borrower has taken or shall take, nor permit any of the Borrower’s Subsidiaries to take any action which might cause any of the Loan Documents to violate Regulation T, U or X or any other regulation of the Board of Governors of the Federal Reserve System or to violate Section 7 of the Securities Exchange Act of 1934 or any rule or regulation thereunder, in each case as now in effect or as the same may hereinafter be in effect, including without limitation, the use of the proceeds of any Advance or Letters of Credit to purchase or carry any margin stock in violation of Regulation T, U or X.

  • Use of Proceeds; Margin Securities Neither the Borrower nor any Subsidiary is engaged principally, or as one of its important activities, in the business of extending credit for the purpose of purchasing or carrying margin stock (within the meaning of Regulations T, U, or X of the Board of Governors of the Federal Reserve System), and no part of the proceeds of any Advance will be used to purchase or carry any margin stock or to extend credit to others for the purpose of purchasing or carrying margin stock.

  • Use of Proceeds of Advances Advances of the Revolving Credit shall be used to finance working capital and other lawful corporate purposes.

  • Proceeds of Notes The Borrower will not permit the proceeds of the Notes to be used for any purpose other than those permitted by Section 7.21. Neither the Borrower nor any Person acting on behalf of the Borrower has taken or will take any action which might cause any of the Loan Documents to violate Regulations T, U or X or any other regulation of the Board or to violate Section 7 of the Securities Exchange Act of 1934 or any rule or regulation thereunder, in each case as now in effect or as the same may hereinafter be in effect. If requested by the Administrative Agent, the Borrower will furnish to the Administrative Agent and each Lender a statement to the foregoing effect in conformity with the requirements of FR Form U-1 or such other form referred to in Regulation U, Regulation T or Regulation X of the Board, as the case may be.

  • Use of Proceeds, Etc All proceeds of each Advance made to the Designated Borrower will be used by it only in accordance with the provisions of Section 2.12 of the Credit Agreement. It is not, nor will be, engaged in the business of extending credit for the purpose of buying or carrying Margin Stock and no proceeds of any Advance will be used by it to extend credit to others for the purpose of buying or carrying any Margin Stock. Neither the making of any Advance to the Designated Borrower nor the use of the proceeds thereof will violate or be inconsistent with the provisions of Regulations U or X issued by the Board of Governors of the Federal Reserve System.

  • 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.

  • Use of Proceeds and Margin Security The Borrowers shall use the proceeds of the Loan only for the purposes set forth herein and consistent with all applicable laws, statutes, rules and regulations. No portion of the proceeds of the Loan shall be used by the Borrowers or any Person in any manner that might cause the borrowing or the application of such proceeds to violate Regulation T, Regulation U or Regulation X or any other regulation of the Board of Governors of the Federal Reserve System.

  • Use of Proceeds; Margin Regulations The Company will apply the proceeds of the sale of the Bonds to repay existing indebtedness and for general corporate purposes and in compliance with all laws referenced in Section 5.16. No part of the proceeds from the sale of the Bonds hereunder will be used, directly or indirectly, for the purpose of buying or carrying any margin stock within the meaning of Regulation U of the Board of Governors of the Federal Reserve System (12 CFR 221), or for the purpose of buying or carrying or trading in any securities under such circumstances as to involve the Company in a violation of Regulation X of said Board (12 CFR 224) or to involve any broker or dealer in a violation of Regulation T of said Board (12 CFR 220). Margin stock does not constitute more than 2% of the value of the consolidated assets of the Company and its Subsidiaries and the Company does not have any present intention that margin stock will constitute more than 2% of the value of such assets. As used in this Section, the terms “margin stock” and “purpose of buying or carrying” shall have the meanings assigned to them in said Regulation U.

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