Common use of Margin Regulations; Securities Laws Clause in Contracts

Margin Regulations; Securities Laws. No Borrower shall, or shall permit any Borrower Subsidiary to, use all or any portion of the proceeds of any credit extended hereunder to purchase or carry Margin Stock or to violate the Securities Exchange Act or the Securities Act, provided, however, that proceeds of any credit extended hereunder that are distributed to Parent in accordance with Section 9.06 may be used by the Parent to purchase and retire its own Capital Stock; provided, further, however, that none of the Borrower or any Borrower Subsidiary shall at any time own any Margin Stock.

Margin Regulations; Securities Laws. No Borrower shall, or shall permit any Borrower Subsidiary to, use all or any portion of the proceeds of any credit extended hereunder to purchase or carry Margin Stock or to violate the Securities Exchange Act or the Securities Act, provided, however, that proceeds of any credit extended hereunder that are distributed to Parent in accordance with Section 9.06 may be used by the Parent to purchase and retire its own Capital Stock; provided, further, however, that none of neither the Borrower or nor any Borrower Subsidiary shall at any time own any Margin Stock.

Margin Regulations; Securities Laws. No Borrower shall, or shall permit any Borrower Subsidiary to, use all or any portion of the proceeds of any credit extended hereunder to purchase or carry Margin Stock or to violate the Securities Exchange Act or the Securities Act, provided, however, that proceeds of any credit extended hereunder that are distributed to Parent in accordance with Section SECTION 9.06 may be used by the Parent to purchase and retire its own Capital Stock; provided, further, however, that none of neither the Borrower or nor any Borrower Subsidiary shall at any time own any Margin Stock.