No Margin Stock Collateral. Each of the Lenders represents to the 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 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 3 contracts
Samples: Credit Agreement (Landstar System Inc), Credit Agreement (Landstar System Inc), Credit Agreement (Landstar System Inc)
No Margin Stock Collateral. Each of the Lenders represents to the Administrative Agent, Agent and 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 defined in Regulation U of the Board of Governors of the Federal Reserve System) Margin Stock as collateral in the extension or maintenance of the credit provided for in this Agreement.
Appears in 2 contracts
Samples: Credit Agreement (Airborne Freight Corp /De/), Credit Agreement (Airborne Inc /De/)
No Margin Stock Collateral. Each of the Lenders represents -------------------------- to the 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 defined in Regulation U of the Board of Governors of the Federal Reserve System) Margin Stock as collateral in the extension or maintenance of the credit provided for in this Agreement.
Appears in 2 contracts
Samples: Credit Agreement (Global Payments Inc), Credit Agreement (National Data Corp)
No Margin Stock Collateral. Each of the Lenders -------------------------- represents to the 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 defined in Regulation U of the Board of Governors of the Federal Reserve System) Margin Stock as collateral in the extension or maintenance of the credit provided for in this Agreement.
Appears in 1 contract
No Margin Stock Collateral. Each of the Lenders represents to the Administrative Agent, each of the other Lenders and the Borrower Borrowers that it in good faith is not, directly or indirectly (by negative pledge or otherwise), relying upon any margin stock (as defined in Regulation U of the Board of Governors of the Federal Reserve System) Margin Stock as collateral in the extension or maintenance of the credit provided for in this Agreement.
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