Common use of U and X Clause in Contracts

U and X. No portion of any Loan is to be used by any Borrower for the purpose of purchasing or carrying any "margin security" or "margin stock" as such terms are used in Regulations U and X of the Board of Governors of the Federal Reserve System, 12 C.F.R. Parts 221 and 224.

Appears in 1 contract

Samples: Master Credit Agreement (Wellsford Real Properties Inc)

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U and X. No portion of any the Loan is to be used by any Borrower for the purpose of purchasing or carrying any "margin security" or "margin stock" as such terms are used in Regulations U and X of the Board of Governors of the Federal Reserve System, 12 C.F.R. Parts 221 and 224.

Appears in 1 contract

Samples: Credit and Term Loan Agreement (Chartermac)

U and X. No portion of any Loan is to be used by any Borrower for the purpose of purchasing or carrying any "margin security" or "margin stock" as such terms are used in Regulations U and X of the Board of Governors of the Federal Reserve System, 12 C.F.R. Parts 221 and 224.

Appears in 1 contract

Samples: Revolving Credit Agreement (Crescent Real Estate Equities LTD Partnership)

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U and X. No portion of any Loan is to be used by any Borrower for the purpose of purchasing or carrying any "margin security" or "margin stock" as such terms are used in Regulations U and X of the Board of Governors of the Federal Reserve System, 12 C.F.R. Parts 221 and 224.

Appears in 1 contract

Samples: Credit and Security Agreement (Maxxam Inc)

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