Common use of Exchange Act Compliance; Regulations T, U and X Clause in Contracts

Exchange Act Compliance; Regulations T, U and X. None of the Transactions contemplated herein (including, without limitation, the use of the proceeds from the sale of the Purchased Items) will violate or result in a violation of Section 7 of the Exchange Act, or any regulations issued pursuant thereto, including, without limitation, Regulations T, U and X. Neither the Seller nor the Guarantor owns or intends to carry or purchase, and no proceeds from the Transactions will be used to carry or purchase, any “margin stock” within the meaning of Regulation U or to extend “purpose credit” within the meaning of Regulation U.

Exchange Act Compliance; Regulations T, U and X. None of the Transactions transactions contemplated herein or in the other Transaction Documents (including, without limitation, including the use of the proceeds Proceeds from the sale of any item in the Purchased ItemsCollateral) will violate or result in a violation of Section 7 of the Exchange Act, Act or any regulations issued pursuant thereto, including, without limitation, Regulations T, U and X. Neither X of the Seller nor Board of Governors of the Guarantor owns Federal Reserve System, 12 C.F.R., Chapter II. The Borrower does not own or intends intend to carry or purchase, and no proceeds from the Transactions Advances will be used to carry or purchase, any “"margin stock” " within the meaning of Regulation U or to extend “"purpose credit” " within the meaning of Regulation U.

Exchange Act Compliance; Regulations T, U and X. None of the Transactions transactions contemplated herein (including, without limitation, including the use of the proceeds Proceeds from the sale of the Purchased ItemsCollateral) will violate or result in a violation of Section 7 of the Exchange Act, or any regulations issued pursuant thereto, including, without limitation, including Regulations T, U and X. Neither X of the Seller nor Board of Governors of the Guarantor owns Federal Reserve System, 12 C.F.R., Chapter II. The Borrower does not own or intends intend to carry or purchase, and no proceeds from the Transactions Advances will be used to carry or purchase, any “margin stock” within the meaning of Regulation U or to extend “purpose credit” within the meaning of Regulation U.U. The representations and warranties in Section 4.1(m) shall survive the termination of this Agreement and such representations and warranties may not be waived by any party hereto.

Exchange Act Compliance; Regulations T, U and X. None of the Transactions transactions contemplated herein (including, without limitation, the use of the proceeds from the sale of the Purchased Items) will violate or result in a violation of Section 7 of the Exchange Act, or any regulations issued pursuant thereto, including, without limitation, Regulations T, U and X. Neither the Seller nor the Guarantor owns or intends to carry or purchase, and no proceeds from the Transactions will be used to carry or purchase, any “"margin stock” " within the meaning of Regulation U or to extend “"purpose credit” " within the meaning of Regulation U.

Exchange Act Compliance; Regulations T, U and X. None of the Transactions transactions contemplated herein or in the other Transaction Documents (including, without limitation, including the use of the proceeds Proceeds from the sale of any item in the Purchased ItemsCollateral Portfolio) will violate or result in a violation of Section 7 of the Exchange Act, Act or any regulations issued pursuant thereto, including, without limitation, Regulations T, U and X. Neither X of the Seller nor Board of Governors of the Guarantor Federal Reserve System, 12 C.F.R., Chapter II. No Loan Party owns or intends to carry or purchase, and no proceeds from the Transactions Advances will not be used to carry or purchase, any “margin stock” within the meaning of Regulation U or to extend “purpose credit” within the meaning of Regulation U.

Exchange Act Compliance; Regulations T, U and X. None of the Transactions transactions contemplated herein or in the other Transaction Documents (including, without limitation, including the use of the proceeds from the sale of any item in the Purchased ItemsCollateral) will violate or result in a violation of Section 7 of the Exchange Act, Act or any regulations issued pursuant thereto, including, without limitation, Regulations T, U and X. Neither X of the Seller nor Board of Governors of the Guarantor owns Federal Reserve System, 12 C.F.R., Chapter II. The Borrower does not own or intends intend to carry or purchase, and no proceeds from the Transactions Advances will be used to carry or purchase, any “margin stock” within the meaning of Regulation U or to extend “purpose credit” within the meaning of Regulation U.

Exchange Act Compliance; Regulations T, U and X. None of the Transactions transactions contemplated herein or in the other Transaction Documents (including, without limitation, the use of the proceeds from the sale pledge of the Purchased ItemsCollateral) will violate or result in a violation of Section 7 of the Exchange Act, or any regulations issued pursuant thereto, including, without limitation, Regulations T, U and X. Neither X of the Seller nor Board of Governors of the Guarantor owns Federal Reserve System. The Borrower does not own or intends intend to carry or purchase, and no proceeds from the Transactions Advances will be used to carry or purchase, any “margin stock” within the meaning of Regulation U Margin Stock or to extend “purpose credit” within the meaning of Regulation U.U. No proceeds from the Advances will be used to purchase Loans from a broker-dealer Affiliate of any Xxxxxx identified in writing to the Borrower.

Exchange Act Compliance; Regulations T, U and X. None of the Transactions contemplated herein (including, without limitation, the use of the proceeds from the sale of the Purchased ItemsAssets) will violate or result in a violation of Section 7 of the Exchange 1934 Act, or any regulations issued pursuant thereto, including, without limitation, Regulations T, U and X. Neither the None of Seller nor or the Guarantor owns or intends to carry or purchase, and no proceeds from the Transactions will be used to carry or purchase, any “margin stock” within the meaning of Regulation U or to extend “purpose credit” within the meaning of Regulation U.

Exchange Act Compliance; Regulations T, U and X. None of the Transactions transactions contemplated herein (including, without limitation, the use of the proceeds from the sale of the Purchased Items) will violate or result in a violation of Section 7 of the Exchange Act, or any regulations issued pursuant thereto, including, without limitation, Regulations T, U and X. Neither the Seller nor the Guarantor owns or intends to carry or purchase, and no proceeds from the Transactions will be used to carry or purchase, any “margin stock” within the meaning of Regulation U or to extend “purpose credit” within the meaning of Regulation U.

Exchange Act Compliance; Regulations T, U and X. None of the Transactions transactions contemplated herein (including, without limitation, the use of the proceeds from the sale Conveyance of the Purchased ItemsTransferred Assets) will violate or result in a violation of Section 7 of the Exchange Act, or any regulations issued pursuant thereto, including, without limitation, Regulations T, U and X. Neither X of the Seller nor Board of Governors of the Guarantor owns or intends to carry or purchaseFederal Reserve System, and no 12 C.F.R., Chapter II. No proceeds from the Transactions Conveyance of the Transferred Assets will be used to carry or purchase, any “margin stock” within the meaning of Regulation U Margin Stock or to extend “purpose credit” within the meaning of Regulation U.

Exchange Act Compliance; Regulations T, U and X. None of the Transactions transactions contemplated herein (including, without limitation, including the use of the proceeds from the sale Loan and the pledge of the Purchased ItemsCollateral) will violate or result in a violation of Section 7 of the Exchange Act, or any regulations issued pursuant thereto, including, without limitation, including Regulations T, U and X. Neither X of the Seller nor the Guarantor owns Federal Reserve Board, 12 C.F.R., Chapter II. The Borrower does not own or intends intend to carry or purchase, and no proceeds from the Transactions Loan will be used to carry or purchase, any “margin stockMargin Stock” within the meaning of Regulation U or to extend “purpose creditPurchase Credit” within the meaning of Regulation U.

Exchange Act Compliance; Regulations T, U and X. None of the Transactions contemplated herein (including, without limitation, the use of the proceeds from the sale of the Purchased ItemsSecurities) will violate or result in a violation of Section 7 of the Exchange Act, or any regulations issued pursuant thereto, including, without limitation, Regulations T, U and X. Neither the The Seller nor the Guarantor owns does not own or intends intend to carry or purchase, and no proceeds from the Transactions will be used to carry or purchase, any “margin stock” within the meaning of Regulation U or to extend “purpose credit” within the meaning of Regulation U.

Exchange Act Compliance; Regulations T, U and X. None of the Transactions transactions contemplated herein or in the other Transaction Documents (including, without limitation, the use of the proceeds from the sale pledge of the Purchased ItemsCollateral) will violate or result in a violation of Section 7 of the Exchange Act, or any regulations issued pursuant thereto, including, without limitation, Regulations T, U and X. Neither X of the Seller nor Board of Governors of the Guarantor owns Federal Reserve System. The Borrower does not own or intends intend to carry or purchase, and no proceeds from the Transactions Advances will be used to carry or purchase, any “margin stock” within the meaning of Regulation U Margin Stock or to extend “purpose credit” within the meaning of Regulation U.U. No proceeds from the Advances will be used to purchase Loans from a broker-dealer Affiliate of any Lender identified in writing to the Borrower.

Exchange Act Compliance; Regulations T, U and X. None of the Transactions transactions contemplated herein (including, without limitation, including the use of the proceeds from the sale of the Purchased ItemsCollateral) will violate or result in a violation of Section 7 of the Exchange Act, or any regulations issued pursuant thereto, including, without limitation, including Regulations T, U and X. Neither X of the Seller nor Board of Governors of the Guarantor owns Federal Reserve System, 12 C.F.R., Chapter II. The Borrower does not own or intends intend to carry or purchase, and no proceeds from the Transactions Advances will be used to carry or purchase, any “margin stock” within the meaning of Regulation U or to extend “purpose credit” within the meaning of Regulation U.

Exchange Act Compliance; Regulations T, U and X. None of the Transactions contemplated herein (including, without limitation, the use of the proceeds from the sale of the Purchased ItemsAssets) will violate or result in a violation of Section 7 of the Exchange 1934 Act, or any regulations issued pursuant thereto, including, without limitation, Regulations T, U and X. Neither the Seller nor the Guarantor owns or intends to carry or purchase, and no proceeds from the Transactions will be used to carry or purchase, any “"margin stock” " within the meaning of Regulation U or to extend “purpose credit” within the meaning of Regulation U.