REGULATION U/REGULATION X COMPLIANCE. The proceeds of Loans made to the Borrowers pursuant to this Agreement will be used only for the purposes contemplated by Section 11.2(f) hereof. No part of the proceeds of Loans made to the Borrowers will be used for a purpose which violates any applicable law, rule, or regulation including, without limitation, the provisions of Regulation U or X of the Board of Governors of the Federal Reserve System, as amended.
Appears in 2 contracts
Samples: Restructure Agreement (Peak Resorts Inc), Master Credit and Security Agreement (Peak Resorts Inc)
REGULATION U/REGULATION X COMPLIANCE. The proceeds of Loans Loan made to the Borrowers pursuant to this Agreement will be used only for the purposes contemplated by Section 11.2(f) hereof. No part of the proceeds of Loans Loan made to the Borrowers will be used for a purpose which violates any applicable law, rule, or regulation including, without limitation, the provisions of Regulation U or X of the Board of Governors of the Federal Reserve System, as amended.
Appears in 2 contracts
Samples: Credit and Security Agreement (Peak Resorts Inc), Credit and Security Agreement (Peak Resorts Inc)
REGULATION U/REGULATION X COMPLIANCE. The proceeds of Revolving Credit Loans made to the Borrowers pursuant to this Agreement will be used only for the purposes contemplated by Section 11.2(f5.2(g) hereof. No part of the proceeds of Revolving Credit Loans made to the Borrowers pursuant to this Agreement will be used for a purpose which violates any applicable lawLaw, rule, or regulation including, without limitation, the provisions of Regulation U or X of the Board of Governors of the Federal Reserve System, as amended.
Appears in 1 contract
Samples: Credit Agreement (Unova Inc)