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

Compliance with Regulations T, U and X. Neither the Borrower nor any of its Subsidiaries is engaged principally in or has as one of its important activities the business of extending credit for the purpose of purchasing or carrying any “margin security” or “margin stock” as defined in Regulations T, U, and X (12 C.F.R. Parts 221 and 224) of the Board of Governors of the Federal Reserve System (herein called “Margin Stock”). Neither the Borrower nor any bank acting on its behalf has taken or will take any action which could reasonably be expected to cause this Agreement or any promissory notes issued hereunder to violate Regulation T, U, or X, or any other regulation of the Board of Governors of the Federal Reserve System with respect to Margin Stock, in each case as now in effect or as the same may hereafter be in effect. If so requested by the Administrative Agent or any Lender, the Borrower will furnish the Administrative Agent and the Lenders with (i) a statement or statements in conformity with the requirements of Federal Reserve Form U-l referred to in Regulation U of said Board of Governors and (ii) other documents evidencing its compliance with the margin regulations. Neither the making of the Loans nor the use of proceeds thereof will violate, or be inconsistent with, the provisions of Regulation T, U, or X of said Board of Governors.

Compliance with Regulations T, U and X. Neither the Borrower nor any of its Subsidiaries is engaged principally in or has as one of its important activities the business of extending credit for the purpose of purchasing or carrying any “margin security” or “margin stock” as defined in Regulations T, U, and X (12 C.F.R. Parts 221 and 224) of the Board of Governors of the Federal Reserve System (herein called “Margin Stock”). Neither the Borrower nor any bank acting on its behalf has taken or will take any action which could reasonably be expected to might cause this Agreement or any promissory notes issued hereunder the Notes to violate Regulation T, U, or X, or any other regulation of the Board of Governors of the Federal Reserve System with respect to Margin Stock, in each case as now in effect or as the same may hereafter be in effect. If so requested by the Administrative Agent or any Lender, the Borrower will furnish the Administrative Agent and the Lenders with (i) a statement or statements in conformity with the requirements of Federal Reserve Form U-l referred to in Regulation U of said Board of Governors and (ii) other documents evidencing its compliance with the margin regulations. Neither the making of the Loans nor the use of proceeds thereof will violate, or be inconsistent with, the provisions of Regulation T, U, or X of said Board of Governors.

Compliance with Regulations T, U and X. Neither the Borrower nor any of its Subsidiaries No Credit Party is engaged principally in or has as one of its important activities in the business of extending credit for the purpose of purchasing or carrying carrying, and no Credit Party owns or presently intends to acquire, any “margin security” or “margin stock” as defined in Regulations T, U, U and X (12 C.F.R. Parts 220, 221 and 224) of the Board of Governors of the Federal Reserve System (herein called “Margin Stockmargin stock”). Neither None of the Borrower nor proceeds of the Loans will be used, directly or indirectly, for the purpose of purchasing or carrying any bank acting on its behalf margin stock or for the purpose of reducing or retiring any Indebtedness 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. Each Credit party has taken not taken, caused or authorized to be taken, and will not take any action which could reasonably be expected to might cause this Agreement or any promissory notes issued hereunder other Loan Documents to violate Regulation T, U, U or X, X or any other regulation of the Board of Governors of the Federal Reserve System with respect or to Margin Stockviolate the Securities Exchange Act of 1934, in each case as now in effect or as the same may hereafter be in effect. If so requested by the Administrative Agent or any LenderAgent, the Borrower will furnish the Administrative Agent and the Lenders with (i) a statement or statements in conformity with the requirements of Federal Reserve Form U-l 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, or be inconsistent with, the provisions of Regulation T, U, U or X of said Board of Governors.

Compliance with Regulations T, U and X. Neither the Borrower nor any of its Subsidiaries is engaged principally in or has as one of its important activities the business of extending credit for the purpose of purchasing or carrying any “"margin security” " or “"margin stock” " as defined in Regulations T, U, and X (12 C.F.R. Parts 221 and 224) of the Board of Governors of the Federal Reserve System (herein called “"Margin Stock”"). Neither the Borrower nor any bank acting on its behalf has taken or will take any action which could reasonably be expected to might cause this Agreement or any promissory notes issued hereunder the Notes to violate Regulation T, U, or X, or any other regulation of the Board of Governors of the Federal Reserve System with respect to Margin Stock, in each case as now in effect or as the same may hereafter be in effect. If so requested by the Administrative Agent or any Lender, the Borrower will furnish the Administrative Agent and the Lenders with (i) a statement or statements in conformity with the requirements of Federal Reserve Form U-l referred to in Regulation U of said Board of Governors and (ii) other documents evidencing its compliance with the margin regulations. Neither the making of the Loans nor the use of proceeds thereof will violate, or be inconsistent with, the provisions of Regulation T, U, or X of said Board of Governors.

Compliance with Regulations T, U and X. Neither the Borrower nor any of its Subsidiaries is engaged principally in or has as one of its important activities the business of extending credit for the purpose of purchasing or carrying any “margin security” or “margin stock” as defined in Regulations T, U, and X (12 C.F.R. Parts 221 and 224) of the Board of Governors of the Federal Reserve System (herein called “Margin Stock”). Neither the Borrower nor any bank acting on its behalf has taken or will take any action which could reasonably be expected to cause this Agreement or any promissory notes issued hereunder the Notes to violate Regulation T, U, or X, or any other regulation of the Board of Governors of the Federal Reserve System with respect to Margin Stock, in each case as now in effect or as the same may hereafter be in effect. If so requested by the Administrative Agent or any Lender, the Borrower will furnish the Administrative Agent and the Lenders with (i) a statement or statements in conformity with the requirements of Federal Reserve Form U-l referred to in Regulation U of said Board of Governors and (ii) other documents evidencing its compliance with the margin regulations. Neither the making of the Loans nor the use of proceeds thereof will violate, or be inconsistent with, the provisions of Regulation T, U, or X of said Board of Governors.

Compliance with Regulations T, U and X. Neither the Borrower nor any of its Subsidiaries other Obligor is engaged principally in in, or has as one of its important activities the business of of, extending credit for the purpose of purchasing or carrying carrying, and neither the Borrower nor any “other Obligor owns or currently intends to acquire, any "margin security” " or “"margin stock” " as defined in Regulations T, U, U and X (12 C.F.R. Parts 207, 220, 221 and 224) of the F.R.S. Board of Governors of the Federal Reserve System (herein called “Margin Stock”"margin stock"). Neither 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 Indebtedness that was originally incurred to purchase or carry margin stock or for any other purpose that might constitute this transaction a "purpose credit" within the meaning of said Regulations T, U and X. The Borrower nor any bank acting on its behalf has taken not taken, caused or authorized to be taken, and will not take any action action, which could reasonably be expected to might cause this Agreement or any promissory notes issued hereunder the PIK Notes to violate Regulation T, U, U or X, X or any other regulation of the F.R.S. Board of Governors of or to violate the Federal Reserve System with respect to Margin StockExchange Act, in each case as now in effect or as the same may hereafter be in effect. If so requested by the Administrative Agent or any LenderAgent, the Borrower will shall furnish the Administrative Agent and the Lenders with (ia) a statement or statements in conformity with the requirements of Federal Reserve Form U-l Forms G-3 and/or U-1 referred to in Regulation U of said the F.R.S. Board of Governors and (iib) other documents evidencing its compliance with the margin regulations, reasonably requested by the Agent. Neither the making of the Loans nor the use of proceeds thereof will violate, or be inconsistent with, the provisions revisions of Regulation Regulations T, U, U or X of said Board of Governorsthe F.R.S. Board.

Compliance with Regulations T, U and X. Neither the Borrower nor any of its Subsidiaries other Obligor is engaged principally in in, or has as one of its important activities the business of of, extending credit for the purpose of purchasing or carrying carrying, and neither the Borrower nor any “other Obligor owns or currently intends to acquire, any "margin security” " or “"margin stock” " as defined in Regulations T, U, U and X (12 C.F.R. Parts 207, 220, 221 and 224) of the F.R.S. Board of Governors of the Federal Reserve System (herein called “Margin Stock”"margin stock"). Neither 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 Indebtedness that was originally incurred to purchase or carry margin stock or for any other purpose that might constitute this transaction a "purpose credit" within the meaning of said Regulations T, U and X. The Borrower nor any bank acting on its behalf has taken not taken, caused or authorized to be taken, and will not take any action action, which could reasonably be expected to might cause this Agreement or any promissory notes issued hereunder the Notes to violate Regulation T, U, U or X, X or any other regulation of the F.R.S. Board of Governors of or to violate the Federal Reserve System with respect to Margin StockExchange Act, in each case as now in effect or as the same may hereafter be in effect. If so requested by the Administrative Agent or any LenderAgent, the Borrower will shall furnish the Administrative Agent and the Lenders with (ia) a statement or statements in conformity with the requirements of Federal Reserve Form U-l Forms G-3 and/or U-1 referred to in Regulation U of said the F.R.S. Board of Governors and (iib) other documents evidencing its compliance with the margin regulations, reasonably requested by the Agent. Neither the making of the Loans nor the use of proceeds thereof will violate, or be inconsistent with, the provisions revisions of Regulation Regulations T, U, U or X of said Board of Governorsthe F.R.S. Board.