Common use of Margin Regulation Clause in Contracts

Margin Regulation. Neither the Borrower nor any of its Subsidiaries is engaged principally, or as one of its important activities, in the business of extending credit for the purpose of purchasing or carrying margin stock (within the meaning of Regulation U.

Appears in 2 contracts

Samples: Credit Agreement (Delphi Financial Group Inc/De), Credit Agreement (Delphi Financial Group Inc/De)

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Margin Regulation. Neither the Borrower nor any of its Subsidiaries the Loan Parties is engaged principally, principally or as one of its important activities, in the business of extending credit for the purpose of purchasing or carrying any “margin stock (within stock” as such term is defined in Regulation U of the meaning Board of Regulation U.Governors of the Federal Reserve System or any successor thereto.

Appears in 1 contract

Samples: Credit Agreement (Sierra Wireless Inc)

Margin Regulation. Neither the Borrower nor any Subsidiary ----------------- of its Subsidiaries the Borrower is engaged principally, or as one of its important activities, in the business of extending credit for the purpose of purchasing or carrying margin stock (within the meaning of Regulation U.G or Regulation U of the Board of Governors of the Federal Reserve System).

Appears in 1 contract

Samples: Credit Agreement (Career Education Corp)

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Margin Regulation. Neither the Borrower nor any of its Subsidiaries is engaged principally, or as one of its important activities, in the business of extending credit for the purpose of purchasing or carrying margin stock (within the meaning of Regulation G or Regulation U.

Appears in 1 contract

Samples: Credit Agreement (Delphi Financial Group Inc/De)

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