Common use of No Margin Security Clause in Contracts

No Margin Security. Borrower does not own any "margin security" as that term is defined in Regulation U of the Board of Governors of the Federal Reserve System except amounts thereof that do not and will not in the aggregate constitute a substantial part of Borrower's assets.

Appears in 3 contracts

Sources: Loan Agreement (Star Buffet Inc), Loan Agreement (Global Aircraft Solutions, Inc.), Loan Agreement (Global Aircraft Solutions, Inc.)

No Margin Security. Borrower does not own any "margin security" as that term is defined in Regulation U of the Board of Governors of the Federal Reserve System except amounts thereof that do not and will not in the aggregate constitute a substantial part of Borrower's ’s assets.

Appears in 2 contracts

Sources: Loan Agreement (Star Buffet Inc), Loan Agreement (Star Buffet Inc)