The proceeds of the Advance Loans will used only for equipment and facility build out and construction or acquisition of mobile proppant management systems.  Letters of Credit and the proceeds of the Revolving Loans will be used only for general working capital purposes. No part of the proceeds of any Loan or any 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.