Common use of Margin Security Clause in Contracts

Margin Security. Such Borrower does not own any margin stock and no portion of the proceeds of any Loans or Letters of Credit shall be used by the Borrowers for the purpose of purchasing or carrying any "margin stock" (as defined in Regulation U of the Board of Governors of the Federal Reserve System) or for any other purpose which violates the provisions or Regulation T, U or X of said Board of Governors or for any other purpose in violation of any applicable statute or regulation, or of the terms and conditions of this Credit Agreement.

Appears in 3 contracts

Samples: Credit Agreement (Chiquita Brands International Inc), Credit Agreement (Chiquita Brands International Inc), Credit Agreement (Chiquita Brands International Inc)

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Margin Security. Such Borrower does not own any margin stock stock., other than Permitted Investments, and no portion of the proceeds of any Loans or Letters of Credit shall be used by the Borrowers for the purpose of purchasing or carrying any "margin stock" (as defined in Regulation U of the Board of Governors of the Federal Reserve System) other than Permitted Investments or for any other purpose which violates the provisions or Regulation T, U or X of said Board of Governors or for any other purpose in violation of any other applicable statute or regulation, regulation or of the terms and conditions of this Credit Agreement.

Appears in 1 contract

Samples: Credit Agreement (Fresh Foods Inc)

Margin Security. Such Borrower does not own any margin stock and no portion of the proceeds of any Loans or Letters of Credit shall be used by the Borrowers for the purpose of purchasing or carrying any "margin stock" (as defined in Regulation U G of the Board of Governors of the Federal Reserve System) or for any other purpose which violates the provisions or Regulation G, T, U or X of said Board of Governors or for any other purpose in violation of any applicable statute or regulation, or of the terms and conditions of this Credit Agreement.

Appears in 1 contract

Samples: Credit Agreement (MST Enterprises Inc)

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Margin Security. Such Borrower does not own any margin stock and no portion of the proceeds of any Loans or Letters of Credit shall be used by the Borrowers for the purpose of purchasing or carrying any "margin stock" (as defined in Regulation U of the Board of Governors of the Federal Reserve System) or for any other purpose which violates the provisions or Regulation U, T, U or X of said Board of Governors or for any other purpose in violation of any applicable statute or regulation, or of the terms and conditions of this Credit Agreement.

Appears in 1 contract

Samples: Credit Agreement (World Air Holdings, Inc.)

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