Certain Legal Matters. (a) Neither the Borrower nor any Subsidiary is (i) an "investment company" as defined in, or subject to regulation under, the Investment Company Act of 1940 or (ii) a "holding company" as defined in, or subject to regulation under, the Public Utility Holding Company Act of 1935. (b) Neither the Borrower nor any Subsidiary is engaged principally, or as one of its important activities, in the business of extending credit for the purpose of buying or carrying margin stock, within the meaning of Regulation U of the Board. Margin stock will at all times constitute less than 25% of the assets of the Borrower individually and the Borrower and the Subsidiaries on a consolidated basis that are subject to the restrictions of Section 6.01 and 6.
Appears in 2 contracts
Samples: Credit Agreement (Belo Corp), Credit Agreement (Belo a H Corp)
Certain Legal Matters. (a) Neither the Borrower nor any Subsidiary is (i) an "“investment company" ” as defined in, or subject to regulation under, the Investment Company Act of 1940 or (ii) a "“holding company" ” as defined in, or subject to regulation under, the Public Utility Holding Company Act of 1935.
(b) Neither the Borrower nor any Subsidiary is engaged principally, or as one of its important activities, in the business of extending credit for the purpose of buying or carrying margin stock, within the meaning of Regulation U of the Board. Margin stock will at all times constitute less than 25% of the assets of the Borrower individually and the Borrower and the Subsidiaries on a consolidated basis that are subject to the restrictions of Section 6.01 and 66.02.
Appears in 2 contracts
Samples: Credit Agreement (Belo Corp), Five Year Competitive Advance and Revolving Credit Facility Agreement (Belo Corp)
Certain Legal Matters. (a) Neither the Borrower Company nor any Subsidiary is (i) an "investment company" as defined in, or subject to regulation under, the Investment Company Act of 1940 or (ii) a "holding company" as defined in, or subject to regulation under, the Public Utility Holding Company Act of 1935.
(b) Neither the Borrower Company nor any Subsidiary is engaged principally, or as one of its important activities, in the business of extending credit for the purpose of buying or carrying margin stock, within the meaning of Regulation U of the Board. Margin stock will at all times constitute less than 25% of the assets (of the Borrower individually and of the Borrower and the Subsidiaries on a consolidated basis basis) that are subject to the restrictions of Section 6.01 6.02 and 66.03.
Appears in 1 contract
Samples: Credit Agreement (Sunbeam Corp/Fl/)
Certain Legal Matters. (a) Neither the Borrower nor any Subsidiary is (i) an "investment company" as defined in, or subject to regulation under, the Investment Company Act of 1940 or (ii) a "holding company" as defined in, or subject to regulation under, the Public Utility Holding Company Act of 1935.. 34 30
(b) Neither the Borrower nor any Subsidiary is engaged principally, or as one of its important activities, in the business of extending credit for the purpose of buying or carrying margin stock, within the meaning of Regulation U of the Board. Margin stock will at all times constitute less than 25% of the assets of the Borrower individually and the Borrower and the Subsidiaries on a consolidated basis that are subject to the restrictions of Section 6.01 and 6.
Appears in 1 contract
Samples: Credit Agreement (Belo a H Corp)
