Common use of Use of Proceeds; Margin Regulations Clause in Contracts

Use of Proceeds; Margin Regulations. Borrower will use the proceeds of the Loan for the purposes described in Section 2.2. No part of the proceeds of the Loan will be used for the purpose of purchasing or acquiring any “margin stock” within the meaning of Regulation U of the Board of Governors of the Federal Reserve System or for any other purpose which would be inconsistent with such Regulation U or any other Regulations of such Board of Governors, or for any purposes prohibited by Legal Requirements.

Appears in 28 contracts

Samples: Loan Agreement (Thomas Properties Group Inc), Loan Agreement (Thomas Properties Group Inc), Loan Agreement (Affordable Residential Communities Inc)

AutoNDA by SimpleDocs

Use of Proceeds; Margin Regulations. Each Borrower will use the proceeds of the Loan for the purposes described in Section 2.2. No part of the proceeds of the Loan will be used for the purpose of purchasing or acquiring any “margin stock” within the meaning of Regulation U of the Board of Governors of the Federal Reserve System or for any other purpose which would be inconsistent with such Regulation U or any other Regulations of such Board of Governors, or for any purposes prohibited by applicable Legal Requirements.

Appears in 13 contracts

Samples: Loan Agreement, Loan Agreement (Ashford Hospitality Trust Inc), Loan Agreement (Ashford Hospitality Trust Inc)

Use of Proceeds; Margin Regulations. Borrower will use the proceeds of the Loan for the purposes described in Section 2.2. No part of the proceeds of the Loan will be used for the purpose of purchasing or acquiring any "margin stock" within the meaning of Regulation U of the Board of Governors of the Federal Reserve System or for any other purpose which would be inconsistent with such Regulation U or any other Regulations of such Board of Governors, or for any purposes prohibited by Legal Requirements.

Appears in 7 contracts

Samples: Loan Agreement (Affordable Residential Communities Inc), Loan Agreement (First Union Real Estate Equity & Mortgage Investments), Loan Agreement (Asset Investors Corp)

Use of Proceeds; Margin Regulations. Each Borrower will use the proceeds of the Loan for the purposes described in Section 2.2. No part of the proceeds of the Loan will be used for the purpose of purchasing or acquiring any "margin stock" within the meaning of Regulation U of the Board of Governors of the Federal Reserve System or for any other purpose which would be inconsistent with such Regulation U or any other Regulations of such Board of Governors, or for any purposes prohibited by applicable Legal Requirements.

Appears in 6 contracts

Samples: Loan Agreement (Ashford Hospitality Trust Inc), Loan Agreement (Ashford Hospitality Trust Inc), Loan Agreement (Ashford Hospitality Trust Inc)

Use of Proceeds; Margin Regulations. Borrower will use the proceeds of the Loan for the purposes described in Section 2.2. No part of the proceeds of the Loan will be used for the purpose of purchasing or acquiring any "margin stock" within the meaning of Regulation U of the Board of Governors of the Federal Reserve System or for any other purpose which would be inconsistent with such Regulation U or any other Regulations of such Board of Governors, or for any purposes prohibited by applicable Legal Requirements.

Appears in 5 contracts

Samples: Loan Agreement (Brookdale Living Communities Inc), Loan Agreement (Alternative Living Services Inc), Loan Agreement (Hallwood Realty Partners L P)

Use of Proceeds; Margin Regulations. Borrower will Borrowers shall use the proceeds of the Loan (i) solely for the purposes described in Section 2.14, and (ii) for no other purpose whatsoever. Borrowers shall not use any part of the proceeds of the Loan for the purposes described in Section 2.2. No part of the proceeds of the Loan will be used for the purpose of purchasing or acquiring any “margin stock” within the meaning of Regulation U of the Board of Governors of the Federal Reserve System or for any other purpose which that would be inconsistent with such Regulation U or any other Regulations of such the Board of Governors, or for any purposes prohibited by any Legal Requirements.

Appears in 4 contracts

Samples: Loan Agreement (GTJ REIT, Inc.), Loan Agreement (GTJ REIT, Inc.), Loan Agreement (GTJ REIT, Inc.)

Use of Proceeds; Margin Regulations. Borrower will use the ----------------------------------- proceeds of the Loan for the purposes described in Section 2.2. No part of ------- --- the proceeds of the Loan will be used for the purpose of purchasing or acquiring any "margin stock" within the meaning of Regulation U of the Board of Governors of the Federal Reserve System or for any other purpose which would be inconsistent with such Regulation U or any other Regulations of such Board of Governors, or for any purposes prohibited by applicable Legal Requirements.

Appears in 3 contracts

Samples: Loan Agreement (Brookdale Living Communities Inc), Loan Agreement (Brookdale Living Communities Inc), Loan Agreement (Brookdale Living Communities Inc)

Use of Proceeds; Margin Regulations. Borrower will use the proceeds of the Loan for the purposes described in Section 2.22.1(b). No part of the proceeds of the Loan will be used for the purpose of purchasing or acquiring any “margin stock” within the meaning of Regulation U of the Board of Governors of the Federal Reserve System or for any other purpose which would be inconsistent with such Regulation U or any other Regulations of such Board of Governors, or for any purposes prohibited by applicable Legal Requirements.

Appears in 1 contract

Samples: Loan Agreement (Digital Realty Trust, Inc.)

Use of Proceeds; Margin Regulations. Borrower will use the proceeds of the Loan for the purposes described in Section 2.2. No part of the proceeds of the Loan will be used for the purpose of purchasing or acquiring any “margin stock” within the meaning of Regulation U of the Board of Governors of the Federal Reserve System or for any other purpose which would be inconsistent with such Regulation U or any other Regulations of such Board of Governors, or for any purposes prohibited by applicable Legal Requirements.

Appears in 1 contract

Samples: Loan Agreement (Ashford Hospitality Trust Inc)

Use of Proceeds; Margin Regulations. Borrower will use the proceeds of the Loan for the purposes described in Section 2.2. No part of the proceeds of the Loan will be used by Borrower for the purpose of purchasing or acquiring any "margin stock" within the meaning of Regulation U of the Board of Governors of the Federal Reserve System or for any other purpose which would be inconsistent with such Regulation U or any other Regulations of such Board of Governors, or for any purposes prohibited by Legal Requirements.

Appears in 1 contract

Samples: Loan Agreement (Forum Group Inc)

AutoNDA by SimpleDocs

Use of Proceeds; Margin Regulations. The Borrower will use the proceeds of the Loan for the purposes described in Section 2.2. No part of the proceeds of the Loan will be used for the purpose of purchasing or acquiring any "margin stock" within the meaning of Regulation U of the Board of Governors of the Federal Reserve System or for any other purpose which would be inconsistent with such Regulation U or any other Regulations of such Board of Governors, or for any purposes prohibited by Legal Requirements.

Appears in 1 contract

Samples: Loan Agreement (Echelon International Corp)

Use of Proceeds; Margin Regulations. The Borrower will use (and has used) the proceeds of the Loan Loans for the purposes described in Section 2.22.14. No part of the proceeds of the any Loan will be used for the purpose of purchasing or acquiring any "margin stock" within the meaning of Regulation U of the Board of Governors of the Federal Reserve System or for any other purpose which would be inconsistent with such Regulation U or any other Regulations of such Board of Governors, or for any purposes prohibited by Legal RequirementsRequirement of Law.

Appears in 1 contract

Samples: Credit Facility Agreement (Moa Hospitality Inc)

Use of Proceeds; Margin Regulations. Borrower will use the ----------------------------------- proceeds of the Loan for the purposes described in Section 2.2. No part of the ------- --- proceeds of the Loan will be used for the purpose of purchasing or acquiring any "margin stock" within the meaning of Regulation U of the Board of Governors of the Federal Reserve System or for any other purpose which would be inconsistent with such Regulation U or any other Regulations of such Board of Governors, or for any purposes prohibited by applicable Legal Requirements.

Appears in 1 contract

Samples: Loan Agreement (G&l Realty Corp)

Use of Proceeds; Margin Regulations. Borrower will It shall use the proceeds of the Loan for the purposes described in Section 2.2. No part of the proceeds of the Loan will shall be used for the purpose of purchasing or acquiring any "margin stock" within the meaning of Regulation Regulations G, T, U or X of the Board of Governors of the Federal Reserve System or for any other purpose which would be inconsistent with such Regulation Regulations G, T, U or X or any other Regulations of such Board of Governors, or for any purposes prohibited by Legal RequirementsRequirements or by the terms and conditions of the Loan Documents.

Appears in 1 contract

Samples: Loan Agreement (Las Vegas Sands Inc)

Use of Proceeds; Margin Regulations. Borrower will use (a) the proceeds of the Loan for Loans in accordance with the purposes described in Section 2.2terms of this Agreement. No part of the proceeds of the Loan Loans will be used for the purpose of purchasing or acquiring any "margin stock" within the meaning of Regulation U of the Board of Governors of the Federal Reserve System or for any other purpose which would be inconsistent with such Regulation U T, U, X or any other Regulations of such Board of Governors, or for any purposes prohibited by Legal Requirements.

Appears in 1 contract

Samples: Loan Agreement (Glimcher Realty Trust)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!