|
|
 | | | |
- close
- close
- close
- close
This excerpt taken from the SWY 8-K filed Jun 7, 2005. 2.5 Use of Proceeds.
A. Loans. Proceeds of the Domestic Loans and the Canadian Loans advanced on the Closing Date, if any, shall be applied, together with other available funds of Borrowers, by the applicable Borrowers to repay all amounts of principal and accrued interest owing by Company and Canada Safeway under the Existing Credit Agreement. Any excess or other proceeds of the Domestic Loans and the Canadian Loans shall be applied by the applicable Borrower for general corporate purposes.
B. Margin Regulations. No portion of the proceeds of any borrowing under this Agreement shall be used by Company or any of its Subsidiaries in any manner that might cause the borrowing or the application of such proceeds to violate Regulation U, Regulation T or Regulation X of the Board of Governors of the Federal Reserve System or any other regulation of such Board or to violate the Exchange Act, in each case as in effect on the date or dates of such borrowing and such use of proceeds.
|
| |||||||
