Purpose of Loans. The proceeds of the Loans shall be used by the Borrower for general corporate and working capital purposes, including to refinance the Existing Credit Agreement. Letters of Credit shall be issued for general corporate purposes of the Borrower. No part of the proceeds of any Loans, and no other extensions of credit hereunder, will be used for “buying” or “carrying” any “margin stock” within the respective meanings of each of the quoted terms under Regulation U as now and from time to time hereafter in effect.
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Samples: Credit Agreement, Credit Agreement, Credit Agreement
Purpose of Loans. The proceeds of the Loans shall be used by the Borrower for general corporate and working capital purposes, including to refinance the Existing Credit Agreement. Letters of Credit shall be issued for general corporate purposes of the BorrowerBorrower and its Subsidiaries. No part of the proceeds of any Loans, and no other extensions of credit hereunder, will be used for “buying” or “carrying” any “margin stock” within the respective meanings of each of the quoted terms under Regulation U as now and from time to time hereafter in effect.
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Samples: Term Loan Credit Agreement (Edison International), Term Loan Credit Agreement (Edison International), Credit Agreement (SOUTHERN CALIFORNIA EDISON Co)
Purpose of Loans. The proceeds of the Loans shall be used by the Borrower for general corporate and working capital purposes, purposes (including to refinance the Existing Credit Agreementand repay its commercial paper issuances). Letters of Credit shall be issued for general corporate purposes of the Borrower. No part of the proceeds of any Loans, and no other extensions of credit hereunder, will be used for “"buying” " or “"carrying” " any “"margin stock” " within the respective meanings of each of the quoted terms under Regulation U as now and from time to time hereafter in effect.
Appears in 4 contracts
Samples: Credit Agreement (Edison International), Credit Agreement (Edison International), Credit Agreement (Edison International)
Purpose of Loans. The proceeds of the Loans shall be used by the Borrower for general corporate and working capital purposes, including to refinance the Existing Credit Agreement. Letters of Credit shall be issued for general corporate purposes of the Borrower. No part of the proceeds of any Loans, and no other extensions of credit hereunder, will be used for “buying” or “carrying” any “margin stock” within the respective meanings of each of the quoted terms under Regulation U as now and from time to time hereafter in effect.. 4.10.
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Purpose of Loans. The proceeds of the Loans shall be used by the Borrower for general corporate and working capital purposes, purposes (including to refinance the Existing Credit Agreementand repay its commercial paper issuances). Letters of Credit shall be issued for general corporate purposes of the Borrower. No part of the proceeds of any Loans, and no other extensions of credit hereunder, will be used for “buying” or “carrying” any “margin stock” within the respective meanings of each of the quoted terms under Regulation U as now and from time to time hereafter in effect.
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