Common use of Securities Activities Clause in Contracts

Securities Activities. A. Neither Borrowers nor any of their Subsidiaries is engaged principally, or as one of its important activities, in the business of extending credit for the purpose of purchasing or carrying any Margin Stock. B. Following the application of the proceeds of each Credit Extension, not more than 25% of the value of the assets (either of the Borrowers only or of the Borrowers and their Subsidiaries on a consolidated basis) subject to the provisions of subsection 7.2 or 7.7 or subject to any restriction contained in any agreement or instrument, between Borrowers and any Lender or any Affiliate of any Lender, relating to Indebtedness and within the scope of subsection 8.2, will be Margin Stock.

Securities Activities. A. Neither Borrowers Borrower nor any of their its Subsidiaries is engaged principally, or as one of its important activities, in the business of extending credit for the purpose of purchasing or carrying any Margin Stock. B. Following the application of the proceeds of each Credit ExtensionLoan, not more than 25% of the value of the assets (either of the Borrowers only Borrower only, Borrower and any of its Subsidiaries or of the Borrowers Borrower and their its Subsidiaries on a consolidated basis) subject to the provisions of subsection 7.2 or 7.7 or subject to any restriction contained in any agreement or instrument, between Borrowers Borrower and any Lender or any Affiliate of any Lender, relating to Indebtedness and within the scope of subsection 8.2, will be Margin Stock.

Securities Activities. A. Neither Borrowers Parent nor any of their its Subsidiaries is engaged principally, or as one of its important activities, in the business of extending credit for the purpose of purchasing or carrying any Margin Stock. B. Following the application of the proceeds of each Credit ExtensionLoan, not more than 25% of the value of the assets (either of the Borrowers Borrower only or of the Borrowers Borrower and their its Subsidiaries on a consolidated basis) subject to the provisions of subsection 7.2 or 7.7 or subject to any restriction contained in any agreement or instrument, between Borrowers Borrower and any Lender or any Affiliate of any Lender, relating to Indebtedness and within the scope of subsection 8.2, will be Margin Stock.

Securities Activities. A. Neither Borrowers Borrower nor any of their its Subsidiaries is engaged principally, or as one of its important activities, in the business of extending credit for the purpose of purchasing or carrying any Margin Stock. B. Following the application of the proceeds of each Credit ExtensionLoan, not more than 25% of the value of the assets (either of the Borrowers only Borrower or of the Borrowers Borrower and their its Subsidiaries on a consolidated basis) subject to the provisions of subsection subsections 7.2 or and 7.7 or subject to any restriction contained in any agreement or instrument, between Borrowers Borrower and any Lender or any Affiliate of any Lender, relating to Indebtedness and within the scope of subsection 8.2, will be Margin Stock.

Securities Activities. A. Neither Borrowers nor any of their Restricted Subsidiaries is engaged principally, or as one of its important activities, in the business of extending credit for the purpose of purchasing or carrying any Margin Stock. B. Following the application of the proceeds of each Credit ExtensionLoan, not more than 25% of the value of the assets (either of the Borrowers only or of the Borrowers and their Restricted Subsidiaries on a consolidated basis) subject to the provisions of subsection 7.2 or 7.7 or subject to any restriction contained in any agreement or instrument, between Borrowers and any DIP Lender or any Affiliate of any DIP Lender, relating to Indebtedness and within the scope of subsection 8.2, will be Margin Stock.

Securities Activities. A. Neither Borrowers Borrower nor any of their its Subsidiaries is engaged principally, or as one of its important activities, in the business of extending credit for the purpose of purchasing or carrying any Margin Stock. B. Following the application of the proceeds of each Credit ExtensionLoan, not more than 25% of the value of the assets (either of the Borrowers Borrower only or of the Borrowers Borrower and their its Subsidiaries on a consolidated basis) subject to the provisions of subsection 7.2 or 7.7 7.6 or subject to any restriction contained in any agreement or instrument, between Borrowers Borrower and any Lender or any Affiliate of any Lender, relating to Indebtedness and within the scope of subsection 8.2, will be Margin Stock.

Securities Activities. A. Neither Borrowers Borrower nor any of their its Subsidiaries is engaged principally, or as one of its important activities, in the business of extending credit for the purpose of purchasing or carrying any Margin Stock. B. Following the application of the proceeds of each Credit ExtensionLoan, not more than 25% of the value of the assets (either of the Borrowers Borrower only or of the Borrowers Borrower and their its Subsidiaries on a consolidated basis) subject to the provisions of subsection 7.2 or 7.7 7.5 or subject to any restriction contained in any agreement or instrument, between Borrowers Borrower and any Lender or any Affiliate of any Lender, relating to Indebtedness and within the scope of subsection 8.2, will be Margin Stock.

Securities Activities. A. Neither Borrowers Borrower nor any of their its Subsidiaries is engaged principally, or as one of its important activities, in the business of extending credit for the purpose of purchasing or carrying any Margin Stock. B. Following the application of the proceeds of each Credit ExtensionLoan, not more than 25% of the value of the assets (either of the Borrowers Borrower only or of the Borrowers Borrower and their its Subsidiaries on a consolidated basis) subject to the provisions of subsection 7.2 7.1 or 7.7 7.3 or subject to any restriction contained in any agreement or instrument, instrument between Borrowers Borrower and any Lender or any Affiliate of any Lender, relating to Indebtedness and within the scope of subsection 8.2, will be Margin Stock.. 44 SAFEWAY TERM CREDIT AGREEMENT

Securities Activities. A. Neither Borrowers Borrower nor any of their its Subsidiaries is engaged principally, or as one of its important activities, in the business of extending credit for the purpose of purchasing or carrying any Margin Stock. B. . Following the application of the proceeds of each Credit ExtensionLoan, not more than 25% of the value of the assets (either of the Borrowers Borrower only or of the Borrowers Borrower and their its Subsidiaries on a consolidated basis) subject to the provisions of subsection 7.2 8.2.5 or 7.7 8.2.9 or subject to any restriction contained in any agreement or instrument, between Borrowers Borrower and any Lender or any Affiliate of any Lender, relating to Indebtedness and within the scope of subsection 8.2Indebtedness, will be Margin Stock.