Common use of Federal Regulation Clause in Contracts

Federal Regulation. No part of the proceeds of any of the Loans and no Letter of Credit will be used for any purpose which violates the provisions of Regulation G, T, U or X of the Board as in effect on the date of making of such Loans or issuance of such Letter of Credit.

Appears in 1 contract

Samples: Credit Agreement (First Brands Corp)

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Federal Regulation. No part of the proceeds of any of the Loans and no or any drawing under a Letter of Credit will be used for any purpose which violates the provisions of Regulation G, T, U or X of the Board Board. Neither the Company nor any of its Subsidiaries is engaged or will engage, principally or as one of its important activities, in effect on the date business of making of such Loans or issuance of such Letter of Credit.53 48

Appears in 1 contract

Samples: Credit Agreement (CSK Auto Corp)

Federal Regulation. No part of the proceeds of any of the Loans and no or any drawing under a Letter of Credit will be used for any purpose which violates the provisions of Regulation G, T, U or X of the Board Board. Neither the Company nor any of its Subsidiaries is engaged or will engage, principally or as one of its important activities, in effect on the date business of making of such Loans or issuance of such Letter of Credit.56 51

Appears in 1 contract

Samples: Credit Agreement (Kragen Auto Supply Co)

Federal Regulation. No part of the proceeds of any of the Loans and no Letter of Credit will be used for any purpose which violates violates, or which would be inconsistent with, the provisions of Regulation G, T, U or X of the Board as in effect on of Governors of the date of making of such Loans or issuance of such Letter of CreditFederal Reserve System.

Appears in 1 contract

Samples: Credit Agreement (American Media Operations Inc)

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Federal Regulation. No part of the proceeds of any of the ------------------ Loans and no or Subordinated Debt or any drawing under a Letter of Credit will be used for any purpose which violates the provisions of Regulation G, T, U or X of the Board as in effect on Board. Neither the date Company nor any of making of such Loans or issuance of such Letter of Credit.its

Appears in 1 contract

Samples: Credit Agreement (Sailors Inc)

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