Common use of Restriction on Use of Proceeds Clause in Contracts

Restriction on Use of Proceeds. The Borrower will not use the proceeds of any Borrowing, whether directly or indirectly, and whether immediately, incidentally or ultimately, to purchase or carry Margin Stock, or to extend credit to others for the purpose of purchasing or carrying Margin Stock or to refund indebtedness originally incurred for such purpose.

Appears in 15 contracts

Sources: Credit Agreement (Power Solutions International, Inc.), Revolving Credit Agreement (Power Solutions International, Inc.), Credit Agreement (TerrAscend Corp.)

Restriction on Use of Proceeds. The Borrower will not use the proceeds of any BorrowingCredit Extension, whether directly or indirectly, and whether immediately, incidentally or ultimately, to purchase or carry Margin Stock, or to extend credit to others for the purpose of purchasing or carrying Margin Stock or to refund indebtedness originally incurred for such purpose.

Appears in 8 contracts

Sources: Credit Agreement (Global Clean Energy Holdings, Inc.), Credit Agreement (Global Clean Energy Holdings, Inc.), Credit Agreement (Global Clean Energy Holdings, Inc.)

Restriction on Use of Proceeds. The Borrower will not use the proceeds of any Borrowingborrowing, whether directly or indirectly, and whether immediately, incidentally or ultimately, to purchase or carry Margin Stock, or to extend credit to others for the purpose of purchasing or carrying Margin Stock or to refund indebtedness originally incurred for such purpose.

Appears in 2 contracts

Sources: Credit Agreement (Istar Inc.), Credit Agreement (Star Holdings)

Restriction on Use of Proceeds. The Borrower will not use the proceeds of any Borrowing, whether directly or indirectly, and whether immediately, incidentally or ultimately, to purchase or carry Margin Stock, or to extend credit to others for the purpose of purchasing or carrying Margin Stock or to refund indebtedness originally incurred for such purpose. .

Appears in 1 contract

Sources: Credit Agreement

Restriction on Use of Proceeds. The Borrower will not use the proceeds of any Loan or Borrowing, whether directly or indirectly, and whether immediately, incidentally or ultimately, to purchase or carry Margin Stock, or to extend credit to others for the purpose of purchasing or carrying Margin Stock or to refund indebtedness originally incurred for such purpose.

Appears in 1 contract

Sources: Loan Agreement (Arcadia Biosciences, Inc.)

Restriction on Use of Proceeds. The Borrower Borrowers will not use the proceeds of any Borrowing, whether directly or indirectly, and whether immediately, incidentally or ultimately, to purchase or carry Margin Stock, or to extend credit to others for the purpose of purchasing or carrying Margin Stock or to refund indebtedness originally incurred for such purpose..  

Appears in 1 contract

Sources: Credit Agreement (Pricesmart Inc)