Common use of Margin Regulation Clause in Contracts

Margin Regulation. Such Borrower shall not use or ----------------- permit any other Person to use any portion of the proceeds of any credit extended under this Agreement in any manner which might cause the extension of credit made by any Lender or the application of such proceeds to violate the Securities Act of 1933 or Securities Exchange Act of 1934 (each as amended from time to time, and any successor statute) or to violate Regulation G, Regulation U, or Regulation X, or any other regulation of the Federal Reserve Board, in each case as in effect on the date or dates of such extension of credit and such use of proceeds.

Appears in 2 contracts

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

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Margin Regulation. Such The Borrower shall not use or ----------------- and shall not permit any other Person to to, use any portion of the proceeds of any credit extended under this Agreement in any manner which might cause the extension of credit made by any Lender or the application of such proceeds to violate the Securities 1933 Act of 1933 or Securities Exchange the 1934 Act of 1934 (each as amended to the Closing Date and from time to timetime thereafter, and any successor statute) or to violate Regulation G, Regulation U, or Regulation X, or any other regulation of the Federal Reserve Board, in each case as in effect on the date or dates of such extension of credit and such use of proceeds.

Appears in 2 contracts

Samples: Charter Agreement (Great Lakes Dredge & Dock CORP), Credit Agreement (Great Lakes Dredge & Dock CORP)

Margin Regulation. Such Borrower shall not use or ----------------- permit any other Person to use any portion of the proceeds of any credit extended under this Agreement in any manner which might cause the extension of credit made by any Lender or the application of such proceeds to violate the Securities Act of 1933 or Securities Exchange Act of 1934 (each as amended from time to time, and any successor statute) or to violate Regulation G, Regulation U, or Regulation X, or any other regulation of the Federal Reserve Board, in each case as in effect on the date or dates of such extension of credit and such use of proceeds.

Appears in 2 contracts

Samples: Loan and Security Agreement (Paetec Corp), Loan and Security Agreement (KMC Telecom Holdings Inc)

Margin Regulation. Such The Borrower shall not use or ----------------- permit any other Person to use any portion of the proceeds of any credit extended under this Agreement in any manner which might cause the extension of credit made by any Lender or the application of such proceeds to violate the Securities 1933 Act of 1933 or Securities Exchange the 1934 Act of 1934 (each as amended to the Closing Date and from time to timetime thereafter, and any successor statute) or to violate Regulation G, Regulation U, or Regulation X, or any other regulation of the Federal Reserve Board, in each case as in effect on the date or dates of such extension of credit and such use of proceeds.

Appears in 1 contract

Samples: Credit Agreement (Us Can Corp)

Margin Regulation. Such The Borrower shall not use or ----------------- permit any other Person to use any portion of the proceeds of any credit extended under this Agreement in any manner which might cause the extension of credit made by any Lender or the application of such proceeds to violate the Securities Act of 1933 or Securities Exchange Act of 1934 (each as amended from time to time, and any successor statute) or to violate Regulation G, Regulation U, or Regulation X, or any other regulation of the Federal Reserve Board, in each case as in effect on the date or dates of such extension of credit and such use of proceeds.

Appears in 1 contract

Samples: Loan and Security Agreement (Mercury Inc)

Margin Regulation. Such Neither Holdings nor the Borrower shall, nor shall not use or ----------------- they permit any other Person to to, use any portion of the proceeds of any credit extended under this Agreement in any manner which might cause the extension of credit made by any Lender or the application of such proceeds to violate the Securities 1933 Act of 1933 or Securities Exchange the 1934 Act of 1934 (each as amended to the Closing Date and from time to timetime thereafter, and any successor statute) or to violate Regulation G, Regulation U, or Regulation X, or any other regulation of the Federal Reserve Board, in each case as in effect on the date or dates of such extension of credit and such use of proceeds.

Appears in 1 contract

Samples: Credit Agreement (Great Lakes Dredge & Dock Corp)

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Margin Regulation. Such The Borrower shall not and shall not permit any Subsidiary to, use or ----------------- permit any other Person to use any portion of the proceeds of any credit extended under this Agreement in any manner which might cause the extension of credit made by any Lender or the application of such proceeds to violate the Securities Act of 1933 or Securities Exchange Act of 1934 (each as amended from time to time, and any successor statute) or to violate Regulation G, Regulation U, or Regulation X, or any other regulation of the Federal Reserve Board, in each case as in effect on the date or dates of such extension of credit and such use of proceeds.

Appears in 1 contract

Samples: Loan and Security Agreement (American Communications Services Inc)

Margin Regulation. Such Borrower shall not use or ----------------- permit any other Person to use any portion of the proceeds of any credit extended under this Credit Agreement in any manner which might cause the extension of credit made by any Lender or the application of such proceeds to violate the Securities Act of 1933 or Securities Exchange Act of 1934 (each as amended to the date hereof and from time to timetime hereafter, and any successor statute) or to violate Regulation G, Regulation U, U or Regulation X, or any other regulation of the Federal Reserve Board, in each case as in effect on the date or dates of such extension of credit and such use of proceeds.

Appears in 1 contract

Samples: Revolving Credit Agreement (Barrett Resources Corp)

Margin Regulation. Such The Borrower shall not use or ----------------- permit any other Person to use any portion of the proceeds of any credit extended under this Credit Agreement in any manner which might cause the extension of credit made by any Lender or the application of such proceeds to violate the Securities Act of 1933 or Securities Exchange Act of 1934 (each as amended to the date hereof and from time to timetime hereafter, and any successor statute) or to violate Regulation G, Regulation U, or Regulation X, or any other regulation of the Federal Reserve Board, in each case as in effect on the date or dates of such extension of credit and such use of proceeds.

Appears in 1 contract

Samples: Credit Agreement (Penn Virginia Corp)

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