Common use of Regulations T, U and X; Investment Company Act Clause in Contracts

Regulations T, U and X; Investment Company Act. No part of the proceeds of any Loan or other extension of credit hereunder will be used to purchase or carry, or to extend credit to others for the purpose of purchasing or carrying, any “margin stock” (as such term is defined in Regulations T, U and X) in violation of Regulations T, U and X. Borrower is not engaged principally, or as one of its important activities, in the business of extending credit for the purpose of purchasing or carrying any such “margin stock.” Borrower is not required to be registered as an “investment company” under the Investment Company Act of 1940.

Appears in 2 contracts

Samples: Loan Agreement (Mohegan Tribal Gaming Authority), Loan Agreement (Mohegan Tribal Gaming Authority)

AutoNDA by SimpleDocs

Regulations T, U and X; Investment Company Act. No part of the proceeds of any the Loan or other extension of credit hereunder will be used to purchase or carry, or to extend credit to others for the purpose of purchasing or carrying, any “margin stock” (as such term is defined in Regulations T, U and X) or will otherwise be used in violation of Regulations T, U and X. Borrower is not None of the Loan Parties are engaged principally, or as one of its their important activities, in the business of extending credit for the purpose of purchasing or carrying any such “margin stock.” Borrower is not None of the Loan Parties are required to be registered as an “investment company” under the Investment Company Act of 1940.

Appears in 1 contract

Samples: Term Loan Agreement (Molina Healthcare Inc)

Regulations T, U and X; Investment Company Act. No part of the proceeds of any Loan or other extension of credit hereunder will be used to purchase or carry, or to extend credit to others for the purpose of purchasing or carrying, any “margin stock” (as such term is defined in Regulations T, U and X) in violation of Regulations T, U and X. Borrower is and its Subsidiaries are not engaged principally, or as one of its their important activities, in the business of extending credit for the purpose of purchasing or carrying any such “margin stock.” Borrower is and its Subsidiaries are not required to be registered as an “investment company” under the Investment Company Act of 1940.

Appears in 1 contract

Samples: Loan Agreement (NGA Holdco, LLC)

Regulations T, U and X; Investment Company Act. No part of the proceeds of any Loan or other extension of credit hereunder will be used to purchase or carry, or to extend credit to others for the purpose of purchasing or carrying, any "margin stock" (as such term is defined in Regulations T, U and X) in violation of Regulations T, U and X. Borrower is not engaged principally, or as one of its important activities, in the business of extending credit for the purpose of purchasing or carrying any such "margin stock." Borrower is not required to be registered as an "investment company" under the Investment Company Act of 1940.

Appears in 1 contract

Samples: Loan Agreement (Station Casinos Inc)

AutoNDA by SimpleDocs

Regulations T, U and X; Investment Company Act. No part of the proceeds of any Loan or other extension of credit hereunder will be used to purchase or carry, or to extend credit to others for the purpose of purchasing or carrying, any "margin stock" (as such term is defined in Regulations T, U and X) in violation of Regulations T, U and X. Borrower is and its Subsidiaries are not engaged principally, or as one of its their important activities, in the business of extending credit for the purpose of purchasing or carrying any such "margin stock." Borrower is and its Subsidiaries are not required to be registered as an "investment company" under the Investment Company Act of 1940.

Appears in 1 contract

Samples: Loan Agreement (Eldorado Resorts LLC)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!