Common use of Compliance with Federal Reserve Regulations Clause in Contracts

Compliance with Federal Reserve Regulations. Except for systematic stock repurchase programs from time to time conducted by the Company, neither the Company nor any Foreign Borrower shall use any part of the proceeds of any credit extended under this Credit Agreement or the other Credit Documents to purchase or carry, or to reduce or retire any Indebtedness incurred to purchase or carry, any margin stock (as defined in Regulation U of the Board of Governors of the Federal Reserve System) or to extend credit to any Person for the purpose of purchasing or carrying any margin stock.

Compliance with Federal Reserve Regulations. Except for systematic stock repurchase programs from time to time conducted by the CompanyBorrower, neither the Company nor any Foreign Borrower shall not use any part of the proceeds of any credit extended under this Credit Agreement or the other Credit Documents to purchase or carry, or to reduce or retire any Indebtedness incurred to purchase or carry, any margin stock (as defined in Regulation U of the Board of Governors of the Federal Reserve System) or to extend credit to any Person for the purpose of purchasing or carrying any margin stock.

Compliance with Federal Reserve Regulations. Except for systematic stock repurchase programs from time to time conducted by the Company, neither the Company nor any Foreign Borrower shall not use any part of the proceeds of any credit extended under this Credit Agreement or the other Credit Documents to purchase or carry, or to reduce or retire any Indebtedness incurred to purchase or carry, any margin stock (as defined in Regulation U of the Board of Governors of the Federal Reserve System) or to extend credit to any Person for the purpose of purchasing or carrying any margin stock.