Common use of COMMITMENTS AND BORROWING Clause in Contracts

COMMITMENTS AND BORROWING. Neither Borrower shall use any part of the proceeds of any Loan to purchase or carry any Margin Stock (as defined in Regulation U) or to extend credit to others for the purpose of purchasing or carrying any Margin Stock. Neither Borrower shall use the proceeds of any Loan in a manner that could violate or be inconsistent with (i) the provisions of Regulations T, U or X or (ii) Anti-Terrorism Laws.

Appears in 2 contracts

Sources: Revolving Credit Agreement (Renewable Energy Group, Inc.), Revolving Credit Agreement (Renewable Energy Group, Inc.)