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

No Investment Company or Margin Stock. None of the Loan Parties nor any of their respective Subsidiaries is an “investment company” within the meaning of the Investment Company Act of 1940, as amended. None of the Loan Parties nor any of their respective Subsidiaries 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. None of the proceeds of any of the Advances will be used for a purpose which violates or would be inconsistent with Regulation U or its successors. 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 (Noble International, Ltd.), Credit Agreement (Noble International, Ltd.)

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No Investment Company or Margin Stock. None of the Loan Parties nor any of their respective Subsidiaries The Borrower is not an “investment company” within the meaning of the Investment Company Act of 1940, as amended. None of the Loan Parties nor any of their respective Subsidiaries The Borrower is not 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. None of the proceeds of any of the Advances Term Loan will be used for a purpose which violates to purchase or would carry margin stock or will be inconsistent with Regulation U made available in any manner to any other Person to enable or its successorsassist 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 therefor, as from time to time in effect, are used in this paragraph with such meanings.

Appears in 1 contract

Samples: Loan Agreement (Vitesse Semiconductor Corp)

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No Investment Company or Margin Stock. None of the Loan Parties Neither any Borrower nor any of their respective its Subsidiaries is an “investment company” within the meaning of the Investment Company Act of 1940, as amended. None of the Loan Parties Neither any Borrower nor any of their respective its Subsidiaries 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. None of the proceeds of any of the Advances will be used for a purpose which violates by any Borrower or would be inconsistent with Regulation U any of its Subsidiaries to purchase or its successorscarry 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 and Term Loan Credit Agreement (American Midstream Partners, LP)

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