Common use of Regulation U Compliance Clause in Contracts

Regulation U Compliance. The Borrower shall not use any portion of the proceed of any Loan for the purpose of purchasing or carrying any Margin Stock or for any other purpose in violation of any requirement of Law or of the terms and conditions of this Agreement.

Appears in 2 contracts

Samples: Credit Agreement (Om Group Inc), Credit Agreement (Om Group Inc)

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Regulation U Compliance. The Borrower None of the Borrowers shall not use any portion of the proceed proceeds of any Loan for the purpose of purchasing or carrying any Margin Stock Stock, or for any other purpose purpose, in violation violation, in each case, of any requirement of Law or of the terms and conditions of this Agreement.

Appears in 1 contract

Samples: Credit and Security Agreement (Instron Lawrence Corp)

Regulation U Compliance. The Borrower shall not use any portion of the proceed proceeds of any Loan for the purpose of purchasing or carrying any Margin Stock or for any other purpose in violation of any requirement of Law or of the terms and conditions of this Agreement.

Appears in 1 contract

Samples: Credit and Security Agreement (Olympic Steel Inc)

Regulation U Compliance. The Borrower shall not use any portion of the proceed proceeds of any Loan for the purpose of purchasing or carrying any Margin Stock "margin stock" or for any other purpose in violation of any requirement of Law or of the terms and conditions of this Agreement.

Appears in 1 contract

Samples: Credit and Security Agreement (Diy Home Warehouse Inc)

Regulation U Compliance. The Borrower shall not use any portion of the proceed proceeds of any Loan the Term Loans for the purpose of purchasing or carrying any Margin Stock margin stock, as that term is defined in Regulations U and X of the Board of Governors of the Federal Reserve System, or for any other purpose in violation of any requirement of Law or of the terms and conditions of this Agreement.

Appears in 1 contract

Samples: Credit and Security Agreement (Ceres Group Inc)

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Regulation U Compliance. The No Borrower shall not use any portion of the proceed proceeds of any Revolving Credit Loan for the purpose of purchasing or carrying any Margin Stock or for any other purpose in violation of any requirement of Law Law, to purchase or carry margin stock (as defined in Regulation U), or in violation of the terms and conditions of this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Unova Inc)

Regulation U Compliance. The No Borrower shall not use any portion of the proceed proceeds of any Loan for the purpose of purchasing or carrying any Margin Stock or for any other purpose Advance, in violation of any requirement of Law including Regulation U or of the terms and conditions of this Agreement.

Appears in 1 contract

Samples: Credit and Security Agreement (Hawk Corp)

Regulation U Compliance. The No Borrower shall not use any portion of the proceed proceeds of any Loan Advance for the purpose of purchasing or carrying any Margin Stock (as defined in Section 5.16 or for any other purpose in violation of any requirement of Law Regulation U or of the terms and conditions of this Agreement.

Appears in 1 contract

Samples: Credit and Security Agreement (Erico Products Inc)

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