Common use of Use of Proceeds and Letters of Credit Clause in Contracts

Use of Proceeds and Letters of Credit. The proceeds of the Revolving Loans and Letters of Credit shall be used for general corporate purposes of the Borrower and its Subsidiaries; provided, however, that no part of the proceeds of any borrowing or Letter of Credit will be used, whether directly or indirectly, for any purpose that entails a violation of any of Regulations T, U and X of the Board. The Borrower will not request any borrowing or Letter of Credit, and the Borrower shall not use, and shall procure that its Subsidiaries and, to its knowledge, its or their respective directors, officers, employees and agents (in each case, in its respective capacity as such) shall not use, the proceeds of any borrowing or Letter of Credit (A) in furtherance of an offer, payment, promise to pay, or authorization of the payment or giving of money, or anything else of value, to any Person in violation of any Anti-Corruption Laws, (B) for the purpose of funding, financing or facilitating any activities, business or transaction of or with any Sanctioned Person, or in any Sanctioned Country, in either case, in violation of law or (C) in any manner that would result in the violation of any Sanctions applicable to any party hereto.

Appears in 10 contracts

Sources: Credit Agreement (Public Service Co of Colorado), Credit Agreement (Public Service Co of Colorado), Credit Agreement (Public Service Co of Colorado)

Use of Proceeds and Letters of Credit. The proceeds of the Revolving Loans and Letters of Credit shall be used for general corporate purposes of the Borrower and its Subsidiaries; provided, however, that no part of the proceeds of any borrowing or Letter of Credit will be used, whether directly or indirectly, for any purpose that entails a violation of any of Regulations T, U and X of the Board. The Borrower will not request any borrowing or Letter of Credit, and the Borrower shall not use, and shall procure that its Subsidiaries and, to its knowledge, its or their respective directors, officers, employees and agents (in each case, in its respective capacity as such) shall not use, the proceeds of any borrowing or Letter of Credit (A) in furtherance of an offer, payment, promise to pay, or authorization of the payment or giving of money, or anything else of value, to any Person in violation of any Anti-Corruption Laws, (B) for the purpose of funding, financing or facilitating any activities, business or transaction of or with any Sanctioned Person, or in any Sanctioned Country, in either case, in violation of law except to the extent permissible for a Person required to comply with Sanctions or (C) in any manner that would result in the violation of any Sanctions applicable to any party hereto.

Appears in 5 contracts

Sources: Credit Agreement (Public Service Co of Colorado), Credit Agreement (Public Service Co of Colorado), Credit Agreement (Public Service Co of Colorado)

Use of Proceeds and Letters of Credit. The proceeds of the Revolving Loans and Letters of Credit shall be used for general corporate purposes of the Borrower and its Subsidiaries; provided, however, that no as set forth in Section 3.14. No part of the proceeds of any borrowing or Letter of Credit Loan will be used, whether directly or indirectly, for any purpose that entails a violation of any of the Regulations of the Board, including Regulations T, U and X X. Letters of Credit will be issued only to support the general corporate purposes of the BoardBorrower and the Subsidiaries. The Borrower will not request any borrowing Borrowing or Letter of Credit, and the Borrower shall not use, use or permit the Subsidiaries and shall procure that its Subsidiaries and, to its knowledge, its or their respective directors, officers, employees and agents (in each case, in its respective capacity as such) shall not to use, the proceeds of any borrowing Borrowing or Letter of Credit (Aa) in furtherance of an offer, payment, promise to pay, or authorization of the payment or giving of money, or anything else of value, to any Person in violation of any Anti-Corruption Laws, (Bb) for the purpose of funding, financing or facilitating any activities, business or transaction of or with any Sanctioned Person, or in any Sanctioned Country, in either case, in violation of law or (Cc) in any manner that would result in the violation of any Sanctions applicable to any party hereto.

Appears in 4 contracts

Sources: Credit Agreement (Service Corp International), Credit Agreement (Service Corp International), Credit Agreement (Service Corp International)

Use of Proceeds and Letters of Credit. The proceeds of the Revolving Loans and the Letters of Credit shall will be used only for working capital purposes and general corporate purposes purposes, including acquisitions, of the Borrower and its Subsidiaries; provided, however, that no . No part of the proceeds of any borrowing or Letter of Credit Loan will be used, whether directly or indirectly, for any purpose that entails a violation of any of the Regulations of the Board, including Regulations T, U and X of the Board. X. The Borrower will not request any borrowing Borrowing or Letter of Credit, and the Borrower shall not use, and shall procure that its Subsidiaries and, to its knowledge, and its or their respective directors, officers, employees and agents (in each case, in its respective capacity as such) shall not use, the proceeds of any borrowing Borrowing or Letter of Credit (A) in furtherance of an offer, payment, promise to pay, or authorization of the payment or giving of money, or anything else of value, to any Person in violation of any Anti-Corruption Laws, (B) for the purpose of funding, financing or facilitating any activities, business or transaction of or with any Sanctioned Person, or in any Sanctioned Country, in either case, in violation of law or (C) in any manner that would result in the violation of any Sanctions applicable to any party hereto.

Appears in 4 contracts

Sources: Credit Agreement (Kimball International Inc), Credit Agreement (Kimball International Inc), Credit Agreement (Kimball Electronics, Inc.)

Use of Proceeds and Letters of Credit. The proceeds of the Revolving Loans and Letters of Credit shall be used for general corporate purposes of the Borrower and its Subsidiaries; provided, however, that no part of the proceeds of any borrowing Revolving Loan or Letter of Credit will be used, whether directly or indirectly, for any purpose that entails a violation of any of Regulations T, U and X of the Board. The Borrower will not request any borrowing or Letter of Credit, and the Borrower shall not use, and shall procure that its Subsidiaries and, to its knowledge, its or their respective directors, officers, employees and agents (in each case, in its respective capacity as such) shall not use, the proceeds of any borrowing or Letter of Credit (A) in furtherance of an offer, payment, promise to pay, or authorization of the payment or giving of money, or anything else of value, to any Person in violation of any Anti-Corruption Laws, (B) for the purpose of funding, financing or facilitating any activities, business or transaction of or with any Sanctioned Person, or in any Sanctioned Country, in either case, in violation of law or (C) in any manner that would result in the violation of any Sanctions applicable to any party hereto.

Appears in 4 contracts

Sources: Credit Agreement (Northern States Power Co), Credit Agreement (Northern States Power Co), Credit Agreement (Northern States Power Co)

Use of Proceeds and Letters of Credit. The proceeds of the Revolving Loans and Letters of Credit shall will be used only to finance the working capital needs, and for general corporate purposes purposes, of the Borrower and its Subsidiaries; provided, however, that no Subsidiaries (other than Hostile Acquisitions). No part of the proceeds of any borrowing or Letter of Credit Loan will be used, whether directly or indirectly, for any purpose that entails a violation of any of the regulations of the Federal Reserve Board, including Regulations T, U and X X. Letters of Credit will be issued only to support the BoardBorrower and its Subsidiaries. The Borrower will not request any borrowing Borrowing or Letter of Credit, and the Borrower shall not use, and shall procure that its Subsidiaries and, to its knowledge, and its or their respective directors, officers, employees and agents (in each case, in its respective capacity as such) shall not use, the proceeds of any borrowing Borrowing or Letter of Credit (Ai) in furtherance of an offer, payment, promise to pay, or authorization of the payment or giving of money, or anything else of value, to any Person in violation of any Anti-Corruption Laws, (Bii) for the purpose of funding, financing or facilitating any activities, business or transaction of or with any Sanctioned Person, or in any Sanctioned Country, in either caseexcept to the extent permitted for a Person required to comply with Sanctions, in violation of law or (Ciii) in any manner that would result in the violation of any Sanctions applicable to any party hereto.

Appears in 4 contracts

Sources: Credit Agreement (Northwest Natural Gas Co), Credit Agreement (Northwest Natural Gas Co), Credit Agreement (Northwest Natural Gas Co)

Use of Proceeds and Letters of Credit. The Letters of Credit and the proceeds of the Revolving Loans and Letters of Credit shall will be used for general corporate purposes of the Borrower and its Subsidiaries; provided, however, that no or for working capital needs. No part of the proceeds of any borrowing or Letter of Credit Loan will be used, whether directly or indirectly, for any purpose that entails a violation of any of the Regulations T, U and X of the Board. , including Regulations U and X. The Borrower will not request any borrowing Borrowing or Letter of Credit, and the Borrower Credit Parties shall not use, and shall procure that its Subsidiaries and, to its knowledge, the Companies and its or their respective directors, officers, employees and agents (in each case, in its respective capacity as such) shall not use, the proceeds of any borrowing Borrowing or Letter of Credit (A) in furtherance of an offer, payment, promise to pay, or authorization of the payment or giving of money, or anything else of value, to any Person in violation of any Anti-Corruption Laws, (B) for the purpose of funding, financing or facilitating any activities, business or transaction of or with any Sanctioned Person, or in any Sanctioned Country, to the extent such activities, businesses or transaction would be prohibited by Sanctions if conducted by a corporation incorporated in either casethe United States or in a European Union member state, in violation of law or (C) in any manner that would result in the violation of any Sanctions applicable to any party hereto.

Appears in 3 contracts

Sources: Credit and Guarantee Agreement (H&r Block Inc), Credit Agreement (H&r Block Inc), Credit and Guarantee Agreement (H&r Block Inc)

Use of Proceeds and Letters of Credit. The proceeds of the Revolving Loans and Letters of Credit shall be used for general corporate purposes of the Borrower and its Subsidiaries; provided, however, that no part of the proceeds of any borrowing Revolving Loan or Letter of Credit will be used, whether directly or indirectly, for any purpose that entails a violation of any of Regulations T, U and X of the Board. The Borrower will not request any borrowing Borrowing or Letter of Credit, and the Borrower shall not use, and shall procure that its Subsidiaries and, to its knowledge, its or their respective directors, officers, employees and agents (in each case, in its respective capacity as such) shall not use, the proceeds of any borrowing Borrowing or Letter of Credit (A) in furtherance of an offer, payment, promise to pay, or authorization of the payment or giving of money, or anything else of value, to any Person in violation of any Anti-Corruption Laws, (B) for the purpose of funding, financing or facilitating any activities, business or transaction of or with any Sanctioned Person, or in any Sanctioned Country, in either case, in violation of law or (C) in any manner that would result in the violation of any Sanctions applicable to any party hereto.

Appears in 3 contracts

Sources: Credit Agreement (Northern States Power Co), Credit Agreement (Northern States Power Co), Credit Agreement (Northern States Power Co)

Use of Proceeds and Letters of Credit. The proceeds of the Revolving Loans and Letters of Credit shall will be used only to finance the working capital needs, and for general corporate purposes purposes, of the Borrower and its Subsidiaries; provided, however, that no Subsidiaries in the ordinary course of business. No part of the proceeds of any borrowing or Letter of Credit Loan will be used, whether directly or indirectly, for any purpose that entails a violation of any of the regulations of the Federal Reserve Board, including Regulations T, U and X of the Board. X. The Borrower will not request any borrowing Borrowing or Letter of Credit, and the Borrower shall not use, and shall procure that its Subsidiaries and, to its knowledge, and its or their respective directors, officers, employees and agents (in each case, in its respective capacity as such) shall not use, the proceeds of any borrowing Borrowing or Letter of Credit (Ai) in furtherance of an offer, payment, promise to pay, or authorization of the payment or giving of money, or anything else of value, to any Person in violation of any Anti-Corruption Laws, (Bii) for the purpose of funding, financing or facilitating any activities, business or transaction of or with any Sanctioned Person, or in any Sanctioned Country, in either caseexcept to the extent permitted for a Person required to comply with Sanctions, in violation of law or (Ciii) in any manner that would result in the violation of any Sanctions applicable to any party hereto.

Appears in 3 contracts

Sources: Credit Agreement (Trinity Industries Inc), Credit Agreement (Arcosa, Inc.), Credit Agreement (Trinity Industries Inc)

Use of Proceeds and Letters of Credit. The proceeds of the Revolving Loans will be used only for, and the Letters of Credit shall will be used for issued only to support, general corporate purposes of the Borrower and its Subsidiaries; provided, howeverincluding, that no but not limited to, funding working capital and capital expenditures and financing acquisitions of properties and repayment of other Indebtedness. No part of the proceeds of any borrowing or Letter of Credit Loan will be used, whether directly or indirectly, for any purpose that entails a violation of any of Regulations the regulations of the Board, including regulations T, U and X of the Board. X. The Borrower will not request any borrowing Borrowing or Letter of Credit, and the Borrower and the Company shall not use, and shall procure that its their respective Subsidiaries and, to its knowledge, its or and their respective directors, officers, employees and agents (in each case, in its respective capacity as such) shall not use, the proceeds of any borrowing Borrowing or Letter of Credit (A) in furtherance of an offer, payment, promise to pay, or authorization of the payment or giving of money, or anything else of value, to any Person in violation of any Anti-Corruption Laws, (B) for the purpose of funding, financing or facilitating any activities, business or transaction of or with any Sanctioned Person, or in any Sanctioned Country, in either case, in violation of law or (C) in any manner that would result in the violation of any Sanctions applicable to any party hereto.

Appears in 3 contracts

Sources: Revolving Credit and Term Loan Agreement (Four Corners Property Trust, Inc.), Revolving Credit and Term Loan Agreement (Four Corners Property Trust, Inc.), Revolving Credit and Term Loan Agreement (Four Corners Property Trust, Inc.)

Use of Proceeds and Letters of Credit. The proceeds of the Revolving Loans and Letters of Credit shall will be used only for working capital needs and general corporate purposes purposes, including the repayment of the Borrower debt and its Subsidiaries; provided, however, that no permitted acquisitions. No part of the proceeds of any borrowing or Letter of Credit Loan will be used, whether directly or indirectly, for any purpose that entails a violation of any of the Regulations of the Board, including Regulations T, U and X X. Letters of the BoardCredit will be issued only to support working capital needs and general corporate purposes. The Borrower will not request any borrowing Borrowing or Letter of Credit, and the Borrower shall not use, and shall procure that its Subsidiaries and, to its knowledge, and its or their respective directors, officers, employees and agents (in each case, in its respective capacity as such) shall not use, the proceeds of any borrowing Borrowing or Letter of Credit (A) in furtherance of an offer, payment, promise to pay, or authorization of the payment or giving of money, or anything else of value, to any Person in violation of any Anti-Corruption Laws, (B) for the purpose of funding, financing or facilitating any activities, business or transaction of or with any Sanctioned Person, or in any Sanctioned Country, in either case, in violation of law or (C) in any manner that would result in the violation of any Sanctions applicable to any party hereto.

Appears in 2 contracts

Sources: Revolving Credit and Term Loan Agreement (Healthcare Trust of America Holdings, LP), Revolving Credit and Term Loan Agreement (Healthcare Trust of America Holdings, LP)

Use of Proceeds and Letters of Credit. The proceeds of the Revolving Loans will be used only for, and the Letters of Credit shall will be used for issued only to support, working capital needs and other general corporate purposes of the Borrower and its Subsidiaries; provided, however, that no . No part of the proceeds of any borrowing or Letter of Credit Loan will be used, whether directly or indirectly, for any purpose that entails a violation of any of the Regulations of the Board, including Regulations T, U and X of the Board. X. The Borrower will not request any borrowing Borrowing or Letter of Credit, and the Borrower shall not use, and shall procure that its Subsidiaries and, to its knowledge, and its or their respective directors, officers, employees and agents (in each case, in its respective capacity as such) shall not use, the proceeds of any borrowing Borrowing or Letter of Credit (A) in furtherance of an offer, payment, promise to pay, or authorization of the payment or giving of money, or anything else of value, to any Person in violation of any Anti-Corruption Laws, (B) for the purpose of funding, financing or facilitating any activities, business or transaction of or with any Sanctioned Person, or in any Sanctioned Country, in either case, in violation of law or (C) in any manner that would result in the violation of any Sanctions applicable to any party hereto.

Appears in 2 contracts

Sources: Revolving Credit Agreement (Xenia Hotels & Resorts, Inc.), Revolving Credit Agreement (Xenia Hotels & Resorts, Inc.)

Use of Proceeds and Letters of Credit. The proceeds of the Revolving Loans and Letters of Credit shall will be used only for general corporate purposes purposes, including, but not limited to, acquisitions permitted hereby, refinancing of the Borrower indebtedness and its Subsidiaries; provided, however, that no working capital. No part of the proceeds of any borrowing or Letter of Credit Loan will be used, whether directly or indirectly, for any purpose that entails a violation of any of the Regulations of the Board, including Regulations T, U and X of the Board. X. The Borrower Borrowers will not request any borrowing Borrowing or Letter of Credit, and the Borrower Borrowers shall not use, and shall procure that its Subsidiaries and, to its knowledge, and its or their respective directors, officers, employees and agents (in each case, in its respective capacity as such) shall not use, the proceeds of any borrowing Borrowing or Letter of Credit (A) in furtherance of an offer, payment, promise to pay, or authorization of the payment or giving of money, or anything else of value, to any Person in violation of any Anti-Corruption Laws, (B) for the purpose of funding, financing or facilitating any activities, business or transaction of or with any Sanctioned Person, or in any Sanctioned Country, in either case, Country in violation of law any Sanctions, or (C) in any manner that would result in the violation of any Sanctions applicable to any party hereto.

Appears in 2 contracts

Sources: Credit Agreement (Scansource, Inc.), Credit Agreement (Scansource, Inc.)

Use of Proceeds and Letters of Credit. The Letters of Credit and the proceeds of the Revolving Loans and Letters of Credit shall will be used for general corporate purposes of the Borrower and its Subsidiaries; provided, however, that no or for working capital needs. No part of the proceeds of any borrowing or Letter of Credit Loan will be used, whether directly or indirectly, for any purpose that entails a violation of any of the Regulations T, U and X of the Board. , including Regulations U and X. The Borrower will not request any borrowing Borrowing or Letter of Credit, and the Borrower Credit Parties shall not use, and shall procure that its Subsidiaries and, to its knowledge, the Companies and its or their respective directors, officers, employees and agents (in each case, in its respective capacity as such) shall not use, the proceeds of any borrowing Borrowing or Letter of Credit (A) in furtherance of an offer, payment, promise to pay, or authorization of the payment or giving of money, or anything else of value, to any Person in violation of any Anti-Corruption Laws, (B) for the purpose of funding, financing or facilitating any activities, business or transaction of or with any Sanctioned Person, or in any Sanctioned Country, in either caseexcept to the extent permitted for a Person required to comply with Sanctions, in violation of law or (C) in any manner that would result in the violation of any Sanctions applicable to any party hereto.

Appears in 2 contracts

Sources: Credit and Guarantee Agreement (H&r Block Inc), Credit and Guarantee Agreement (H&r Block Inc)

Use of Proceeds and Letters of Credit. The proceeds of the Revolving Loans shall be used for, and the Letters of Credit shall only be used for general corporate issued for, the purposes of the Borrower and its Subsidiaries; provided, however, that no described in Section 3.15(a). No part of the proceeds of any borrowing or Letter of Credit Loan will be used, whether directly or indirectly, for any purpose that entails a violation of any of the regulations of the Federal Reserve Board, including Regulations T, U and X of the Board. X. The Borrower will not request any borrowing Borrowing or Letter of Credit, and the Borrower shall not use, and shall procure that its Subsidiaries and, to its knowledge, and its or their respective directors, officers, employees and agents (in each case, in its respective capacity as such) shall not use, the proceeds of any borrowing Borrowing or Letter of Credit (Aa) in furtherance of an offer, payment, promise to pay, or authorization of the payment or giving of money, or anything else of value, to any Person in violation of any Anti-Corruption Laws, (Bb) for the purpose of funding, financing or facilitating any activities, business or transaction of or with any Sanctioned Person, or in any Sanctioned Country, in either caseexcept to the extent permitted for a Person required to comply with Sanctions, in violation of law or (Cc) in any manner that would result in the violation of any Sanctions applicable to any party hereto.

Appears in 2 contracts

Sources: Senior Secured Revolving Credit Agreement (Excelerate Energy, Inc.), Senior Secured Revolving Credit Agreement (Excelerate Energy, Inc.)

Use of Proceeds and Letters of Credit. (a) The proceeds of the Revolving Loans and Letters of Credit shall will be used only to (i) refinance existing Indebtedness (ii) to consummate mergers and Acquisitions permitted by this Agreement and (iii) for general corporate purposes of the Borrower and its Subsidiaries; provided, however, that no purposes. No part of the proceeds of any borrowing or Letter of Credit Loan will be used, whether directly or indirectly, for any purpose that entails a violation of any of the Regulations of the Board, including Regulations T, U and X of the Board. X. (b) The Borrower Borrowers will not request any borrowing or Letter extension of Creditcredit, and the Borrower Borrowers shall not use, and shall procure ensure that its the Subsidiaries and, to its knowledge, its or and their respective directors, officers, employees and agents (in each case, in its respective capacity as such) shall not use, the proceeds of any borrowing extension of credit, directly or Letter of Credit indirectly, (Ai) in furtherance of an offer, payment, promise to pay, or authorization of the payment or giving of money, or anything else of value, to any Person in violation of any Anti-Corruption Laws, (Bii) for the purpose of funding, financing or facilitating any activities, business or transaction of or with any Sanctioned Person, or in any Sanctioned Country, in either case, in violation of law or (Ciii) in any manner that would result in the violation of any Sanctions applicable to any party hereto.

Appears in 2 contracts

Sources: Credit Agreement (Spartan Motors Inc), Credit Agreement (Spartan Motors Inc)

Use of Proceeds and Letters of Credit. The proceeds of the Revolving Loans and Letters of Credit shall will be used only for general corporate purposes of the Borrower and its Subsidiaries; provided, however, that no (including without limitation to finance Acquisitions). No part of the proceeds of any borrowing or Letter of Credit Loan will be used, whether directly or indirectly, for any purpose that entails a violation of any of the Regulations of the Board, including Regulations T, U and X of the Board. X. The Borrower will not request any borrowing Borrowing or Letter of Credit, and the Borrower shall not use, and shall procure that its Subsidiaries and, to its knowledge, and its or their respective directors, officers, employees and agents (in each case, in its respective capacity as such) shall not use, the proceeds of any borrowing Borrowing or Letter of Credit (A) in furtherance of an offer, payment, promise to pay, or authorization of the payment or giving of money, or anything else of value, to any Person in violation of any Anti-Corruption Laws or Anti-Terrorism Laws, (B) for the purpose of funding, financing or facilitating any activities, business or transaction of or with any Sanctioned Person, or in any Sanctioned Country, in either case, in violation of law or (C) in any manner that would result in the violation of any Sanctions or Anti-Terrorism Laws applicable to any party hereto.

Appears in 2 contracts

Sources: Credit Agreement (Macquarie Infrastructure Corp), Credit Agreement (Macquarie Infrastructure Co LLC)

Use of Proceeds and Letters of Credit. The proceeds of the Revolving Loans and Letters of Credit shall will be used only for working capital needs and general corporate purposes purposes, including, without limitation, Permitted Acquisitions of the Borrower Borrowers and its Subsidiaries; provided, however, that no . No part of the proceeds of any borrowing or Letter of Credit Loan will be used, whether directly or indirectly, for any purpose that entails a violation of any of the Regulations of the Board, including Regulations T, U and X of the Board. X. The Borrower Borrowers (i) will not request any borrowing Borrowing, Loan or Letter of Credit, and the Borrower shall not use, and (ii) shall procure that its Subsidiaries and(1) their respective Subsidiaries, to its knowledge, its or and (2) their respective Subsidiaries’ respective directors, officers, employees and agents (in each case, in its respective capacity as such) shall not use, the proceeds of any borrowing Borrowing, Loan or Letter of Credit (A) in furtherance of an offer, payment, promise to pay, or authorization of the payment or giving of money, or anything else of value, to any Person in violation of any Anti-Corruption Laws, (B) for the purpose of funding, financing or facilitating any activities, business or transaction of or with any Sanctioned Person, or in any Sanctioned CountryCountry to the extent that such activities, businesses or transaction would be prohibited by Sanctions if conducted by a corporation incorporated in either casethe United States or the European Union, in violation of law or (C) in any manner that would result in the violation of any Sanctions applicable to any party hereto.

Appears in 2 contracts

Sources: Credit Agreement (Altair Engineering Inc.), Credit Agreement (Altair Engineering Inc.)

Use of Proceeds and Letters of Credit. The proceeds Extensions of the Revolving credit hereunder (whether Loans and or Letters of Credit shall Credit) will be used only for general corporate purposes not in contravention of the Borrower and its Subsidiariesany applicable law or of any Loan Document; provided, however, that no neither the Administrative Agent nor any Lender shall have any responsibility as to the use of any such proceeds. No part of the proceeds of any borrowing Loan or Letter of Credit will be usedused by ODEC, whether directly or indirectly, for the purpose of purchasing or carrying any purpose that entails a violation of any of Regulations T, U and X of the BoardMargin Stock. The Borrower ODEC will not request any borrowing or Letter of Creditcredit extension hereunder, and the Borrower ODEC shall not use, and shall procure ensure that its Subsidiaries and, to its knowledge, and its or their respective directors, officers, employees and agents (in each case, in its respective capacity as such) shall not use, the proceeds of any borrowing or Letter of Credit credit extension hereunder (Ai) in furtherance of an offer, payment, promise to pay, or authorization of the payment or giving of money, or anything else of value, to any Person in violation of any Anti-Corruption Laws, (Bii) for the purpose of funding, financing or facilitating any activities, business or transaction of or with any Sanctioned Person, or in any Sanctioned Country, in either case, Country in violation of law any applicable law, or (Ciii) in any manner that would result in the violation of any Sanctions applicable to any party hereto.

Appears in 1 contract

Sources: Credit Agreement (Old Dominion Electric Cooperative)

Use of Proceeds and Letters of Credit. The Letters of Credit and the proceeds of the Revolving Loans and Letters of Credit shall will be used for general corporate purposes of the Borrower and its Subsidiaries; provided, however, that no or for working capital needs. No part of the proceeds of any borrowing or Letter of Credit Loan will be used, whether directly or indirectly, for any purpose that entails a violation of any of the Regulations T, U and X of the Board. , including Regulations U and X. The Borrower will not request any borrowing Borrowing or Letter of Credit, and the Borrower Credit Parties shall not use, and shall procure that its Subsidiaries and, to its knowledge, the Companies and its or their respective directors, officers, employees and agents (in each case, in its respective capacity as such) shall THIRD AMENDED AND RESTATED CREDIT AND GUARANTEE AGREEMENT – Page 66 not use, the proceeds of any borrowing Borrowing or Letter of Credit (A) in furtherance of an offer, payment, promise to pay, or authorization of the payment or giving of money, or anything else of value, to any Person in violation of any Anti-Corruption Laws, (B) for the purpose of funding, financing or facilitating any activities, business or transaction of or with any Sanctioned Person, or in any Sanctioned Country, in either caseexcept to the extent permitted for a Person required to comply with Sanctions, in violation of law or (C) in any manner that would result in the violation of any Sanctions applicable to any party hereto.

Appears in 1 contract

Sources: Credit and Guarantee Agreement (H&r Block Inc)

Use of Proceeds and Letters of Credit. The proceeds of the Revolving Loans and Letters of Credit shall will be used only for working capital and general corporate purposes of the Borrower and its the Subsidiaries; provided, however, that no . No part of the proceeds of any borrowing or Letter of Credit Loan will be used, whether directly or indirectly, for any purpose that entails a violation of any of the Regulations of the Board, including Regulations T, U and X X. Letters of Credit will be issued only to support the general corporate purposes of the BoardBorrower and the Subsidiaries. The Borrower will not request any borrowing Borrowing or Letter of Credit, and the Borrower shall not use, and shall procure that or permit its Subsidiaries and, to its knowledge, and its or their respective directors, officers, employees and agents (in each case, in its respective capacity as such) shall not to use, the proceeds of any borrowing Borrowing or Letter of Credit (Aa) in furtherance of an offer, payment, promise to pay, or authorization of the payment or giving of money, or anything else of value, to any Person in violation of any Anti-Corruption Laws, in any material respect, (Bb) for the purpose of funding, financing or facilitating any activities, business or transaction of or with any Sanctioned Person, or in any Sanctioned Country, in either each case, to the extent that would be prohibited by Sanctions if conducted by a corporation incorporated in violation of law the United States or (Cc) in any other manner that would result in the material violation of any Sanctions applicable to any party heretoto this Agreement.

Appears in 1 contract

Sources: Revolving Credit Agreement (Marathon Petroleum Corp)

Use of Proceeds and Letters of Credit. (a) The proceeds of the Revolving Loans and Letters of Credit shall will be used only for working capital and general corporate purposes of the Borrower and its Subsidiaries; provided, however, that no purposes. No part of the proceeds of any borrowing or Letter of Credit Loan will be used, whether directly or indirectly, for any purpose that entails a violation of any of the Regulations of the Board, including Regulations T, U and X X. Letters of the Board. Credit will be issued only for general corporate purposes. (a) The Borrower will shall not request any borrowing Borrowing or Letter of Credit, and the Borrower shall not use, and shall procure ensure that its Subsidiaries and, to its knowledge, and its or their respective directors, officers, employees and agents (in each case, in its respective capacity as such) shall not use, the proceeds of any borrowing Borrowing or Letter of Credit (Ai) in furtherance of an offer, payment, promise to pay, or authorization of the payment or giving of money, or anything else of value, to any Person in violation of any Anti-Corruption Laws, (Bii) for the purpose of funding, financing or facilitating any activities, business or transaction of or with any Sanctioned Person, or in any Sanctioned Country, to the extent such activities, business or transaction would be prohibited by Sanctions if conducted by a corporation incorporated in either casethe United States, in violation of law or (Ciii) in any manner that would result in the violation of any Sanctions applicable to any party hereto.

Appears in 1 contract

Sources: Credit Agreement (Macy's, Inc.)

Use of Proceeds and Letters of Credit. The proceeds of the Revolving Loans and Letters Letter of Credit shall will be used only for refinancing existing Indebtedness and for general corporate purposes of the Borrower and its Subsidiaries; provided, however, that no purposes. No part of the proceeds of any borrowing or Letter of Credit Loan will be used, whether directly or indirectly, for any purpose that entails a violation of any of the Regulations of the Board, including Regulations T, U and X of the Board. X. The Borrower will not request any borrowing Borrowing or Letter of Credit, and the Borrower shall not use, and shall procure ensure that its Subsidiaries and, to its knowledge, and its or their respective directors, officers, employees and agents (in each case, in its respective capacity as such) shall not use, the proceeds of any borrowing Borrowing or Letter of Credit (A) in furtherance of an offer, payment, promise to pay, or authorization of the payment or giving of money, or anything else of value, to any Person in violation of any Anti-Corruption Laws, (B) for the purpose of funding, financing or facilitating any activities, business or transaction of or with any Sanctioned Person, or in any Sanctioned Country, to the extent such activities, business or transaction would be prohibited by Sanctions if conducted by a corporation incorporated in either casethe United States or in a European Union member state, in violation of law or (C) in any manner that would result in the violation of any Sanctions applicable to any party hereto.

Appears in 1 contract

Sources: Credit Agreement (Marcus Corp)

Use of Proceeds and Letters of Credit. The proceeds of the Revolving Loans and Letters Letter of Credit shall will be used only for refinancing existing Indebtedness and for general corporate purposes of the Borrower and its Subsidiaries; provided, however, that no purposes. No part of the proceeds of any borrowing or Letter of Credit Loan will be used, whether directly or indirectly, for any purpose that entails a violation of any of the Regulations of the Federal Reserve Board, including Regulations T, U and X of the Board. X. The Borrower will not request any borrowing Borrowing or Letter of Credit, and the Borrower shall not use, and shall procure ensure that its Subsidiaries and, to its knowledge, and its or their respective directors, officers, employees and agents (in each case, in its respective capacity as such) shall not use, the proceeds of any borrowing Borrowing or Letter of Credit (A) in furtherance of an offer, payment, promise to pay, or authorization of the payment or giving of money, or anything else of value, to any Person in violation of any Anti-Corruption Laws, (B) for the purpose of funding, financing or facilitating any activities, business or transaction of or with any Sanctioned Person, or in any Sanctioned Country, to the extent such activities, business or transaction would be prohibited by Sanctions if conducted by a corporation incorporated in either casethe United States or in a European Union member state, in violation of law or (C) in any manner that would result in the violation of any Sanctions applicable to any party hereto.

Appears in 1 contract

Sources: Credit Agreement (Marcus Corp)

Use of Proceeds and Letters of Credit. The proceeds of the Revolving Loans and Letters of Credit shall be used for general corporate purposes of the Borrower and its Subsidiaries; provided, however, that no part of the proceeds of any borrowing Revolving Loan or Letter of Credit will be used, whether directly or indirectly, for any purpose that entails a violation of any of Regulations T, U and X of the Board. The Borrower will not request any borrowing or Letter of Credit, and the Borrower shall not use, and shall procure that its Subsidiaries and, to its knowledge, its or their respective directors, officers, employees and agents (in each case, in its respective capacity as such) shall not use, the proceeds of any borrowing or Letter of Credit (A) in furtherance of an offer, payment, promise to pay, or authorization of the payment or giving of money, or anything else of value, to any Person in violation of any Anti-Corruption Laws, (B) for the purpose of funding, financing or facilitating any activities, business or transaction of or with any Sanctioned Person, or in any Sanctioned AMERICAS 91292616 Country, in either case, in violation of law or (C) in any manner that would result in the violation of any Sanctions applicable to any party hereto.

Appears in 1 contract

Sources: Credit Agreement (Northern States Power Co)

Use of Proceeds and Letters of Credit. The proceeds of the Revolving Loans and Letters of Credit shall will be used only to refinance the Existing Credit Agreement and for general corporate purposes of the Borrower and its Subsidiaries; provided, however, that no purposes. No part of the proceeds of any borrowing or Letter of Credit Loan will be used, whether directly or indirectly, for any purpose that entails a violation of any of the Regulations of the Board, including Regulations T, U and X X. Letters of the BoardCredit will be issued only to support general corporate purposes. The Borrower Borrowers will not request any borrowing Borrowing or Letter of Credit, and the Borrower Borrowers shall not use, and shall procure that its Subsidiaries and, to its knowledge, and its or their respective directors, officers, employees and agents (in each case, in its respective capacity as such) shall not use, directly, or, to its knowledge, indirectly the proceeds of any borrowing Borrowing or Letter of Credit (Aa) in furtherance of an offer, payment, promise to pay, or authorization of the payment or giving of money, or anything else of value, to any Person in violation of any applicable Anti-Corruption Laws, (Bb) for the purpose of directly, or, to its knowledge, indirectly funding, financing or facilitating any activities, business or transaction of or with any Sanctioned Person, or in any Sanctioned Country, to the extent such activities, businesses or transaction would be prohibited by Sanctions if conducted by a corporation incorporated in either case, the United States or in violation of law a European Union member state or (Cc) in any manner that would result in the violation of any Sanctions applicable to any party hereto.

Appears in 1 contract

Sources: Revolving Credit Agreement (Ingredion Inc)

Use of Proceeds and Letters of Credit. The proceeds of the Revolving Loans and Letters of Credit shall will be used only for general corporate purposes purposes, including, at the option of the Borrower and its Subsidiaries; providedBorrower, however, that no to refinance any Indebtedness of the Borrower. No part of the proceeds of any borrowing or Letter of Credit Loan will be used, whether directly or indirectly, for any purpose that entails a violation of any of the Regulations of the Board, including Regulations T, U and X X. Letters of the BoardCredit will be issued only for general corporate purposes. The Borrower will not request any borrowing Borrowing or Letter of Credit, and the Borrower shall not use, and shall procure that its Subsidiaries and, to its knowledge, and its or their respective directors, officers, employees and agents (in each case, in its respective capacity as such) shall not use, the proceeds of any borrowing Borrowing or Letter of Credit (A) in furtherance of an offer, payment, promise to pay, or authorization of the payment or giving of money, or anything else of value, to any Person in violation of any Anti-Corruption Laws, (B) for the purpose of funding, financing or facilitating any activities, business or transaction of or with any Sanctioned Person, or in any Sanctioned Country, in either case, in violation of law or (C) in any manner that would result in the violation of any Sanctions applicable to any party hereto.

Appears in 1 contract

Sources: Credit Agreement (Tesoro Corp /New/)

Use of Proceeds and Letters of Credit. (a) The proceeds of the Revolving Loans and Letters of Credit shall will be used only for working capital and general corporate purposes of the Borrower and its Subsidiaries; provided, however, that no purposes. No part of the proceeds of any borrowing or Letter of Credit Loan will be used, whether directly or indirectly, for any purpose that entails a violation of any of the Regulations of the Board, including Regulations T, U and X X. Letters of the Board. Credit will be issued only for general corporate purposes. (b) The Borrower will shall not request any borrowing Borrowing or Letter of Credit, and the Borrower shall not use, and shall procure ensure that its Subsidiaries and, to its knowledge, and its or their respective directors, officers, employees and agents (in each case, in its respective capacity as such) shall not use, the proceeds of any borrowing Borrowing or Letter of Credit (Ai) in furtherance of an offer, payment, promise to pay, or authorization of the payment or giving of money, or anything else of value, to any Person in violation of any Anti-Corruption Laws, (Bii) for the purpose of funding, financing or facilitating any activities, business or transaction of or with any Sanctioned Person, or in any Sanctioned Country, to the extent such activities, business or transaction would be prohibited by Sanctions if conducted by a corporation incorporated in either casethe United States, in violation of law or (Ciii) in any manner that would result in the violation of any Sanctions applicable to any party hereto.

Appears in 1 contract

Sources: Credit Agreement (Macy's, Inc.)

Use of Proceeds and Letters of Credit. The proceeds of the Revolving Loans and Letters of Credit shall be used for general corporate purposes of the Borrower and its Subsidiaries; provided, however, that no part of the proceeds of any borrowing Revolving Loan or Letter of Credit will be used, whether directly or indirectly, for any purpose that entails a violation of any of Regulations T, U and X of the Board. The Borrower will not request any borrowing Borrowing or Letter of Credit, and the Borrower shall not use, and shall procure that its Subsidiaries and, to its knowledge, its or their respective directors, officers, employees and agents (in each case, in its respective capacity as such) shall not use, the proceeds of any borrowing Borrowing or Letter of Credit (A) in furtherance of an offer, payment, promise to pay, or authorization of the payment or giving of money, or anything else of value, to any Person in violation of any Anti-Corruption Laws, (B) for the purpose of funding, financing or facilitating any activities, business or transaction of or with any Sanctioned Person, or NEWYORK 9337890 in any Sanctioned Country, in either case, in violation of law or (C) in any manner that would result in the violation of any Sanctions applicable to any party hereto.

Appears in 1 contract

Sources: Credit Agreement (Northern States Power Co)

Use of Proceeds and Letters of Credit. The proceeds of the Revolving Loans and Letters of Credit shall will be used only for general corporate purposes of the Borrower Borrowers and its their respective Subsidiaries; provided, however, that no . No part of the proceeds of any borrowing or Letter of Credit Loan will be used, whether directly or indirectly, for any purpose that entails a violation of any of the Regulations of the Board, including Regulations T, U and X of the Board. X. The Borrower Borrowers will not request any borrowing Borrowing or issuance of any Letter of Credit, and the Borrower Borrowers shall not use, and shall procure that its their respective Subsidiaries and, to its knowledge, its or and their respective directors, officers, employees and agents (in each case, in its respective capacity as such) shall not use, the proceeds of any borrowing Borrowing or draw on any Letter of Credit (A) in furtherance of an offer, payment, promise to pay, or authorization of the payment or giving of money, or anything else of value, to any Person in violation of any Anti-Corruption Laws, (B) for the purpose of funding, financing or facilitating any activities, business or transaction of or with any Sanctioned Person, or in any Sanctioned Country, in either case, in violation of law or (C) in any manner that would result in the violation of any Sanctions applicable to any party hereto.

Appears in 1 contract

Sources: Credit Agreement (LogMeIn, Inc.)

Use of Proceeds and Letters of Credit. The proceeds of the Revolving Loans and Letters of Credit shall will be used only for general limited liability company or corporate purposes (including the making of the Borrower and its Subsidiaries; providedacquisitions), howeverbut in no event for any purpose that would be contrary to Section 4.01(g), that no 4.01(h) or 4.01(k). No part of the proceeds of any borrowing or Letter of Credit Loan will be used, whether directly or indirectly, for any purpose that entails a violation of any of the regulations of the Federal Reserve Board, including Regulations T, U and X of the Board. X. The Borrower will not request any borrowing Borrowing or use any Letter of Credit, and the Borrower shall not use, and shall procure ensure that its Subsidiaries and, to its knowledge, and its or their respective directors, officers, employees and agents (in each case, in its respective capacity as such) shall not use, directly or indirectly, the proceeds of any borrowing Borrowing or Letter of Credit (Aa) in furtherance of an offer, payment, promise to pay, or authorization of the payment or giving of money, or anything else of value, to any Person in violation of any Anti-Corruption Laws, (Bb) for the purpose of funding, financing or facilitating any activities, business or transaction of or with any Sanctioned Person, or in any Sanctioned Country, in either case, in violation of law or (Cc) in any manner that would result in the violation of any Sanctions applicable to any party heretohereto (including any Person participating in the Loans hereunder, whether as underwriter, advisor, investor, lender, hedge provider, facility or security agent or otherwise).

Appears in 1 contract

Sources: Credit Agreement

Use of Proceeds and Letters of Credit. (a) The proceeds of the Revolving Loans and Letters of Credit shall will be used solely for working capital and other general corporate purposes of the Borrower and its Subsidiaries; provided, however, that no purposes. No part of the proceeds of any borrowing or Letter of Credit Loan will be used, whether directly or indirectly, for any purpose that entails a violation of any of the Regulations T, U and X of the Board. , including Regulations U and X. Letters of Credit will be issued only for general corporate purposes of the Borrower and the Subsidiaries. (b) The Borrower will not request any borrowing Borrowing or Letter of Credit, and the Borrower shall will not use, and shall will procure that its the Subsidiaries and, to its knowledge, and its or their respective directors, officers, employees and agents (in each case, in its respective capacity as such) shall will not use, the proceeds of any borrowing Borrowing or any Letter of Credit (Ai) in furtherance of an offer, payment, promise to pay, or authorization of the payment or giving of money, or anything else of value, to any Person in violation of any Anti-Corruption Laws, (Bii) for the purpose of funding, financing or facilitating any activities, business or transaction of or with any Sanctioned Person, or in any Sanctioned Country, in either case, in violation of law or (Ciii) in any manner that would result in the violation of any Sanctions applicable to any party hereto.

Appears in 1 contract

Sources: Credit Agreement (Advance Auto Parts Inc)

Use of Proceeds and Letters of Credit. The proceeds of the Revolving Loans and Letters of Credit shall will be used only for working capital and general corporate purposes of the Borrower and its the Subsidiaries; provided, however, that no . No part of the proceeds of any borrowing or Letter of Credit Loan will be used, whether directly or indirectly, for any purpose that entails a violation of any of the Regulations of the Board, including Regulations T, U and X X. Letters of Credit will be issued only to support the general corporate purposes of the BoardBorrower and the Subsidiaries. The Borrower will not request any borrowing Borrowing or Letter of Credit, and the Borrower shall not use, and shall procure that or permit its Subsidiaries and, to its knowledge, and its or their respective directors, officers, employees and agents (in each case, in its respective capacity as such) shall not to use, the proceeds of any borrowing Borrowing or Letter of Credit (Aa) in furtherance of an offer, payment, promise to pay, or authorization of the payment or giving of money, or anything else of value, to any Person in violation of any Anti-Corruption Laws, in any material respect, (Bb) for the purpose of funding, financing or facilitating any activities, business or transaction of or with any Sanctioned Person, or in any Sanctioned Country, in either each case, in violation of law to the extent prohibited by applicable Sanctions, or (Cc) in any other manner that would result in the material violation of any Sanctions applicable to any party heretoto this Agreement.

Appears in 1 contract

Sources: Revolving Credit Agreement (Marathon Petroleum Corp)

Use of Proceeds and Letters of Credit. The proceeds of the Revolving Loans and Letters of Credit shall be used for general corporate purposes of the NEWYORK 9337361 Borrower and its Subsidiaries; provided, however, that no part of the proceeds of any borrowing Revolving Loan or Letter of Credit will be used, whether directly or indirectly, for any purpose that entails a violation of any of Regulations T, U and X of the Board. The Borrower will not request any borrowing Borrowing or Letter of Credit, and the Borrower shall not use, and shall procure that its Subsidiaries and, to its knowledge, its or their respective directors, officers, employees and agents (in each case, in its respective capacity as such) shall not use, the proceeds of any borrowing Borrowing or Letter of Credit (A) in furtherance of an offer, payment, promise to pay, or authorization of the payment or giving of money, or anything else of value, to any Person in violation of any Anti-Corruption Laws, (B) for the purpose of funding, financing or facilitating any activities, business or transaction of or with any Sanctioned Person, or in any Sanctioned Country, in either case, in violation of law or (C) in any manner that would result in the violation of any Sanctions applicable to any party hereto.

Appears in 1 contract

Sources: Credit Agreement (Northern States Power Co)