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

Use of Proceeds; Regulation U. The proceeds of each Borrowing will be used by the Borrower, the Parent and the Parent's Subsidiaries for working capital, repayment of other Indebtedness, and other general corporate purposes including acquisitions of businesses and other investments permitted by Section 7.14. The Borrower will not use any part of the proceeds of any of the Borrowings 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: Term Loan Agreement (Jones Lang Lasalle Inc), Credit Agreement (Jones Lang Lasalle Inc)

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Use of Proceeds; Regulation U. The proceeds of each Borrowing will be used by the Borrower solely (i) to fund the Borrower, the Parent ’s and the Parent's Subsidiaries for its Subsidiaries’ working capital, repayment of other Indebtednesscapital needs, and other (ii) for general corporate purposes including acquisitions of businesses the Borrower and other investments permitted by Section 7.14its Subsidiaries. The Borrower will not use any part of the proceeds of any of the Borrowings 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 (Black Hills Corp /Sd/)

Use of Proceeds; Regulation U. The proceeds of each Borrowing Borrowing, and the credit provided by Letters of Credit, will be used by the Borrower, the Parent and the Parent's Subsidiaries Borrower for working capital, repayment of other IndebtednessDebt, and other general corporate purposes including acquisitions of businesses and other investments permitted by Section 7.149.14. 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 7.10 hereof) or to extend credit to others for the purpose of purchasing or carrying any such margin stock.

Appears in 1 contract

Samples: Multicurrency Credit Agreement (Bell Sports Corp)

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Use of Proceeds; Regulation U. The proceeds of each Borrowing will be used by the BorrowerBorrower and each Alternative Currency Borrower to finance capital expenditures and Acquisitions permitted hereby, the Parent and the Parent's Subsidiaries for working capital, repayment of other Indebtedness, and other general corporate purposes including acquisitions of businesses and other investments permitted by Section 7.14purposes. The Neither the Borrower will not nor any Alternative Currency Borrower shall use any part of the proceeds of any of the Borrowings directly or indirectly to purchase or carry any margin stock (as defined in Section 5.10 6.10 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 (Federal Signal Corp /De/)

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