No Margin Stock Collateral. Each of the Banks represents to the 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 Agreement or (ii) entering into this Agreement with an immediate intention to resell its Commitment or Revolving Loans.
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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 Administrative Agent, the Borrower Agent 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 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 or (ii) entering into this Agreement with an immediate intention to resell its Commitment or Revolving LoansAgreement.
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