Common use of Margin Securities Clause in Contracts

Margin Securities. Own, purchase or acquire (or enter into any contract to purchase or acquire) any "margin security" as defined by any regulation of the Federal Reserve Board as now in effect or as the same may hereafter be in effect unless, prior to any such purchase or acquisition or entering into any such contract, Lender shall have received an opinion of counsel satisfactory to Lender to the effect that such purchase or acquisition will not cause this Agreement to violate Regulations G or U or any other regulation of the Federal Reserve Board then in effect.

Appears in 5 contracts

Samples: Loan Agreement (Friedmans Inc), Loan and Security Agreement (CFP Holdings Inc), Loan Agreement (Friedmans Inc)

AutoNDA by SimpleDocs

Margin Securities. Own, purchase Purchase or acquire (or enter into any contract to purchase or acquire) any "margin security" as defined by any regulation of the Board of Governors of the Federal Reserve Board as now in effect or as the same may hereafter be in effect unless, prior to any such purchase or acquisition or entering into any such contract, Lender Agent shall have received an opinion of counsel reasonably satisfactory to Lender it to the effect that such purchase or acquisition will not cause this Agreement to violate Regulations G or Regulation U or any other regulation of the Federal Reserve Board FRB then in effect. Nothing contained herein shall permit the acquisition of a Restricted Investment.

Appears in 2 contracts

Samples: Credit Agreement (Cbeyond, Inc.), Credit Agreement (Cbeyond Communications Inc)

Margin Securities. Own, purchase or acquire (or enter into any contract to purchase or acquire) any "margin security" as defined by any regulation of the Federal Reserve Board as now in effect or as the same may hereafter be in effect unless, prior to any such purchase or acquisition or entering into any such contract, Lender Agent shall have received an opinion of counsel satisfactory to Lender Agent to the effect that such purchase or acquisition will not cause this Agreement to violate Regulations G or U or any other regulation of the Federal Reserve Board then in effect.

Appears in 2 contracts

Samples: Loan Agreement (Microwave Power Devices Inc), Loan and Security Agreement (Morgan Products LTD)

Margin Securities. Own, purchase or acquire (or enter into any contract contracts to purchase or acquire) any "margin security" as defined by any regulation of the Federal Reserve Board as now in effect or as the same may hereafter be in effect unless, prior to any such purchase or acquisition or entering into any such contract, Lender shall have received an opinion of counsel satisfactory to Lender to that the effect that of such purchase or acquisition will not cause this Agreement to violate Regulations G regulations (G) or U (U) or any other regulation regulations of the Federal Reserve Board then in effect.

Appears in 1 contract

Samples: Term Loan Agreement (United Natural Foods Inc)

Margin Securities. Own, purchase or acquire (or enter into any contract to purchase or acquire) any "margin security" as defined by any regulation of the Federal Reserve Board as now in effect or as the same may hereafter be in effect unless, prior to any such purchase or acquisition or entering into any such contract, Lender Agent shall have received an opinion of counsel satisfactory to Lender Agent to the effect that such purchase or acquisition will not cause this Agreement to violate Regulations G G, T or U or any other regulation of the Federal Reserve Board then in effect.

Appears in 1 contract

Samples: Loan and Security Agreement (Factory Card Outlet Corp)

Margin Securities. Own, purchase or acquire (or enter into any ----------------- contract to purchase or acquire) any "margin security" as defined by any regulation of the Federal Reserve Board as now in effect or as the same may hereafter be in effect unless, prior to any such purchase or acquisition or entering into any such contract, Lender Bank shall have received an opinion of counsel satisfactory to Lender Bank to the effect that such purchase or acquisition will not cause this Agreement or the Promissory Note to violate Regulations Regulation G or U or any other regulation of the Federal Reserve Board then in effect.

Appears in 1 contract

Samples: Loan and Security Agreement (Meridian National Corp)

Margin Securities. Own, purchase Purchase or acquire (or enter into any contract to purchase or acquire) any "margin security" as defined by any regulation of the Federal Reserve Board of Governors as now in effect or as the same may hereafter be in effect unless, prior to any such purchase or acquisition or entering into any such contract, Lender shall have received an opinion of counsel satisfactory to Lender it to the effect that such purchase or acquisition will not cause this Agreement to violate Regulations G or U or any other regulation of the Federal Reserve Board of Governors then in effect.

Appears in 1 contract

Samples: Term Loan and Security Agreement (Kimmins Corp/De)

AutoNDA by SimpleDocs

Margin Securities. Own, purchase or acquire (or enter into any contract contracts to purchase or acquire) any "margin security" as defined by any regulation of the Federal Reserve Board as now in effect or as the same may hereafter be in effect unless, prior to any such purchase or acquisition or entering into any such contract, Lender Agent shall have received an opinion of counsel satisfactory to Lender to Agent that the effect that of such purchase or acquisition will not cause this Agreement to violate Regulations G regulations (T), (U) or U (X) or any other regulation Regulations of the Federal Reserve Board then in effect.

Appears in 1 contract

Samples: Loan and Security Agreement (United Natural Foods Inc)

Margin Securities. Own, purchase or acquire (or enter into any contract to purchase or acquire) any "margin security" as defined by any regulation of the Federal Reserve Board as now in effect or as the same may hereafter be in effect unless, prior to any such purchase or acquisition or entering into any such contract, Lender shall have received an opinion of counsel satisfactory to Lender to the effect that such purchase or acquisition will not cause this Agreement to violate Regulations G G, T or U or any other regulation of the Federal Reserve Board then in effect.

Appears in 1 contract

Samples: Loan and Security Agreement (Franklin Ophthalmic Instruments Co Inc)

Margin Securities. Own, purchase purchase, or acquire (or enter into any contract to purchase or acquire) any "margin security" as defined by any regulation of the Federal Reserve Board as now in effect or as the same may hereafter be in effect unless, prior to any such purchase or acquisition or entering into any such contract, Lender Bank shall have received an opinion of counsel satisfactory to Lender Bank to the effect that such purchase or acquisition will not cause this Agreement or the Notes to violate Regulations G or U Regulation U, X or any other regulation of the Federal Reserve Board then in effect.

Appears in 1 contract

Samples: Loan and Security Agreement (John D. Oil & Gas Co)

Margin Securities. Own, purchase or acquire (or enter into any contract to purchase or acquire) any "margin security" as defined by any regulation of the Federal Reserve Board as now in effect or as the same may hereafter be in effect unless, prior to any such purchase or acquisition or entering into any such contract, Lender Collateral Agent shall have received an opinion of counsel satisfactory to Lender Lenders to the effect that such purchase or acquisition will not cause this Agreement to violate Regulations G T, U or U X or any other regulation of the Federal Reserve Board then in effect.

Appears in 1 contract

Samples: Loan and Security Agreement (Mmi Products Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!