Common use of No Securities Clause in Contracts

No Securities. Borrower's execution and delivery of this Agreement or any of the Ancillary Agreements does not directly or, to the best knowledge of Borrower, indirectly violate or result in a violation of any applicable laws, rules or regulations, including without limitation, the Securities Exchange Act of 1934, as amended, and Regulations U, G, T and X of the Board of Governors of the Federal Reserve System (12 CFR 221, 207, 220 and 224, respectively), and Borrower does not own or intend to purchase or carry any "margin security," as defined in such Regulations.

Appears in 1 contract

Sources: Loan and Security Agreement (3-D Geophysical Inc)

No Securities. Borrower's The Borrowers' execution and delivery of this ------------- Agreement or any of the Ancillary Agreements does not directly or, to the best knowledge of Borrower, or indirectly violate or result in a violation of any applicable laws, rules or regulations, including without limitation, the Securities Exchange Act of 1934, as amended, and Regulations U, G, T and X of the Board of Governors of the Federal Reserve System (12 CFR 221, 207, 220 and 224, respectively), and Borrower does the Borrowers do not own or intend to purchase or carry any "margin security," as defined in such Regulations.

Appears in 1 contract

Sources: Loan and Security Agreement (Intellisys Group Inc)