Common use of MARGIN REGULATIONS; REGULATED ENTITIES Clause in Contracts

MARGIN REGULATIONS; REGULATED ENTITIES. Neither Loan Parties nor any Subsidiary thereof is engaged or will engage, principally or as one of its important activities, in the business of purchasing or carrying margin stock (within the meaning of Regulation U issued by the FRB), or extending credit for the purpose of purchasing or carrying margin stock. None of Loan Parties, any Subsidiary thereof or any Person controlling Loan Parties is an “investment company” within the meaning of the Investment Company Act of 1940. Loan Parties are not subject to regulation under the Federal Power Act, any state public utilities code or any other federal or state statute or regulation limiting its ability to incur Debt.

MARGIN REGULATIONS; REGULATED ENTITIES. Neither Loan Parties Borrower nor any Subsidiary thereof is engaged or will engage, principally or as one of its important activities, in the business of purchasing or carrying margin stock (within the meaning of Regulation U issued by the FRB), or extending credit for the purpose of purchasing or carrying margin stock. None of Loan PartiesBorrower, any Subsidiary thereof or any Person controlling Loan Parties Borrower is an “investment company” within the meaning of the Investment Company Act of 1940. Loan Parties are Borrower is not subject to regulation under the Federal Power Act, any state public utilities code or any other federal Federal or state statute or regulation limiting its ability to incur Debt.

MARGIN REGULATIONS; REGULATED ENTITIES. Neither Loan Parties Borrower nor any Subsidiary thereof is engaged or will engage, principally or as one of its important activities, in the business of purchasing or carrying margin stock (within the meaning of Regulation U issued by the FRB), or extending credit for the purpose of purchasing or carrying margin stock. None of Loan PartiesBorrower, any Subsidiary thereof or any Person controlling Loan Parties Borrower is an “investment company” within the meaning of the Investment Company Act of 1940. Loan Parties are Borrower is not subject to regulation under the Federal Power Act, any state public utilities code or any other federal or state statute or regulation limiting its ability to incur Debt.

MARGIN REGULATIONS; REGULATED ENTITIES. Neither Loan Parties nor any Subsidiary thereof is engaged or will engage, principally or as one of its important activities, in the business of purchasing or carrying margin stock (within the meaning of Regulation U issued by the FRB), or extending credit for the purpose of purchasing or carrying margin stock. None of the Loan Parties, any Subsidiary thereof or any Person controlling Loan Parties is an “investment company” within the meaning of the Investment Company Act of 1940. Loan Parties are not subject to regulation under the Federal Power Act, any state public utilities code or any other federal or state statute or regulation limiting its ability to incur Debt.

MARGIN REGULATIONS; REGULATED ENTITIES. Neither Loan Parties nor any Subsidiary thereof is engaged or will engage, principally or as one of its important activities, in the business of purchasing or carrying margin stock (within the meaning of Regulation U issued by the FRB), or extending credit for the purpose of purchasing or carrying margin stock. None of Loan Parties, any Subsidiary thereof or any Person controlling Loan Parties is an “"investment company” " within the meaning of the Investment Company Act of 1940. Loan Parties are not subject to regulation under the Federal Power Act, any state public utilities code or any other federal or state statute or regulation limiting its ability to incur Debt.