Use of Proceeds; Regulation U. The proceeds of each Borrowing, and the credit provided by Letters of Credit, will be used by the respective Borrowers for the purposes set forth in Section 5.08. No Borrower will use any part of the proceeds of any of the Borrowings or of the Letters of Credit directly or indirectly to purchase or carry any margin stock 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, and the credit provided by Letters of Credit, will be used by the respective Borrowers Borrower for the purposes set forth in Section 5.08working capital, issuance of letters of credit and general corporate purposes. No The Borrower will not use any part of the proceeds of any of the Borrowings or of the Letters of Credit directly or indirectly to purchase or carry any margin stock (as defined in Section 5.1 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, and the credit provided by Letters of Credit, Borrowing will be used by the respective Borrowers Borrower for the purposes set forth in Section 5.08working capital and general corporate purposes. No The Borrower will not use any part of the proceeds of any of the Borrowings or of the Letters of Credit directly or indirectly to purchase or carry any margin stock (as defined in Section 5.11 hereof) or to extend credit to others for the purpose of purchasing or carrying any such margin stock.
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Samples: 364 Day Revolving Credit Agreement (NRG Energy Inc)
Use of Proceeds; Regulation U. The proceeds of each Borrowing, and the credit provided by Letters of Credit, will be used by the respective Borrowers for the purposes as set forth in Section 5.086.08. No Borrower will use any part of the proceeds of any of the Borrowings or of the Letters of Credit directly or indirectly to purchase or carry any margin stock Margin Stock or to extend credit to others for the purpose of purchasing or carrying any such margin stockMargin Stock.
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Use of Proceeds; Regulation U. The proceeds of each Borrowing, and the credit provided by Letters of Credit, will be used by the respective Borrowers Borrower, the Parent and the Parent’s Subsidiaries for working capital, and other general corporate purposes including acquisitions of businesses permitted by Section 7.14 hereof and the purposes set forth in Section 5.08payment of dividends and distributions. No The Borrower will not use any part of the proceeds of any of the Borrowings or of the Letters of Credit directly or indirectly to purchase or carry any margin stock or to extend credit to others for the purpose of purchasing or carrying any such margin stock.-65-
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Use of Proceeds; Regulation U. The proceeds of each Borrowing, and the credit provided by Letters of Credit, Borrowing will be used by the respective Borrowers Borrower to finance capital expenditures and Acquisitions permitted hereby, for the purposes set forth in Section 5.08working capital, repayment of other Indebtedness, and other general corporate purposes. No The Borrower will shall not use any part of the proceeds of any of the Borrowings or of the Letters of Credit directly or indirectly to purchase or carry any margin stock (as defined in Section 6.10 hereof) or to extend credit to others for the purpose of purchasing or carrying any such margin stock.
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