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 for general working capital needs and other general corporate purposes including acquisitions of businesses and other Investments permitted by Section 9.14. 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 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 (Clarcor Inc)

AutoNDA by SimpleDocs

Use of Proceeds; Regulation U. The proceeds of each Borrowing, and the credit provided by Letters of Credit, will be used by the Borrower respective Borrowers for general working capital needs and other general corporate the purposes including acquisitions of businesses and other Investments permitted by as set forth in Section 9.146.08. The No 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 7.10 hereof) Margin Stock or to extend credit to others for the purpose of purchasing or carrying any such margin stockMargin Stock.

Appears in 1 contract

Samples: Credit Agreement (Artesyn Technologies Inc)

Use of Proceeds; Regulation U. The proceeds of each Borrowing, and the credit provided by Letters of Credit, will be used by the Borrower respective Borrowers for general working capital needs and other general corporate the purposes including acquisitions of businesses and other Investments permitted by set forth in Section 9.145.08. The No 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 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: Credit Agreement (Artesyn Technologies Inc)

AutoNDA by SimpleDocs

Use of Proceeds; Regulation U. The proceeds of each Borrowing, and the credit provided by Letters of Credit, will be used by the Borrower for general working capital needs capital, issuance of letters of credit and other general corporate purposes including acquisitions of businesses and other Investments permitted by Section 9.14purposes. 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 7.10 5.1 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 (NRG Energy Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.