Common use of Use of Proceeds; Regulations T, U and X Clause in Contracts

Use of Proceeds; Regulations T, U and X. The Borrowers will use the proceeds of the Loans solely for the purposes set forth in, as permitted by, and in accordance with Section 8.12 and Section 9.18. No Loan Party is engaged in the business of extending credit for the purpose of purchasing or carrying “margin stock” or “margin securities” within the meanings of Regulations T, U or X, and no proceeds of any Loan will be used to purchase or carry any margin stock or margin security or otherwise for a purpose which violates or would be inconsistent with Regulations T, U or Regulation X.

Appears in 3 contracts

Samples: Loan Agreement (Spark Networks SE), Loan Agreement (Spark Networks SE), Loan Agreement (Spark Networks SE)

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Use of Proceeds; Regulations T, U and X. The Borrowers Borrower will use the proceeds of the Loans solely for the purposes set forth in, as permitted by, and in accordance with Section 8.12 and Section 9.18. No Loan Party is engaged in the business of extending credit for the purpose of purchasing or carrying “margin stock” or “margin securities” within the meanings of Regulations T, U or X, and no proceeds of any Loan will be used to purchase or carry any margin stock or margin security or otherwise for a purpose which violates or would be inconsistent with Regulations T, U or Regulation X.

Appears in 3 contracts

Samples: Loan Agreement (Mimedx Group, Inc.), Loan Agreement (Mimedx Group, Inc.), Loan Agreement (Mimedx Group, Inc.)

Use of Proceeds; Regulations T, U and X. The Borrowers Borrower will use the proceeds of the Loans solely for the purposes set forth in, as permitted by, and in accordance with Section 8.12 and Section 9.18. No Loan Party is engaged in the business of extending credit for the purpose of purchasing or carrying “margin stock” or “margin securities” within the meanings of Regulations T, U or XMargin Stock, and no proceeds of any Loan will be used to purchase or carry any margin stock or margin security Margin Stock or otherwise for a purpose which violates or would be inconsistent with Regulations T, U or Regulation X.

Appears in 1 contract

Samples: Loan Agreement (Phi Inc)

Use of Proceeds; Regulations T, U and X. The Borrowers Borrower will use the proceeds of the Term Loans solely for the purposes set forth in, as in and permitted by, and in accordance with by Section 8.12 and Section 9.187.10. No Loan Party is engaged in the business of extending credit for the purpose of purchasing or carrying “margin stock” or “margin securities” within the meanings of Regulations T, U or XX of the Board of Governors, and no proceeds of any Term Loan will be used to purchase or carry any margin stock or margin security or otherwise for a purpose which violates or would be inconsistent with Regulations T, U or Regulation X.X of the Board of Governors.

Appears in 1 contract

Samples: Term Loan Agreement (Cinedigm Digital Cinema Corp.)

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Use of Proceeds; Regulations T, U and X. The Borrowers will use the proceeds of the Term Loans solely for the purposes set forth in, as permitted by, and in accordance with Section 8.12 and Section 9.189.20. No Loan Party is engaged in the business of extending credit for the purpose of purchasing or carrying “margin stock” or “margin securities” within the meanings of Regulations T, U or X, and no proceeds of any Term Loan will be used to purchase or carry any margin stock or margin security or otherwise for a purpose which violates or would be inconsistent with Regulations T, U or Regulation X.

Appears in 1 contract

Samples: Loan Agreement (Capital Park Holdings Corp.)

Use of Proceeds; Regulations T, U and X. The Borrowers Borrower will use the proceeds of the Loans solely for the purposes set forth in, as permitted by, and in accordance with Section 8.12 and Section 9.18. No Loan Party is engaged in the business of extending credit for the purpose of purchasing or carrying “margin stock” or “margin securities” within the meanings of Regulations T, U or X, and no proceeds of any Loan will be used to purchase or carry any margin stock or margin security or otherwise for a purpose which violates or would be inconsistent with Regulations T, U or Regulation X.X. No Loan Party is, or after giving effect to the Transactions and the other transactions contemplated under the Loan Documents will be, an “investment company” within the meaning of the Investment Company Act of 1940.

Appears in 1 contract

Samples: Loan Agreement (Mimedx Group, Inc.)

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