Common use of Use of Loans Clause in Contracts

Use of Loans. The proceeds of the Loans shall be used to pay-off certain outstanding Debt and for working capital, capital expenditures, acquisitions and general partnership purposes. The Borrower 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 (within the meaning of Regulation T, U or X of the Board of Governors of the Federal Reserve System) and no part of the proceeds of any Loan hereunder will be used to buy or carry any margin stock.

Use of Loans. The proceeds of the Loans and Letters of Credit shall be used to pay-off certain outstanding Debt and for working capital, capital expenditures, acquisitions and general partnership purposes. The Borrower 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 (within the meaning of Regulation T, U or X of the Board of Governors of the Federal Reserve System) and no part of the proceeds of any Loan hereunder will be used to buy or carry any margin stock.

Use of Loans. The proceeds of the Loans shall be used to pay-off certain outstanding Debt and Letters of Credit shall be issued for working capital, capital expenditures, acquisitions and general partnership corporate purposes. The Borrower 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 (within the meaning of Regulation TG, U or X of the Board of Governors of the Federal Reserve System) and no part of the proceeds of any Loan hereunder will be used to buy or carry any margin stock.

Use of Loans. The proceeds of the Loans shall be used to pay-off certain outstanding Debt and for working capital, capital expenditures, acquisitions and other general partnership corporate purposes. The Borrower 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 (within the meaning of Regulation T, U or X of the Board of Governors of the Federal Reserve System) and no part of the proceeds of any Loan hereunder will be used to buy or carry any margin stock.

Use of Loans. The proceeds of the Loans shall be used to pay-off certain outstanding Debt provide working capital for exploration and production operations, and to provide funding in connection with the Acquisition and for working capital, capital expenditures, acquisitions and general partnership corporate purposes. The Borrower 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 (within the meaning of Regulation T, U or X of the Board of Governors of the Federal Reserve System) and no part of the proceeds of any Loan hereunder will be used to buy or carry any margin stock.

Use of Loans. The proceeds of the Loans and Letters of Credit shall be used to pay-off certain outstanding Debt and for working capital, capital expenditures, acquisitions and other general partnership purposes. The Borrower 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 (within the meaning of Regulation T, U or X of the Board of Governors of the Federal Reserve System) and no part of the proceeds of any Loan hereunder will be used to buy or carry any margin stock.

Use of Loans. The proceeds of the Loans shall be used to pay-off certain outstanding Debt and for general working capital, capital expendituresexpenditures and other general corporate purposes, acquisitions and general partnership purposesincluding without limitation, to support insurance requirements. The Borrower 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 (within the meaning of Regulation T, U or X of the Board of Governors of the Federal Reserve System) and no part of the proceeds of any Loan hereunder will ), as they may be used amended or interpreted from time to buy or carry any margin stocktime.

Use of Loans. The proceeds of the Loans and Letters of Credit shall be used to pay-off certain outstanding Debt and for working capital, capital expenditures, acquisitions and general partnership purposes. The Borrower 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 (within the meaning of Regulation T, U or X of the Board of Governors of the Federal Reserve System) and no part of the proceeds of any Loan hereunder will be used to buy or carry any margin stock.

Use of Loans. The proceeds of the Loans shall be used to pay-off certain outstanding Debt develop the Borrower's proven reserves from its Oil and Gas Properties and for working capital, capital expenditures, acquisitions and general partnership corporate purposes. The Borrower 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 (within the meaning of Regulation TG, U or X of the Board of Governors of the Federal Reserve System) and no part of the proceeds of any Loan hereunder will be used to buy or carry any margin stock.

Use of Loans. The proceeds of the Loans shall be used to pay-off certain outstanding Debt and for general working capital, capital expendituresexpenditures and other general corporate purposes, acquisitions and general partnership purposesincluding without limitation, to support insurance requirements. The Borrower 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 (within the meaning of Regulation TG, U or X of the Board of Governors of the Federal Reserve System) and no part of the proceeds of any Loan hereunder will ), as they may be used amended or interpreted from time to buy or carry any margin stocktime.

Use of Loans. The proceeds of the Loans shall be used to pay-off certain outstanding Debt and for working capital, capital expenditures, acquisitions and other general partnership corporate purposes. The Neither Borrower 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 (within the meaning of Regulation T, U or X of the Board of Governors of the Federal Reserve System) and no part of the proceeds of any Loan hereunder will be used to buy or carry any margin stock.

Use of Loans. The proceeds of the Loans shall be used to pay-off certain outstanding repay in full the Prior Debt and for working capital, capital expenditures, acquisitions and general partnership corporate purposes. The Borrower 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 (within the meaning of Regulation T, U or X of the Board of Governors of the Federal Reserve System) and no part of the proceeds of any Loan hereunder will be used to buy or carry any margin stock.