Common use of Purchase of Bonds Prohibited Clause in Contracts

Purchase of Bonds Prohibited. So long as a Letter of Credit is in effect, the Borrower will not, and will not permit any Insider of the Borrower, to purchase, directly or indirectly, any Bonds with any funds that do not constitute Eligible Funds, except as required by Section 3.4.

Appears in 2 contracts

Samples: Loan Agreement (Trex Co Inc), Loan Agreement (M Wave Inc)

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Purchase of Bonds Prohibited. So long as a Letter of Credit or a Confirming Letter of Credit is in effect, the Borrower will shall not, and will not permit any Insider of the Borrower, to purchase, directly or indirectly, purchase any Bonds with any funds that do not constitute Eligible FundsAvailable Moneys, except as required by Section 3.48.01(b) of this Agreement.

Appears in 2 contracts

Samples: Bond and Loan Agreement, Bond and Loan Agreement

Purchase of Bonds Prohibited. So long as a Letter of Credit is in effect, the Borrower will Company shall not, and will not permit any Insider of the Borrower, to purchase, directly or indirectly, purchase any Bonds with any funds that do not constitute Eligible FundsAvailable Moneys, except as required by Section 3.44.2(e) of this Agreement.

Appears in 1 contract

Samples: Loan Agreement (CFC International Inc)

Purchase of Bonds Prohibited. So long as a Letter of Credit is in effect, the Borrower will Company shall not, and will not permit any Insider of the Borrower, to purchase, directly or indirectly, purchase any Bonds with any funds that do not constitute Eligible FundsAvailable Moneys, except as required by Section 3.44.2(b).

Appears in 1 contract

Samples: Loan Agreement (Griffith Micro Science International Inc)

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Purchase of Bonds Prohibited. So long as a Letter of Credit is in effect, the Borrower will Company shall not, and will not permit any Insider of the Borrower, to purchase, directly or indirectly, purchase any Bonds with any funds that do not constitute Eligible FundsAvailable Moneys, except as required by Section 3.44.2(b) of this Agreement.

Appears in 1 contract

Samples: Lease Agreement (Griffith Micro Science International Inc)

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