Use of Proceeds; Regulations U and X. The proceeds of the Loans ------------------------------------ shall be used by the Borrower solely to restate and refinance the Loans under the Prior Credit Agreement, for Permitted Acquisitions and for working capital and general corporate purposes. The Borrower will obtain Letters of Credit solely for Permitted Acquisitions and 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.
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Use of Proceeds; Regulations U and X. The proceeds of the Loans ------------------------------------ shall be used by the Borrower solely to restate and refinance the Loans under the Prior Credit Agreement, Borrowers for Permitted Acquisitions Acquisitions, investments permitted under §10.3, the Planned Acquisition to the extent provided in §10.5 and for working capital capital, Capital Expenditures and general corporate purposes. The Borrower Borrowers will obtain Letters of Credit solely for Permitted Acquisitions and 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.
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Samples: Revolving Credit and Term Loan Agreement (Genesee & Wyoming Inc)
Use of Proceeds; Regulations U and X. The proceeds of the Loans ------------------------------------ shall be used by the Borrower solely to restate and refinance the Loans under the Prior Credit Agreement, Borrowers for Permitted Acquisitions Acquisitions, investments permitted under §10.3 and for working capital capital, Capital Expenditures and general corporate purposes. The Borrower Borrowers will obtain Letters of Credit solely for Permitted Acquisitions and 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.
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Samples: Revolving Credit and Term Loan Agreement (Genesee & Wyoming Inc)
Use of Proceeds; Regulations U and X. The proceeds of the Revolving Credit Loans ------------------------------------ and the obtaining of the Letters of Credit shall be used by the Borrower solely to restate and refinance the Loans under the Prior Credit Agreement, for Permitted Acquisitions and for working capital and general corporate purposes. The Borrower will obtain Letters , including (i) refinancing existing indebtedness of Credit solely for the Borrower, (ii) providing working capital, and (iii) making Permitted Acquisitions and for working capital and general corporate purposesAcquisitions. No portion of any Revolving Credit 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.
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Use of Proceeds; Regulations U and X. The proceeds of the Loans ------------------------------------ shall be used by to make payments pursuant to the Borrower solely to restate and refinance the Loans under the Prior Credit Agreement, for Permitted Acquisitions Plan and for working capital and general corporate purposespurposes including, without limitation, to replace or support the Existing Letters of Credit. The Borrower will obtain Letters of Credit solely for Permitted Acquisitions and 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.
Appears in 1 contract
Samples: Revolving Credit Agreement (Sassco Fashions LTD /De/)