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

Use of Proceeds; Federal Reserve Regulations. (a) The proceeds of the Loans and the Letters of Credit will be used for general corporate purposes not inconsistent with the terms hereof, including liquidity support for the Borrower’s commercial paper program.

Appears in 4 contracts

Samples: Credit Agreement (Allete Inc), Credit Agreement (Allete Inc), Credit Agreement (Allete Inc)

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Use of Proceeds; Federal Reserve Regulations. (a) The proceeds of the Loans and the Letters of Credit will be used for general corporate purposes (including the refinancing of the Existing Term Loan Agreement) not inconsistent with the terms hereof, including liquidity support for the Borrower’s commercial paper programof this Agreement.

Appears in 2 contracts

Samples: Term Loan Agreement (Allete Inc), Term Loan Agreement (Allete Inc)

Use of Proceeds; Federal Reserve Regulations. (a) The proceeds of the Loans and the Letters of Credit will be used for general corporate purposes not inconsistent with the terms hereof, including liquidity support for the Borrower’s commercial paper programof this Agreement.

Appears in 1 contract

Samples: Term Loan Agreement (Allete Inc)

Use of Proceeds; Federal Reserve Regulations. (a) The proceeds of the Loans and the Letters of Credit will be used for general corporate purposes not inconsistent with the terms hereof, including liquidity support for the Borrower’s 's commercial paper program.

Appears in 1 contract

Samples: Credit Agreement (Allete Inc)

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Use of Proceeds; Federal Reserve Regulations. (a) a. The proceeds of the Loans and the Letters of Credit will be used for general corporate purposes not inconsistent with the terms hereof, including liquidity support for the Borrower’s commercial paper programof this Agreement.

Appears in 1 contract

Samples: Term Loan Agreement (Allete Inc)

Use of Proceeds; Federal Reserve Regulations. (a) The proceeds of the Loans and the Letters of Credit will be used for general corporate purposes not inconsistent with the terms hereof, including liquidity support for the Borrower’s commercial paper program.

Appears in 1 contract

Samples: Term Loan Agreement (Allete Inc)

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