Common use of U and X Clause in Contracts

U and X. Each Borrower represents, with respect to its Loans, that the proceeds of the Revolving Credit Loans shall be used (a) to convert existing Indebtedness under the Original Credit Agreement to Indebtedness hereunder; (b) for acquisitions permitted by ss. 9.5.1 up to a maximum aggregate amount of $15,000,000 during the term of this Credit Agreement; (c) for working capital and general corporate purposes; and (d) to fund Distributions permitted to be made pursuant to ss.9.4(b) hereof. The Borrower will obtain Letters of Credit solely for working capital and general corporate purposes. No portion of any Revolving Credit Loan is to be used, and no portion of any Letter of Credit is to be obtained, for the purpose of purchasing or carrying any "margin security" or "margin stock" as such terms are used in Regulations U and X of the Board of Governors of the Federal Reserve System, 12 C.F.R. Parts 221 and 224.

U and X. Each Borrower represents, with respect to its Loans, that the proceeds of the Revolving Credit Loans shall be used (a) to convert existing Indebtedness under the Original Credit Agreement to Indebtedness hereunder; (b) for acquisitions permitted by ss. 9.5.1 up to a maximum aggregate amount of $15,000,000 10,000,000 during the term of this Credit Agreement; (c) for working capital and general corporate purposes; and (d) to fund Distributions permitted to be made pursuant to ss.9.4(b) hereof. The Borrower will obtain Letters of Credit solely for working capital and general corporate purposes. No portion of any Revolving Credit Loan is to be used, and no portion of any Letter of Credit is to be obtained, for the purpose of purchasing or carrying any "margin security" or "margin stock" as such terms are used in Regulations U and X of the Board of Governors of the Federal Reserve System, 12 C.F.R. Parts 221 and 224.