Common use of Compliance with Federal Reserve Board Regulations Clause in Contracts

Compliance with Federal Reserve Board Regulations. No part of the proceeds of the Loan will be used, and no part of any loan repaid or to be repaid with the proceeds of the Loan was or will be used, directly or indirectly, for the purpose of purchasing or carrying any margin security or margin stock within the meaning of Regulations G or U of the Board of Governors of the Federal Reserve System, or in any manner or under any circumstances which would cause a violation by any person or entity of Regulations G, T, U or X of said Board. The assets of Borrower do not include any margin securities or margin stock and Borrower does not have any present intention of acquiring any such security or stock.

Compliance with Federal Reserve Board Regulations. No part of the proceeds of the Loan .Loan will be used, and no part of any loan repaid or to be repaid with the proceeds of the Loan was or will be used, directly or indirectly, for the purpose of purchasing or carrying any margin security or margin stock within the meaning of Regulations G or U of the Board of Governors of the Federal Reserve System, or in any manner or under any circumstances which would cause a violation by any person or entity of Regulations G, T, U or X of said Board. The assets of Borrower do not include any margin securities or margin stock and Borrower does not have any present intention of acquiring any such security or stock.

Compliance with Federal Reserve Board Regulations. No part of the proceeds of the Loan will be used, and no part of any loan repaid or to be repaid with the proceeds of the Loan was or Loans will be used, directly or indirectly, for the purpose of purchasing or carrying any "margin security or margin stock security" within the meaning of Regulations G or U of the Board of Governors of the Federal Reserve SystemSystem (12 C.F.R. 207, 221), or for the purpose of purchasing or carrying or trading in any manner or securities under such circumstances as to involve any circumstances which would cause Borrower in a violation by any person or entity of Regulations G, T, U or Regulation X of the said BoardBoard (12 C.F.R. 224). The assets of Borrower the Borrowers do not include any margin securities or margin stock securities, and no Borrower does not have has any present intention of acquiring any such security or stockmargin security.