Common use of Government Regulation; Margin Regulations Clause in Contracts

Government Regulation; Margin Regulations. No Credit Party is subject to or regulated under or any federal or state statute, rule or regulation that restricts or limits any Credit Party’s ability to incur Indebtedness, pledge its assets, or to perform its obligations under the Credit Documents. The making of a Loan, the application of the proceeds and repayment thereof, and the consummation of the transactions contemplated by the Credit Documents do not and will not violate any Requirement of Law. No Credit Party is engaged, nor will it engage in the business of extending credit for the purpose of “purchasing” or “carrying” any “margin security” as such terms are defined in Regulation U of the Federal Reserve Board as now and hereafter in effect (such securities being referred to herein as “Margin Stock”). No Credit Party owns Margin Stock, and none of the proceeds of any Loan or other extensions of credit under any Credit Document will be used, directly or indirectly, for the purpose of purchasing or carrying any Margin Stock or reducing or retiring any Indebtedness which was originally incurred to purchase or carry any Margin Stock. No Credit Party will take or permit to be taken any action which might cause any Credit Document to violate any regulation of the Federal Reserve Board.

Appears in 5 contracts

Samples: Loan and Security Agreement (ATRM Holdings, Inc.), Loan and Security Agreement (ATRM Holdings, Inc.), Intellectual Property Security Agreement (Kush Bottles, Inc.)

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Government Regulation; Margin Regulations. No Credit Party is subject to or regulated under or any federal Federal or state statute, rule or regulation that restricts or limits any Credit Partysuch Person’s ability to incur Indebtedness, pledge its assets, or to perform its obligations under the Credit Loan Documents. The making of a Loanthe Revolving Credit Loans, the application of the proceeds and repayment thereof, and the consummation of the transactions contemplated by the Credit Loan Documents do not and will not violate any Requirement of Law. No Credit Party is engaged, nor will it engage engage, in the business of extending credit for the purpose of “purchasing” or “carrying” any “margin security” as such terms are defined in Regulation U of the Federal Reserve Board as now and hereafter in effect (such securities being referred to herein as “Margin Stock”). No Credit Party owns any Margin Stock, and none of the proceeds of any Loan the Revolving Credit Loans or other extensions of credit under any Credit Document this Agreement will be used, directly or indirectly, for the purpose of purchasing or carrying any Margin Stock or reducing or retiring any Indebtedness which that was originally incurred to purchase or carry any Margin Stock. No Credit Party will take or permit to be taken any action which that might cause any Credit Loan Document to violate any regulation of the Federal Reserve Board.

Appears in 3 contracts

Samples: Loan and Security Agreement (FVA Ventures, Inc.), Loan and Security Agreement (FVA Ventures, Inc.), Loan and Security Agreement (FVA Ventures, Inc.)

Government Regulation; Margin Regulations. No Credit Party Grantor is subject to or regulated under or any federal Federal or state statute, rule or regulation that restricts or limits any Credit Partysuch Person’s ability to incur Indebtedness, pledge its assets, or to perform its obligations under the Credit Loan Documents. The making of a the Loan, the application of the proceeds and repayment thereof, and the consummation of the transactions contemplated by the Credit Loan Documents do not and will not violate any Requirement of Law. No Credit Party Grantor is engaged, nor will it engage engage, in the business of extending credit for the purpose of “purchasing” or “carrying” any “margin security” as such terms are defined in Regulation U of the Federal Reserve Board as now and hereafter in effect (such securities being referred to herein as “Margin Stock”). No Credit Party Grantor owns any Margin Stock, and none of the proceeds of any the Loan or other extensions of credit under any Credit Document this Agreement will be used, directly or indirectly, for the purpose of purchasing or carrying any Margin Stock or reducing or retiring any Indebtedness which that was originally incurred to purchase or carry any Margin Stock. No Credit Party Grantor will take or permit to be taken any action which that might cause any Credit Loan Document to violate any regulation of the Federal Reserve Board.

Appears in 3 contracts

Samples: Subordination and Intercreditor Agreement (Volta Inc.), Term Loan, Guarantee and Security Agreement (Volta Inc.), Guarantee and Security Agreement (EVmo, Inc.)

Government Regulation; Margin Regulations. No Credit Party Grantor is subject to or regulated under or any federal Federal or state statute, rule or regulation that restricts or limits any Credit Partysuch Person’s ability to incur Indebtedness, pledge its assets, or to perform its obligations under the Credit Loan Documents. The making of a the Loan, the application of the proceeds and repayment thereof, and the consummation of the transactions contemplated by the Credit Loan Documents do not and will not violate any Requirement of Law. No Credit Party Grantor is engaged, nor will it engage engage, in the business of extending credit for the purpose of “purchasing” or “carrying” any “margin security” as such terms are defined in Regulation U of the Federal Reserve Board as now and hereafter in effect (such securities being referred to herein as “Margin Stock”). No Credit Party Grantor owns any Margin Stock, and none of the proceeds of any the Loan or other extensions of credit under any Credit Document this Agreement will be used, directly or indirectly, for the purpose of purchasing or carrying any Margin Stock or reducing or retiring any Indebtedness which that was originally incurred to purchase or carry any Margin Stock. No Credit Party Grantor will take or permit to be taken any action which that might cause any Credit Loan Document to violate any regulation of the Federal Reserve Board.. 3.9

Appears in 2 contracts

Samples: Loan Agreement (Volta Inc.), Loan Agreement (Volta Inc.)

Government Regulation; Margin Regulations. No Corporate Credit Party is subject to or regulated under or any federal Federal or state statute, rule or regulation that restricts or limits any Credit Partysuch Person’s ability to incur Indebtedness, pledge its assets, or to perform its obligations under the Credit Loan Documents. The making of a Loanthe Loans, the application of the proceeds and repayment thereof, and the consummation of the transactions contemplated by the Credit Loan Documents do not and will not violate any Requirement of Law. No Corporate Credit Party is engaged, nor will it engage engage, in the business of extending credit for the purpose of “purchasing” or “carrying” any “margin security” as such terms are defined in Regulation U of the Federal Reserve Board as now and hereafter in effect (such securities being referred to herein as “Margin Stock”). No Corporate Credit Party owns any Margin Stock, and none of the proceeds of any Loan the Loans or other extensions of credit under any Credit Document this Agreement will be used, directly or indirectly, for the purpose of purchasing or carrying any Margin Stock or reducing or retiring any Indebtedness which that was originally incurred to purchase or carry any Margin Stock. No Corporate Credit Party will take or permit to be taken any action which that might cause any Credit Loan Document to violate any regulation of the Federal Reserve Board.

Appears in 2 contracts

Samples: Loan and Security Agreement (Cover All Technologies Inc), Loan and Security Agreement (House of Taylor Jewelry, Inc.)

Government Regulation; Margin Regulations. No Corporate Credit Party is subject to or regulated under or any federal Federal or state statute, rule or regulation that restricts or limits any Credit Party’s such Person's ability to incur Indebtedness, pledge its assets, or to perform its obligations under the Credit Loan Documents. The making of a Loanthe Loans, the application of the proceeds and repayment thereof, and the consummation of the transactions contemplated by the Credit Loan Documents do not and will not violate any Requirement requirement of Law. No Corporate Credit Party is engaged, nor will it engage in the business of extending credit for the purpose of "purchasing" or "carrying" any "margin security" as such terms are defined in Regulation U of the Federal Reserve Board as now and hereafter in effect (such securities being referred to herein as "Margin Stock"). No Corporate Credit Party owns any Margin Stock, and none of the proceeds of any Loan the Loans or other extensions of credit under any Credit Document this Agreement will be used, directly or indirectly, for the purpose of purchasing or carrying any Margin Stock or reducing or retiring any Indebtedness which was originally incurred to purchase or carry any Margin Stock. No Corporate Credit Party will take or permit to be taken any action which might cause any Credit Loan Document to violate any regulation of the Federal Reserve Board.

Appears in 2 contracts

Samples: Loan and Security Agreement (Harmony Holdings Inc), Loan and Security Agreement (Intelefilm Corp)

Government Regulation; Margin Regulations. No Corporate Credit Party is subject to or regulated under or any federal or state statute, rule or regulation that restricts or limits any Corporate Credit Party’s ability to incur Indebtedness, pledge its assets, or to perform its obligations under the Credit Documents. The making of a Loan, the application of the proceeds and repayment thereof, and the consummation of the transactions contemplated by the Credit Documents do not and will not violate any Requirement of Law. No Corporate Credit Party is engaged, nor will it engage in the business of extending credit for the purpose of “purchasing” or “carrying” any “margin security” as such terms are defined in Regulation U of the Federal Reserve Board as now and hereafter in effect (such securities being referred to herein as “Margin Stock”). No Corporate Credit Party owns Margin Stock, and none of the proceeds of any Loan or other extensions of credit under any Credit Document will be used, directly or indirectly, for the purpose of purchasing or carrying any Margin Stock or reducing or retiring any Indebtedness which was originally incurred to purchase or carry any Margin Stock. No Corporate Credit Party will take or permit to be taken any action which might cause any Credit Document to violate any regulation of the Federal Reserve Board.

Appears in 2 contracts

Samples: Loan and Security Agreement (Digirad Corp), Loan and Security Agreement (Digirad Corp)

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Government Regulation; Margin Regulations. No Corporate Credit Party is -------------------------------------------- subject to or regulated under or any federal Federal or state statute, rule or regulation that restricts or limits any Credit Party’s such Person's ability to incur Indebtedness, pledge its assets, or to perform its obligations under the Credit Loan Documents. The making of a Loanthe Loans, the application of the proceeds and repayment thereof, and the consummation of the transactions contemplated by the Credit Loan Documents do not and will not violate any Requirement of Law. No Corporate Credit Party is engaged, nor will it engage engage, in the business of extending credit for the purpose of "purchasing" or "carrying" any "margin security" as such terms are defined in Regulation U of the Federal Reserve Board as now and hereafter in effect (such securities being referred to herein as "Margin Stock"). No Corporate Credit Party owns any Margin Stock, and none of the proceeds of any Loan the Loans or other extensions of credit under any Credit Document this Agreement will be used, directly or indirectly, for the purpose of purchasing or carrying any Margin Stock or reducing or retiring any Indebtedness which that was originally incurred to purchase or carry any Margin Stock. No Corporate Credit Party will take or permit to be taken any action which that might cause any Credit Loan Document to violate any regulation of the Federal Reserve Board.

Appears in 1 contract

Samples: Loan and Security Agreement (Zunicom Inc)

Government Regulation; Margin Regulations. No Corporate Credit Party is subject to or regulated under or any federal Federal or state statute, rule or regulation that restricts or limits any Credit Party’s such Person's ability to incur Indebtedness, pledge its assets, or to perform its obligations under the Credit Loan Documents. The making of a Loanthe Loans, the application of the proceeds and repayment thereof, and the consummation of the transactions contemplated by the Credit Loan Documents do not and will not violate any Requirement of Law. No Corporate Credit Party is engaged, nor will it engage in the business of extending credit for the purpose of "purchasing" or "carrying" any "margin security" as such terms are defined in Regulation U of the Federal Reserve Board as now and hereafter in effect (such securities being referred to herein as "Margin Stock"). No Corporate Credit Party owns any Margin Stock, and none of the proceeds of any Loan the Loans or other extensions of credit under any Credit Document this Agreement will be used, directly or indirectly, for the purpose of purchasing or carrying any Margin Stock or reducing or retiring any Indebtedness which was originally incurred to purchase or carry any Margin Stock. No Corporate Credit Party will take or permit to be taken any action which might cause any Credit Loan Document to violate any regulation of the Federal Reserve Board.

Appears in 1 contract

Samples: Loan and Security Agreement (Edac Technologies Corp)

Government Regulation; Margin Regulations. No Credit Party Grantor is subject to or regulated under or any federal Federal or state statute, rule or regulation that restricts or limits any Credit Partysuch Person’s ability to incur Indebtedness, pledge its assets, or to perform its obligations under the Credit Loan Documents. The making of a the Loan, the application of the proceeds and repayment thereof, and the consummation of the transactions contemplated by the Credit Loan Documents do not and will not violate any 16 Requirement of Law. No Credit Party Grantor is engaged, nor will it engage engage, in the business of extending credit for the purpose of “purchasing” or “carrying” any “margin security” as such terms are defined in Regulation U of the Federal Reserve Board as now and hereafter in effect (such securities being referred to herein as “Margin Stock”). No Credit Party Grantor owns any Margin Stock, and none of the proceeds of any the Loan or other extensions of credit under any Credit Document this Agreement will be used, directly or indirectly, for the purpose of purchasing or carrying any Margin Stock or reducing or retiring any Indebtedness which that was originally incurred to purchase or carry any Margin Stock. No Credit Party Grantor will take or permit to be taken any action which that might cause any Credit Loan Document to violate any regulation of the Federal Reserve Board.. 3.9

Appears in 1 contract

Samples: Loan Agreement (Volta Inc.)

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