Board of Governors definition

Board of Governors means the Board of Governors of the United States Federal Reserve System, or any successor thereto.

Examples of Board of Governors in a sentence

  • Neither the Company nor any of its Subsidiaries or Affiliates is subject to the Bank Holding Company Act of 1956, as amended (the “BHCA”) and to regulation by the Board of Governors of the Federal Reserve System (the “Federal Reserve”).

  • The Borrower is not engaged and will not engage, principally or as one of its important activities, in the business of purchasing or carrying margin stock (within the meaning of Regulation U of the Board of Governors of the Federal Reserve System of the United States), or extending credit for the purpose of purchasing or carrying margin stock.

  • The use of proceeds of the Revolving Credit Facility will not violate or result in a violation of Regulations T, U and X of the Board of Governors of the Federal Reserve System of the United States of America.

  • Neither the Company nor any of its Subsidiaries is subject to the Bank Holding Company Act of 1956, as amended (the “BHCA”) and to regulation by the Board of Governors of the Federal Reserve System (the “Federal Reserve”).

  • No part of the proceeds of the Loans or drawings under any Letter of Credit will be used to purchase or carry any such Margin Stock or to extend credit to others for the purpose of purchasing or carrying any such Margin Stock or for any purpose that violates, or is inconsistent with, the provisions of Regulation T, U or X of the Board of Governors of the Federal Reserve System.


More Definitions of Board of Governors

Board of Governors means the Board of Governors of the University;
Board of Governors means the Board of Governors of the University as specified in section 24;
Board of Governors the Board of Governors of the Federal Reserve System and any Governmental Authority which succeeds to the powers and functions thereof.
Board of Governors means the board of governors of Wayne state university.
Board of Governors means the Board of Governors of the Washington State Bar Association.