Use of Proceeds and Margin Security; Governmental Regulation. (a) No portion of the proceeds from the making of the Loans will be used by the Borrower, a Loan Party or any other Person in any manner that might cause the borrowing or the application of such proceeds to violate Regulation T, Regulation U or Regulation X or any other regulation of the Board of Governors of the Federal Reserve System. Nor is Borrower engaged principally, or as one of its principal activities in the business of extending credit for the purpose of purchasing or carrying margin stock (as defined or used in Regulation T, U or X of the Federal Reserve Board).
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Samples: Credit Agreement (Sunrun Inc.), Credit Agreement (Sunrun Inc.), Guaranty and Security Agreement (Sunrun Inc.)
Use of Proceeds and Margin Security; Governmental Regulation. (a) No portion of the proceeds from the making of the Loans will be used by the Borrower, a Loan Party, a Contribution Party or any other Person in any manner that might cause the borrowing or the application of such proceeds to violate Regulation T, Regulation U or Regulation X or any other regulation of the Board of Governors of the Federal Reserve System. Nor is Borrower engaged principally, or as one of its principal activities in the business of extending credit for the purpose of purchasing or carrying margin stock (as defined or used in Regulation T, U or X of the Federal Reserve Board).
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Samples: Credit Agreement (Sunrun Inc.), Credit Agreement (Sunrun Inc.)
Use of Proceeds and Margin Security; Governmental Regulation. (a) No portion of the proceeds from the making of the Loans will be used by the Borrower, a Loan Party any SREC Seller Party, the Sponsor or any other Person in any manner that might cause the borrowing or the application of such proceeds to violate Regulation T, Regulation U or Regulation X or any other regulation of the Board of Governors of the Federal Reserve System. Nor is Borrower engaged principally, or as one of its principal activities in the business of extending credit for the purpose of purchasing or carrying margin stock (as defined or used in Regulation T, U or X of the Board of Governors of the Federal Reserve BoardSystem).
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