Not Purpose Credit. None of the proceeds of this note shall ever be used, directly or indirectly, for the purpose of purchasing or carrying any Margin Stock or for the purpose of reducing or retiring any debt which was originally incurred to purchase or carry any Margin Stock or to extend credit to others for the purpose of purchasing or carrying any Margin Stock or which would constitute this transaction a “purpose credit” within the meaning of Regulation U, as now or hereafter in effect.
Appears in 9 contracts
Samples: Credit Agreement (E Loan Inc), Credit Agreement (Homebanc Corp), Assignment and Assumption (Homebanc Corp)
Not Purpose Credit. None of the proceeds of this note shall ever be used, directly or indirectly, for the purpose of purchasing or carrying any Margin Stock or for the purpose of reducing or retiring any debt which was originally incurred to purchase or carry any Margin Stock or to extend credit to others for the purpose of purchasing or carrying any Margin Stock or which would constitute this transaction a “"purpose credit” " within the meaning of Regulation U, as now or hereafter in effect.
Appears in 5 contracts
Samples: Sale and Servicing Agreement (American Business Financial Services Inc /De/), Credit Agreement (Long Beach Financial Corp), Credit Agreement (Sunset Financial Resources Inc)
Not Purpose Credit. None of the proceeds of this note shall ever be used, directly or indirectly, for the purpose of purchasing or carrying any Margin Stock "margin stock" as defined in Regulation U of the Board of Governors of the Federal Reserve System or for the purpose of reducing or retiring any debt which was originally incurred to purchase or carry any Margin Stock "margin stock" or to extend credit to others for the purpose of purchasing or carrying any Margin Stock "margin stock" or which would constitute this transaction a “"purpose credit” " within the meaning of Regulation U, as now or hereafter in effect.
Appears in 2 contracts
Samples: Facilities Agreement (Firstcity Financial Corp), Firstcity Financial Corp
Not Purpose Credit. None of the proceeds of this note shall ever be used, directly or indirectly, for the purpose of purchasing or carrying any Margin Stock "margin stock" within the meaning of Regulation U of the Board of Governors of the Federal Reserve System or for the purpose of reducing or retiring any debt which was originally incurred to purchase or carry any Margin Stock margin stock or to extend credit to others for the purpose of purchasing or carrying any Margin Stock margin stock or which would constitute this transaction a “"purpose credit” " within the meaning of said Regulation U, as now or hereafter in effect.
Appears in 1 contract
Samples: Warehouse Security Agreement (Mca Financial Corp /Mi/)
Not Purpose Credit. None of the proceeds of this note shall ever be used, directly or indirectly, for the purpose of purchasing or carrying any Margin Stock or for the purpose of INITIALED FOR IDENTIFICATION: /s/ reducing or retiring any debt which was originally incurred to purchase or carry any Margin Stock or to extend credit to others for the purpose of purchasing or carrying any Margin Stock or which would constitute this transaction a “purpose credit” within the meaning of Regulation U, as now or hereafter in effect.
Appears in 1 contract
Samples: Credit Agreement (Homebanc Corp)
Not Purpose Credit. None of the proceeds of this note shall ever be used, directly or indirectly, for the purpose of purchasing or carrying any Margin Stock or for the purpose of reducing or retiring any debt which was originally incurred to purchase or carry any Margin Stock or to extend credit to others for the purpose of purchasing or carrying any Margin Stock or which would constitute this transaction a “"purpose credit” " within the meaning of Regulation U, as now or hereafter in effect.. 103
Appears in 1 contract
