Legal Investments. Borrower is not engaged in the business of extending credit for the purpose of purchasing or carrying any "margin stock" or "margin security" (within the meaning of Regulation T, U, or X issued by the Board of Governors of the Federal Reserve System), and no proceeds of the Loans will be used to purchase or carry any margin stock or margin security or to extend credit to others for the purpose of purchasing or carrying any margin stock or margin security.
Legal Investments. 18 5.23 Survival.............................................................................. 18 5.24 Broker's or Finder's Commissions...................................................... 19
Legal Investments. The bonds, stocks and other investments owned beneficially or of record by the Companies are permissible investments for them under the Georgia Insurance Code.
Legal Investments. Revenue bonds issued by an Authority under the provisions of this chapter shall constitute legal investments for any private trust funds, and the funds of any banks, trust companies, insurance companies, building and loan associations, credit unions, banks of discount and deposit, savings banks, loan and trust and safe deposit companies, rural loan and savings associations, guaranty loan and savings associations, mortgage guaranty companies, small loan companies and industrial loan and investment companies, and any other financial institutions organized under the laws of the state of Indiana. Such bonds are hereby made securities in which all public officers and public agencies of the state and its political subdivisions may legally and properly invest funds and such bonds may be properly and legally deposited with and received by any state or municipal officer or any agency or political subdivision of the state for any purpose for which the deposit of bonds or other obligations of the state is now or may hereafter be authorized by law. (Formerly: Acts 1971, P.L.41, SEC.1; Acts 1972, P.L.10, SEC.1.) As amended by P.L.42-1993, SEC.1. IC 5-1-4-25 Repealed (Repealed by P.L.4-1988, SEC.5.) IC 5-1-4-26 Tax exemption
Legal Investments. The Subsidiaries have good and valid title to all bonds, stocks and other investments owned beneficially or of record, free and clear of any liens or other encumbrances. All such bonds, stocks and other investments are permissible investments for the Subsidiaries under the Georgia Insurance Code and the Texas Insurance Code, as applicable.
Legal Investments. The bonds issued under the authority of the Healthcare Finance Act shall be legal investments in which all public officers or public bodies of this state, insurance companies, banks and savings and loan associations, organized under the laws of this state, may invest funds."
Legal Investments. The Company is not engaged in the business of extending credit for the purpose of purchasing or carrying margin stock (within the meaning of Regulations G, T, U or X issued by the Board of Governors of the Federal Reserve System), and no proceeds of the sale of the Notes and the Purchased Securities will be used to purchase or carry any margin stock or to extend credit to others for the purpose of purchasing or carrying any margin stock.
Legal Investments. The bonds, stocks and other investments owned beneficially or of record by each of the Acquired Companies are permissible investments for it under all applicable insurance statutes or regulations.
Legal Investments. On the Closing Date you shall have determined that the Notes to be purchased by you hereunder shall be a legal investment by you under the laws of the jurisdiction to which you are subject (without regard to any so-called basket or leeway provision of said laws, such as Section 1405(a)(8) of the New York Insurance Law), and you shall have received such certificates or other evidence as you may reasonably request demonstrating the legality of such purchase under such laws.
