Common use of Federal Reserve Board Regulations Clause in Contracts

Federal Reserve Board Regulations. None of the Borrowers nor MAC 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 Regulations U, T and X. No part of the proceeds of the Interim 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. None of Neither the Borrowers Borrower nor MAC 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 Regulations U, T and X. No part of the proceeds of the Interim Loan Loans 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. None of Neither the Borrowers Borrower nor MAC 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 Regulations U, T and X. No part of the proceeds of the Interim Term 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. None of Neither the Borrowers Borrower nor MAC 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 Regulations U, T and X. No part of the proceeds of the Interim Loan Loans will be used used, whether 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 ofof any Requirement of Law (including, without limitation, the Regulations of the Board of Governors of the Federal Reserve System).

Federal Reserve Board Regulations. None of Neither the Borrowers Borrower nor MAC 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 Regulations U, T and X. No part of the proceeds of the Interim Loan Loans 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, any Requirement of Law (including, without limitation, the Regulations of the Board of Governors of the Federal Reserve System).

Federal Reserve Board Regulations. None of the Borrowers nor MAC 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 Regulations U, T and X. No part of the proceeds of the Interim Loan Loans 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. None of the Borrowers nor MAC 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 Regulations U, T and X. No part of the proceeds of the Interim Term 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.