Common use of Compliance with Regulations T, U and X Clause in Contracts

Compliance with Regulations T, U and X. No Borrower Party is engaged principally in the business of, or has as one of its important activities, extending credit for the purpose of purchasing or carrying, any “margin security” or “margin stock” as defined in Regulations T, U and X of the Board of Governors of the Federal Reserve System (herein called “Margin Stock”). None of the proceeds of the Loans will be used, directly or indirectly, for the purpose of purchasing or carrying any Margin Stock or for the purpose of reducing or retiring any Funded Debt which was originally incurred to purchase or carry Margin Stock or for any other purpose which might constitute this transaction a “purpose credit” within the meaning of said Regulations T, U and X. If so requested by the Administrative Agent, the Borrowers will furnish the Administrative Agent with (i) a statement or statements in conformity with the requirements of Federal Reserve Form U-1 referred to in Regulation U of said Board of Governors and (ii) other documents evidencing its compliance with the margin regulations reasonably requested by the Administrative Agent. Neither the making of the Loans nor the use of proceeds thereof will violate the provisions of Regulation T, U or X of said Board of Governors.

Compliance with Regulations T, U and X. No Borrower Party or Subsidiary of a Borrower Party is engaged principally in the business of, or has as one of its important activities, activities in the business of extending credit for the purpose of purchasing or carrying, and no Borrower Party or Subsidiary of a Borrower Party owns or presently intends to acquire, any “"margin security” " or “"margin stock” " as defined in Regulations T, U and X of the Board of Governors of the Federal Reserve System (herein called “Margin Stock”"margin stock"). None of the proceeds of the Loans will be used, directly or indirectly, for the purpose of purchasing or carrying any Margin Stock margin stock or for the purpose of reducing or retiring any Funded Debt Indebtedness which was originally incurred to purchase or carry Margin Stock margin stock or for any other purpose which might constitute this transaction a “"purpose credit” " within the meaning of said Regulations T, U and X. If so requested by the Administrative Agent, the Borrowers Borrower Parties or their Subsidiaries, as applicable, will furnish the Administrative Agent with (i) a statement or statements in conformity with the requirements of Federal Reserve Form U-1 referred to in Regulation U of said Board of Governors and (ii) other documents evidencing its compliance with the margin regulations reasonably requested by the Administrative Agent. Neither the making of the Loans nor the use of proceeds thereof will violate the provisions of Regulation T, U or X of said Board of Governors.

Compliance with Regulations T, U and X. No Borrower Party or any Subsidiary of a Borrower Party is engaged principally in the business of, or has as one of its important activities, extending credit for the purpose of purchasing or carrying, and no Borrower Party or any Subsidiary of a Borrower Party owns or presently intends to acquire, any “margin security” or “margin stock” as defined in Regulations T, U and X of the Board of Governors of the Federal Reserve System (herein called “Margin Stock”). None of the proceeds of the Loans will be used, directly or indirectly, for the purpose of purchasing or carrying any Margin Stock or for the purpose of reducing or retiring any Funded Debt which was originally incurred to purchase or carry Margin Stock or for any other purpose which might constitute this transaction a “purpose credit” within the meaning of said Regulations T, U and X. If so requested by the Administrative Agent, the Borrowers will furnish the Administrative Agent with (i) a statement or statements in conformity with the requirements of Federal Reserve Form U-1 referred to in Regulation U of said Board of Governors and (ii) other documents evidencing its compliance with the margin regulations reasonably requested by the Administrative Agent. Neither the making of the Loans nor the use of proceeds thereof will violate violate, or be inconsistent with, the provisions applicable requirements of Regulation T, U or X of said the Board of GovernorsGovernors of the Federal Reserve System.

Compliance with Regulations T, U and X. No Borrower Credit Party is engaged or any Subsidiary of a Credit Party shall engage principally in the business of, or has have as one of its important activities, activities in the business of extending credit for the purpose of purchasing or carrying, and no Credit Party or any “margin security” Subsidiary of a Credit Party shall own or “margin stock” as defined in Regulations Tacquire, U and X of the Board of Governors of the Federal Reserve System (herein called “any Margin Stock”). None No Credit Party or any Subsidiary of a Credit Party shall use the proceeds of the Loans will be usedLoans, directly or indirectly, for the purpose of purchasing or carrying any Margin Stock or for the purpose of reducing or retiring any Funded Debt which was originally incurred to purchase or carry Margin margin Stock or for any other purpose which might constitute constitution this transaction a “purpose credit” within the meaning of said Regulations T, U and X. Each Credit Party will, and will cause each of its Subsidiaries to, comply with the requirements of Regulations T, U or X or any other regulation of the Board of Governors of the Federal Reserve System or to violate the SEA, in each case as now in effect or as the same may hereafter be in effect. If so requested by the Administrative Agent, the Borrowers Credit Parties and their Subsidiaries will furnish the Administrative Agent with (i) a statement or statements in conformity with the requirements of Federal Reserve Form U-1 referred to in Regulation U of said Board of Governors and (ii) other documents evidencing its compliance with the margin regulations reasonably requested by regulations, including without limitation an opinion of counsel in form and substance satisfactory to the Administrative Agent. Neither the making of the Loans nor the use of proceeds thereof will violate the provisions of Regulation T, U or X of said Board of Governors.

Compliance with Regulations T, U and X. No Neither the Borrower Party nor any of its Domestic Subsidiaries is engaged principally in the business ofin, or has as one of its important activities, the business of extending credit for the purpose of purchasing or carrying, and neither the Borrower nor any of its Domestic Subsidiaries owns or presently intends to acquire, any “margin security” or “margin stock” as defined in Regulations T, U U, and X of the Board of Governors of the Federal Reserve System (herein called “Margin Stockmargin stock”). None of the proceeds of the Loans will be used, directly or indirectly, for the purpose of purchasing or carrying any Margin Stock margin stock or for the purpose of reducing or retiring any Funded Debt Indebtedness which was originally incurred to purchase or carry Margin Stock margin stock or for any other purpose which might constitute this transaction a “purpose credit” within the meaning of said Regulations T, U U, and X. If so requested by the Administrative Agent, the Borrowers will furnish the Administrative Agent with (i) a statement or statements in conformity with the requirements of Federal Reserve Form U-1 referred to in Regulation U of said Board of Governors and (ii) other documents evidencing its compliance with the margin regulations reasonably requested by the Administrative Agent. Neither the making of the Loans nor the use of proceeds thereof will violate violate, or be inconsistent with, the provisions of Regulation T, U U, or X of said Board of Governors.