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

Use of Proceeds; Regulations U and X. The proceeds of the Loans shall be used by the Borrowers for Permitted Acquisitions, investments permitted under §10.3, the Planned Acquisition to the extent provided in §10.5 and for working capital, Capital Expenditures and general corporate purposes. The Borrowers will obtain Letters of Credit solely for working capital and general corporate purposes. No portion of any Loan is to be used, and no portion of any Letter of Credit is to be obtained, for the purpose of purchasing or carrying any “margin security” or “margin stock” as such terms are used in Regulations U and X of the Board of Governors of the Federal Reserve System, 12 C.F.R. Parts 221 and 224.

Use of Proceeds; Regulations U and X. The proceeds of the Loans shall be used by the Borrowers for Permitted Acquisitions, investments permitted under §10.3, the Planned Acquisition to the extent provided in §10.5 10.3 and for working capital, Capital Expenditures and general corporate purposes. The Borrowers will obtain Letters of Credit solely for working capital and general corporate purposes. No portion of any Loan is to be used, and no portion of any Letter of Credit is to be obtained, for the purpose of purchasing or carrying any “margin security” or “margin stock” as such terms are used in Regulations U and X of the Board of Governors of the Federal Reserve System, 12 C.F.R. Parts 221 and 224.

Use of Proceeds; Regulations U and X. The proceeds of the Loans shall be used by for the Borrowers for Permitted Acquisitions, investments permitted under §10.3, the Planned Acquisition to the extent provided in §10.5 and for working capital, Capital Expenditures and general corporate purposes. The Borrowers will obtain Letters purpose of Credit solely for (a) working capital and general corporate purposes, (b) funding Permitted Acquisitions including, without limitation, the SF Broadcasting Acquisition and Wabash Valley Broadcasting Acquisition, (c) refinancing all outstanding loans under the Existing Credit Agreement, and (d) funding other Investments permitted hereunder. No portion of any Loan is to be used, and no portion of any Letter of Credit is to be obtained, used for the purpose of purchasing or carrying any “"margin security” " or “"margin stock” " as such terms are used in Regulations U and X of the Board of Governors of the Federal Reserve System, 12 C.F.R. Parts 221 and 224. No portion of any Loan is to be used, and no portion of any Letter of Credit is to be obtained, for an investment in any Subsidiary of the Borrower which is not a party to a Guaranty. 8.18.

Use of Proceeds; Regulations U and X. The proceeds of the Loans shall be used by the Borrowers for Permitted Acquisitions, investments permitted under §10.3, the Planned Acquisition to make payments pursuant to the extent provided in §10.5 Plan and for working capital, Capital Expenditures capital and general corporate purposespurposes including, without limitation, to replace or support the Existing Letters of Credit. The Borrowers Borrower will obtain Letters of Credit solely for working capital and general corporate purposes. No portion of any Loan is to be used, and no portion of any Letter of Credit is to be obtained, for the purpose of purchasing or carrying any “"margin security” " or “"margin stock” " as such terms are used in Regulations U and X of the Board of Governors of the Federal Reserve System, 12 C.F.R. Parts 221 and 224.