Common use of Proceeds of Notes Clause in Contracts

Proceeds of Notes. The Borrower will not permit the proceeds of the Notes to be used for any purpose other than those permitted by Section 7.

Appears in 42 contracts

Sources: Credit Agreement (Approach Resources Inc), Credit Agreement (Constellation Energy Partners LLC), Credit Agreement (Baron Energy Inc.)

Proceeds of Notes. The Borrower will not permit the ------------------- proceeds of the Notes to be used for any purpose other than those permitted by Section 78.

Appears in 5 contracts

Sources: Credit Agreement (Us Energy Corp), Credit Agreement (Crested Corp), Credit Agreement (Crested Corp)

Proceeds of Notes. The Borrower Borrowers will not permit the proceeds of the Notes Loans to be used for any purpose other than those permitted by Section 7.

Appears in 3 contracts

Sources: Second Lien Term Loan Agreement (Quest Resource Corp), Second Lien Term Loan Agreement (Quest Resource Corp), Third Lien Term Loan Agreement (Quest Resource Corp)

Proceeds of Notes. The Borrower will not permit the proceeds of the Notes to be used for any purpose other than those permitted by Section 78.

Appears in 2 contracts

Sources: Credit Agreement (National Coal Corp), Credit Agreement (Dune Energy Inc)

Proceeds of Notes. The Borrower will not permit the proceeds ----------------- of the Notes to be used for any purpose other than those permitted by Section 7.

Appears in 2 contracts

Sources: Credit Agreement (St Mary Land & Exploration Co), Credit Agreement (Mission Resources Corp)

Proceeds of Notes. The Borrower will not permit the proceeds of the Notes to be used for any purpose other than those permitted by Section 74.07.

Appears in 1 contract

Sources: Credit Agreement (New Stat Healthcare Inc)

Proceeds of Notes. The Borrower and Aurora will not permit the proceeds of the Notes to be used for any purpose other than those permitted by Section 7.

Appears in 1 contract

Sources: Credit Agreement (Cadence Resources Corp)

Proceeds of Notes. The Borrower will not permit the proceeds of the Notes or the Letters of Credit to be used for any purpose other than those permitted by Section 7.

Appears in 1 contract

Sources: Credit Agreement (Corrida Resources Inc)

Proceeds of Notes. The Borrower will not permit the proceeds of the Notes to be used for any purpose other than those permitted by Section 74.18.

Appears in 1 contract

Sources: Revolving Credit Loan Agreement (Cogen Technologies Inc)

Proceeds of Notes. The Borrower will not permit the proceeds of the Notes Loans or Letters of Credit to be used for any purpose other than those permitted by Section 7.

Appears in 1 contract

Sources: Credit Agreement

Proceeds of Notes. The Borrower will not, and will not permit any Subsidiary to, use the proceeds of the Notes to be used for any purpose other than those permitted by Section 7.

Appears in 1 contract

Sources: Credit Agreement (Synergy Resources Corp)

Proceeds of Notes. The Borrower will not permit the proceeds of the Notes Note to be used for any purpose purposes other than those permitted by Section 74.12 hereof.

Appears in 1 contract

Sources: Loan Agreement (Independent Bankshares Inc)

Proceeds of Notes. The Borrower will not permit the proceeds of the Notes to be used for any purpose other than those permitted by Section 72.

Appears in 1 contract

Sources: Debtor in Possession Credit Agreement (Aurora Oil & Gas CORP)

Proceeds of Notes. The Borrower will not permit the ------------------ proceeds of the Notes to be used for any purpose other than those permitted by Section 7.

Appears in 1 contract

Sources: Credit Agreement (St Mary Land & Exploration Co)