Common use of Use of Loan Proceeds Clause in Contracts

Use of Loan Proceeds. Borrower is not engaged principally in, nor does it have as one of its important activities, the business of extending credit for the purpose of purchasing or carrying any margin stock (within the meaning of Regulation U of the Board of Governors of the Federal Reserve System), and no part of any advance made hereunder will be used to purchase or carry margin stock, extend credit to others for the purpose of purchasing or carrying any margin stock, or used for any purpose which violates Regulation U or Regulation X of the Board of Governors of the Federal Reserve System or any other provision of law.

Use of Loan Proceeds. Borrower is Borrowers are not engaged principally in, nor does it do they have as one of its important them significant activities, the business extension of extending credit for the purpose of purchasing or carrying any margin stock (within the meaning of Regulation U of the Board of Governors of the Federal Reserve System), and no part of any advance made hereunder will be used to purchase or carry margin stock, extend credit to others for the purpose of purchasing or carrying any margin stock, or used for any purpose which violates Regulation U or Regulation X of the Board of Governors of the Federal Reserve System or any other provision of law.

Use of Loan Proceeds. Borrower is not engaged principally inprincipally, nor does it have or as one of its important activities, in the business of extending credit for the purpose of purchasing or carrying any margin stock (within the meaning of Regulation U of the Board of Governors of the Federal Reserve System), and no as amended. No part of any advance made hereunder the proceeds of the Loan will be used to purchase used, directly or carry margin stockindirectly, extend credit to others for the purpose of purchasing or carrying any margin stock, or used for any a purpose which violates Regulation any law, rule or regulation of any governmental body, including, without limitation, the provisions of Regulations G, U or Regulation X of the Board of Governors of the Federal Reserve System or any other provision of lawSystem, as amended.