Common use of Use of Proceeds and Letters of Credit Clause in Contracts

Use of Proceeds and Letters of Credit. The proceeds of the Loans, and the Letters of Credit, will be used only for the purposes set forth in Section 3.12. No part of the proceeds of any Loan or of any drawing under any Letter of Credit will be used, whether directly or indirectly, for any purpose that entails a violation of any of the Regulations of the Board, including Regulations U and X.

Appears in 5 contracts

Samples: Credit Agreement (Volt Information Sciences Inc), Credit Agreement (Volt Information Sciences Inc), Credit Agreement (Volt Information Sciences Inc)

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Use of Proceeds and Letters of Credit. The proceeds of the Loans, Loans and the Letters of Credit, Credit will be used only for the purposes set forth described in Section 3.125.14. No part of the proceeds of any Loan or of any drawing under any Letter of Credit will be used, whether directly or indirectly, for any purpose that entails a violation of any of the Regulations regulations of the Board, including Regulations U and X.

Appears in 3 contracts

Samples: Credit Agreement (Health Net Inc), Credit Agreement (Health Net Inc), Credit Agreement (Health Net Inc)

Use of Proceeds and Letters of Credit. The proceeds of the Loans, and the Letters of Credit, Loans will be used only for the purposes set forth in Section 3.12described herein. No part of the proceeds of any Loan or of any drawing under any and no Letter of Credit will be used, whether directly or indirectly, (i) for any purpose that entails a violation of any of the Regulations of the Board, including Regulations T, U and X.X or (ii) to make any Acquisition other than Permitted Acquisitions.

Appears in 3 contracts

Samples: Credit Facility Agreement (Transcat Inc), Credit Facility Agreement (Transcat Inc), Credit Facility Agreement (Transcat Inc)

Use of Proceeds and Letters of Credit. The proceeds of the Loans, and the Letters of Credit, Loans will be used only for the purposes set forth in Section 3.123.22. No part of the proceeds of any Loan or of any drawing under any and no Letter of Credit will be used, whether directly or indirectly, for any purpose that entails a violation of any of the Regulations of the Board, including Regulations T, U and X.X. Letters of Credit will be issued only to support the Loan Parties.

Appears in 2 contracts

Samples: Credit Agreement (Fisher Communications Inc), Credit Agreement (Fisher Communications Inc)

Use of Proceeds and Letters of Credit. The Use the proceeds of the Loans, and the Letters of Credit, will be used Loans only for the purposes set forth specified in Section 3.12. No part of 3.10; and not use the proceeds of any Loan or of any drawing under any Letter of Credit will be usedLoan, whether directly or indirectly, for any purpose that entails a violation of any of the Regulations of the Board, including Regulations T, U and X.

Appears in 1 contract

Samples: Credit Agreement (Patrick Industries Inc)

Use of Proceeds and Letters of Credit. The proceeds of the Loans, Loans and the Letters Letter of Credit, will Credit shall only be used only for the purposes set forth as provided in Section 3.123.18. No part of the proceeds of any Loan or of any drawing under any Letter of Credit will be used, whether directly or indirectly, for any purpose that entails a violation of any of the Regulations of the Board, including Regulations T, U and X.

Appears in 1 contract

Samples: Credit Agreement (Purina Mills Inc/)

Use of Proceeds and Letters of Credit. The proceeds of the Loans, Loans and the Letters of Credit, Credit will be used only for the purposes set forth described in Section 3.123.14. No part of the proceeds of any Loan or of any drawing under any Letter of Credit will be used, whether directly or indirectly, for any purpose that entails a violation of any of the Regulations regulations of the Board, including Regulations U and X.

Appears in 1 contract

Samples: Credit Agreement (Health Net Inc)

Use of Proceeds and Letters of Credit. The proceeds of the Loans, Loans and the Letters of Credit, Credit will be used only for the purposes set forth described in Section 3.12. No part of the proceeds of any Loan or of any drawing under any Letter of Credit will be used, whether directly or indirectly, for any purpose or in any manner that entails a violation of any of the Regulations of the Board, including Regulations T, U and X.

Appears in 1 contract

Samples: Revolving Credit Agreement (PERRIGO Co LTD)

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Use of Proceeds and Letters of Credit. (a) The proceeds of the Loans, Loans and the Letters of Credit, Credit will be used only for the purposes set forth in Section 3.12. No part of the proceeds of any Loan or of any drawing under nor any Letter of Credit will be used, whether directly or indirectly, for any purpose or in any manner that entails a violation of any of the Regulations of the Board, including Regulations T, U and X.

Appears in 1 contract

Samples: Credit Agreement (Universal Forest Products Inc)

Use of Proceeds and Letters of Credit. The proceeds of the Loans, Loans and the Letters of Credit, Credit will be used only for the purposes set forth in Section 3.12. No part of the proceeds of any Loan or of any drawing under nor any Letter of Credit will be used, whether directly or indirectly, for any purpose or in any manner that entails a violation of any of the Regulations of the Board, including Regulations T, U and X.

Appears in 1 contract

Samples: Credit Agreement (Universal Forest Products Inc)

Use of Proceeds and Letters of Credit. The proceeds of the Loans, and the Letters of Credit, -------------------------------------- Loans will be used only for the purposes set forth represented in Section 3.123.11. No part of the proceeds of any Loan or of any drawing under any Letter of Credit will be used, whether directly or indirectly, for any purpose that entails a violation of any of the Regulations of the Board, including Regulations G, T, U and X.X. Letters of Credit will be issued only in the ordinary course of Business of the Borrower and its Subsidiaries.

Appears in 1 contract

Samples: Credit Agreement (Franklin Electronic Publishers Inc)

Use of Proceeds and Letters of Credit. The proceeds of the Loans, and the Letters of Credit, will Loans shall be used only for the purposes as set forth in Section 3.123.14. No part of the proceeds of any Loan or of any drawing under any Letter of Credit will be used, whether directly or indirectly, for any purpose that entails a violation of any of the Regulations of the Board, including Regulations T, U and X.X. Letters of Credit will be issued only to support the general corporate purposes of the Borrower and the Subsidiaries.

Appears in 1 contract

Samples: Credit Agreement (Service Corporation International)

Use of Proceeds and Letters of Credit. The proceeds of the Loans, Loans and the Letters of Credit, Credit will be used only for the purposes set forth described in Section 3.123.14. No part of the proceeds of any Loan or of any drawing under any Letter of Credit will be used, whether directly or indirectly, for any purpose that entails a violation of any Regulation U or Regulation X of the Regulations of the Board, including Regulations U and X.. ARTICLE VI

Appears in 1 contract

Samples: Credit Agreement (Wellpoint Health Networks Inc /De/)

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