No Extension of Credit for Securities. The Companies are not ------------------------------------- now, nor at any time have they been engaged principally, or as one of their respective important activities, in the business of extending or arranging for the extension of credit, for the purpose of purchasing or carrying any margin stock or margin securities; nor will the proceeds of the Loans be used by any Company directly or indirectly, for such purposes.
Appears in 2 contracts
Samples: Credit Agreement (Marketing Specialists Corp), Credit Agreement (Merkert American Corp)
No Extension of Credit for Securities. The Companies are not ------------------------------------- now, nor at any time have they been engaged principally, or as one of their respective important activities, in the business of extending or arranging for the extension of credit, for the purpose of purchasing or carrying any margin stock or margin securities; nor will the proceeds of the Loans Loan be used by any Company directly or indirectly, for such purposes.
Appears in 2 contracts
Samples: Credit Agreement (Nichols Research Corp /Al/), Credit Agreement (Marketing Specialists Corp)
No Extension of Credit for Securities. The Companies are Company is not ------------------------------------- now, nor at any time have they been has been, engaged principally, or as one of their respective important activities, principally in the business of extending or arranging for the extension of credit, credit for the purpose of purchasing or carrying any margin stock or margin securities; nor securities and the Company will not use the proceeds of the Loans be used by any Company Loan directly or indirectly, indirectly for such purposes.
Appears in 1 contract
Samples: Note Purchase Agreement (Biosante Pharmaceuticals Inc)
No Extension of Credit for Securities. The Companies are not ------------------------------------- now, nor at any time have they been engaged principally, or as one of their respective important activities, in the business of extending or arranging for the extension of credit, for the purpose of purchasing or carrying any margin stock or margin securities; nor will the proceeds of the Loans Loan be used by any Company directly or indirectly, for such purposes.
Appears in 1 contract
Samples: Credit Agreement (Home Health Corp of America Inc \Pa\)
