Common use of Regulation T, U or X Clause in Contracts

Regulation T, U or X. The Borrower is not engaged in the business of extending credit for the purpose of purchasing or carrying margin stock, and no proceeds of any credit obtained under this Agreement shall be used for a purpose which violates, or would be inconsistent with, Regulation T, U or X of the FRB. Terms for which meanings are provided in Regulation T, U or X of the FRB or any regulations substituted therefor, as from time to time in effect, are used in this Section with such meanings.

Appears in 4 contracts

Samples: Revolving Credit Facility (Gatos Silver, Inc.), Revolving Credit Facility (Gatos Silver, Inc.), Revolving Credit Facility (Gatos Silver, Inc.)

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