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

Compliance with Regulations T, U and X. The Borrower is not engaged principally or as one of its important activities in the business of extending credit for the purpose of purchasing or carrying any margin stock within the meaning of Regulations T, U and X of the Board of Governors of the Federal Reserve System. No more than 25% of the assets of the Borrower and its Subsidiaries will be margin stock. None of the Borrower and its Subsidiaries nor any agent acting on their behalf, have taken or will knowingly take any action which might cause this Agreement or any other Loan Documents to violate any regulation of the Board of Governors of the Federal Reserve System or to violate the Securities Exchange Act of 1934, in each case as in effect now or as the same may hereafter be in effect. Neither the making of any Advances, the issuance of any Letters of Credit nor the application of any proceeds thereof will violate, or be inconsistent with, the provisions of Regulations T, U and X of the Board of Governors of the Federal Reserve System.

Compliance with Regulations T, U and X. The Borrower is not engaged principally or as one of its important activities in the business of extending credit for the purpose of purchasing or carrying any margin stock within the meaning of Regulations T, U and X of the Board of Governors of the Federal Reserve System. No more than 25% of the assets of the Borrower and its Subsidiaries will be are margin stock. None of the Borrower and its Subsidiaries nor any agent acting on their behalf, have taken or will knowingly take any action which might cause the Borrower, the Lenders, this Agreement or any other Loan Documents Document to violate any regulation of the Board of Governors of the Federal Reserve System or to violate the Securities Exchange Act of 1934Act, in each case as in effect now or as the same may hereafter be in effect. Neither the making of any Advances, the issuance of any Letters of Credit Advances nor the application of any proceeds thereof will violate, or be inconsistent with, the provisions of Regulations T, U and X of the Board of Governors of the Federal Reserve System.

Compliance with Regulations T, U and X. The Borrower is not engaged principally or as one of its important activities in the business of extending credit for the purpose of purchasing or carrying any margin stock within the meaning of Regulations T, U and X of the Board of Governors of the Federal Reserve System. No more than 25% of the assets of the Borrower and its Subsidiaries will be are margin stock. None of the Borrower and its Subsidiaries nor any agent acting on their behalf, have taken or will knowingly take any action which might cause the Borrower, the Lenders, this Agreement or any other Loan Documents Document to violate any regulation of the Board of Governors of the Federal Reserve System or to violate the Securities Exchange Act of 1934Act, in each case as in effect now or as the same may hereafter be in effect. Neither the making of any Advances, the issuance or extension of any Letters of Credit nor the application of any proceeds thereof will violate, or be inconsistent with, the provisions of Regulations T, U and X of the Board of Governors of the Federal Reserve System.

Compliance with Regulations T, U and X. The Borrower is not engaged -------------------------------------- principally or as one of its important activities in the business of extending credit for the purpose of purchasing or carrying any margin stock within the meaning of Regulations T, U and X of the Board of Governors of the Federal Reserve System. No more than 25% of the assets of the Borrower and its Subsidiaries will be consist of margin stock. None of the Borrower and its Subsidiaries nor any agent acting on their behalf, have taken or will knowingly take any action which might cause this Agreement or any other Loan Documents to violate any regulation of the Board of Governors of the Federal Reserve System or to violate the Securities Exchange Act of 1934, in each case as in effect now or as the same may hereafter be in effect. Neither the making of any Advances, the issuance of any Letters of Credit Advances nor the application use of any the proceeds thereof will violate, or be inconsistent with, the provisions of Regulations T, U and or X of the said Board of Governors of the Federal Reserve SystemGovernors.