Not a Purpose Credit. Borrower and its Subsidiaries are not engaged in the business of extending credit for the purpose of purchasing or carrying margin stock (within the meaning of Regulation U or X issued by the Board of Governors of the Federal Reserve System), and no proceeds of any Loan or Letter of Credit, will be used to purchase or carry any margin stock or to extend credit to others for the purpose of purchasing or carrying any margin stock.
Appears in 1 contract
Samples: Credit Agreement (Flowserve Corp)
Not a Purpose Credit. The Borrower and its Subsidiaries are -------------------- not engaged in the business of extending credit for the purpose of purchasing or carrying margin stock (within the meaning of Regulation G, U or X issued by the Board of Governors of the Federal Reserve System), and no proceeds of any Loan or Letter of Credit, Advance will be used to purchase or carry any margin stock (other than purchases of common stock of the Borrower not otherwise prohibited by this Agreement) or to extend credit to others for the purpose of purchasing or carrying any margin stock.
Appears in 1 contract
Not a Purpose Credit. The Borrower and its Subsidiaries are is not engaged in the business of extending credit for the purpose of purchasing or carrying margin stock (within the meaning of Regulation U or X issued by the Board of Governors of the Federal Reserve System), and no proceeds of any Loan or Letter of Credit, Revolving Advance will be used to purchase or carry any margin stock or to extend credit to others for the purpose of purchasing or carrying any margin stock.
Appears in 1 contract
Not a Purpose Credit. Borrower and its Subsidiaries are not engaged in the business of extending credit for the purpose of purchasing or carrying margin stock (within the meaning of Regulation G, U or X issued by the Board of Governors of the Federal Reserve System), and no proceeds of any Loan or Letter of Credit, will be used to purchase or carry any margin stock or to extend credit to others for the purpose of purchasing or carrying any margin stock.
Appears in 1 contract
Samples: Credit Agreement (Flowserve Corp)