Common use of No Margin Stock Collateral Clause in Contracts

No Margin Stock Collateral. Each of the Banks represents to the Agent and each of the other Banks that it in good faith is not, directly or indirectly (by negative pledge or otherwise), relying upon any Margin Stock as collateral in the extension or maintenance of the credit provided for in this Agreement.

Appears in 26 contracts

Samples: Credit Agreement (Gerber Scientific Inc), Credit Agreement (Loewen Group Inc), Credit Agreement (JDN Realty Corp)

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No Margin Stock Collateral. Each of the Banks represents to the Administrative Agent and each of the other Banks that it in good faith is not, directly or indirectly (by negative pledge or otherwise), relying upon any Margin Stock as collateral in the extension or maintenance of the credit provided for in this Agreement.

Appears in 18 contracts

Samples: Credit Agreement (Mohawk Industries Inc), Credit Agreement (Gables Realty Limited Partnership), Five Year Credit Agreement (Mohawk Industries Inc)

No Margin Stock Collateral. Each of the Banks -------------------------- represents to the Agent and each of the other Banks that it in good faith is not, directly or indirectly (by negative pledge or otherwise), relying upon any Margin Stock as collateral in the extension or maintenance of the credit provided for in this Agreement.

Appears in 3 contracts

Samples: Credit Agreement (Mohawk Industries Inc), Credit Agreement (Mohawk Industries Inc), Credit Agreement (Mohawk Industries Inc)

No Margin Stock Collateral. Each of the Banks represents to the Agent Administrative Agent, the Borrower and each of the other Banks that it in good faith is not, (i) directly or indirectly (by negative pledge or otherwise), relying upon any Margin Stock as collateral in the extension or maintenance of the credit provided for in this AgreementAgreement or (ii) entering into this Agreement with an immediate intention to resell its Commitment or Revolving Loans.

Appears in 3 contracts

Samples: Credit Agreement (Avado Brands Inc), Credit Agreement (Avado Brands Inc), Credit Agreement (Avado Brands Inc)

No Margin Stock Collateral. Each of the Banks -------------------------- represents to the Agent and each of the other Banks that it in good faith is not, directly or indirectly (by negative pledge or otherwise), relying upon any Margin Stock as collateral in the extension or maintenance of the credit provided for in this Agreement.

Appears in 3 contracts

Samples: Credit Agreement (JDN Realty Corp), Credit Agreement (Equifax Inc), Credit Agreement (JDN Realty Corp)

No Margin Stock Collateral. Each of the Banks represents to the Agent Agent, the Borrower and each of the other Banks that it in good faith is not, (i) directly or indirectly (by negative pledge or otherwise), relying upon any Margin Stock as collateral in the extension or maintenance of the credit provided for in this AgreementAgreement or (ii) entering into this Agreement with an immediate intention to resell its Commitment or Revolving Loans.

Appears in 2 contracts

Samples: Credit Agreement (Apple South Inc), Credit Agreement (Apple South Inc)

No Margin Stock Collateral. Each of the Banks represents -------------------------- to the Agent and each of the other Banks that it in good faith is not, directly or indirectly (by negative pledge or otherwise), relying upon any Margin Stock as collateral in the extension or maintenance of the credit provided for in this Agreement.

Appears in 1 contract

Samples: Credit Agreement (JDN Realty Corp)

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No Margin Stock Collateral. Each of the Banks represents to the Agent and each of the other Banks that it in good faith is not, directly or indirectly (by negative pledge or otherwise), ) relying upon any Margin Stock margin stock (as defined in Regulation U of the Board of Governors of the Federal Reserve System) as collateral in the extension or maintenance of the credit provided for in this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Medusa Corp)

No Margin Stock Collateral. Each of the Banks -------------------------- represents to the Administrative Agent and each of the other Banks that it in good faith is not, directly or indirectly (by negative pledge or otherwise), relying upon any Margin Stock as collateral in the extension or maintenance of the credit provided for in this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Us Xpress Enterprises Inc)

No Margin Stock Collateral. Each of the Banks represents to the Agent Agent, the Borrower and each of the other Banks that it in good faith is not, (i) directly or indirectly (by negative pledge or otherwise), relying upon any Margin Stock as collateral in the extension or maintenance of the credit provided for in this AgreementAgreement or (ii) entering into this Agreement with an immediate intention to resell its Commitment or its pro rata share of the Loan.

Appears in 1 contract

Samples: Credit Agreement (Apple South Inc)

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