Legal Investments; Use of Proceeds. Borrower is not engaged in the business of extending credit for the purpose of purchasing or carrying any “margin stock” or “margin security” (within the meaning of Regulations T, U or X issued by the Board of Governors of the Federal Reserve System), and no proceeds of the Loan will be used to purchase or carry any margin stock or margin security or to extend credit to others for the purpose of purchasing or carrying any margin stock or margin security.
Appears in 13 contracts
Samples: Loan and Security Agreement (RumbleOn, Inc.), Loan and Security Agreement (Harvest Capital Credit Corp), Loan and Security Agreement (CURO Group Holdings Corp.)
Legal Investments; Use of Proceeds. Borrower is The Borrowers are not engaged in the business of extending credit for the purpose of purchasing or carrying any “"margin stock” " or “"margin security” " (within the meaning of Regulations T, U or X issued by the Board of Governors of the Federal Reserve System), and no proceeds of the Loan Loans will be used to purchase or carry any margin stock or margin security or to extend credit to others for the purpose of purchasing or carrying any margin stock or margin security.
Appears in 1 contract
Samples: , and Security Agreement (Advanced Nutraceuticals Inc/Tx)
