Margin Regulations; Investment Company Act; Use of Proceeds. (a) No Loan Party is engaged and no Loan Party will engage, principally or as one of their important activities, in the business of purchasing or carrying margin stock (within the meaning of Regulation U issued by the Board), or extending credit for the purpose of purchasing or carrying margin stock. Margin stock constitutes less than 25% of those assets of each Loan Party which are subject to any limitation on a sale, pledge, or other restrictions hereunder.
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Samples: Credit Agreement (Sunoco Logistics Partners L.P.), Credit Agreement (Sunoco Logistics Partners L.P.), Credit Agreement (Sunoco Logistics Partners L.P.)
Margin Regulations; Investment Company Act; Use of Proceeds. (a) No Neither the Borrower nor any other Loan Party is engaged and no Loan Party nor will it engage, principally or as one of their its important activities, in the business of purchasing or carrying margin stock (within the meaning of Regulation U issued by the Board), or extending credit for the purpose of purchasing or carrying margin stock. Margin stock constitutes less than 25% of those assets of each Loan Party which are subject to any limitation on a sale, pledge, or other restrictions hereunder.
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Samples: Revolving Credit Agreement (Markwest Energy Partners L P), Credit Agreement (Markwest Energy Partners L P)
Margin Regulations; Investment Company Act; Use of Proceeds. (a) No Loan Party is engaged and no Loan Party will engage, principally or as one of their its important activities, in the business of purchasing or carrying margin stock (within the meaning of Regulation U issued by the BoardFRB), or extending credit for the purpose of purchasing or carrying margin stock. Margin stock constitutes less than 25% of those assets of each Loan Party which are subject to any limitation on a sale, pledge, or other restrictions hereunder.
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