No Extension of Credit for Securities. Neither Borrower nor any of its Subsidiaries is now, nor at any time has it been engaged principally, or as one of its 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” within the meaning of Regulations U, G, T or X of the Board of Governors of the Federal Reserve System; nor will the proceeds of the Term Loan be used by Borrower or any of its Subsidiaries directly or indirectly, for such purposes.
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Samples: Term Loan Credit Agreement (Chesapeake Utilities Corp), Term Loan Credit Agreement (Chesapeake Utilities Corp)
No Extension of Credit for Securities. Neither Borrower nor any of its Subsidiaries is not now, nor at any time has it been engaged principally, or as one of its 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” " within the meaning of Regulations U, G, T or X of the Board of Governors of the Federal Reserve System; nor will the proceeds of the RLOC or the Term Loan Facility be used by Borrower or any of its Subsidiaries directly or indirectly, for such purposes.
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No Extension of Credit for Securities. Neither Borrower nor any of its Subsidiaries is now, nor at any time has it been engaged principally, or as one of its important activities, in the business of extending or arranging for the extension of credit, for the purpose of purchasing or carrying WCSR 39139774v4 any “margin stock” or “margin securities” within the meaning of Regulations U, G, T or X of the Board of Governors of the Federal Reserve System; nor will the proceeds of the Term Loan Credit Facility be used by Borrower or any of its Subsidiaries directly or indirectly, for such purposes.
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