The proceeds of the Loans will be used only to finance the working capital needs and general corporate purposes of the Borrowers and their subsidiaries in the ordinary course of business, and to refinance certain existing indebtedness. No part of the proceeds of any Loan and no Letter of Credit will be used, whether directly or indirectly, for any purpose that entails (i) a violation of any of the Regulations of the Board, including Regulations T, U and X or (ii) a violation of applicable legislation governing financial assistance and/or capital maintenance, including as set forth in Section 5.17 .