Common use of Regulation X Clause in Contracts

Regulation X. The Borrower has not obtained the credit granted herein for the purpose of purchasing or carrying any securities (within the meaning of Regulation X of the Board of Governors of the Federal Reserve System) and no part of the proceeds of any Advance shall be used for any purpose which will contravene the purpose of said Regulation X.

Appears in 2 contracts

Sources: Term Loan Agreement (SharpLink Gaming Ltd.), Revolving Credit Agreement (SharpLink Gaming Ltd.)