Limitation on Use of Proceeds. The Company will apply the net proceeds received from the issuance and sale of the Securities (the "Securities Net Proceeds") toward the construction, improvement, and acquisition by the Company or one or more Restricted Subsidiaries of the Company or Joint Ventures of Telecommunications Assets of the Company, such Restricted Subsidiaries or Joint Ventures (or will advance such net proceeds to such Restricted Subsidiaries of the Company or Joint Ventures for such purpose); provided, however, pending such application, the Securities Net Proceeds may be invested in Marketable Securities. ARTICLE ELEVEN
Limitation on Use of Proceeds. Request any Loan or Letter of Credit, and the Borrower shall not use, shall procure that its Subsidiaries shall not use, and shall procure that its or their respective directors, officers, employees and agents shall not use, the proceeds of any Loan or Letter of Credit (a) in furtherance of an offer, payment, promise to pay, or authorization of the payment or giving of money, or anything else of value, to any Person in violation of any Anti-Corruption Laws, (b) for the purpose of funding, financing or facilitating any activities, business or transaction of or with any Sanctioned Person, or in any Sanctioned Country, in each case, in violation of applicable Sanctions or (c) in any manner that would result in the violation of any Sanctions applicable to any party hereto.
Limitation on Use of Proceeds. Request any Loan or Letter of Credit, and the Parent Borrower shall not use, shall procure that its Subsidiaries shall not use, and shall use its reasonable best efforts to procure that its or their respective directors, officers, employees and agents shall not use, the proceeds of any Loan or Letter of Credit (a) in furtherance of an offer, payment, promise to pay, or authorization of the payment or giving of money, or anything else of value, to any Person in violation of any Anti-Corruption Laws, (b) for the purpose of funding, financing or facilitating any activities, business or transaction of or with any Sanctioned Person, or in any Sanctioned Country to the extent such activities, business or transaction would be prohibited by Sanctions if conducted by a Person organized in any jurisdiction governed by the laws of the United States, the United Kingdom or in a European Union member state in which the Parent Borrower or any of its Subsidiaries is organized from time to time, or (c) in any manner that would result in the violation of any Sanctions applicable to any party hereto.
Limitation on Use of Proceeds. The Company shall use the proceeds of the Offering in accordance with the description thereof set forth under the caption "Use of Proceeds" in the Offering Memorandum.
Limitation on Use of Proceeds. Use the proceeds of the Loan for any purpose other than (i) to pay fees, costs and expenses or otherwise make any payments owing to the Lender hereunder, (ii) to make payments to employees in the ordinary course of the Borrower's Business consistent with the Borrower's payroll practices and (iii) to make payments with respect to amounts owed pursuant to trade payables as of the date of the respective advance under the Loan.
Limitation on Use of Proceeds. PROCEEDS PURCHASE OFFER All proceeds (net of underwriting discounts and commissions and other transaction expenses as set forth in the Prospectus under the caption "Use of Proceeds") received by the Company from the sale of the Notes shall be applied to the purchase of assets in the Horizon Acquisition or, as set forth below, to repay indebtedness under the Subsidiary's existing Bank Credit Facility pending such acquisition; provided, however, that no such proceeds may be applied to the purchase of assets in Horizon Acquisition until (i) the Company has received at least $19,000,000 in proceeds from the Preferred Stock Investment and (ii) the Trustee has received the certificates and opinions set forth in Exhibit B to the Indenture. Pending the consummation of the Horizon Acquisition, all such proceeds shall be held by the Company in a separate bank account, except that up to $71,500,000 of the net proceeds from the sale of the Notes may be contributed to the Subsidiary to repay indebtedness under the Subsidiary's existing Bank Credit Facility, but only to the extent that the banks thereunder consent to allow the amounts repaid to be reborrowed and paid as a dividend or other distribution to the Company for the sole purpose of funding a repurchase of the Notes in the event that the Horizon Acquisition does not occur within 120 days following the closing of the sale of the Notes. In the event that all of the net proceeds of the sale of the Notes have not been so applied, directly or indirectly, to the purchase of assets in the Horizon Acquisition within 120 days of the closing of the sale of the Notes, the Company will make an offer (a "Proceeds Purchase Offer") to all holders of Notes to purchase on a pro rata basis, at a price of 101% of the principal amount thereof plus accrued interest to the purchase date, all Notes that may be purchased at such price with such unapplied net proceeds. If applicable, within five business days following the end of the 120-day period referred to above, the Company will mail a notice to each Holder setting forth the Proceeds Purchase Offer and offering to repurchase Notes pursuant to the procedures required by the Indenture and described in such notice. The Company will comply with the requirements of Rule 14e-1 under the Exchange Act and any other securities laws and regulations thereunder to the extent such laws and regulations are applicable in connection with the repurchase of the Notes in the Proceeds Purchase Offer.
Limitation on Use of Proceeds. Use the proceeds of Loans made or Letters of Credit issued hereunder for any purposes other than those expressly permitted pursuant to Section 5.21 of this Agreement.
Limitation on Use of Proceeds. Shall not permit any of the proceeds of the Loans to be used directly or indirectly for any purposes other than the purposes expressly set forth in this Agreement, or by any party other than Borrowers.
Limitation on Use of Proceeds. Permit the proceeds of the Note to be used for any purpose other than as permitted by Section 3.10 hereof.
Limitation on Use of Proceeds. (a) From and after the Effective Date, the Borrower hereby agrees that the Borrower will not make, and will cause each of its Restricted Subsidiaries not to make, any Acquisitions, including Permitted Acquisitions, using any cash proceeds of the Revolving Loans; provided, however, that the Borrower and its Restricted Subsidiaries shall be allowed to use cash proceeds of the Revolving Loans to make Permitted Acquisitions in accordance with the Credit Agreement after December 31, 2010; provided, however, that in no event shall cash proceeds of any Disposition or Recovery Event that have been used to repay the Revolving Loans (without a corresponding permanent reduction in the Revolving Commitment) be considered cash proceeds of the Revolving Loans if such cash proceeds are reborrowed to acquire replacement or substitute assets in accordance with Section 2.11(d) of the Credit Agreement.
