Common use of Federal Reserve Board Regulations Clause in Contracts

Federal Reserve Board Regulations. The Borrower is not engaged in the business of extending credit for the purpose of purchasing or carrying “margin stock” within the meaning of Regulation U of the Board of Governors of the Federal Reserve System of the United States (the “Board”) and no part of the proceeds of the Loans will be used for any purpose which entails a violation of Regulations U, G, T or X of the Board.

Appears in 2 contracts

Samples: Master Loan and Security Agreement (Oxford Finance Corp), Master Loan and Security Agreement (Oxford Finance Corp)

AutoNDA by SimpleDocs

Federal Reserve Board Regulations. The Borrower and each Subsidiary is not engaged in the business of extending credit for the purpose of purchasing or carrying “margin stock” within the meaning of Regulation U of the Board of Governors of the Federal Reserve System of the United States (the “Board”) , and no part of the proceeds of the Loans Revolving Credit Facility will be used for any purpose which entails a violation of Regulations U, G, T U or X of the Board.

Appears in 1 contract

Samples: Credit Agreement (Optical Cable Corp)

Federal Reserve Board Regulations. The Borrower is Borrowers are not engaged in the business of extending credit for the purpose of purchasing or carrying “margin stock” within the meaning of Regulation U of the Board of Governors of the Federal Reserve System of the United States (the “Board”) and no part of the proceeds of the Loans Advances will be used for any purpose which entails a violation of Regulations U, G, T U or X of the Board.

Appears in 1 contract

Samples: Credit and Security Agreement (Keyw Holding Corp)

Federal Reserve Board Regulations. The Borrower is Borrowers are not engaged in the business of extending credit for the purpose of purchasing or carrying “margin stock” within the meaning of Regulation U of the Board of Governors of the Federal Reserve System of the United States (the “Board”) and no part of the proceeds of the Loans Advances will be used for any purpose which entails a violation of Regulations U, G, T U or X of the Board.

Appears in 1 contract

Samples: Credit and Security Agreement (Tvi Corp)

Federal Reserve Board Regulations. The Borrower is not engaged in the business of extending credit for the purpose of purchasing or carrying “margin stock” within the meaning of Regulation U of the Board of Governors of the Federal Reserve System of the United States (the “Board”) and no part of the proceeds of the Loans Advances will be used for any purpose which entails a violation of Regulations U, G, T U or X of the Board.

Appears in 1 contract

Samples: Credit and Security Agreement (Comscore, Inc.)

AutoNDA by SimpleDocs

Federal Reserve Board Regulations. The Borrower None of the Borrowers is not engaged in the business of extending credit for the purpose of purchasing or carrying “margin stock” within the meaning of Regulation U of the Board of Governors of the Federal Reserve System of the United States (the “Board”) and no part of the proceeds of the Loans will be used for any purpose which entails a violation of Regulations U, G, T or X of the Board.

Appears in 1 contract

Samples: Master Loan and Security Agreement (Gse Systems Inc)

Federal Reserve Board Regulations. The Borrower and each Subsidiary is not engaged in the business of extending credit for the purpose of purchasing or carrying “margin stock” within the meaning of Regulation U of the Board of Governors of the Federal Reserve System of the United States (the “Board”) , and no part of the proceeds of the Loans Special Project Revolving Credit Facility will be used for any purpose which entails a violation of Regulations U, G, T U or X of the Board.

Appears in 1 contract

Samples: Special Project Loan Agreement (Optical Cable Corp)

Time is Money Join Law Insider Premium to draft better contracts faster.