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

Use of Proceeds; Federal Reserve Regulations. The proceeds of the Note will be used solely for the purposes specified in Sections 2.1(c) and 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 1 contract

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

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Use of Proceeds; Federal Reserve Regulations. The proceeds of the Note Notes will be used solely for the purposes specified in Sections 2.1(c) and 3.1(bSECTION 2.1(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: Day Revolving Credit Agreement (Office Depot Inc)

Use of Proceeds; Federal Reserve Regulations. The proceeds of the Note Notes will be used solely for the purposes specified in Sections 2.1(c2.1(e) and 3.1(b2.4(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 (Discount Auto Parts Inc)

Use of Proceeds; Federal Reserve Regulations. The proceeds of the Note Notes will be used solely for the purposes specified in Sections 2.1(c) and 3.1(bSection 2.1 (e) and none of such proceeds will be used, directly or indirectly, for the purpose of purchasing or carrying any "margin security" or "margin stockMargin Stock" or for the purpose of reducing or retiring any indebtedness that originally was incurred to purchase or carry a "margin security" or "margin stockMargin 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: Security Agreement (Able Telcom Holding Corp)

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Use of Proceeds; Federal Reserve Regulations. The -------------------------------------------- proceeds of the Note Notes will be used solely for the purposes specified in Sections 2.1(cSection 2.1(e) and 3.1(b3.1(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: Credit Agreement (Rotech Medical Corp)

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