Common use of No Investment Company or Margin Stock Clause in Contracts

No Investment Company or Margin Stock. No Loan Party is an “investment company” within the meaning of the Investment Company Act of 1940, as amended. No Loan Party is engaged principally, or as one of its important activities, directly or indirectly, in the business of extending credit for the purpose of purchasing or carrying margin stock, and none of the proceeds of any of the loans hereunder will be used, directly or indirectly, for any purpose which would violate the provisions of Regulation U or X of the Board of Governors of the Federal Reserve System. Terms for which meanings are provided in Regulation U of the Board of Governors of the Federal Reserve System or any regulations substituted therefor, as from time to time in effect, are used in this paragraph with such meanings.

Appears in 2 contracts

Samples: Credit Agreement (Brooklyn Cheesecake & Desert Com), Credit Agreement (Brooklyn Cheesecake & Desert Com)

AutoNDA by SimpleDocs

No Investment Company or Margin Stock. No Loan Party is an “investment company” within the meaning of the Investment Company Act of 1940, as amended. No Loan Party is engaged principally, or as one of its important activities, directly or indirectly, in the business of extending credit for the purpose of purchasing or carrying margin stock, and none of the proceeds of any of the loans Indebtedness hereunder will be used, directly or indirectly, for any purpose which would violate the provisions of Regulation U or X of the Board of Governors of the Federal Reserve System. Terms for which meanings are provided in Regulation U of the Board of Governors of the Federal Reserve System or any regulations substituted therefor, as from time to time in effect, are used in this paragraph Section with such meanings.

Appears in 2 contracts

Samples: Loan Agreement, Loan Agreement (Perceptron Inc/Mi)

No Investment Company or Margin Stock. No Loan Party is an “investment company” within the meaning of the Investment Company Act of 1940, as amended. No Loan Party is engaged principally, or as one of its important activities, directly or indirectly, in the business of extending credit for the purpose of purchasing or carrying margin stock, and none of the proceeds of any of the loans hereunder will be used, directly or indirectly, indirectly for any purpose which would violate the provisions of Regulation U or X of the Board of Governors of the Federal Reserve System. Terms for which meanings are provided in Regulation U of the Board of Governors of the Federal Reserve System or any regulations substituted therefor, as from time to time in effect, are used in this paragraph with such meanings.

Appears in 2 contracts

Samples: Credit Agreement (Greektown Superholdings, Inc.), Credit Agreement

No Investment Company or Margin Stock. No Loan Party is an “investment company” within the meaning of the Investment Company Act of 1940, as amended. No Loan Party is engaged principally, or as one of its important activities, directly or indirectly, in the business of extending credit for the purpose of purchasing or carrying margin stock, and none of the proceeds of any of the loans hereunder will be used, directly or indirectly, for any purpose which would violate the provisions of Regulation U or X of the Board of Governors of the Federal Reserve System. Terms for which meanings are provided in Regulation U of the Board of Governors of the Federal Reserve System or any regulations substituted therefor, as from time to time in effect, are used in this paragraph with such meanings.. 25 6.12

Appears in 1 contract

Samples: Credit Agreement

AutoNDA by SimpleDocs

No Investment Company or Margin Stock. No Loan Party is an “investment company” within the meaning of the Investment Company Act of 1940, as amended. No Loan Party is engaged principally, or as one of its important activities, directly or indirectly, in the business of extending credit for the purpose of purchasing or carrying margin stock, and none . None of the proceeds of any of the loans hereunder Advances will be used, directly used by any Party to purchase or indirectly, for carry margin stock or will be made available by any purpose which would violate the provisions of Regulation U Party in any manner to any other Person to enable or X of the Board of Governors of the Federal Reserve Systemassist such Person in purchasing or carrying margin stock. Terms for which meanings are provided in Regulation U of the Board of Governors of the Federal Reserve System or any regulations substituted therefortherefore, as from time to time in effect, are used in this paragraph with such meanings.

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Staktek Holdings Inc)

No Investment Company or Margin Stock. No Loan Credit Party is an “investment company” within the meaning of the Investment Company Act of 1940, as amended. No Loan Credit Party is engaged principally, or as one of its important activities, directly or indirectly, in the business of extending credit for the purpose of purchasing or carrying margin stock, and none . None of the proceeds of any of the loans hereunder Advances will be used, directly used by any Credit Party to purchase or indirectly, for carry margin stock in any purpose which would violate manner that violates the provisions of Regulation U or X of the Board of Governors of the Federal Reserve SystemSystem or other applicable law. Terms for which meanings are provided in Regulation U of the Board of Governors of the Federal Reserve System or any regulations substituted therefortherefore, as from time to time in effect, are used in this paragraph with such meanings.

Appears in 1 contract

Samples: Credit Agreement (Bazaarvoice Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.