Use of Proceeds; Regulation U. The proceeds of each Borrowing will be used by the Borrower solely to provide back-up for commercial paper and for general corporate purposes. The Borrower will not use any part of the proceeds of any of the Borrowings directly or indirectly to purchase or carry any margin stock (as defined in Section 5.10 hereof) or to extend credit to others for the purpose of purchasing or carrying any such margin stock.
Appears in 14 contracts
Samples: Credit Agreement (Nicor Inc), Credit Agreement (Northern Illinois Gas Co /Il/ /New/), 364 Day Credit Agreement (Northern Illinois Gas Co /Il/ /New/)
Use of Proceeds; Regulation U. The proceeds of each Borrowing will be used by the a Borrower solely to provide back-up for commercial paper and for general corporate purposespurposes of such Borrower. The Neither Borrower will not use any part of the proceeds of any of the Borrowings directly or indirectly to purchase or carry any margin stock (as defined in Section 5.10 hereof) or to extend credit to others for the purpose of purchasing or carrying any such margin stock.
Appears in 4 contracts
Samples: Credit Agreement (Northern Illinois Gas Co /Il/ /New/), Credit Agreement (Northern Illinois Gas Co /Il/ /New/), Credit Agreement (Nicor Inc)
Use of Proceeds; Regulation U. The proceeds of each Borrowing will be used by the Borrower solely to provide back-up for commercial paper paper, the proceeds of which have been used or will be used to purchase natural gas and for general corporate purposesnatural gas purchases. The Borrower will not use any part of the proceeds of any of the Borrowings directly or indirectly to purchase or carry any margin stock (as defined in Section 5.10 hereof) or to extend credit to others for the purpose of purchasing or carrying any such margin stock.
Appears in 4 contracts
Samples: Credit Agreement (Northern Illinois Gas Co /Il/ /New/), Credit Agreement (Northern Illinois Gas Co /Il/ /New/), Credit Agreement (Nicor Inc)
Use of Proceeds; Regulation U. The proceeds of each Borrowing will be used by the a Borrower solely to provide back-up for commercial paper and for general corporate purposespurposes of such Borrower. The Neither Borrower will not use any part of the proceeds of any of the Borrowings directly or indirectly to purchase or carry any margin stock (as defined in Section 5.10 hereof) or to extend credit to others for the purpose of purchasing or carrying any such margin stock.
Appears in 2 contracts
Samples: Credit Agreement (Nicor Inc), Credit Agreement (Northern Illinois Gas Co /Il/ /New/)
Use of Proceeds; Regulation U. The proceeds of each Borrowing will be used by the Borrower solely to provide back-up for commercial paper repay indebtedness outstanding under the Existing Credit Agreement, and for working capital and general corporate purposes. The Borrower will not use any part of the proceeds of any of the Borrowings directly or indirectly to purchase or carry any margin stock (as defined in Section 5.10 5.11 hereof) or to extend credit to others for the purpose of purchasing or carrying any such margin stock.
Appears in 2 contracts
Samples: 364 Day Revolving Credit Agreement (NRG Energy Inc), 364 Day Revolving Credit Agreement (NRG Energy Inc)
Use of Proceeds; Regulation U. The proceeds of each Borrowing will be used by the Borrower solely to provide back-up for commercial paper and for general corporate purposesrepay borrowings under the Subject Credit Agreements. The Borrower will not use any part of the proceeds of any of the Borrowings directly or indirectly to purchase or carry any margin stock (as defined in Section 5.10 hereof) or to extend credit to others for the purpose of purchasing or carrying any such margin stock.
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Use of Proceeds; Regulation U. The proceeds of each Borrowing will be used by the Borrower solely to provide back-up for commercial paper refinance borrowings under the Existing Credit Agreement and for general corporate purposespurposes of the Borrower and its Subsidiaries. The Borrower will not use any part of the proceeds of any of the Borrowings directly or indirectly to purchase or carry any margin stock (as defined in Section 5.10 hereof) or to extend credit to others for the purpose of purchasing or carrying any such margin stock.
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Use of Proceeds; Regulation U. The proceeds of each Borrowing will be used by the Borrower solely to provide back-up for commercial paper and for general corporate purposesrepay borrowings under the Revolving Credit Agreement. The Borrower will not use any part of the proceeds of any of the Borrowings directly or indirectly to purchase or carry any margin stock (as defined in Section 5.10 hereof) or to extend credit to others for the purpose of purchasing or carrying any such margin stock.
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Use of Proceeds; Regulation U. The proceeds of each Borrowing will be used by the Borrower solely to provide back-up for commercial paper and for general corporate purposesrepay borrowings under the Subject Credit Agreement. The Borrower will not use any part of the proceeds of any of the Borrowings directly or indirectly to purchase or carry any margin stock (as defined in Section 5.10 hereof) or to extend credit to others for the purpose of purchasing or carrying any such margin stock.
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Use of Proceeds; Regulation U. The proceeds of each Borrowing will be used by the Borrower solely to provide back-up for commercial paper and for general corporate purposespurposes and working capital needs. The Borrower will not use any part of the proceeds of any of the Borrowings directly or indirectly to purchase or carry any margin stock (as defined in Section 5.10 hereof) or to extend credit to others for the purpose of purchasing or carrying any such margin stock.
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Use of Proceeds; Regulation U. The proceeds of each Borrowing will be used by the Borrower solely to provide back-up for commercial paper working capital, repayment of other Indebtedness, and for other general corporate purposes. The Borrower will not use any part of the proceeds of any of the Borrowings directly or indirectly to purchase or carry any margin stock (as defined in Section 5.10 hereof) or to extend credit to others for the purpose of purchasing or carrying any such margin stock.in
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Use of Proceeds; Regulation U. The proceeds of each Borrowing will be used by the Borrower solely to provide back-up for commercial paper fund Borrower's working capital needs, and (ii) for general corporate purposespurposes of Borrower. The Borrower will not use any part of the proceeds of any of the Borrowings directly or indirectly to purchase or carry any margin stock (as defined in Section 5.10 hereof) or to extend credit to others for the purpose of purchasing or carrying any such margin stock.
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