Legal Investments. 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 Regulation T, U, or X issued by the Board of Governors of the Federal Reserve System), and no proceeds of the 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.
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Samples: Revolving Credit and Security Agreement (Redenvelope Inc), Revolving Credit and Security Agreement (Redenvelope Inc)
Legal Investments. Neither Borrower Entity 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 Regulation Regulations T, U, U or X issued by the Board of Governors of the Federal Reserve System), and no proceeds of the Loans 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 1 contract
Legal Investments. 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 Regulation T, U, or X issued by the Board of Governors of the Federal Reserve System), and no proceeds of the 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: Revolving Credit and Security Agreement (Covista Communications Inc)
