Common use of No Margin Stock Collateral Clause in Contracts

No Margin Stock Collateral. Each of the Lenders represents to the Agent and each of the other Lenders 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 8 contracts

Samples: Credit Agreement (Starrett L S Co), Credit Agreement (Cke Restaurants Inc), Credit Agreement (Starrett L S Co)

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No Margin Stock Collateral. Each of the Lenders represents to the Agent and Administrative Agent, each of the other Lenders and the Borrower 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: Loan Agreement (Global Payments Inc), Credit Agreement (Global Payments Inc), Loan Agreement (Global Payments Inc)

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No Margin Stock Collateral. Each of the Lenders represents to the Agent each Agent, each Issuer and each of the other Lenders 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 and Security Agreement (Thomaston Mills Inc)

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