Common use of Regulation U Clause in Contracts

Regulation U. The Borrower is not engaged principally in, nor is one of the Borrower's important activities, the business of extending credit for the purpose of purchasing or carrying "margin stock" within the meaning of Regulation U of the Board of Governors of the Federal Reserve System as now and from time to time hereinafter in effect.

Regulation U. The Borrower is not engaged principally in, nor is one of the Borrower's ’s important activities, the business of extending credit for the purpose of purchasing or carrying "“margin stock" ” within the meaning of Regulation U of the Board of Governors of the Federal Reserve System as now and from time to time hereinafter in effect.

Regulation U. The Borrower is not engaged principally inprincipally, nor is or as one of the Borrower's its important activities, in the business of extending credit for the purpose of purchasing or carrying "margin stock" stock (within the meaning of Regulation U of the Board of Governors of the Federal Reserve System as now and from time to time hereinafter in effectSystem).

Regulation U. The Borrower is not engaged principally inprincipally, nor is or as one of the Borrower's its important activities, in the business of extending credit for the purpose of purchasing or carrying "“margin stock" within the meaning of ” as defined in Regulation U of the Board of Governors of the Federal Reserve System as now and from time to time hereinafter in effectFRB.

Regulation U. The Borrower is not engaged principally in, nor is one of the Borrower's important activities, the business of extending credit for the purpose of purchasing or carrying "margin stock" within the meaning of Regulation U of the Board of Governors of the Federal Reserve System as now and from time to time hereinafter in effect.

Regulation U. The Borrower is not engaged principally in, nor is one of the Borrower's ’s important activities, the business of extending credit for the purpose of purchasing or carrying "“margin stock" ” within the meaning of Regulation U of the Board of Governors of the Federal Reserve System as now and from time to time hereinafter in effect.

Regulation U. The Borrower is not engaged principally in, nor is or as one of the Borrower's its important activities, activities in the business of extending credit for the purpose of purchasing or carrying "margin stock" stock within the meaning of Regulation U of the Board of Governors of the Federal Reserve System as now and from time to time hereinafter in effectSystem.

Regulation U. The Borrower is not engaged principally in, nor is one of the Borrower's ’s important activities, the business of extending credit for the purpose of purchasing or carrying "“margin stock" ” within the meaning of Regulation U of the Board of Governors of the Federal Reserve System as now and from time to time hereinafter in effect.

Regulation U. The Borrower is not engaged principally inprincipally, nor is or as one of the Borrower's important activities, in the business of extending credit for the purpose of purchasing or carrying "margin stock" stock (within the meaning of Regulation U of the Board of Governors of the Federal Reserve System System), and will not use the proceeds of the Loan so as now and to violate Regulation U as it may be amended or interpreted from time to time hereinafter in effectby the Board of Governors of the Federal Reserve System.

Regulation U. The Borrower is not engaged principally inprincipally, nor is or as one of the Borrower's its important activities, in the business of extending credit for the purpose of purchasing or carrying "margin stock" stock within the meaning of Regulation U of the Board of Governors of the Federal Reserve System as now and from System. No part of the Indebtedness shall be used at any time to time hereinafter in effect.purchase or to carry margin stock within the meaning of Regulation U or to extend credit to others for the purpose of purchasing or carrying any margin stock if to do so would cause any Lender to violate the provisions of Regulation U.

Regulation U. The Borrower is not engaged principally inprincipally, nor is or as one of the Borrower's its important activities, in the business of extending credit for the purpose of purchasing or carrying "margin stock" stock (within the meaning of Regulation U of the Board of Governors of the Federal Reserve System as now and from time to time hereinafter in effectSystem).

Regulation U. The Borrower is not engaged principally inprincipally, nor is or as one of the Borrower's important activities, in the business of extending credit for the purpose of purchasing or carrying "margin stock" stock (within the meaning of Regulation U of the Board of Governors of the Federal Reserve System System), and will not use the proceeds of the Advances so as now and to violate Regulation U as it may be amended or interpreted from time to time hereinafter in effectby the Board of Governors of the Federal Reserve System.

Regulation U. The Borrower is not engaged principally inprincipally, nor is or as one of the Borrower's ’s important activities, in the business of extending credit for the purpose of purchasing or carrying "margin stock" stock (within the meaning of Regulation U of the Board of Governors of the Federal Reserve System System); and will not use the proceeds of the Loan so as now and to violate Regulation U as it may be amended or interpreted from time to time hereinafter in effectby the Board of Governors of the Federal Reserve System.

Regulation U. The Borrower is not engaged principally inprincipally, nor is or as one of the Borrower's its ------------ important activities, in the business of extending credit for the purpose of purchasing or carrying any "margin stock" within the meaning of Regulation Regulations T or U of the Board of Governors of the Federal Reserve System System, as now and from time to time hereinafter in effectamended.

Regulation U. The Borrower is not engaged principally inprincipally, nor is or as one ------------ of the Borrower's its important activities, in the business of extending credit for the purpose purposes of purchasing or carrying any "margin stock" within the meaning of Regulation U of the Board of Governors of the Federal Reserve System as now System; and from time to time hereinafter in effectneither Borrower nor any of its Subsidiaries is an "investment company" within the meaning of the Investment Company Act of 1940.

Regulation U. The Borrower is not engaged principally inprincipally, nor is or as one of the Borrower's its important activities, in the business of extending credit for the purpose of purchasing or carrying "margin stock" stock within the meaning of Regulation U of the Board of Governors of the Federal Reserve System System. Not more than twenty-five percent (25%) of the assets of Borrower or of any Subsidiary of Borrower consists of margin stock, within the contemplation of Regulation U, as now and from time to time hereinafter in effectamended.

Regulation U. The Borrower is not engaged principally inprincipally, nor is or as one of the Borrower's important activities, its principal activities in the business of extending credit for the purpose of purchasing or carrying "margin stock" stock (within the meaning of Regulation Regulations G, T, U of the Board of Governors or X of the Federal Reserve System as now and from time to time hereinafter in effect.Board). No part of the proceeds of the Loans will be used by

Regulation U. The Borrower is not engaged principally inprincipally, nor is or as one of the Borrower's ’s important activities, in the business of extending credit for the purpose of purchasing or carrying "margin stock" stock (within the meaning of Regulation U or Regulation G of the Board of Governors of the Federal Reserve System System), and will not use the proceeds of the Loan so as now and to violate Regulation U or Regulation G as it may be amended or interpreted from time to time hereinafter in effectby the Board of Governors of the Federal Reserve System.

Regulation U. The Borrower is not engaged principally inprincipally, nor is or as one of the Borrower's ’s important activities, in the business of extending credit for the purpose of purchasing or carrying "margin stock" stock (within the meaning of Regulation U of the Board of Governors of the Federal Reserve System System), and will not use the proceeds of the Loans so as now and to violate Regulation U as it may be amended or interpreted from time to time hereinafter in effectby the Board of Governors of the Federal Reserve System.

Regulation U. The Borrower is not engaged principally inprincipally, nor is or as one of the Borrower's its important activities, in the business of extending credit for the purpose purpose, whether immediate, incidental or ultimate of purchasing buying or carrying "margin stock" stock (within the meaning of Regulation U of the Board of Governors of the Federal Reserve System as now and from time to time hereinafter in effect.or Regulation X.

Regulation U. The Borrower is not principally engaged principally in, nor is does it have as one of the Borrower's its important activities, the business of extending credit for the purpose of purchasing or carrying "any “margin stock" within the meaning of ” (as defined in Regulation U of the Board of Governors of the Federal Reserve System as now and from time to time hereinafter in effectSystem).

Regulation U. The Borrower is not engaged principally in, nor is one of the Borrower's ’s important activities, the business of extending credit for the purpose of purchasing or carrying "margin stock" within the meaning of Regulation U of the Board of Governors of the Federal Reserve System as now and from time to time hereinafter in effect.

Regulation U. The Borrower is not engaged principally inprincipally, nor is or as one of the Borrower's its ------------ important activities, in the business of extending credit for the purpose purposes of purchasing or carrying any "margin stock" within the meaning of Regulation U of the Board of Governors of the Federal Reserve System as now System; and from time to time hereinafter in effectneither Borrower nor any of its Subsidiaries is an "investment company" within the meaning of the Investment Company Act of 1940.

Regulation U. The Borrower is not engaged principally in, nor is one of the Borrowerborrower's important activities, the business of extending credit for the purpose of purchasing or carrying "margin stock" within the meaning of Regulation U of the Board of Governors of the Federal Reserve System as now and from time to time hereinafter in effect.

Regulation U. The Borrower is not engaged principally inprincipally, nor is or as one of the Borrower's its important activities, in the business of extending credit for the purpose purposes of purchasing or carrying "any “margin stock" ” within the meaning of Regulation U of the Board of Governors of the Federal Reserve System as now System; and from time to time hereinafter in effectneither Borrower nor any of its Subsidiaries is an “investment company” within the meaning of the Investment Company Act of 1940.

Regulation U. The Borrower is not engaged principally inprincipally, nor is or as one of the Borrower's ’s important activities, in the business of extending credit for the purpose of purchasing or carrying "margin stock" stock (within the meaning of Regulation U Li of the Board of Governors of the Federal Reserve System System), and will not use the proceeds of the Loan so as now and to violate Regulation U as it may be amended or interpreted from time to time hereinafter in effectby the Board of Governors of the Federal Reserve System.