Common use of Compliance With Laws Regulating the Incurrence of Indebtedness Clause in Contracts

Compliance With Laws Regulating the Incurrence of Indebtedness. No proceeds of any Advance will be used directly or indirectly to acquire any security in any transaction which is subject to Sections 13 and 14 of the Securities Exchange Act of 1934, as amended. Company is not, nor is any Subsidiary of Company, engaged in the business of extending credit for the purpose of purchasing or carrying margin stock (within the meaning of Regulation U issued by the Board of Governors of the Federal Reserve System), and no proceeds of any Advance will be used to purchase or carry any margin stock or to extend credit to others for the purpose of purchasing or carrying any margin stock. Following Company's intended use of the proceeds of each Advance, not more than 25% of the value of the assets of Company will be "MARGIN STOCK" within the meaning of Regulation U. Company is not subject to regulation under the Public Utility Holding Company Act of 1935, the Federal Power Act, the Investment Company Act of 1940, the Interstate Commerce Act (as any of the preceding acts have been amended), or any other Law that the incurring of Indebtedness by Company would violate, including without limitation Laws relating to common or contract carriers or the sale of electricity, gas, steam, water, or other public utility services.

Compliance With Laws Regulating the Incurrence of Indebtedness. No proceeds of any Advance will be used directly or indirectly to acquire any security in any transaction which is subject to Sections 13 and 14 of the Securities Exchange Act of 1934, as amended. Company is not, nor is any Subsidiary of Company, engaged in the business of extending credit for the purpose of purchasing or carrying margin stock (within the meaning of Regulation U issued by the Board of Governors of the Federal Reserve System), and no proceeds of any Advance will be used to purchase or carry any margin stock or to extend credit to others for the purpose of purchasing or carrying any margin stock. Following Company's intended use of the proceeds of each Advance, not more than 25% of the value of the assets of Company will be "MARGIN STOCKmargin stock" within the meaning of Regulation U. Company is not subject to regulation under the Public Utility Holding Company Act of 1935, the Federal Power Act, the Investment Company Act of 1940, the Interstate Commerce Act (as any of the preceding acts have been amended), or any other Law that the incurring of Indebtedness by Company would violate, including without limitation Laws relating to common or contract carriers or the sale of electricity, gas, steam, water, or other public utility services.