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 will be used only for the purposes set forth in the preamble of this Agreement. No part of the proceeds of any Loan 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. Letters of Credit will be issued only for general corporate purposes.

Appears in 9 contracts

Samples: Assignment and Assumption (Amerisourcebergen Corp), Credit Agreement (Amerisourcebergen Corp), Credit Agreement (Amerisourcebergen Corp)

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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 referred to in the preamble of to this Agreement. No part of the proceeds of any Loan 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. Letters of Credit will be issued only for general corporate purposes.X.

Appears in 6 contracts

Samples: First Lien Credit Agreement (Goodyear Tire & Rubber Co /Oh/), Assignment and Assumption (Goodyear Tire & Rubber Co /Oh/), Assignment and Assumption (Goodyear Tire & Rubber Co /Oh/)

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 the preamble of to this Agreement. No part of the proceeds of any Loan 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. Letters of Credit will be issued only for general corporate purposes.X.

Appears in 5 contracts

Samples: Agreement (Sunoco Inc), Amendment and Restatement Agreement (Sunoco Inc), Agreement (Sunoco Inc)

Use of Proceeds and Letters of Credit. The Borrower will cause the proceeds of the Loans will and the Letters of Credit to be used only for the purposes set forth referred to in the preamble of to this Agreement. No part of the proceeds of any Loan 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. Letters of Credit will be issued only for general corporate purposes.X.

Appears in 4 contracts

Samples: Credit Agreement (A. H. Belo CORP), Credit Facility Agreement (Belo Corp), Credit Facility Agreement (Belo Corp)

Use of Proceeds and Letters of Credit. The proceeds of the Loans and issuances of Letters of Credit will be used only for the purposes set forth in the preamble of this Agreement. No part of the proceeds of any Loan 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. Letters of Credit will be issued only for general corporate purposes.X.

Appears in 3 contracts

Samples: Credit Agreement (Alamosa Properties Lp), Credit Agreement (Alamosa Holdings Inc), Credit Agreement (Alamosa Properties Lp)

Use of Proceeds and Letters of Credit. The proceeds of the Loans Borrowings hereunder will be used only for the purposes set forth in the preamble of to this Agreement. No part of the proceeds of any Loan 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. Letters of Credit will be issued only for general corporate purposes.X.

Appears in 2 contracts

Samples: Credit Agreement (Benchmark Electronics Inc), Credit Agreement (Benchmark Electronics Inc)

Use of Proceeds and Letters of Credit. The proceeds of the Loans will be used only for the purposes set forth referred to in the preamble of to this Agreement. No part of the proceeds of any Loan 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. Letters of Credit will be issued only for general corporate purposesto support obligations incurred by the Borrower and the Subsidiaries in the ordinary course of business.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Service Corporation International), Credit Agreement (Service Corporation International)

Use of Proceeds and Letters of Credit. The proceeds of the Loans and each Letter of Credit will be used only for the purposes set forth in the preamble of this Agreement. No part of the proceeds of any Loan 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. Letters of Credit will be issued only for general corporate purposes.X.

Appears in 2 contracts

Samples: Credit Agreement (Donjoy LLC), Credit Agreement (Lpa Services Inc)

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Use of Proceeds and Letters of Credit. (a) The proceeds of the Loans will be used only for the purposes set forth in the preamble of this Agreement. No part of the proceeds of any Loan 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. Letters of Credit will be issued only for general corporate purposes.

Appears in 2 contracts

Samples: Credit Agreement (Amerisourcebergen Corp), Credit Agreement (Amerisourcebergen Corp)

Use of Proceeds and Letters of Credit. The Borrower will use the proceeds of the Loans will be used and the Letters of Credit only for the purposes set forth in the preamble of to this Agreement. No part of the proceeds of any Loan 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. Letters of Credit will be issued only for general corporate purposes.X.

Appears in 2 contracts

Samples: Credit Agreement (Investools Inc), Credit Agreement (Pegasus Solutions Inc)

Use of Proceeds and Letters of Credit. The Borrowers will use the proceeds of the Loans will be used and the Letters of Credit only for the purposes set forth in the preamble of to this Agreement. No part of the proceeds of any Loan 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. Letters of Credit will be issued only for general corporate purposes.X.

Appears in 1 contract

Samples: Credit Agreement (CHG Healthcare Services, Inc.)

Use of Proceeds and Letters of Credit. The Use the proceeds of the Loans will be used only for the purposes set forth in the preamble of this Agreement. No , and not use any part of the proceeds of any Loan 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. Use Letters of Credit will be issued only for general corporate purposes.

Appears in 1 contract

Samples: Credit Agreement (Thomson Corp /Can/)

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 the preamble of to this Agreement. No part of the proceeds of any Loan 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. Letters of Credit will be issued only for general corporate purposes.X.

Appears in 1 contract

Samples: Credit Agreement (Sunoco Inc)

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