Common use of Exchange Act Compliance; Regulations T, U and X Clause in Contracts

Exchange Act Compliance; Regulations T, U and X. None of the transactions contemplated herein or in any other Loan Document (including the use of proceeds from the sale of any item in the Collateral) will violate or result in a violation of Section 7 of the Exchange Act or Regulations T, U and X of the Board of Governors of the Federal Reserve System, 12 C.F.R., Chapter II. The Borrower does not own or intend to carry or purchase, and no proceeds from the advances hereunder will be used to carry or purchase, any Margin Stock or to extend “purpose credit” within the meaning of Regulation U.

Exchange Act Compliance; Regulations T, U and X. None of the transactions contemplated herein or in any other Loan Document (including the use of proceeds from the sale of any item in the Collateral) will violate or result in a violation of Section 7 of the Securities Exchange Act Act, or any regulations issued pursuant thereto, including, without limitation, Regulations T, U and X of the Board of Governors of the Federal Reserve System, 12 C.F.R., Chapter II. The Borrower Seller does not own or intend to carry or purchase, and no proceeds from the advances hereunder Advances will be used to carry or purchase, any Margin Stock “margin stock” within the meaning of Regulation U or to extend “purpose credit” within the meaning of Regulation U.

Exchange Act Compliance; Regulations T, U and X. None of the transactions contemplated herein or in any other Loan Document (including the use of proceeds from the sale of any item in the Collateral) will violate or result in a violation of Section 7 of the Securities Exchange Act Act, or any regulations issued pursuant thereto, including, without limitation, Regulations T, U and X of the Board of Governors of the Federal Reserve System, 12 C.F.R., Chapter II. The Borrower Servicer does not own or intend to carry or purchase, and no proceeds from the advances hereunder Advances will be used to carry or purchase, any Margin Stock “margin stock” within the meaning of Regulation U or to extend “purpose credit” within the meaning of Regulation U.

Exchange Act Compliance; Regulations T, U and X. None of the transactions contemplated herein or in any the other Loan Document Transaction Documents (including the use of proceeds Proceeds from the sale of any item in the Collateral) will violate or result in a violation of Section 7 of the Exchange Act or Regulations T, U and X of the Board of Governors of the Federal Reserve System, 12 C.F.R., Chapter II. The Borrower does not own or intend to carry or purchase, and no proceeds from the advances hereunder Advances will be used to carry or purchase, any Margin Stock “margin stock” within the meaning of Regulation U or to extend “purpose credit” within the meaning of Regulation U.

Exchange Act Compliance; Regulations T, U and X. None of the transactions contemplated herein or in any the other Loan Document Transaction Documents (including the use of proceeds Proceeds from the sale of any item in the CollateralCollateral Portfolio) will violate or result in a violation of Section 7 of the Exchange Act or Regulations T, U and X of the Board of Governors of the Federal Reserve System, 12 C.F.R., Chapter II. The Borrower Such Loan Party does not own or intend to carry or purchase, and no proceeds from the advances hereunder Advances will not be used to carry or purchase, any Margin Stock “margin stock” within the meaning of Regulation U or to extend “purpose credit” within the meaning of Regulation U.

Exchange Act Compliance; Regulations T, U and X. None of the transactions contemplated herein or in any other Loan Document (including the use of proceeds from the sale of any item in the Collateral) will violate or result in a violation of Section 7 of the Securities Exchange Act Act, or any regulations issued pursuant thereto, including, without limitation, Regulations T, U and X of the Board of Governors of the Federal Reserve System, 12 C.F.R., Chapter II. The Borrower Seller does not own or intend to carry or purchase, and no proceeds from the advances hereunder Advance will be used to carry or purchase, any Margin Stock “margin stock” within the meaning of Regulation U or to extend “purpose credit” within the meaning of Regulation U.

Exchange Act Compliance; Regulations T, U and X. None of the transactions contemplated herein or in any other Loan Document (including the use of proceeds from the sale of any item in the Collateral) will violate or result in a violation of Section 7 of the Securities Exchange Act Act, or any regulations issued pursuant thereto, including, without limitation, Regulations T, U and X of the Board of Governors of the Federal Reserve System, 12 C.F.R., Chapter II. The Borrower Servicer does not own or intend to carry or purchase, and no proceeds from the advances hereunder Advance will be used to carry or purchase, any Margin Stock “margin stock” within the meaning of Regulation U or to extend “purpose credit” within the meaning of Regulation U.

Exchange Act Compliance; Regulations T, U and X. None of the transactions contemplated herein or in any the other Loan Document Transaction Documents (including including, the use of proceeds from of the sale of any item in the CollateralAdvances) will violate or result in a violation of Section 7 of the Exchange Act Act, or any regulations issued pursuant thereto, including, Regulations T, U and X of the Board of Governors of the Federal Reserve System, 12 C.F.R., Chapter II. The Borrower does not own or intend to carry or purchase, and no proceeds from the advances hereunder Advances will be used to carry or purchase, any Margin Stock or to extend “"purpose credit” " within the meaning of Regulation U.

Exchange Act Compliance; Regulations T, U and X. None of the transactions contemplated herein or in any the other Loan Document (including the use of proceeds from the sale of any item in the Collateral) Transaction Documents will violate or result in a violation of Section 7 of the Exchange Act Act, or any regulations issued pursuant thereto, including, without limitation, Regulations T, U and X of the Board of Governors of the Federal Reserve System, 12 C.F.R., Chapter II. The Borrower does not own or intend to carry or purchase, and no proceeds from the advances hereunder Advances will be used to carry or purchase, any Margin Stock “margin stock” within the meaning of Regulation U or to extend “purpose credit” within the meaning of Regulation U.

Exchange Act Compliance; Regulations T, U and X. None of the transactions contemplated herein or in any the other Loan Document Transaction Documents (including including, the use of proceeds from of the sale of any item in the CollateralAdvances) will violate or result in a violation of Section 7 of the Exchange Act Act, or any regulations issued pursuant thereto, including, Regulations T, U and X of the Board of Governors of the Federal Reserve System, 12 C.F.R., Chapter II. The Borrower does not own or intend to carry or purchase, and no proceeds from the advances hereunder Advances will be used to carry or purchase, any Margin Stock or to extend “purpose credit” within the meaning of Regulation U.

Exchange Act Compliance; Regulations T, U and X. None of the transactions The Transaction contemplated herein or in any other Loan Document (including including, without limitation, the use of the proceeds from the sale of any item in the CollateralNote and the other Purchased Items) will not violate or result in a violation of Section 7 of the Exchange Act Act, or any regulations issued pursuant thereto, including, without limitation, Regulations T, U and X of the Board of Governors of the Federal Reserve System, 12 C.F.R., Chapter II. X. The Borrower Seller does not own or intend to carry or purchase, and no proceeds from the advances hereunder Transaction will be used to carry or purchase, any Margin Stock “margin stock” within the meaning of Regulation U or to extend “purpose credit” within the meaning of Regulation U.