Margin Regulation. (a) As of the Loan Closing date, the Borrower does not have class of securities with respect to which a member of a national securities exchange, broker, or dealer may extend or maintain credit to or for a customer pursuant to rules or regulation adopted by the Board of Governors of the Federal Reserve System under Section 7 of the 1934 Act.
Appears in 2 contracts
Samples: Convertible Debenture Loan Agreement (Topro Inc), Convertible Debenture Loan Agreement (Packaging Research Corp)
Margin Regulation. (a) As of the Loan Closing dateDate, the Borrower does not have class of securities with respect to which a member of a national securities exchange, broker, or dealer may extend or maintain credit to or for a customer pursuant to rules or regulation adopted by the Board of Governors of the Federal Reserve System under Section 7 of the 1934 Act.
Appears in 2 contracts
Samples: Convertible Loan Agreement (Jakks Pacific Inc), Convertible Loan Agreement (Integrated Security Systems Inc)
Margin Regulation. (a) As of the Loan Closing dateDate, the Borrower does not have class of securities with respect to which a member of a national securities exchange, broker, or dealer may extend or maintain credit to or for a customer pursuant to rules or regulation adopted by the Board of Governors of the Federal Reserve System under Section 7 of the 1934 Act.
Appears in 1 contract
Samples: Convertible Debenture Loan Agreement (Biodynamics International Inc)
