Not Purpose Credit. None of the proceeds of this note shall ever be used, directly or indirectly, for the purpose of purchasing or carrying any Margin Stock or for the purpose of reducing or retiring any debt which was originally incurred to purchase or carry any Margin Stock or to extend credit to others for the purpose of purchasing or carrying any Margin Stock or which would constitute this transaction a “purpose credit” within the meaning of Regulation U, as now or hereafter in effect.
Appears in 10 contracts
Samples: Credit Agreement, Senior Secured Credit Agreement (Homebanc Corp), Senior Secured Credit Agreement (Homebanc Corp)
Not Purpose Credit. None of the proceeds of this note shall ever be used, directly or indirectly, for the purpose of purchasing or carrying any Margin Stock or for the purpose of reducing or retiring any debt which was originally incurred to purchase or carry any Margin Stock or to extend credit to others for the purpose of purchasing or carrying any Margin Stock or which would constitute this transaction a “"purpose credit” " within the meaning of Regulation U, as now or hereafter in effect.
Appears in 5 contracts
Samples: Senior Secured Credit Agreement (Sunset Financial Resources Inc), Senior Secured Credit Agreement (American Business Financial Services Inc /De/), Senior Secured Credit Agreement (Long Beach Financial Corp)
Not Purpose Credit. None of the proceeds of this note shall ever be used, directly or indirectly, for the purpose of purchasing or carrying any Margin Stock "margin stock" as defined in Regulation U of the Board of Governors of the Federal Reserve System or for the purpose of reducing or retiring any debt which was originally incurred to purchase or carry any Margin Stock "margin stock" or to extend credit to others for the purpose of purchasing or carrying any Margin Stock "margin stock" or which would constitute this transaction a “"purpose credit” " within the meaning of Regulation U, as now or hereafter in effect.
Appears in 2 contracts
Samples: Warehouse Agreement (Firstcity Financial Corp), Temporary Additional Warehouse Note (Firstcity Financial Corp)
Not Purpose Credit. None of the proceeds of this note shall ever be used, directly or indirectly, for the purpose of purchasing or carrying any Margin Stock or for the purpose of reducing or retiring any debt which was originally incurred to purchase or carry any Margin Stock or to extend credit to others for the purpose of purchasing or carrying any Margin Stock or which would constitute this transaction a “"purpose credit” " within the meaning of Regulation U, as now or hereafter in effect.. 103
Appears in 1 contract
Samples: Senior Secured Credit Agreement (Long Beach Financial Corp)
Not Purpose Credit. None of the proceeds of this note shall ever be used, directly or indirectly, for the purpose of purchasing or carrying any Margin Stock or for the purpose of INITIALED FOR IDENTIFICATION: /s/ reducing or retiring any debt which was originally incurred to purchase or carry any Margin Stock or to extend credit to others for the purpose of purchasing or carrying any Margin Stock or which would constitute this transaction a “purpose credit” within the meaning of Regulation U, as now or hereafter in effect.
Appears in 1 contract
Samples: Senior Credit Note (Homebanc Corp)
