Common use of Margin Regulations; Investment Company Act; Public Utility Holding Company Act Clause in Contracts

Margin Regulations; Investment Company Act; Public Utility Holding Company Act. (a) The Borrower is not engaged or will engage, principally or as one of its important activities, in the business of purchasing or carrying “margin stock” within the meaning of Regulation U issued by the FRB, as in effect from time to time, or extending credit for the purpose of purchasing or carrying “margin stock,” and the Credit Extensions hereunder will not be used to purchase or carry “margin stock” in violation of Regulation U or to extend credit to others for the purpose of purchasing or carrying “margin stock,” or for any purpose that would violate or be inconsistent with the provisions of Regulation X issued by the FRB, as in effect from time to time.

Margin Regulations; Investment Company Act; Public Utility Holding Company Act. (a) The Neither the Borrower nor any of its Subsidiaries is not engaged or will engageengaged, principally or as one of its important activities, in the business of purchasing “purchasing” or carrying “carrying” any “margin stock” within the meaning of (as each such term is defined or used in Regulation U issued by the FRB, as in effect from time to time), or extending credit for the purpose of purchasing or carrying “margin stock,” and . No part of the proceeds of any of the Loans or Letters of Credit Extensions hereunder will not be used to purchase or carry “margin stock” in violation of Regulation U or to extend credit to others for the purpose of purchasing or carrying “margin stock,” stock or for any purpose that which violates, or which would violate or be inconsistent with with, the provisions of Regulation T, U or X issued by the FRB, as in effect from time to time.

Margin Regulations; Investment Company Act; Public Utility Holding Company Act. (a) The Borrower is not engaged or and will not engage, principally or as one of its important activities, in the business of purchasing or carrying “margin stock” stock (within the meaning of Regulation U issued by the FRB, as in effect from time to time), or extending credit for the purpose of purchasing or carrying “margin stock,” and . No part of the proceeds of any Credit Extensions hereunder will not be used to purchase for “purchasing” or carry “carrying” “margin stock” in violation of Regulation U or to extend credit to others for the purpose of purchasing or carrying “margin stock,” as so defined or for any purpose that which violates, or which would violate or be inconsistent with with, the provisions of Regulation Regulations U or X issued by of the FRB, as in effect from time to time.

Margin Regulations; Investment Company Act; Public Utility Holding Company Act. (a) The No Borrower is not engaged or will engage, principally or as one of its important activities, in the business of purchasing or carrying “margin stock” within the meaning of Regulation U issued by the FRB, as in effect from time to time, or extending credit for the purpose of purchasing or carrying “margin stock,” and the Credit Extensions hereunder will not be used to purchase or carry “margin stock” in violation of Regulation U or to extend credit to others for the purpose of purchasing or carrying “margin stock,” or for any purpose that would violate or be inconsistent with the provisions of Regulation X issued by the FRB, as in effect from time to time.