Common use of Use of Credit Clause in Contracts

Use of Credit. The Company is not engaged principally, or as one of its important activities, in the business of extending credit for the purpose, whether immediate, incidental or ultimate, of buying or carrying Margin Stock, and no part of the proceeds of any extension of credit hereunder will be used to buy or carry any Margin Stock.

Appears in 6 contracts

Samples: Credit Agreement (Empire Resources Inc /New/), Credit Agreement (Empire Resources Inc /New/), Credit Agreement (Empire Resources Inc /New/)

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Use of Credit. The Company It is not engaged principally, or as one of its important activities, in the business of extending credit for the purpose, whether immediate, incidental or ultimate, of buying or carrying Margin Stock, and no part of the proceeds of any extension of credit hereunder will be used to buy or carry any Margin Stock.

Appears in 3 contracts

Samples: Credit Agreement (Jones Lang LaSalle Income Property Trust, Inc.), Credit Agreement (Jones Lang LaSalle Income Property Trust, Inc.), Credit Agreement (Jones Lang LaSalle Income Property Trust, Inc.)

Use of Credit. The No Company is not engaged principally, or as one of its important activities, in the business of extending credit for the purpose, whether immediate, incidental or ultimate, of buying or carrying Margin Stock, and no part of the proceeds of any extension of credit hereunder will be used to buy or carry any Margin Stock or to extend credit to others for the purpose of purchasing or carrying any Margin Stock. The proceeds of the Loans have been used and will be used, whether directly or indirectly, in accordance with Section 6.14.

Appears in 2 contracts

Samples: Credit Agreement (Kellogg Co), Credit Agreement (WK Kellogg Co)

Use of Credit. The Company is not engaged principally, or as one of its important activities, in the business of extending credit for the purpose, purpose (whether immediate, incidental or ultimate, ) of buying or carrying Margin Stockmargin stock (within the meaning of Regulation U and Regulation X promulgated by the Board of Governors of the Federal Reserve), and no part of the proceeds of any extension of credit hereunder will be used to buy or carry any Margin Stocksuch margin stock.

Appears in 1 contract

Samples: Credit Agreement (Smart & Final Inc/De)

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Use of Credit. The Company is not engaged principally, or as one of its important activities, in the business of extending credit for the purpose, whether immediate, incidental or ultimate, purpose of buying or carrying Margin Stock, and no part of the proceeds of any extension Extension of credit Credit hereunder will be used to buy or carry any Margin Stock or to extend credit to others for the purpose of buying or carrying any Margin Stock.

Appears in 1 contract

Samples: Credit Agreement (Aquila Inc)

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