Common use of No Margin Stock Collateral Clause in Contracts

No Margin Stock Collateral. Each of the Lenders represents to each 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 1 contract

Samples: Credit and Security Agreement (Thomaston Mills Inc)

AutoNDA by SimpleDocs

No Margin Stock Collateral. (a) Each of the Lenders represents to each 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 1 contract

Samples: Credit and Security Agreement (Thomas & Betts Corp)

No Margin Stock Collateral. Each of the Lenders represents to each the Agent and each of the other Lenders that it in good faith is not, directly or indirectly (by 107 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 (Belden Inc)

AutoNDA by SimpleDocs

No Margin Stock Collateral. Each of the Lenders represents to each 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 Credit Agreement.

Appears in 1 contract

Samples: Credit Agreement (Mohawk Industries Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.