Common use of Use of Proceeds; Federal Reserve Regulations Clause in Contracts

Use of Proceeds; Federal Reserve Regulations. The proceeds of the Line of Credit Notes will be used solely for the purposes specified in Section 2.01(c) and none of such proceeds will be used, directly or indirectly, for the purpose of purchasing or carrying any "margin security" or "margin stock" or for the purpose of reducing or retiring any indebtedness that originally was incurred to purchase or carry a "margin security" or "margin stock" or for any other purpose that might constitute this transaction a "purpose credit" within the meaning of the regulations of the Board of Governors of the Federal Reserve System.

Appears in 3 contracts

Samples: Line of Credit Agreement (Hughes Supply Inc), Credit Agreement (Hughes Supply Inc), Credit Agreement (Hughes Supply Inc)

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Use of Proceeds; Federal Reserve Regulations. The proceeds of the Line of Credit Notes will be used solely for the purposes specified in Section 2.01(c) and 3.01(c) and none of such proceeds will be used, directly or indirectly, for the purpose of purchasing or carrying any "margin security" or "margin stock" or for the purpose of reducing or retiring any indebtedness that originally was incurred to purchase or carry a "margin security" or "margin stock" or for any other purpose that might constitute this transaction a "purpose credit" within the meaning of the regulations of the Board of Governors of the Federal Reserve System.

Appears in 2 contracts

Samples: Credit Agreement (Hughes Supply Inc), Credit Agreement (Hughes Supply Inc)

Use of Proceeds; Federal Reserve Regulations. The proceeds of the Line of Credit Revolving Notes will be used solely for the purposes specified in Section 2.01(c2.01 (c) and none of such proceeds will be used, directly or indirectly, for the purpose of purchasing or carrying any "margin security" or "margin stock" or for the purpose of reducing or retiring any indebtedness that originally was incurred to purchase or carry a "margin security" or "margin stock" or for any other purpose that might constitute this transaction a "purpose credit" within the meaning of the regulations of the Board of Governors of the Federal Reserve System.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Hughes Supply Inc), Revolving Credit Agreement (Hughes Supply Inc)

Use of Proceeds; Federal Reserve Regulations. The proceeds of the Line of Credit Notes Note will be used solely for the purposes specified in Section 2.01(c3.1(c) and none of such proceeds will be used, directly or indirectly, for the purpose of purchasing or carrying any "margin security" or "margin stock" or for the purpose of reducing or retiring any indebtedness that originally was incurred to purchase or carry a "margin security" or "margin stock" or for any other purpose that might constitute this transaction a "purpose credit" within the meaning of the regulations of the Board of Governors of the Federal Reserve System.

Appears in 2 contracts

Samples: Term Loan Agreement, Term Loan Agreement (Brown & Brown Inc)

Use of Proceeds; Federal Reserve Regulations. The proceeds of the Line of Credit Notes will be used solely for the purposes specified in Section 2.01(c2.1(c) and 3.1(c) and none of such proceeds will be used, directly or indirectly, for the purpose of purchasing or carrying any "margin security" or "margin stock" or for the purpose of reducing or retiring any indebtedness that originally was incurred to purchase or carry a "margin security" or "margin stock" or for any other purpose that might constitute this transaction a "purpose credit" within the meaning of the regulations of the Board of Governors of the Federal Reserve System.

Appears in 2 contracts

Samples: Credit Agreement (Office Depot Inc), Credit and Term Loan Agreement (Solar Mates Inc)

Use of Proceeds; Federal Reserve Regulations. The proceeds of the Line of Credit Notes will be used solely for the purposes specified in Section 2.01(c2.1(c) and none of such proceeds will be used, directly or indirectly, for the purpose of purchasing or carrying any "margin security" or "margin stock" or for the purpose of reducing or retiring any indebtedness that originally was incurred to purchase or carry a "margin security" or "margin stock" or for any other purpose that might constitute this transaction a "purpose credit" within the meaning of the regulations of the Board of Governors of the Federal Reserve System.

Appears in 2 contracts

Samples: Revolving and Term Loan Agreement, Revolving and Term Loan Agreement (Brown & Brown Inc)

Use of Proceeds; Federal Reserve Regulations. The proceeds of the Line of Credit Notes will be used solely for the purposes specified in Section 2.01(c2.1(g) and Section 3.1(b) and none of such proceeds will be used, directly or indirectly, for the purpose of purchasing or carrying any "margin security" or "margin stock" or for the purpose of reducing or retiring any indebtedness that originally was incurred to purchase or carry a "margin security" or "margin stock" or for any other purpose that might constitute this transaction a "purpose credit" within the meaning of the regulations of the Board of Governors of the Federal Reserve System.

Appears in 2 contracts

Samples: Credit and Term Loan Agreement (Planet Hollywood International Inc), Contribution Agreement (Planet Hollywood International Inc)

Use of Proceeds; Federal Reserve Regulations. The proceeds of the Line of Term Credit Notes Note will be used solely for the purposes specified in Section 2.01(c) and none of such proceeds will be used, directly or indirectly, for the purpose of purchasing or carrying any "margin security" or "margin stock" or for the purpose of reducing or retiring any indebtedness that originally was incurred to purchase or carry a "margin security" or "margin stock" or for any other purpose that might constitute this transaction a "purpose credit" within the meaning of the regulations of the Board of Governors of the Federal Reserve System.

Appears in 1 contract

Samples: Subsidiary Guaranty Agreement (Hughes Supply Inc)

Use of Proceeds; Federal Reserve Regulations. The proceeds of the Line of Credit Notes Note will be used solely for the purposes specified in Section 2.01(c2.1(c) and none of such proceeds will be used, directly or indirectly, for the purpose of purchasing or carrying any "margin security" or "margin stock" or for the purpose of reducing or retiring any indebtedness that originally was incurred to purchase or carry a "margin security" or "margin stock" or for any other purpose that might constitute this transaction a "purpose credit" within the meaning of the regulations of the Board of Governors of the Federal Reserve System.

Appears in 1 contract

Samples: Revolving Loan Agreement (Brown & Brown Inc)

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Use of Proceeds; Federal Reserve Regulations. The proceeds of the Line of Credit Notes will be used solely for the purposes specified in Section 2.01(c) ), and none of such proceeds will be used, directly or indirectly, for the purpose of purchasing or carrying any "margin security" or "margin stock" or for the purpose of reducing or retiring any indebtedness that originally was incurred to purchase or carry a "margin security" or "margin stock" or for any other purpose that might constitute this transaction a "purpose credit" within the meaning of the regulations of the Board of Governors of the Federal Reserve System.

Appears in 1 contract

Samples: Revolving Credit Agreement (Oneita Industries Inc)

Use of Proceeds; Federal Reserve Regulations. The -------------------------------------------- proceeds of the Line of Credit Notes will be used solely for the purposes specified in Section 2.01(c) and none of such proceeds will be used, directly or indirectly, for the purpose of purchasing or carrying any "margin security" or "margin stock" or for the purpose of reducing or retiring any indebtedness that originally was incurred to purchase or carry a "margin security" or "margin stock" or for any other purpose that might constitute this transaction a "purpose credit" within the meaning of the regulations of the Board of Governors of the Federal Reserve System.

Appears in 1 contract

Samples: Credit Agreement (Hughes Supply Inc)

Use of Proceeds; Federal Reserve Regulations. The proceeds of the Line of Credit Revolving Notes will be used solely for the purposes specified in Section 2.01(c) and none of such proceeds will be used, directly or indirectly, for the purpose of purchasing or carrying any "margin security" or "margin stock" or for the purpose of reducing or retiring any indebtedness that originally was incurred to purchase or carry a "margin security" or "margin stock" or for any other purpose that might constitute this transaction a "purpose credit" within the meaning of the regulations of the Board of Governors of the Federal Reserve System.

Appears in 1 contract

Samples: Revolving Credit Agreement (Hughes Supply Inc)

Use of Proceeds; Federal Reserve Regulations. The proceeds of the Line of Credit Notes will be used solely for the purposes specified in Section 2.01(c) 6.15 and none of such proceeds will be used, directly or indirectly, for the purpose of purchasing or carrying any "margin security" or "margin stock" or for -for the purpose of reducing or retiring any indebtedness that originally was incurred to purchase or carry a "margin security" or "margin stock" or for any other purpose that might constitute this transaction a "purpose credit" within the meaning of the regulations of the Board of Governors of the Federal Reserve System.

Appears in 1 contract

Samples: Note Purchase Agreement (Consolidated Stainless Inc)

Use of Proceeds; Federal Reserve Regulations. The proceeds of the Line of Credit Notes Note will be used solely for the purposes specified in Section 2.01(c2.1(c) and none of such proceeds will be used, directly or indirectly, for the purpose of purchasing or carrying any "margin security" or "margin stock" or for the purpose of reducing or retiring any indebtedness that originally was incurred to purchase or carry a "margin security" or "margin stock" or for any other purpose that might constitute this transaction a "purpose credit" within the meaning of the regulations of the Board of Governors of the Federal Reserve System.

Appears in 1 contract

Samples: Revolving Loan Agreement (Brown & Brown Inc)

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