Common use of Margin Security Clause in Contracts

Margin Security. Neither CBI nor any of its Subsidiaries owns any margin stock (other than margin stock of CBII owned as of the Closing Date with a fair market value of less than $50,000) and no portion of the proceeds of any Loans or Letters of Credit shall be used by any Borrower for the purpose of purchasing or carrying any “margin stock” (as defined in Regulation U of the Board of Governors of the Federal Reserve System) or for any other purpose, in either case, which violates the provisions or Regulation T, U or X of said Board of Governors or for any other purpose in violation of any applicable statute or regulation, or of the terms and conditions of this Credit Agreement.

Margin Security. Neither CBI nor any of its Subsidiaries owns any margin stock (other than margin stock of CBII owned as of the Closing Date with a fair market value of less than $50,000) and no portion of the proceeds of any Loans or Letters of Credit shall be used by any Borrower for the purpose of purchasing or carrying any “"margin stock” " (as defined in Regulation U of the Board of Governors of the Federal Reserve System) or for any other purpose, in either case, which violates the provisions or Regulation T, U or X of said Board of Governors or for any other purpose in violation of any applicable statute or regulation, or of the terms and conditions of this Credit Agreement.