Common use of Use of Credits Clause in Contracts

Use of Credits. Neither the Company nor any of its Subsidiaries is engaged principally, or as one of its important activities, in the business of extending credit for the purpose, whether immediate, incidental or ultimate, of buying or carrying Margin Stock and no part of the proceeds of any Credit hereunder will be used to buy or carry any Margin Stock. CREDIT AGREEMENT

Appears in 1 contract

Sources: Credit Agreement (Cygne Designs Inc)

Use of Credits. Neither the The Company nor any of its Subsidiaries is not engaged ----------------- principally, or as one of its important activities, in the business of extending credit for the purpose, whether immediate, incidental or ultimate, of buying or carrying Margin Stock and no part of the proceeds of any Credit hereunder will be used to buy or carry any Margin Stock. CREDIT AGREEMENT.

Appears in 1 contract

Sources: Credit Agreement (Taylor Ann Stores Corp)