Common use of Securities Activities Clause in Contracts

Securities Activities. A. No Loan Party nor any of 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 application of the proceeds of each Loan, not more than 25% of the value of the assets (either of Borrower only or of Borrower and 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 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. No Loan Party nor any of 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 application of the proceeds of each Loan, not more than 25% of the value of the assets (either of Borrower Company only or of Borrower Company and 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, instrument between Borrower Company and any Lender or any Affiliate of any Lender, Lender relating to Indebtedness and within the scope of subsection 8.2, will be Margin Stock.

Securities Activities. A. No Loan Party Neither Parent nor any of 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 application of the proceeds of each Loan, not more than 25% of the value of the assets (either of Borrower the Borrowers only or of Borrower Parent and its Subsidiaries on a consolidated basis) subject to the provisions of subsection 7.2 6.2 or 7.7 6.7 or subject to any restriction contained in any agreement or instrument, between any Borrower and any Lender or any Affiliate of any Lender, relating to Indebtedness and within the scope of subsection 8.27.2, will be Margin Stock.

Securities Activities. A. No Loan Party nor any of 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 application of the proceeds of each Revolving Loan, not more than 25% of the value of the assets (either of Borrower Company only or of Borrower Company and 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 Borrower Company and any Lender or any Affiliate of -72- 80 any Lender, relating to Indebtedness and within the scope of subsection 8.2, will be Margin Stock.

Securities Activities. A. No Loan Credit Party nor any of 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 application of the proceeds of each Loan, not more than twenty-five percent (25% %) of the value of the assets (either of Borrower only a Credit Party alone or of Borrower and a Credit Party together with 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 Borrower and any Lender or any Affiliate of any Lender, relating to Indebtedness and within the scope of subsection 8.27.2, will be Margin Stock.

Securities Activities. A. No Loan Party nor any of Borrower and its Subsidiaries is 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 Margin Stock. B. Following application of the proceeds of each Loan, not more than 25% of the value of the assets (either whether of Borrower only or of Borrower and 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 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. No Neither any Loan Party nor any of its the Company's 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 application of the proceeds of each Loan, not more than 25% of the value of the assets (either of Borrower the Company only or of Borrower the Company and its Subsidiaries on a consolidated basis) subject to the provisions of subsection 7.2 or 7.7 6.7 or subject to any restriction contained in any agreement or instrument, between Borrower the Company 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. No Loan Party Neither Holdings nor any of 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 application of the proceeds of each Loan, not more than 25% of the value of the assets (either of Borrower Holdings only or of Borrower Holdings and its Subsidiaries on a consolidated basis) subject to the provisions of subsection 7.2 6.2 or 7.7 6.7 or subject to any restriction contained in any agreement or instrument, between Borrower any Loan Party, on the one had, and any Lender or any Affiliate of any Lender, on the other hand, relating to Indebtedness and within the scope of subsection 8.27.2, will be Margin Stock.

Securities Activities. A. No Loan Party Neither the Borrower nor any of 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 LoanCredit Extension, not more than 25% of the value of the assets (either of the Borrower only or of the Borrower and 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 Borrower any Loan Party 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. No Loan Party nor any of 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 application of the proceeds of each Loan, not more than 25% of the value of the assets (either of Borrower Company only or of Borrower Holdings and 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 Borrower Company 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. No Loan Party Neither the Company nor any of 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 LoanCredit Extension, not more than 25% of the value of the assets (either of the Borrower only or of Borrower the Company and 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 Borrower any Loan Party 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. No Loan Party Neither Company nor any of 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 application of the proceeds of each Loan, not more than 25% of the value of the assets (either of Borrower Company only or of Borrower Company and its Subsidiaries on a consolidated basis) subject to the provisions of subsection 7.2 6.2 or 7.7 6.7 or subject to any restriction contained in any agreement or instrument, between Borrower any Loan Party, on the one hand, and any Lender or any Affiliate of any Lender, on the other hand, relating to Indebtedness and within the scope of subsection 8.27.2, will be Margin Stock.

Securities Activities. A. No Loan Party Neither Company nor any of 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 application of the proceeds of each Loan, not more than 25% of the value of the assets (whether of either of Borrower Credit Agreement Party only or of Borrower such Credit Agreement Party and 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, 80 between Borrower either Credit Agreement Party and any Lender or any Affiliate of any Lender, relating to Indebtedness and within the scope of subsection 8.2, will be Margin Stock.