Common use of Proceeds of Notes Clause in Contracts

Proceeds of Notes. The Company will not permit the proceeds of the Notes to be used for any purpose other than those permitted by Section 7.07. Neither the Company nor any Person acting on behalf of the Company has taken or will take any action which might cause any of the Subordinated Note and Warrant Documents or the Restructuring Documents to violate Regulation T, U or X or any other regulation of the Board of Governors of the Federal Reserve System or to violate Section 7 of the Securities Exchange Act of 1934 or any rule or regulation thereunder, in each case as now in effect or as the same may hereinafter be in effect.

Appears in 3 contracts

Samples: Senior Subordinated Note and Warrant Purchase Agreement (Castle Dental Centers Inc), Warrant Purchase Agreement (Midwest Mezzanine Fund Ii Lp), Warrant Purchase Agreement (Heller Financial Inc)

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Proceeds of Notes. The Company will not permit the proceeds of the Notes to be used for any purpose other than those permitted by Section 7.07. Neither the Company nor any Person acting on behalf of the Company has taken or will take any action which might cause any of the Subordinated Note and Warrant Documents or the Restructuring Loan Documents to violate Regulation TG, U or X or any other regulation of the Board of Governors of the Federal Reserve System or to violate Section 7 of the Securities Exchange Act of 1934 1934, as amended, or any rule or regulation thereunder, in each case as now in effect or as the same may hereinafter hereafter be in effect.

Appears in 2 contracts

Samples: Credit Agreement (Eex Corp), Credit Agreement (Enserch Exploration Inc)

Proceeds of Notes. The Company will not permit the proceeds of the Notes to be used for any purpose other than those permitted by Section 7.07. Neither the Company nor any Person acting on behalf of the Company has taken or will take any action which might cause any of the Subordinated Note and Warrant Documents or the Restructuring Loan Documents to violate Regulation TG, U or X or any other regulation of the Board of Governors of the Federal Reserve System or to violate Section 7 of the Securities Exchange Act of 1934 1934, as amended, or any rule or regulation thereunder, in each case as now in effect or as the same may hereinafter hereafter be in effect.. Section 9.08

Appears in 1 contract

Samples: Credit Agreement (Enserch Exploration Inc /Tx/)

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Proceeds of Notes. The Company will not permit the proceeds of the Notes to be used for any purpose other than those permitted by Section 7.07. Neither the Company nor any Person acting on behalf of the Company has taken or will take any action which might cause any of the Subordinated Note and Warrant Documents or the Restructuring Documents to violate Regulation T, U or X or any other regulation of the Board of Governors of the Federal Reserve System or to violate Section 7 of the Securities Exchange Act of 1934 or any rule or regulation thereunder, in each case as now in effect or as the same may hereinafter be in effect.

Appears in 1 contract

Samples: Subordinated Note Purchase Agreement (Castle Dental Centers Inc)

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