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

Federal Reserve Regulations; Use of Loan Proceeds. 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. No part of the proceeds of the Loans will be used, directly or indirectly, for a purpose which violates any law, rule or regulation of any governmental body, including without limitation the provisions of Regulations G, U, or X of the Board of Governors of the Federal Reserve System, as amended. No part of the proceeds of the Loans will be used, directly or indirectly, to purchase or carry any Margin Stock or to extend credit to others for the purpose of purchasing or carrying any Margin Stock. Following application of the proceeds of each Loan, no more than twenty-four percent (24%) of the value of the assets of Borrower will be Margin Stock.

Federal Reserve Regulations; Use of Loan Proceeds. Neither the Borrower nor any of the Material 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. No part of the proceeds of the Loans will be used, directly or indirectly, (i) for a purpose which violates any law, rule or regulation of any governmental bodyGovernmental Authority, including without limitation the provisions of Regulations GT, U, U or X of the Board of Governors of the Federal Reserve System, as amended. No part of the proceeds of the Loans will be used, directly or indirectly, (ii) to purchase or carry any Margin Stock or to extend credit to others for the purpose of purchasing or carrying Margin Stock or (iii) to fund a personal loan to or for the benefit of a director or executive officer of a Borrower or any Margin Stock. Following application of the proceeds of each Loan, no more than twenty-four percent (24%) of the value of the assets of Borrower will be Margin StockSubsidiary.

Federal Reserve Regulations; Use of Loan Proceeds. No 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. No part of the proceeds of the Loans will be used, directly or indirectly, for a purpose which violates any law, rule or regulation of any governmental body, including without limitation the provisions of Regulations G, T, U, or X of the Board of Governors of the Federal Reserve System, as amended. No part of the proceeds of the Loans will be used, directly or indirectly, to purchase or carry any Margin Stock or to extend credit to others for the purpose of purchasing or carrying any Margin Stock. Following application of the proceeds of each Loan, no more than twenty-four 25 percent (24%) of the value of the assets of Borrower the Borrowers will be Margin Stock.

Federal Reserve Regulations; Use of Loan Proceeds. Neither the Borrower nor any of the Restricted 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. No part of the proceeds of the Loans will be used, directly or indirectly, (i) for a purpose which violates any law, rule or regulation of any governmental bodyGovernmental Authority, including without limitation the provisions of Regulations GT, U, U or X of the Board of Governors of the Federal Reserve System, as amended. No part of the proceeds of the Loans will be used, directly or indirectly, (ii) to purchase or carry any Margin Stock or to extend credit to others for the purpose of purchasing or carrying Margin Stock or (iii) to fund a personal loan to or for the benefit of a director or executive officer of a Borrower or any Margin Stock. Following application of the proceeds of each Loan, no more than twenty-four percent (24%) of the value of the assets of Borrower will be Margin StockSubsidiary.

Federal Reserve Regulations; Use of Loan Proceeds. Borrower is The Companies are not engaged principally, or as one of its their important activities, in the business of extending credit for the purpose of purchasing or carrying any Margin Stock. No part of the proceeds of the Loans will be used, directly or indirectly, for a purpose which violates any law, rule or regulation of any governmental body, including including, without limitation limitation, the provisions of Regulations G, U, U or X of the Board of Governors of the Federal Reserve System, as amended. No part of the proceeds of the Loans will be used, directly or indirectly, to purchase or carry any Margin Stock or to extend credit to others for the purpose of purchasing or carrying any Margin Stock. Following application of the proceeds of each Loan, no not more than twenty-four ten percent (2410%) of the value of the assets of Borrower the Companies and their subsidiaries on a consolidated basis will be Margin Stock.