Acquisition of Margin Securities. The Borrower shall not own, purchase or acquire (or enter into any contract to purchase or acquire) any "margin security" as defined by any regulation of the Federal Reserve Board as now in effect or as the same may hereafter be in effect UNLESS, prior to any such purchase or acquisition, the Administrative Agent shall have received a satisfactory opinion of counsel to the effect that such purchase or acquisition will not cause this Agreement or the Notes to be in violation of Regulations G, T, U, X or any other regulation of the Federal Reserve Board then in effect.
Appears in 2 contracts
Samples: Credit Agreement (First Union Real Estate Equity & Mortgage Investments), Credit Agreement (First Union Real Estate Equity & Mortgage Investments)
Acquisition of Margin Securities. The No Borrower shall not own, purchase or acquire (or enter into any contract to purchase or acquire) any "margin security" as defined by any regulation of the Federal Reserve Board as now in effect or as the same may hereafter be in effect UNLESSunless, prior to any such purchase or acquisitionacquisition or entering into any such contract, the Administrative Agent and each Lender shall have received a satisfactory an opinion of counsel satisfactory to Agent and each Lender to the effect that such purchase or acquisition will not cause this Agreement or the Notes to be in violation of Regulations Regulation G, T, U, X or any other regulation of the Federal Reserve Board then in effect.
Appears in 2 contracts
Samples: Credit Agreement (Clearview Cinema Group Inc), Credit Agreement (Clearview Cinema Group Inc)
Acquisition of Margin Securities. The No Borrower shall not own, purchase or acquire (or enter into any contract to purchase or acquire) any "margin security" as defined by any regulation of the Federal Reserve Board as now in effect or as the same may hereafter be in effect UNLESSunless, prior to any such purchase or acquisitionacquisition or entering into any such contract, the Administrative Agent and each Lender shall have received a satisfactory an opinion of counsel satisfactory to Agent and each Lender to the effect that such purchase or acquisition will not cause this Agreement or the Revolving Credit Notes to be in violation of Regulations Regulation G, T, U, X or any other regulation of the Federal Reserve Board then in effect.
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Acquisition of Margin Securities. The No Borrower shall not own, purchase or acquire (or enter into any contract to purchase or acquire) any "margin security" as defined by any regulation of the Federal Reserve Board as now in effect or as the same may hereafter be in effect UNLESSunless, prior to any such purchase or acquisitionacquisition or entering into any such contract, the Administrative Agent and each Lender shall have received a satisfactory an opinion of counsel satisfactory to Agent and each Lender to the effect that such purchase or acquisition will not cause this Agreement or the Notes to be in violation of Regulations GRegulation U, T, U, X or any other regulation of the Federal Reserve Board then in effect.
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Acquisition of Margin Securities. The Borrower shall not own, purchase or acquire (or enter into any contract to purchase or acquire) any "margin security" ", other than of OMC, as defined by any regulation of the Federal Reserve Board as now in effect or as the same may hereafter be in effect UNLESSunless, prior to any such purchase or acquisitionacquisition or entering into any such contract, the Administrative Agent Lenders shall have received a satisfactory an opinion of counsel satisfactory to Lenders to the effect that such purchase or acquisition will not cause this Agreement or the Notes to be in violation of Regulations Regulation G, T, U, X or any other regulation of the Federal Reserve Board then in effect.
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Acquisition of Margin Securities. The Borrower shall not own, purchase or acquire (or enter into any contract Contract to purchase or acquire) any "margin security" as defined by any regulation of the Federal Reserve Board as now in effect or as the same may hereafter be in effect UNLESSunless, prior to any such purchase or acquisitionacquisition or entering into any such contract, the Administrative Agent National City shall have received a satisfactory an opinion of counsel satisfactory to National City to the effect that such purchase or acquisition will not cause this Agreement or the Notes to be in violation of Regulations Regulation G, T, U, X or any other regulation of the Federal Reserve Board then in effect.
Appears in 1 contract
Samples: Credit Agreement (Developers Diversified Realty Corp)