Example ContractsClausesUse of Proceeds
Use of Proceeds
Use of Proceeds contract clause examples

Use of Proceeds. Except as set forth in the Prospectus Supplement, the Company shall use the net proceeds from the sale of the Securities hereunder for working capital purposes and shall not use such proceeds: # for the satisfaction of any portion of the Company’s debt (other than payment of trade payables in the ordinary course of the Company’s business and prior practices), # for the redemption of any Common Stock or Common Stock Equivalents, # for the settlement of any outstanding litigation or # in violation of FCPA or OFAC regulations.

Use of Proceeds. The proceeds of the Loans shall be used by the Borrower for general corporate purposes not in contravention of any Requirement of Law or of any Transaction Document.

Use of Proceeds. The Borrower covenants and agrees that the proceeds of the Loans will be used exclusively # for the working capital and general corporate purposes of the Borrower, and # to pay or reimburse permitted fees and expenses in connection with this Agreement. The Borrower will not, nor will it permit any Subsidiary to, use any of the proceeds of the Borrowings to purchase or carry any “margin stock” (as defined in Regulation U) in each case in violation of [Section 5.12] above. The Borrower will not request any Loan, and will not use, and the Borrower will ensure that its Subsidiaries and its or their respective directors, officers, employees and agents shall not use, the proceeds of any Loan 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. The Borrower will not, directly or indirectly, use the proceeds of the Loans, or lend, contribute or otherwise make available such proceeds to any subsidiary, joint venture partner or other Person, # to fund any activities or business of or with any Person, or in any country or territory, that, at the time of such funding, is, or whose government is, the subject of Sanctions, or # in any other manner that would result in a violation of Sanctions by any Person (including any Person participating in the Loans, whether as underwriter, advisor, investor, or otherwise).

Use of Proceeds. Use the proceeds of any Credit Extension, whether directly or indirectly, and whether immediately, incidentally or ultimately, to purchase or carry margin stock (within the meaning of Regulation U of the FRB) or to extend credit to others for the purpose of purchasing or carrying margin stock or to refund Indebtedness originally incurred for such purpose.

. The proceeds of the Tranche A Term Loans shall be used to repay the existing tranche A term loans and the costs and expenses related to closing of the Seventh Amendment. The proceeds of the Revolving Loans and the Swingline Loans, and the Letters of Credit, shall be used for general corporate purposes. The proceeds of the Incremental Term Loans shall be used for general corporate purposes. The Borrower will not request any Loan or Letter of Credit, and the Borrower shall not use, and shall procure that its Subsidiaries and its or their respective directors, officers, employees and agents shall not use, the proceeds of any Loan or Letter of Credit # 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, # for the purpose of funding, financing or facilitating any activities, business or transaction of or with any Sanctioned Person, or in any Sanctioned Country, or # in any manner that would result in the violation of any Sanctions applicable to any party hereto.

Use of Proceeds. The Company shall use the net proceeds from the sale of Subordinated Notes # to support organic growth plans, including the maintenance of capital ratios, and # for general corporate purposes, which may include the repurchase of the Company’s common stock, subject to receipt of regulatory approvals.

Use of Proceeds. Use the proceeds of the Loan to refinance amounts outstanding under its existing credit facility, to pay costs and any other amounts necessary to terminate or novate the Existing BOK Hedges, and to provide funds for oil and gas exploration, production, acquisitions, and general working capital.

Use of Proceeds. Use the proceeds of the Loan, whether directly or indirectly, and whether immediately, incidentally or ultimately, to purchase or carry margin stock (within the meaning of Regulation U of the FRB) or to extend credit to others for the purpose of purchasing or carrying margin stock or to refund indebtedness originally incurred for such purpose.

Use of Proceeds. At the discretion of the Board of Directors of the Company, the Company may use the proceeds from the sale of the Subordinated Note for general corporate purposes, create an interest reserve for the Note and downstream proceeds to the Bank to be used by the Bank to continue to meet regulatory capital requirements, increase the regulatory lending ability of the Bank and support the Bank’s organic growth initiatives. The use of such proceeds does not and will not violate Section 7 of the Exchange Act or any regulations issued pursuant thereto.

Use of Proceeds. The Company shall use the net proceeds from the sale of Subordinated Notes for general corporate purposes and the repayment of Indebtedness.

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