US Margin Regulations. No part of the proceeds of any Loan will be used for any purpose which violates the provisions of the regulations of the Federal Reserve Board.
US Margin Regulations. No part of the proceeds of any Utilisation will be used (i) in contravention of Regulation T, U or X of the Federal Reserve Board, or (ii) for “buying” or “carrying” (within the meaning of Regulation T, U or X) any Margin Stock or to extend credit to others for the purpose of buying or carrying any Margin Stock, other than in the case of clause (ii), that a portion of the proceeds of any Utilisation may be used to make Restricted Payments permitted under paragraph (e) of the definition of Permitted Restricted Payments or as consideration to finance Permitted Acquisitions. Following the application of the proceeds of each Utilisation, not more than twenty five per cent. (25%) of the value of the assets of the Obligors subject to any restriction contained in this Agreement or any other agreement or instrument between the Obligors, on the one hand, and any Lender or Affiliate of any Lender, on the other hand, relating to Financial Indebtedness will be Margin Stock.
US Margin Regulations. (a) No Obligor shall use any part of the proceeds of any Loan, whether directly or indirectly, and whether immediately, incidentally or ultimately, for any purpose which violates the provisions of the regulations of the Federal Reserve Board.
US Margin Regulations. The use of Advances will not contravene any of Regulation T, Regulation U or Regulation X.
US Margin Regulations. The Borrower is not engaged in the business of extending credit for the purpose of purchasing or carrying Margin Stock and, additionally, following the application of the proceeds of the Utilisation, not more than 25 percent of the value of the assets of the Obligors (on a consolidated basis) will be invested in Margin Stock.
US Margin Regulations. No proceeds of the Utilisation will be used to purchase or carry any carrying Margin Stock or to extend credit to others for the purpose of purchasing or carrying any such Margin Stock in contravention of Regulation T, U or X of the Federal Reserve Board.
US Margin Regulations. Each Obligor shall ensure that none of the proceeds of the Loan will be used for the immediate, incidental or ultimate purpose of buying or carrying any Margin Stock (other than in connection with the acquisition of the shares in the Target pursuant to the Transaction Documents) or in any event in violation of Regulation U or Regulation X.
US Margin Regulations. No Obligor may use any Loan, directly or indirectly, for any purpose in violation of the Margin Regulations.
US Margin Regulations. No part of the proceeds of any Utilisation will be used, whether directly or indirectly, and whether immediately, incidentally or ultimately, for “buying” or “carrying” any Margin Stock or to extend credit to others for the purpose of “buying” or “carrying” any Margin Stock (in each case within the meaning of Regulation T, U or X) or for any purpose which violates the provisions of the regulations of the Federal Reserve Board.
US Margin Regulations. No part of the proceeds of any Utilisation will be used (i) in contravention of Regulation T, U or X of the Federal Reserve Board, or (ii) for "buying" or "carrying" (within the meaning of Regulation T, U or X) any Margin Stock or to extend credit to others for the purpose of buying or carrying any Margin Stock. Following the application of the proceeds of each Utilisation, not more than twenty-five per cent. (25%) of the value of the assets of the Obligors subject to any restriction contained in this Agreement or any other agreement or instrument between the Obligors, on the one hand, and any Lender or Affiliate of any Lender, on the other hand, relating to Financial Indebtedness will be Margin Stock.
