Common use of Federal Reserve Board Regulations Clause in Contracts

Federal Reserve Board Regulations. Neither the Company nor any of its Subsidiaries is engaged or will engage, principally or as one of its important activities, in the business of extending credit for the purpose of “purchasing” or “carrying” any “margin stock” within the respective meanings of such terms under Regulation U. No part of the proceeds of any Loan will be used for “purchasing” or “carrying” “margin stock” as so defined or for any purpose which violates, or which would be inconsistent with, the provisions of the Regulations of the Board of Governors of the Federal Reserve System.

Federal Reserve Board Regulations. Neither the Company Borrower nor any of its Subsidiaries other Borrower Party is engaged or will engage, principally or as one of its important activities, in the business of extending credit for the purpose of “purchasing” or “carrying” any “margin stockMargin Stock” within the respective meanings of such terms under Regulation U. Regulations U, T and X. No part of the proceeds of any Loan the Loans will be used for “purchasing” or “carrying” “margin stockMargin Stock” as so defined or for any purpose which violates, or which would be inconsistent with, the provisions of of, the Regulations of the Board of Governors of the Federal Reserve System.

Federal Reserve Board Regulations. Neither the Company nor --------------------------------- any of its Subsidiaries is engaged or will engage, principally or as one of its important activities, in the business of extending credit for the purpose of “"purchasing” " or “"carrying” " any “"margin stock” " within the respective meanings of such terms under Regulation U. No part of the proceeds of any Loan made hereunder will be used for “"purchasing” " or “"carrying” “" "margin stock” " as so defined or for any purpose which violates, or which would be inconsistent with, the provisions of the Regulations of the Board of Governors of the Federal Reserve System.

Federal Reserve Board Regulations. Neither the Company Borrower nor any of its Subsidiaries is engaged or will engage, principally or as one of its important activities, in the business of extending credit for the purpose of “"purchasing” " or “"carrying” " any “"margin stock” " within the respective meanings of such terms under Regulation U. No part of the proceeds of any Loan issued hereunder will be used for “"purchasing” " or “"carrying” “" "margin stock” " as so defined or for any purpose which that violates, or which that would be inconsistent with, the provisions of the Regulations of the Board of Governors of the Federal Reserve System.

Federal Reserve Board Regulations. Neither None of the Company nor any of its Subsidiaries Borrower Parties is engaged or will engage, principally or as one of its important activities, in the business of extending credit for the purpose of “purchasing” or “carrying” any “margin stockMargin Stock” within the respective meanings of such terms under Regulation U. Regulations T, U and X. No part of the proceeds of any Loan the Loans will be used for “purchasing” or “carrying” “margin stockMargin Stock” as so defined or for any purpose which violates, or which would be inconsistent with, the provisions of of, the Regulations of the Board of Governors of the Federal Reserve System.

Federal Reserve Board Regulations. Neither the Parent, the Company nor any other Subsidiary of its Subsidiaries the Parent is engaged or will engage, principally or as one of its important activities, in the business of extending credit for the purpose of “purchasing” or “carrying” any “margin stock” within the respective meanings of such terms under Regulation U. No part of the proceeds of any Revolving Loan issued hereunder will be used for “purchasing” or “carrying” “margin stock” as so defined or for any purpose which violates, or which would be inconsistent with, the provisions of the Regulations of the Board of Governors of the Federal Reserve System.

Federal Reserve Board Regulations. Neither None of the Company nor any of its Subsidiaries Borrowers is engaged or will engage, principally or as one of its important activities, in the business of extending credit for the purpose of “"purchasing” " or “"carrying” " any “"margin stock” " within the respective meanings of such terms under Regulation U. No part of the proceeds of any Loan will be used for “"purchasing” " or “"carrying” “" "margin stock” " as so defined or for any purpose which violates, or which would be inconsistent with, the provisions of the Regulations of the Board of Governors of the Federal Reserve System.

Federal Reserve Board Regulations. Neither the The Company nor any of its Subsidiaries is not engaged or and will not engage, principally or as one of its important activities, in the business of extending credit for the purpose of “"purchasing” " or “"carrying” " any “"margin stock” " within the respective meanings of such terms under Regulation U. No part of the proceeds of any Loan issued hereunder will be used used, directly or indirectly, for “"purchasing” " or “"carrying” “" "margin stock” " as so defined or for any purpose which violates, or which would be inconsistent with, the provisions of the Regulations of the Board of Governors of the Federal Reserve System.

Federal Reserve Board Regulations. Neither the Company nor any of its Subsidiaries is engaged or nor will it engage, principally or as one of its important activities, in the business of extending credit for the purpose of “purchasing” or “carrying” any “margin stock” within the respective meanings of such terms under Regulation U. No part of the proceeds of any Loan issued hereunder will be used for “purchasing” or “carrying” “margin stock” as so defined or for any purpose which violates, or which would be inconsistent with, the provisions of the Regulations of the Board of Governors of the Federal Reserve System.

Federal Reserve Board Regulations. Neither the Company nor any of its Subsidiaries is engaged or will engage, principally or as one of its important activities, in the business of extending credit for the purpose of “"purchasing” " or “"carrying” " any “"margin stock” " within the respective meanings of such terms under Regulation U. No part of the proceeds of any Loan issued hereunder will be used for “"purchasing” " or “"carrying” “" "margin stock” " as so defined or for any purpose which violates, or which would be inconsistent with, the provisions of the Regulations of the Board of Governors of the Federal Reserve System.

Federal Reserve Board Regulations. Neither the Company nor any of its Subsidiaries is engaged or will engage, principally or as one of its important activities, in the business of extending credit for the purpose of “purchasing” or “carrying” any “margin stock” within the respective meanings of such terms under Regulation U. No part of the proceeds of any Revolving Loan will be used for “purchasing” or “carrying” “margin stock” as so defined or for any purpose which violates, or which would be inconsistent with, the provisions of the Regulations of the Board of Governors of the Federal Reserve System.

Federal Reserve Board Regulations. Neither None of the Company nor any Companies is engaged, and neither of its Subsidiaries is engaged or the Companies will engage, principally or as one of its important activities, in the business of extending credit for the purpose of “"purchasing” " or “"carrying” " any “"margin stock” " within the respective meanings of such terms under Regulation U. No part of the proceeds of any Loan issued hereunder will be used used, directly or indirectly, for “"purchasing” " or “"carrying” “" "margin stock” " as so defined or for any purpose which violates, or which would be inconsistent with, the provisions of the Regulations of the Board of Governors of the Federal Reserve System.

Federal Reserve Board Regulations. Neither the Company Borrower nor any of its Subsidiaries is engaged or will engage, principally or as one of its important activities, in the business of extending credit for the purpose of “"purchasing” " or “"carrying” " any “"margin stock” " within the respective meanings of such terms under Regulation U. No part of the proceeds of any the Term Loan issued hereunder will be used for “"purchasing” " or “"carrying” “" "margin stock” " as so defined or for any purpose which that violates, or which o that would be inconsistent with, the provisions of the Regulations of the Board of Governors of the Federal Reserve System.

Federal Reserve Board Regulations. Neither the Company Borrower nor any of its Subsidiaries other Borrower Party is engaged or will engage, principally or as one of its important activities, in the business of extending credit for the purpose of “purchasing” or “carrying” any “margin stockMargin Stock” within the respective meanings of such terms under Regulation U. Regulations U, T and X. No part of the proceeds of any the Term Loan will be used for “purchasing” or “carrying” “margin stockMargin Stock” as so defined or for any purpose which violates, or which would be inconsistent with, the provisions of of, the Regulations of the Board of Governors of the Federal Reserve System.

Federal Reserve Board Regulations. Neither the Company nor any of its Subsidiaries is engaged or will engage, principally or as one of its important activities, in the business of extending credit for the purpose of “purchasing” or “carrying” of any “margin stock” within the respective meanings of such terms under Federal Reserve Board Regulation U. No part of the proceeds of any Loan issued hereunder will be used for “purchasing” or “carrying” “margin stock” as so defined or for any purpose which violates, or which would be inconsistent with, the provisions of the Regulations of the Board of Governors of the Federal Reserve System.

Federal Reserve Board Regulations. Neither of the Company nor any Companies is engaged, and neither of its Subsidiaries is engaged or the Companies will engage, principally or as one of its important activities, in the business of extending credit for the purpose of “"purchasing” " or “"carrying” " any “"margin stock” " within the respective meanings of such terms under Regulation U. No part of the proceeds of any Loan issued hereunder will be used used, directly or indirectly, for “"purchasing” " or “"carrying” “" "margin stock” " as so defined or for any purpose which violates, or which would be inconsistent with, the provisions of the Regulations of the Board of Governors of the Federal Reserve System.

Federal Reserve Board Regulations. Neither the Company American Vanguard nor any of its Subsidiaries is engaged or will engage, principally or as one of its important activities, in the business of extending credit for the purpose of “purchasing” or “carrying” any “margin stock” within the respective meanings of such terms under Regulation U. No part of the proceeds of any Loan issued hereunder will be used for “purchasing” or “carrying” “margin stock” as so defined or for any purpose which violates, or which would be inconsistent with, the provisions of the Regulations of the Board of Governors of the Federal Reserve System.

Federal Reserve Board Regulations. Neither the Company Borrower nor any of its Subsidiaries (if any) is engaged or will engage, principally or as one of its important activities, in the business of extending credit for the purpose of “purchasing” or “carrying” any “margin stock” within the respective meanings of such terms under Regulation U. No part of the proceeds of any the Term Loan issued hereunder will be used for “purchasing” or “carrying” “margin stock” as so defined or for any purpose which that violates, or which that would be inconsistent with, the provisions of the Regulations of the Board of Governors of the Federal Reserve System.

Federal Reserve Board Regulations. Neither the The Company nor any of its Subsidiaries is engaged or not engaged, and will not engage, principally or as one of its important activities, in the business of extending credit for the purpose of “purchasing” or “carrying” any “margin stock” within the respective meanings of such terms under Regulation U. No part of the proceeds of any the Loan issued hereunder will be used used, directly or indirectly, for “purchasing” or “carrying” “margin stock” as so defined or for any purpose which violates, or which would be inconsistent with, the provisions of the Regulations of the Board of Governors of the Federal Reserve System.

Federal Reserve Board Regulations. Neither the Company nor any of its Subsidiaries Borrower is engaged or will engage, principally or as one of its important activities, in the business of extending credit for the purpose of “"purchasing” " or “"carrying” " any “margin stock” "Margin Stock" within the respective meanings of such terms under Regulation U. Regulations U, T and X. No part of the proceeds of any the Interim Loan will be used for “"purchasing” " or “"carrying” “margin stock” " "Margin Stock" as so defined or for any purpose which violates, or which would be inconsistent with, the provisions of of, the Regulations of the Board of Governors of the Federal Reserve System.

Federal Reserve Board Regulations. Neither the The Company nor any of its Subsidiaries is engaged or not engaged, and will not engage, principally or as one of its important activities, in the business of extending credit for the purpose of “"purchasing” " or “"carrying” " any “"margin stock” " within the respective meanings of such terms under Regulation U. No part of the proceeds of any the Loan issued hereunder will be used used, directly or indirectly, for “"purchasing” " or “"carrying” “" "margin stock” " as so defined or for any purpose which violates, or which would be inconsistent with, the provisions of the Regulations of the Board of Governors of the Federal Reserve System.

Federal Reserve Board Regulations. Neither the Parent, --------------------------------- the Company nor any other Subsidiary of its Subsidiaries the Parent is engaged or will engage, principally or as one of its important activities, in the business of extending credit for the purpose of “"purchasing” " or “"carrying” " any “"margin stock” " within the respective meanings of such terms under Regulation U. No part of the proceeds of any Loan issued hereunder will be used for “"purchasing” " or “"carrying” “" "margin stock” " as so defined or for any purpose which violates, or which would be inconsistent with, the provisions of the Regulations of the Board of Governors of the Federal Reserve System.

Federal Reserve Board Regulations. Neither the Company nor any of its Subsidiaries the Pledgor is engaged engaged, or will engage, principally or as one of its important activities, in the business of extending credit for the purpose of “purchasing” or “carrying” any “margin stock” within the respective meanings of such terms under Regulation U. No part of the proceeds of any the Loan issued hereunder will be used used, directly or indirectly, for “purchasing” or “carrying” “margin stock” as so defined or for any purpose which violates, or which would be inconsistent with, the provisions of the Regulations of the Board of Governors of the Federal Reserve System.

Federal Reserve Board Regulations. Neither the Company nor any of its Subsidiaries is engaged or nor will it engage, principally or as one of its important activities, in the business of extending credit for the purpose of “"purchasing” " or “"carrying” " any “"margin stock” " within the respective meanings of such terms under Regulation U. No part of the proceeds of any Loan issued hereunder will be used for “"purchasing” " or “"carrying” “" "margin stock” " as so defined or for any purpose which violates, or which would be inconsistent with, the provisions of the Regulations of the Board of Governors of the Federal Reserve System.

Federal Reserve Board Regulations. Neither the Company Parent nor any of its Subsidiaries is engaged or >will engage, principally or as one of its important activities, in the business of extending credit for the purpose of “purchasing” or “carrying” any “margin stock” within the respective meanings of such terms under Regulation U. No part of the proceeds of any Loan made hereunder will be used for “purchasing” or “carrying” “margin stock” as so defined or for any purpose which violates, or which would be inconsistent with, the provisions of the Regulations of the Board of Governors of the Federal Reserve System.

Federal Reserve Board Regulations. Neither the The Company nor any of its Subsidiaries is not engaged or --------------------------------- and will not engage, principally or as one of its important activities, in the business of extending credit for the purpose of “"purchasing” " or “"carrying” " any “"margin stock” " within the respective meanings of such terms under Regulation U. No part of the proceeds of any Loan issued hereunder will be used used, directly or indirectly, for “"purchasing” " or “"carrying” “" "margin stock” " as so defined or for any purpose which violates, or which would be inconsistent with, the provisions of the Regulations of the Board of Governors of the Federal Reserve System.

Federal Reserve Board Regulations. Neither the Company nor any of --------------------------------- its Subsidiaries is engaged or will engage, principally or as one of its important activities, in the business of extending credit for the purpose of “"purchasing” " or “"carrying” any “" and "margin stock” " within the respective meanings of such terms under Regulation U. No part of the proceeds of any Loan issued hereunder will be used for “"purchasing” " or “"carrying” “" "margin stock” " as so defined or for any purpose which violates, or which would be inconsistent with, the provisions of the Regulations of the Board of Governors of the Federal Reserve System.

Federal Reserve Board Regulations. Neither the Company Borrower nor any of its Subsidiaries --------------------------------- Subsidiary is engaged or will engage, principally or as one of its important activities, in the business of extending credit for the purpose of “"purchasing” " or “"carrying” " any “"margin stock” " within the respective meanings of such terms under Regulation U. No part of the proceeds of any Loan will be used for “purchasing” or “carrying” “margin stock” as so defined or for any purpose which violates, or which would be inconsistent with, the provisions of the Regulations of the Board of Governors of the Federal Reserve System.for

Federal Reserve Board Regulations. Neither the Company any Loan Party nor any of its their Subsidiaries is engaged or will engage, principally or as one of its important activities, in the business of extending credit for the purpose of “"purchasing” " or “"carrying” " any “"margin stock” " within the respective meanings of such terms under Regulation U. U of the FRB. No part of the proceeds of any Loan issued hereunder will be used for “"purchasing” " or “"carrying” “" "margin stock” " as so defined or for any purpose which violates, or which would be inconsistent with, the provisions of the Regulations of the Board of Governors of the Federal Reserve System.