Common use of Purpose of Credit Facility Clause in Contracts

Purpose of Credit Facility. Borrower has used proceeds of the Term Loans hereunder to pay Indebtedness, acquire, subject to Section 8.5, primarily office and industrial Properties, raw land, properties under construction, partnership interests, interests in other Persons, investments in mortgages and loans, and other acquisitions or investments permitted hereunder, and for construction costs and working capital purposes of the Companies. Borrower is not engaged principally, or as one of its important activities, in the business of extending credit for the purpose of purchasing or carrying any “margin stock” within the meaning of Regulation U of the Board of Governors of the Federal Reserve System, as amended. No part of the proceeds of any Borrowing shall be used, directly or indirectly, for a purpose that violates any Governmental Requirement, including the provisions of Regulation U.

Purpose of Credit Facility. Borrower has used shall use proceeds of the Term Loans Borrowings hereunder to pay Indebtedness, acquire, subject to Section 8.5, primarily office and industrial Properties, raw land, properties under construction, partnership interests, interests in other Persons, investments in mortgages and loans, and other acquisitions or investments permitted hereunder, and for construction costs and working capital purposes of the Companies. Borrower is not engaged principally, or as one of its important activities, in the business of extending credit for the purpose of purchasing or carrying any “"margin stock” " within the meaning of Regulation U of the Board of Governors of the Federal Reserve System, as amended. No part of the proceeds of any Borrowing shall be used, directly or indirectly, for a purpose that violates any Governmental Requirement, including the provisions of Regulation U.

Purpose of Credit Facility. Borrower has used shall use proceeds of the Term Loans Borrowings hereunder to pay Indebtedness, acquire, subject to Section SECTION 8.5, primarily office and industrial Properties, raw land, properties under construction, partnership interests, interests in other Persons, investments in mortgages and loans, and other acquisitions or investments permitted hereunder, and for construction costs and working capital purposes of the Companies. Borrower is not engaged principally, or as one of its important activities, in the business of extending credit for the purpose of purchasing or carrying any “"margin stock” " within the meaning of Regulation U of the Board of Governors of the Federal Reserve System, as amended. No part of the proceeds of any Borrowing shall be used, directly or indirectly, for a purpose that violates any Governmental Requirement, including the provisions of Regulation U.

Purpose of Credit Facility. Borrower has used shall use proceeds of the Term Loans Borrowings hereunder to pay Indebtedness, acquire, subject to Section 8.5SECTION 8.6, primarily office and industrial Properties, raw land, properties under construction, partnership interests, interests in other Persons, investments in mortgages and loans, and other acquisitions or investments permitted hereunder, and for construction costs and working capital purposes of the CompaniesBorrower and its Consolidated Affiliates. Borrower is not engaged principally, or as one of its important activities, in the business of extending credit for the purpose of purchasing or carrying any “"margin stock” " within the meaning of Regulation U of the Board of Governors of the Federal Reserve System, as amended. No part of the proceeds of any Borrowing shall be used, directly or indirectly, for a purpose that violates any Governmental Requirement, including the provisions of Regulation U.

Purpose of Credit Facility. Borrower has used shall use proceeds of the Term Loans hereunder to pay Indebtedness, acquire, subject to Section 8.5, primarily office and industrial Properties, raw land, properties under construction, partnership interests, interests in other Persons, investments in mortgages and loans, and other acquisitions or investments permitted hereunder, and for construction costs and working capital purposes of the Companies. Borrower is not engaged principally, or as one of its important activities, in the business of extending credit for the purpose of purchasing or carrying any “margin stock” within the meaning of Regulation U of the Board of Governors of the Federal Reserve System, as amended. No part of the proceeds of any Borrowing shall be used, directly or indirectly, for a purpose that violates any Governmental Requirement, including the provisions of Regulation U.

Purpose of Credit Facility. Borrower has used shall use proceeds of the Term Loans Borrowings hereunder to pay Indebtedness, acquire, subject to Section 8.5, primarily office and industrial Properties, raw land, properties under construction, partnership interests, interests in other Persons, investments in mortgages and loans, and other acquisitions or investments permitted hereunder, and for construction costs and working capital purposes of the Companies. Borrower is not engaged principally, or as one of its important activities, in the business of extending credit for the purpose of purchasing or carrying any “margin stock” within the meaning of Regulation U of the Board of Governors of the Federal Reserve System, as amended. No part of the proceeds of any Borrowing shall be used, directly or indirectly, for a purpose that violates any Governmental Requirement, including the provisions of Regulation U.

Purpose of Credit Facility. Borrower has used Borrowers shall use proceeds of the Term Loans Borrowings made and any LCs issued hereunder to pay Indebtedness, acquire, subject to Section 8.5, primarily office and industrial acquire Qualified Properties, raw land, properties under for construction, partnership interestsdevelopment, interests in other Persons, investments in mortgages and loansrenovation, and other acquisitions or investments permitted hereunderrehabilitation costs relating to Qualified Properties, and for construction costs and general corporate purposes (including working capital purposes purposes) of the Companies; provided that the Commitment Usage in respect of construction and development of Qualified Properties shall not exceed $30,000,000 at any one time outstanding. No Borrower is not engaged principally, or as one of its important activities, in the business of extending credit for the purpose of purchasing or carrying any “margin stock” within the meaning of Regulation U of the Board of Governors of the Federal Reserve System, as amended. No part of the proceeds of any Borrowing or any LC shall be used, directly or indirectly, for a purpose that violates any Governmental Requirement, including the provisions of Regulation U.