Common use of Federal Reserve Regulations; Use of Loan Proceeds Clause in Contracts

Federal Reserve Regulations; Use of Loan Proceeds. Neither the Borrower nor any of its Subsidiaries is 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. After giving effect to the making of each Loan, Margin Stock will constitute less than 25% of the assets (as determined by any reasonable method) of the Borrower and its Subsidiaries.

Appears in 6 contracts

Samples: Credit Agreement (Meta Group Inc), Credit Agreement (Meta Group Inc), Credit Agreement (Meta Group Inc)

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Federal Reserve Regulations; Use of Loan Proceeds. (a) Neither the Borrower nor any of its Subsidiaries is 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. After giving effect to the making of each Loan, Margin Stock will constitute less than 25% of the assets (as determined by any reasonable method) of the Borrower and its Subsidiaries.

Appears in 2 contracts

Samples: Credit Agreement (Furon Co), Furon Co

Federal Reserve Regulations; Use of Loan Proceeds. Neither the Borrower nor any of its Subsidiaries is 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. After giving effect to The Borrower will use the making proceeds of each Loan, Margin Stock will constitute less than 25% all Loans and Letters of Credit in compliance with the assets (as determined by any reasonable method) provisions of the Borrower and its SubsidiariesSection 2.8.

Appears in 2 contracts

Samples: Credit Agreement (Building Materials Investment Corp), Credit Agreement (Building Materials Investment Corp)

Federal Reserve Regulations; Use of Loan Proceeds. Neither the Borrower No Borrower, no other Credit Party and nor any of its the Foreign Subsidiaries is 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. After giving effect to the making of each LoanRevolving Credit Loan and the issuance of each Letter of Credit, Margin Stock will constitute less than 25% of the assets (as determined by any reasonable method) of the each Borrower and its Subsidiaries.

Appears in 2 contracts

Samples: Credit Agreement (Gp Strategies Corp), Credit Agreement (Gp Strategies Corp)

Federal Reserve Regulations; Use of Loan Proceeds. Neither the (a) The Borrower nor any of its Subsidiaries 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. After giving effect to the making of each Loan, Margin Stock will constitute less than 25% of the assets (as determined by any reasonable method) of the Borrower and its Subsidiaries.

Appears in 2 contracts

Samples: Credit Agreement (Lincoln Educational Services Corp), Credit Agreement (Lincoln Educational Services Corp)

Federal Reserve Regulations; Use of Loan Proceeds. Neither the Borrower nor any of its Subsidiaries is 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. After giving effect to the making of each Loan, Margin Stock will constitute less than 25% of the assets (as determined by any reasonable method) of the Borrower and its Subsidiaries, subject to Sections 8.2 and 8.4.

Appears in 1 contract

Samples: Credit Agreement (Insight Communications Co Inc)

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Federal Reserve Regulations; Use of Loan Proceeds. Neither the Borrower Company nor any of its Subsidiaries is 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. After giving effect to the making of each LoanLoan and each Letter of Credit, Margin Stock will constitute less than 25% of the assets (as determined by any reasonable method) of the Borrower Company and its Subsidiaries.

Appears in 1 contract

Samples: Credit Agreement (Valmont Industries Inc)

Federal Reserve Regulations; Use of Loan Proceeds. Neither the (a) The Borrower nor any of its Subsidiaries is not engaged principally, or as one of its important principal activities, in the business of extending credit for the purpose of purchasing or carrying any Margin Stock. After giving effect to the making of each Loan, Margin Stock will constitute less than 25% of the assets (as determined by any reasonable method) of the Borrower and its Subsidiaries.

Appears in 1 contract

Samples: Credit Agreement (Lincoln Educational Services Corp)

Federal Reserve Regulations; Use of Loan Proceeds. Neither None of the Borrower Obligors, Foreign Subsidiaries nor any of its Subsidiaries the Borrowers is 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. After giving effect to the making of each LoanRevolving Credit Loan and the issuance of each Letter of Credit, Margin Stock will constitute less than 25% of the assets (as determined by any reasonable method) of the Borrower Borrowers and its their respective Subsidiaries.

Appears in 1 contract

Samples: Credit Agreement (Gp Strategies Corp)

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