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

Use of Proceeds; Regulation U. The Company shall use proceeds of the Loans and other extensions of credit made available hereunder solely for the purpose of refinancing existing debt of the Company and its Subsidiaries, for the acquisition of the Acquired Assets, and for its working capital and other general corporate purposes. Neither the Company nor any Subsidiary is engaged in the business of extending credit for the purpose of purchasing or carrying margin stocks (within the meaning of Regulation U of the Board of Governors of the Federal Reserve System), and no part of the proceeds of any loan or extension of credit hereunder will be used to purchase or carry any margin stock or extend credit to others for the purpose of purchasing or carrying any margin stock if as a result thereof such loan or other extension of credit would violate Regulation U or any interpretation thereof.

Use of Proceeds; Regulation U. The Company Borrowers shall use proceeds of the Loans and other extensions of credit made available hereunder solely for the purpose of refinancing existing debt the BOM Bridge Loans and repaying (prior to May 31, 1998) all or a portion of the Company Intersound Sub Debt and its Subsidiaries, for the acquisition of the Acquired Assets, and for its funding their working capital and other general corporate purposesneeds. Neither the Company nor any Subsidiary is engaged in the business of extending credit for the purpose of purchasing or carrying margin stocks (within the meaning of Regulation U of the Board of Governors of the Federal Reserve System), and no part of the proceeds of any loan or extension of credit hereunder will be used to purchase or carry any margin stock or extend credit to others for the purpose of purchasing or carrying any margin stock if as a result thereof such loan or other extension of credit would violate Regulation U or any interpretation thereof.

Use of Proceeds; Regulation U. The Company shall use proceeds of the Loans and other extensions of credit made available hereunder solely for the purpose of refinancing existing debt of funding the Company and its Subsidiaries, for the acquisition of the Acquired Assets, Acquisition and for its working capital and other general corporate purposes. Neither the Company nor any Subsidiary is engaged in the business of extending credit for the purpose of purchasing or carrying margin stocks (within the meaning of Regulation U of the Board of Governors of the Federal Reserve System), and no part of the proceeds of any loan or extension of credit hereunder will be used to purchase or carry any margin stock or extend credit to others for the purpose of purchasing or carrying any margin stock if as a result thereof such loan or other extension of credit would violate Regulation U or any interpretation thereof.