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

Federal Reserve Regulations; Use of Proceeds. (a) Borrower is not engaged principally in, nor as one of their important activities, the business of extending credit for the purpose of purchasing or carrying any “margin stock” (within the meaning of Regulation U of the Board of Governors of the Federal Reserve System of the United States, as amended to the date hereof). If requested by the Bank, the Borrower will furnish to the Bank such a statement on Federal Reserve Form U-1. (b) No part of the proceeds of any Revolving Credit Loan will be used, whether directly or indirectly, and whether immediately, incidentally or ultimately, (i) to purchase or to carry margin stock or to extend credit to others for the purpose of purchasing or carrying margin stock, or to refund indebtedness originally incurred for such purposes, or (ii) for any purpose which violates or is inconsistent with the provisions of the Regulations T, U, or X of the Board of Governors of The Federal Reserve System. (c) The proceeds of each Revolving Credit Loan shall be used solely for the purposes permitted under Section 3.2.

Federal Reserve Regulations; Use of Proceeds. (a) Borrower Neither the Company nor any of its Subsidiaries is not engaged principally in, nor has as one of their its important activities, the business of extending credit for the purpose of purchasing or carrying any “"margin stock” " (within the meaning of Regulation U of the Board of Governors of the Federal Reserve System of the United States, as amended from time to the date hereoftime). If requested by the Bank, the Borrower will furnish to the Bank such a statement on Federal Reserve Form U-1. (b) No part of the proceeds of any Revolving Credit Loan and no other extension of credit hereunder will be used, whether directly or indirectly, and whether immediately, incidentally or ultimately, (i) to purchase or to carry margin stock or to extend credit to others for the purpose of purchasing or carrying margin stock, or to refund indebtedness originally incurred for such purposes, or (ii) for any purpose which violates or is inconsistent with the provisions of the Regulations Regulation T, ,U, or X of the Board of Governors of The the Federal Reserve System. (c) The proceeds of each Revolving Credit Loan Loan, and each other extension of credit hereunder shall be used solely for the purposes permitted under Section 3.23.02.

Federal Reserve Regulations; Use of Proceeds. (a) Borrower Neither the Company nor any Subsidiary of the Company is not engaged principally in, nor has as one of their its important activities, the business of extending extending, maintaining or arranging credit for the purpose of purchasing or carrying any “margin stock” (within the meaning of Regulation U of the Board of Governors of the Federal Reserve System of the United States, as amended from time to the date hereoftime). If requested by the Bank, the Borrower will furnish to the Bank such a statement on Federal Reserve Form U-1. (b) No part of the proceeds of any Revolving Credit Loan and no other extension of credit hereunder will be used, whether directly or indirectly, and whether immediately, incidentally or ultimately, (i) to purchase or to carry margin stock or to extend credit to others for the purpose of purchasing or carrying margin stock, or to refund indebtedness originally incurred for such purposes, or (ii) for any purpose which violates or is inconsistent with the provisions of the Regulations Regulation T, U, or X of the Board of Governors of The the Federal Reserve System. (c) The proceeds of each Revolving Credit Loan Loan, and each other extension of credit hereunder, shall be used solely for the purposes permitted under Section 3.23.02 hereof.

Federal Reserve Regulations; Use of Proceeds. (a) Neither Borrower is not engaged principally in, nor as one of their its important activities, the business of extending credit for the purpose of purchasing or carrying any “margin stock” (within the meaning of Regulation U of the Board of Governors of the Federal Reserve System of the United States, as amended to the date hereof). If requested by the Bank, the Borrower Borrowers will furnish to the Bank such a statement on Federal Reserve Form U-1. (b) No part of the proceeds of any Revolving Credit the Term Loan will be used, whether directly or indirectly, and whether immediately, incidentally or ultimately, (i) to purchase or to carry margin stock or to extend credit to others for the purpose of purchasing or carrying margin stock, or to refund indebtedness originally incurred for such purposes, or (ii) for any purpose which violates or is inconsistent with the provisions of the Regulations T, U, or X of the Board of Governors of The Federal Reserve System. (c) The proceeds of each Revolving Credit Term Loan shall be used solely for the purposes permitted under Section 3.2.

Federal Reserve Regulations; Use of Proceeds. (a) Borrower Neither the Company nor any Guarantor is not engaged principally in, nor has as one of their its important activities, the business of extending credit for the purpose of purchasing or carrying any “margin stock” (within the meaning of Regulation U of the Board of Governors of the Federal Reserve System of the United States, as amended to the date hereof). If requested by the Bank, the Borrower Company will, and will cause each Guarantor to, furnish to the Bank such a statement on Federal Reserve Form U-1. (b) No part of the proceeds of any Revolving Credit Loan will be used, whether directly or indirectly, and whether immediately, incidentally or ultimately, (i) to purchase or to carry margin stock or to extend credit to others for the purpose of purchasing or carrying margin stock, or to refund indebtedness originally incurred for such purposes, or (ii) for any purpose which violates or is inconsistent with the provisions of the Regulations T, U, or X of the Board of Governors of The Federal Reserve System. (c) The proceeds of each Revolving Credit Loan the Loans shall be used solely for the purposes permitted under Section 3.23.02.

Federal Reserve Regulations; Use of Proceeds. (a) Borrower Neither ELM nor any of its Subsidiaries is not engaged principally in, nor has as one of their its important activities, the business of extending credit for the purpose of purchasing or carrying any “"margin stock” " (within the meaning of Regulation U of the Board of Governors of the Federal Reserve System of the United States, as amended from time to the date hereoftime). If requested by the Bank, the Borrower will furnish to the Bank such a statement on Federal Reserve Form U-1. (b) No part of the proceeds of any Revolving Credit Loan and no other extension of credit hereunder will be used, whether directly or indirectly, and whether immediately, incidentally or ultimately, (i) to purchase or to carry margin stock or to extend credit to others for the purpose of purchasing or carrying margin stock, or to refund indebtedness originally incurred for such purposes, or (ii) for any purpose which violates or is inconsistent with the provisions of the Regulations Regulation T, U, or X of the Board of Governors of The the Federal Reserve System. (c) The proceeds of each Revolving Credit Loan Loan, and each other extension of credit hereunder shall be used solely for the purposes permitted under Section 3.23.02.

Federal Reserve Regulations; Use of Proceeds. (a) Borrower Group is not engaged principally in, nor has as one of their its important activities, the business of extending credit for the purpose of purchasing or carrying any “margin stock” (within the meaning of Regulation U of the Board of Governors of the Federal Reserve System of the United States, as amended to the date hereof). If requested by the Bank, the Borrower will furnish to the Bank such a statement on Federal Reserve Form U-1. (b) No part of the proceeds of any Revolving Credit Loan will be used, whether directly or indirectly, and whether immediately, incidentally or ultimately, (i) to purchase or to carry margin stock or to extend credit to others for the purpose of purchasing or carrying margin stock, or to refund indebtedness originally incurred for such purposes, or (ii) for any purpose which violates or is inconsistent with the provisions of the Regulations T, U, or X of the Board of Governors of The Federal Reserve System. (c) The proceeds of each Revolving Credit Loan shall be used solely for the purposes permitted under Section 3.2.

Federal Reserve Regulations; Use of Proceeds. (a) Borrower Group is not engaged principally in, nor has as one of their its important activities, the business of extending credit for the purpose of purchasing or carrying any “margin stock” (within the meaning of Regulation U of the Board of Governors of the Federal Reserve System of the United States, as amended to the date hereof). If requested by the Bank, the Borrower Borrowers will furnish to the Bank such a statement on Federal Reserve Form U-1. (b) No part of the proceeds of any Revolving Credit Loan will be used, whether directly or indirectly, and whether immediately, incidentally or ultimately, (i) to purchase or to carry margin stock or to extend credit to others for the purpose of purchasing or carrying margin stock, or to refund indebtedness originally incurred for such purposes, or (ii) for any purpose which violates or is inconsistent with the provisions of the Regulations T, U, or X of the Board of Governors of The Federal Reserve System. (c) The proceeds of each Revolving Credit Loan shall be used solely for the purposes permitted under Section 3.2.

Federal Reserve Regulations; Use of Proceeds. (a) Borrower Neither the Company nor any Subsidiary of the Company is not engaged principally in, nor has as one of their its important activities, the business of extending extending, maintaining or arranging credit for the purpose of purchasing or carrying any “"margin stock” " (within the meaning of Regulation U of the Board of Governors of the Federal Reserve System of the United States, as amended from time to the date hereoftime). If requested by the Bank, the Borrower will furnish to the Bank such a statement on Federal Reserve Form U-1. (b) No part of the proceeds of any Revolving Credit Loan and no other extension of credit hereunder will be used, whether directly or indirectly, and whether immediately, incidentally or ultimately, (i) to purchase or to carry margin stock or to extend credit to others for the purpose of purchasing or carrying margin stock, or to refund indebtedness originally incurred for such purposes, or (ii) for any purpose which violates or is inconsistent with the provisions of the Regulations Regulation T, U, or X of the Board of Governors of The the Federal Reserve System. (c) The proceeds of each Revolving Credit Loan Loan, and each other extension of credit hereunder shall be used solely for the purposes permitted under Section 3.23.02 hereof.

Federal Reserve Regulations; Use of Proceeds. (a) Borrower Neither the Company nor any Guarantor is not engaged principally in, nor has as one of their its important activities, the business of extending credit for the purpose of purchasing or carrying any “‘‘margin stock” ’’ (within the meaning of Regulation U of the Board of Governors of the Federal Reserve System of the United States, as amended to the date hereof). If requested by the Bank, the Borrower Company will, and will cause each Guarantor to, furnish to the Bank such a statement on Federal Reserve Form U-1. (b) No part of the proceeds of any Revolving Credit the Term Loan will be used, whether directly or indirectly, and whether immediately, incidentally or ultimately, (i) to purchase or to carry margin stock or to extend credit to others for the purpose of purchasing or carrying margin stock, or to refund indebtedness originally incurred for such purposes, or (ii) for any purpose which violates or is inconsistent with the provisions of the Regulations T, U, or X of the Board of Governors of The Federal Reserve System. (c) The proceeds of each Revolving Credit the Term Loan shall be used solely for the purposes permitted under Section 3.23.02.

Federal Reserve Regulations; Use of Proceeds. (a) Borrower Neither the Company nor any Subsidiary of the Company is not engaged principally in, nor has as one of their its important activities, the business of extending extending, maintaining or arranging credit for the purpose of purchasing or carrying any “"margin stock” " (within the meaning of Regulation U of the Board of Governors of the Federal Reserve System of the United States, as amended from time to the date hereoftime). If requested by the Bank, the Borrower will furnish to the Bank such a statement on Federal Reserve Form U-1. (b) No part of the proceeds of any Revolving Credit Loan and no other extension of credit hereunder will be used, whether directly or indirectly, and whether immediately, incidentally or ultimately, (i) to purchase or to carry margin stock or to extend credit to others for the purpose of purchasing or carrying margin stock, or to refund indebtedness originally incurred for such purposes, or (ii) for any purpose which violates or is inconsistent with the provisions of the Regulations Regulation T, U, or X of the Board of Governors of The the Federal Reserve System. (c) The proceeds of each Revolving Credit Loan Loan, and each other extension of credit hereunder, shall be used solely for the purposes permitted under Section 3.23.02 hereof.

Federal Reserve Regulations; Use of Proceeds. (a) Borrower Neither the Company nor any of its Subsidiaries is not engaged principally in, nor has as one of their its important activities, the business of extending credit for the purpose of purchasing or carrying any “margin stock” (within the meaning of Regulation U of the Board of Governors of the Federal Reserve System of the United States, as amended to the date hereof). If requested by the Bank, the Borrower Company will, and will cause each of its Subsidiaries to, furnish to the Bank such a statement on Federal Reserve Form U-1. (b) No part of the proceeds of any Revolving Credit Loan will be used, whether directly or indirectly, and whether immediately, incidentally or ultimately, (i) to purchase or to carry margin stock or to extend credit to others for the purpose of purchasing or carrying margin stock, or to refund indebtedness originally incurred for such purposes, or (ii) for any purpose which violates or is inconsistent with the provisions of the Regulations T, U, or X of the Board of Governors of The Federal Reserve System. (c) The proceeds of each Revolving Credit Loan shall be used solely for the purposes permitted under Section 3.2.