Common use of Federal Regulation Clause in Contracts

Federal Regulation. No part of the proceeds of the Loan are being or are to be used for any purpose which violates the provisions of Regulation G, T, U or X of the Board of Governors of the Federal Reserve System. Neither the Company nor any of its Subsidiaries is engaged or will engage, 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 respective meanings of each of the quoted terms under said Regulation U. SECTION

Federal Regulation. No part of the proceeds of the Loan are being or are to be used for any purpose which violates the provisions of Regulation G, T, U or X of the Board of Governors of the Federal Reserve System. Neither the Company nor any of its Subsidiaries is engaged or will engage, 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 respective meanings of each of the quoted terms under said Regulation U. SECTIONU.

Federal Regulation. No part of the proceeds of any of the Term Loan are being or are to 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 of Governors of the Federal Reserve SystemBoard. Neither the Company Borrower nor any of its Subsidiaries is engaged or will engage, 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 respective meanings of each of the quoted terms under said Regulation U. SECTIONU.

Federal Regulation. No part of the proceeds of the Loan are being or are to will be used for any purpose which violates the provisions of Regulation G, T, U or X of the Board of Governors of the Federal Reserve SystemBoard. Neither the Company nor any of its Subsidiaries The Borrower is not engaged or and will not engage, 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 respective meanings of each of the quoted terms under said Regulation U. SECTIONU.

Federal Regulation. No part of the proceeds of any of the Loan are being or are to Loans 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 of Governors of the Federal Reserve SystemBoard. Neither the Company nor any of its Subsidiaries is engaged or will engage, 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 respective meanings of each of the quoted terms under said Regulation U. SECTIONU.