Common use of Margin Credit Clause in Contracts

Margin Credit. The Co-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), and no proceeds of any Loan 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 or in any other way which will violate the provisions of Regulation G, T, U or X.

Margin Credit. The Co-Borrowers are not engaged in the business of extending credit for the purpose of purchasing or carrying margin stock (within,within the meaning of Regulation U), and no proceeds of any Loan 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 or in any other way which will violate the provisions of Regulation G, T, U or X.