The proceeds of the Loans and Letters of Credit will be used for general corporate purposes of the Borrower and its Subsidiaries not in contravention of any Law or any of the Loan Documents.  No part of the proceeds of any Loan or Letter of Credit 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, or in violation of Section 3.18 or Section 3.19.