Common use of Federal Reserve Regulations; Use of Proceeds Clause in Contracts

Federal Reserve Regulations; Use of Proceeds. (a) Neither the Company nor any Corporate Guarantor is engaged principally in, nor has as one of its important activities, the business of extending credit for the purpose of purchasing or carrying any "margin stock" (within the meaning of Regulation U of the Board of Governors of the Federal Reserve System of the United States, as amended from time to time).

Appears in 3 contracts

Samples: Credit Agreement (Sbarro Inc), Credit Agreement (Lexent Inc), Security Agreement (American Medical Alert Corp)

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Federal Reserve Regulations; Use of Proceeds. (a) Neither the Company nor any Corporate Guarantor Subsidiary of the Company is engaged principally in, nor has as one of its important activities, the business of extending extending, maintaining or arranging credit for the purpose of purchasing or carrying any "margin stock" (within the meaning of Regulation U of the Board of Governors of the Federal Reserve System of the United States, as amended from time to time).

Appears in 2 contracts

Samples: Credit Agreement (Symbol Technologies Inc), Credit Agreement (Veeco Instruments Inc)

Federal Reserve Regulations; Use of Proceeds. (a) Neither the any Company nor any Corporate Guarantor is engaged principally in, nor has as one of its important activities, the business of extending credit for the purpose of purchasing or carrying any "margin stock" (within the meaning of Regulation U of the Board of Governors of the Federal Reserve System of the United States, as amended from time to time).

Appears in 2 contracts

Samples: Credit Agreement (Edo Corp), Credit Agreement (Edo Corp)

Federal Reserve Regulations; Use of Proceeds. (a) Neither the Company Xxxxx nor any Corporate Guarantor of its Subsidiaries is engaged principally in, nor has as one of its important activities, the business of extending credit for the purpose of purchasing or carrying any "margin stock" (within the meaning of Regulation U of the Board of Governors of the Federal Reserve System of the United States, as amended from time to time).

Appears in 1 contract

Samples: Credit Agreement (Aceto Corp)

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Federal Reserve Regulations; Use of Proceeds. (a) Neither the Company nor any Corporate Guarantor is engaged principally in, nor has as one of its important activities, the business of extending credit for the purpose of purchasing or carrying any "margin stock" (within the meaning of Regulation U of the Board of Governors of the Federal Reserve System of the United States, as amended from time to time).

Appears in 1 contract

Samples: Credit Agreement (Medical Action Industries Inc)

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