Common use of No Reliance on Margin Stock Clause in Contracts

No Reliance on Margin Stock. Each Bank represents to the Agent and each of the other Banks that it in good faith is not relying upon any Margin Stock as collateral in the extension or maintenance of the credit provided for in this Agreement.

Appears in 4 contracts

Samples: Credit Agreement (U S West Communications Inc), Credit Agreement (Qwest Communications International Inc), Credit Agreement (Qwest Communications International Inc)

AutoNDA by SimpleDocs

No Reliance on Margin Stock. Each Bank of the Banks represents to the Administrative Agent and each of the other Banks that it in good faith is not 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 (Applied Materials Inc /De)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!