Common use of REGULATIONS G AND U Clause in Contracts

REGULATIONS G AND U. Borrower is not engaged in the business of extending credit for the purpose of purchasing or carrying "margin stock", as such term is used in Regulations G or U promulgated by the Board of Governors of the Federal Reserve System as amended from time to time. No part of the proceeds of the Loan will be used to purchase or carry any margin stock or to extend credit to others for the purpose of purchasing or carrying any "margin stock". Borrower does not own any "margin stock".

Appears in 8 contracts

Samples: Loan and Security Agreement (Crown Laboratories Inc /De/), Loan and Security Agreement (Equalnet Holding Corp), Loan and Security Agreement (Roadhouse Grill Inc)

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REGULATIONS G AND U. Borrower is not engaged in the business of extending credit for the purpose of purchasing or carrying "margin stock", as such term is used in Regulations G or U promulgated by the Board of Governors of the Federal Reserve System as amended from time to time. time No part of the proceeds of the Loan will be used to purchase or carry any margin stock or to extend credit to others for the purpose of purchasing or carrying any "margin stock". Borrower does not own any "margin stock".

Appears in 1 contract

Samples: Loan and Security Agreement (Amnex Inc)

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