Common use of Use of Proceeds; Regulation U Clause in Contracts

Use of Proceeds; Regulation U. The proceeds of each Borrowing, and the credit provided by Letters of Credit, will be used by the Borrower solely (i) to fund the Borrower’s and its Subsidiaries’ working capital needs, and (ii) for general corporate purposes of the Borrower and its Subsidiaries. The Borrower will not use any part of the proceeds of any of the Borrowings or of the Letters of Credit directly or indirectly to purchase or carry any margin stock (as defined in Section 5.10 hereof) or to extend credit to others for the purpose of purchasing or carrying any such margin stock.

Appears in 5 contracts

Samples: Credit Agreement (Black Hills Corp /Sd/), Credit Agreement (Black Hills Corp /Sd/), Credit Agreement (Black Hills Corp /Sd/)

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Use of Proceeds; Regulation U. The proceeds of each Borrowing, and the credit provided by Letters of Credit, will be used by the Borrower solely (i) to provide liquidity support for Borrower's commercial paper program, (ii) to fund the Borrower’s and its Subsidiaries’ 's working capital needs, and (iiiii) for general corporate purposes of the Borrower and its SubsidiariesBorrower. The Borrower will not use any part of the proceeds of any of the Borrowings or of the Letters of Credit directly or indirectly to purchase or carry any margin stock (as defined in Section 5.10 hereof) or to extend credit to others for the purpose of purchasing or carrying any such margin stock.

Appears in 3 contracts

Samples: Day Credit Agreement (Black Hills Corp /Sd/), Day Credit Agreement (Black Hills Corp /Sd/), Credit Agreement (Black Hills Corp /Sd/)

Use of Proceeds; Regulation U. The proceeds of each Borrowing, and the credit provided by Letters of Credit, will be used by the Borrower solely (i) to fund the Borrower’s and its Subsidiaries’ working capital needs, and (ii) for general corporate purposes of the Borrower and its SubsidiariesBorrower. The Borrower will not use any part of the proceeds of any of the Borrowings or of the Letters of Credit directly or indirectly to purchase or carry any margin stock (as defined in Section 5.10 hereof) or to extend credit to others for the purpose of purchasing or carrying any such margin stock.

Appears in 3 contracts

Samples: Credit Agreement (Black Hills Corp /Sd/), Credit Agreement (Black Hills Corp /Sd/), Credit Agreement (Black Hills Corp /Sd/)

Use of Proceeds; Regulation U. The proceeds of each Borrowing, and the credit provided by Letters of Credit, will be used by the Borrower solely (i) to fund the Borrower’s and its Subsidiaries’ working capital needs, and (ii) for general corporate purposes of the Borrower and its SubsidiariesBorrower. The Borrower will not use any part of the proceeds of any of the Borrowings or of the Letters of Credit directly or indirectly to purchase or carry any margin stock (as defined in Section 5.10 hereof) or to extend credit to others for the purpose of purchasing or carrying any such margin stock.

Appears in 2 contracts

Samples: Credit Agreement (Black Hills Corp /Sd/), Credit Agreement (Black Hills Corp /Sd/)

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Use of Proceeds; Regulation U. The proceeds of each Borrowing, and the credit provided by Letters of Credit, will be used by the Borrower solely (i) to fund the provide liquidity support for Borrower’s and its Subsidiaries’ commercial paper program, (ii) to fund Borrower’s working capital needs, and (iiiii) for general corporate purposes of the Borrower and its SubsidiariesBorrower. The Borrower will not use any part of the proceeds of any of the Borrowings or of the Letters of Credit directly or indirectly to purchase or carry any margin stock (as defined in Section 5.10 hereof) or to extend credit to others for the purpose of purchasing or carrying any such margin stock.

Appears in 1 contract

Samples: Assignment and Assumption (Black Hills Corp /Sd/)

Use of Proceeds; Regulation U. The proceeds of each Borrowing, and the credit provided by Letters of Credit, will be used by the Borrower solely for (i) to fund the Borrower’s and its Subsidiaries’ working capital needspurposes, (ii) capital expenditures including revenue equipment financing, and (iiiii) for general corporate purposes of the Borrower and its Subsidiariespurposes, including non-hostile acquisitions. The Borrower will not use any part of the proceeds of any of the Borrowings or of the Letters of Credit directly or indirectly to purchase or carry any margin stock (as defined in Section 5.10 hereof) or to extend credit to others for the purpose of purchasing or carrying any such margin stock.

Appears in 1 contract

Samples: Credit Agreement (Transport Corporation of America Inc)

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