Common use of Margin Securities Clause in Contracts

Margin Securities. Neither the Parent 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 buying or carrying margin stock (within the meaning of Regulation U or Regulations T or X of the Board of Governors of the Federal Reserve System), and no Letter of Credit requested by the Parent hereunder will be used in connection with any transaction whereby the Parent or any Subsidiary of the Parent buys or carries any margin stock or extends credit to others for the purpose of buying or carrying margin stock.

Margin Securities. Neither the Parent nor any of its Subsidiaries Subsidiary is engaged principally, or as one of its important activities, in the business of extending credit for the purpose of buying purchasing or carrying margin stock (within the meaning of Regulation U or Regulations T T, U, or X of the Board of Governors of the Federal Reserve System), and no Letter part of Credit requested by the Parent hereunder proceeds of any Loan will be used in connection with any transaction whereby the Parent to purchase or any Subsidiary of the Parent buys or carries carry any margin stock or extends to extend credit to others for the purpose of buying purchasing or carrying margin stock.

Margin Securities. Neither the Parent 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 buying or carrying margin stock (within the meaning of Regulation U or Regulations T or X of the Board of Governors of the Federal Reserve System), and no Letter of Credit requested by the Parent any Borrower hereunder will be used in connection with any transaction whereby the Parent or any Subsidiary of the Parent buys or carries any margin stock or extends credit to others for the purpose of buying or carrying margin stock.

Margin Securities. Neither the Parent nor any of its Subsidiaries Subsidiary is engaged principally, or as one of its important activities, in the business of extending credit for the purpose of buying purchasing or carrying margin stock (within the meaning of Regulation U or Regulations T G, T, U, or X of the Board of Governors of the Federal Reserve System), and no Letter part of Credit requested by the Parent hereunder proceeds of any Loan will be used in connection with any transaction whereby the Parent to purchase or any Subsidiary of the Parent buys or carries carry any margin stock or extends to extend credit to others for the purpose of buying purchasing or carrying margin stock.