Common use of Margin Security Clause in Contracts

Margin Security. Borrower does not own any margin security and none of the loans advanced hereunder shall be used for the purpose of purchasing or carrying any margin securities or for the purpose of reducing or retiring any indebtedness which was originally incurred to purchase any margin securities or for any other purpose not permitted by Regulations T, U or X of the Board of Governors of the Federal Reserve System.

Appears in 12 contracts

Sources: Loan and Security Agreement, Loan Agreement (Andersons, Inc.), Loan Agreement (Andersons Inc)

Margin Security. The Borrower does not own any margin security securities and none of the loans advanced hereunder shall will be used for the purpose of purchasing or carrying any margin securities or for the purpose of reducing or retiring any indebtedness which was originally incurred to purchase any margin securities or for any other purpose not permitted by Regulations T, Regulation U or X of the Board of Governors of the Federal Reserve System.

Appears in 5 contracts

Sources: Credit Agreement (Lawson Products Inc/New/De/), Credit Agreement (Lawson Products Inc/New/De/), Credit Agreement (Lawson Products Inc/New/De/)

Margin Security. Borrower As of the execution hereof, Debtor does not own any margin security and none of the loans advanced hereunder shall will be used for the purpose of purchasing or carrying any margin securities or for the purpose of reducing or retiring any indebtedness which was originally incurred to purchase any margin securities or for any other purpose not permitted by Regulations T, Regulation U or X of the Board of Governors of the Federal Reserve System.

Appears in 2 contracts

Sources: Loan and Security Agreement (Skyline Corp), Loan and Security Agreement (Chromcraft Revington Inc)

Margin Security. Borrower does not own any margin security securities and none of the loans Loans advanced hereunder shall will be used for the purpose of purchasing or carrying any margin securities or for the purpose of reducing or retiring any indebtedness which was originally incurred to purchase any margin securities or for any other purpose not permitted by Regulations T, Regulation U or X of the Board of Governors of the Federal Reserve System.

Appears in 2 contracts

Sources: Loan and Security Agreement (Webco Industries Inc), Loan and Security Agreement (Webco Industries Inc)

Margin Security. The Borrower does not own any owns no margin security and none of the loans proceeds of the Loans advanced hereunder shall under this Agreement will be used for the purpose of purchasing or carrying any margin securities or for the purpose of reducing or retiring any indebtedness Indebtedness which was originally incurred to purchase any margin securities or for any other purpose not permitted by Regulations T, U or X of the Board of Governors of the Federal Reserve System.

Appears in 2 contracts

Sources: Loan and Security Agreement (Louisville Gas & Electric Co /Ky/), Loan and Security Agreement (Louisville Gas & Electric Co /Ky/)

Margin Security. The Borrower does not own any margin security and none of the loans advanced hereunder shall be used for the purpose of purchasing or carrying any margin securities or for the purpose of reducing or retiring any indebtedness which was originally incurred to purchase any margin securities or for any other purpose not permitted by Regulations T, U or X of the Board of Governors of the Federal Reserve System.

Appears in 2 contracts

Sources: Credit Agreement (Nb Finance Corp), Credit Agreement (National Beef Packing Co LLC)

Margin Security. None of the Borrower does not own nor any of its Subsidiaries owns any margin security and none of the loans advanced hereunder shall be used for the purpose of purchasing or carrying any margin securities or for the purpose of reducing or retiring any indebtedness which was originally incurred to purchase any margin securities or for any other purpose not permitted by Regulations T, U or X of the Board of Governors of the Federal Reserve System.

Appears in 2 contracts

Sources: Credit Agreement (Leucadia National Corp), Credit Agreement (National Beef Packing Co LLC)

Margin Security. The Borrower does not own any margin security and none of the loans advanced hereunder Loans shall be used for the purpose of purchasing or carrying any margin securities or for the purpose of reducing or retiring any indebtedness which was originally incurred to purchase any margin securities or for any other purpose not permitted by Regulations G, T, U or X of the Board of Governors of the Federal Reserve System.

Appears in 2 contracts

Sources: Credit Agreement (Sanfilippo John B & Son Inc), Credit Agreement (PSF Group Holdings Inc)

Margin Security. As of the execution hereof, the Borrower does not own any margin security and none of the loans advanced hereunder shall will be used for the purpose of purchasing or carrying any margin securities or for the purpose of reducing or retiring any indebtedness which was originally incurred to purchase any margin securities or for any other purpose not permitted by Regulations T, Regulation U or X of the Board of Governors of the Federal Reserve System.

Appears in 2 contracts

Sources: Loan and Security Agreement (Pioneer Power Solutions, Inc.), Loan and Security Agreement (Geographics Inc)

Margin Security. Borrower does not own any margin security security, and none of the loans advanced hereunder shall will be used for the purpose of purchasing or carrying any margin securities or for the purpose of reducing or retiring any indebtedness which was originally incurred to purchase any margin securities or for any other purpose not permitted by Regulations T, Regulation U or X of the Board of Governors of the Federal Reserve System.

Appears in 1 contract

Sources: Loan and Security Agreement (Grant Geophysical Inc)

Margin Security. The Borrower does not own any margin security and none of the loans advanced hereunder Loans shall be used for the purpose of purchasing or carrying any margin securities or for the purpose of reducing or retiring any indebtedness which was originally incurred to purchase any margin securities or for any other purpose not permitted by Regulations T, U or X of the Board of Governors of the Federal Reserve System.

Appears in 1 contract

Sources: Revolving Credit Agreement (Show Me Ethanol, LLC)

Margin Security. The Borrower does not own any margin security securities and none of the loans Revolving Loan advanced hereunder shall will not be used for the purpose of purchasing or carrying any margin securities or for the purpose of reducing or retiring any indebtedness which was originally incurred to purchase any margin securities or for any other purpose not permitted by Regulations T, U or X Regulation G of the Board of Governors of the Federal Reserve System.

Appears in 1 contract

Sources: Credit Agreement (Tower Tech Inc)

Margin Security. The Borrower does not own any margin security and --------------- none of the loans advanced hereunder shall be have been used for the purpose of purchasing or carrying any margin securities or of for the purpose of reducing or retiring any indebtedness which was originally incurred to purchase any margin securities or for any other purpose not permitted by Regulations TRegulation G, U or X of the Board of Governors of the Federal Reserve System.

Appears in 1 contract

Sources: Credit Agreement (Converse Inc)

Margin Security. Borrower does Borrowers do not own any margin security and none of the loans funds advanced hereunder shall will be used for the purpose of purchasing or carrying any margin securities or for the purpose of reducing or retiring any indebtedness which was originally incurred to purchase any margin securities or for any other purpose not permitted by Regulations T, Regulation U or X of the Board of Governors of the Federal Reserve System.

Appears in 1 contract

Sources: Loan Agreement (Grossmans Inc)

Margin Security. Such Borrower does not own any margin security and none of the loans Loans advanced hereunder shall will be used for the purpose of purchasing or carrying any margin securities or for the purpose of reducing or retiring any indebtedness which was originally incurred to purchase any margin securities or for any other purpose not permitted by Regulations T, Regulation G or U or X of the Board of Governors of the Federal Reserve System.

Appears in 1 contract

Sources: Credit Agreement (Fieldcrest Cannon Inc)

Margin Security. The Borrower does not own any margin security --------------- and none of the loans advanced hereunder shall be have been used for the purpose of purchasing or carrying any margin securities or of for the purpose of reducing or retiring any indebtedness which was originally incurred to purchase any margin securities or for any other purpose not permitted by Regulations T, Regulation U or X of the Board of Governors of the Federal Reserve System.

Appears in 1 contract

Sources: Postpetition Credit Agreement (Converse Inc)

Margin Security. Borrower does not own any margin security and none --------------- of the loans advanced hereunder shall be used for the purpose of purchasing or carrying any margin securities or for the purpose of reducing or retiring any indebtedness which was originally incurred to purchase any margin securities or for any other purpose not permitted by Regulations T, U or X G of the Board of Governors of the Federal Reserve System.

Appears in 1 contract

Sources: Loan and Security Agreement (Horizon Organic Holding Corp)

Margin Security. No Borrower does not own owns any margin security and none of the loans advanced hereunder shall be used for the purpose of purchasing or carrying any margin securities or for the purpose of reducing or retiring any indebtedness which was originally incurred to purchase any margin securities or for any other purpose not permitted by Regulations T, U or X of the Board of Governors of the Federal Reserve System.

Appears in 1 contract

Sources: Loan and Security Agreement (Allied Defense Group Inc)