Common use of Regulation U Clause in Contracts

Regulation U. Neither the Company nor any Subsidiary is engaged in the business of extending credit for the purpose of purchasing or carrying margin stock (within the meaning of Regulation U of the Board of Governors of the Federal Reserve System), and no part of the proceeds of any 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 4 contracts

Sources: Credit Agreement (Sensient Technologies Corp), Credit Agreement (Sensient Technologies Corp), Credit Agreement (Sensient Technologies Corp)

Regulation U. Neither the Company Borrower nor any Subsidiary is engaged in the business of extending credit for the purpose of purchasing or carrying margin stock (within the meaning of Regulation U of the Board of Governors of the Federal Reserve System), ) and no part of the proceeds of any Advance Loan or other extension of credit hereunder will be used to purchase or carry any margin stock (other than the Borrower's common stock) or to extend credit to others for the purpose of purchasing or carrying any margin stocksuch a purpose.

Appears in 4 contracts

Sources: Credit Agreement (Mississippi Chemical Corp /MS/), Credit Agreement (Mississippi Chemical Corp /MS/), Credit Agreement (Mississippi Chemical Corp /MS/)

Regulation U. Neither None of the Company Borrowers is nor any Subsidiary is will be engaged in the business of extending credit for the purpose of purchasing or carrying margin stock (within the meaning of Regulation Regulations T, U or X of the Board of Governors of the Federal Reserve System), and no part of the proceeds of any Advance or any Term Loan 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 3 contracts

Sources: Loan and Security Agreement (Metalico Inc), Loan and Security Agreement (Dairy Mart Convenience Stores Inc), Loan and Security Agreement (Metalico Inc)

Regulation U. Neither the Company Borrower nor any Subsidiary of its Subsidiaries is engaged in the business of extending credit for the purpose of purchasing or carrying margin stock (within the meaning of Regulation U of the Board of Governors of the Federal Reserve System), and no part of the proceeds of any 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 3 contracts

Sources: Credit and Security Agreement (Hc2 Holdings, Inc.), Credit and Security Agreement (HC2 Holdings, Inc.), Credit and Security Agreement (Schuff International Inc)

Regulation U. Neither the Company any Borrower nor any Subsidiary is engaged in the business of extending credit for the purpose of purchasing or carrying margin stock (within the meaning of Regulation U of the Board of Governors of the Federal Reserve System), ) and no part of the proceeds of any Advance Loan or other extension of credit hereunder 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 stocksuch a purpose.

Appears in 3 contracts

Sources: Credit Agreement (Seminis Inc), Credit Agreement (Mississippi Chemical Corp /MS/), Credit Agreement (Mississippi Chemical Corp /MS/)

Regulation U. Neither the Company nor any Subsidiary is engaged in the business of extending credit for the purpose of purchasing or carrying "margin stock stock" (within the meaning of Regulation U of the Board of Governors of the Federal Reserve System), ) and no part of the proceeds of any Advance loan hereunder 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 stocksuch a purpose.

Appears in 2 contracts

Sources: Credit Agreement (Northland Cranberries Inc /Wi/), Credit Agreement (Northland Cranberries Inc /Wi/)

Regulation U. Neither the Company Borrowers nor any Subsidiary is are engaged in the business of extending credit for the purpose of purchasing or carrying margin stock (within the meaning of Regulation U of the Board of Governors of the Federal Reserve SystemU), and no part of the proceeds of any Advance Borrowing 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. Margin stock (as defined in Regulation U) constitutes less than 25% of the value of those assets of the Borrowers and their Subsidiaries which are subject to any limitation on sale, pledge, or other restriction hereunder.

Appears in 2 contracts

Sources: Credit Agreement (Allied Motion Technologies Inc), Credit Agreement (Allied Motion Technologies Inc)

Regulation U. Neither the Company Borrower nor any Subsidiary is engaged in the business of extending credit for the purpose of purchasing or carrying margin stock (within the meaning of as defined in Regulation U of the Board of Governors of the Federal Reserve System), ) and no part of the proceeds of any Advance the Loan will be used to purchase or carry any margin stock or to extend credit to others for any other purpose which would violate any of the purpose margin requirements of purchasing or carrying any margin stockthe Board of Governors of the Federal Reserve System.

Appears in 2 contracts

Sources: Credit Agreement (Stancorp Financial Group Inc), Credit Agreement (Stancorp Financial Group Inc)

Regulation U. Neither the Company Borrower nor any Subsidiary Guarantor is engaged in the business of extending credit for the purpose of purchasing or carrying margin stock (within the meaning of as defined in Regulation U of the Board of Governors of the Federal Reserve System), ) and no part of the proceeds of any Advance the Loan will be used to purchase or carry any margin stock or to extend credit to others for any other purpose which would violate any of the purpose margin requirements of purchasing or carrying any margin stockthe Board of Governors of the Federal Reserve System.

Appears in 2 contracts

Sources: Credit Agreement (Stancorp Financial Group Inc), Credit Agreement (Stancorp Financial Group Inc)

Regulation U. Neither the Company Servicer nor any Subsidiary is engaged in the business of extending credit for the purpose of purchasing or carrying margin stock (within the meaning of Regulation U of the Board of Governors of the Federal Reserve System), and no part of the proceeds of any Advance Cash Investment 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 2 contracts

Sources: Receivables Purchase Agreement (Sensient Technologies Corp), Receivables Purchase Agreement (Sensient Technologies Corp)

Regulation U. Neither the Company Holdings nor any Subsidiary of its Subsidiaries is engaged in the business of extending credit for the purpose of purchasing or carrying margin stock (within the meaning of Regulation U of issued by the Board of Governors of the Federal Reserve System), and no part of the proceeds of any 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 2 contracts

Sources: Credit Agreement (Coho Resources Inc), Credit Agreement (Coho Energy Inc)

Regulation U. Neither the Company Borrower nor any Subsidiary is engaged principally, or as one of its important activities, in the business of extending credit for the purpose of purchasing or carrying margin stock (within the meaning of Regulation U of the Board of Governors of the Federal Reserve System), and no part of the proceeds of any 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 stockMargin Stock.

Appears in 2 contracts

Sources: Term Loan and Revolving Credit Agreement (Byline Bancorp, Inc.), Revolving Credit Agreement (Byline Bancorp, Inc.)

Regulation U. Neither the Company Borrower nor any Subsidiary of its Subsidiaries is engaged in the business of extending credit for the purpose of purchasing or carrying margin stock (within the meaning of as defined in Regulation U of the Board of Governors of the Federal Reserve SystemBoard), and no part of the proceeds of any Advance Loan will be used to purchase or carry any margin stock or to extend credit to others for any other purpose which would violate any of the purpose margin requirements of purchasing or carrying any margin stockthe Board of the Governors of the Federal Reserve System.

Appears in 2 contracts

Sources: Credit Agreement (Compex Technologies Inc), Credit Agreement (Rehabilicare Inc)

Regulation U. Neither the Company Borrower nor any Subsidiary is engaged in the business of extending credit for the purpose of purchasing or carrying margin stock (within the meaning of Regulation U of the Board of Governors of the Federal Reserve System), ) and no part of the proceeds of any Advance Loan or other extension of credit hereunder 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 stocksuch a purpose.

Appears in 2 contracts

Sources: Secured Credit Agreement (Maverick Tube Corporation), Secured Credit Agreement (Maverick Tube Corporation)

Regulation U. Neither the Company Borrower nor any Subsidiary is its Subsidiaries are engaged in the business of extending credit for the purpose of purchasing or carrying margin stock (within the meaning of Regulation U of issued by the Board of Governors of the Federal Reserve System), and no part of the proceeds of any Advance Loan or advance made by Bank to Borrower hereunder 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 2 contracts

Sources: Loan Agreement (Taylor Capital Group Inc), Loan Agreement (Taylor Capital Group Inc)

Regulation U. Neither the Company Borrower nor any of its Restricted Subsidiary is engaged in the business of extending credit for the purpose of purchasing or carrying margin stock (within the meaning of as defined in Regulation U of the Board of Governors of the Federal Reserve SystemBoard), and no part of the proceeds of any Advance Loan will be used to purchase or carry any margin stock or to extend credit to others for any other purpose which would violate any of the purpose margin requirements of purchasing or carrying any margin stockthe Board of the Governors of the Federal Reserve System.

Appears in 1 contract

Sources: Credit Agreement (Pemstar Inc)

Regulation U. Neither the Company Borrower nor any Subsidiary is engaged in the business of extending credit for the purpose of purchasing or carrying margin stock (within the meaning of Regulation U of the Board of Governors of the Federal Reserve System), ) and no part of the proceeds of any Advance Loan made hereunder 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 stocksuch a purpose.

Appears in 1 contract

Sources: Credit Agreement (Empire District Electric Co)

Regulation U. Neither the Company Borrower nor any Subsidiary of its Subsidiaries is or will be engaged in the business of extending credit for the purpose of purchasing or carrying margin stock (within the meaning of Regulation U of issued by the Board of Governors of the Federal Reserve System), and no part of the proceeds of any Advance Loan 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

Sources: Senior Subordinated Note Agreement (Brothers Gourmet Coffees Inc)

Regulation U. Neither the Company Borrower nor any Subsidiary Guarantor is engaged in the business of extending credit for the purpose of purchasing or carrying margin stock (within the meaning of Regulation U of the Board of Governors of the Federal Reserve System), and no part of the proceeds of any 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

Sources: Revolving Credit Agreement (SPS Commerce Inc)

Regulation U. Neither the Company Borrower nor any Subsidiary is engaged in the business of extending credit for the purpose of purchasing or carrying margin stock (within the meaning of Regulation U of the Board of Governors of the Federal Reserve System), and no part of the proceeds of any Advance the Loans will be used to purchase or carry any margin stock or to reduce or retire any indebtedness incurred for such purpose or to extend credit to others for the purpose of purchasing or carrying any margin stocksuch purpose.

Appears in 1 contract

Sources: Loan Agreement (Penn Engineering & Manufacturing Corp)

Regulation U. Neither the Company Borrower nor any Subsidiary is engaged principally, or as one of its important activities, in the business of extending credit for the purpose of purchasing or carrying margin stock (within the meaning of Regulation U of the Board of Governors of the Federal Reserve System)Margin Stock, and no part of the proceeds of any Advance Loan will be used to purchase or carry any margin stock or to extend credit to others for the purpose purpose, whether immediate, incidental or ultimate, of purchasing or carrying any margin stockMargin Stock or maintaining or extending credit to others for such purpose.

Appears in 1 contract

Sources: Credit Agreement (Patrick Industries Inc)

Regulation U. Neither the Company Borrower nor any Subsidiary of its Subsidiaries is engaged in the business of extending credit for the purpose of purchasing or carrying margin stock (within the meaning of as defined in Regulation U of the Board of Governors of the Federal Reserve System), ) and no part of the proceeds of any Advance Loan will be used to purchase or carry any margin stock or to extend credit to others for any other purpose which would violate any of the purpose margin requirements of purchasing or carrying any margin stockthe Board of Governors of the Federal Reserve System.

Appears in 1 contract

Sources: Credit Agreement (Merrill Corp)

Regulation U. Neither the Company Borrower nor any Subsidiary Guarantor is engaged in the business of extending credit for the purpose of purchasing or carrying margin stock (within the meaning of Regulation U of the Board of Governors of the Federal Reserve System), and no part of the proceeds of any Advance 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

Sources: Loan Agreement (Seneca Gaming Corp)

Regulation U. Neither the Company nor any Subsidiary Borrower is engaged in the business of extending credit for the purpose of purchasing or carrying margin stock (within the meaning of Regulation U of the Board of Governors of the Federal Reserve System), and no part of the proceeds of any Advance or Term Loan 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

Sources: Credit and Security Agreement (Royal Grip Inc)

Regulation U. Neither the Company any Borrower nor any Subsidiary is engaged in the business of extending credit for the purpose of purchasing or carrying margin stock (within the meaning of Regulation U of the Board of Governors of the Federal Reserve System), and no part of the proceeds of any 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

Sources: Secured Credit Agreement (Minnesota Corn Processors LLC)

Regulation U. Neither the Company Borrower nor any Subsidiary is engaged in the business of extending credit for the purpose of purchasing or carrying margin stock (within the meaning of as that term is defined in Regulation U of issued by the Board of Governors of the Federal Reserve System), ) and no part of the proceeds of any Advance the Credit Facilities hereunder 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

Sources: Credit Agreement (Dorman Products, Inc.)

Regulation U. Neither the Company Borrower nor any Subsidiary is has engaged in the business of extending credit for the purpose of purchasing or carrying margin stock (within the meaning of Regulation U of the Board of Governors of the Federal Reserve System), and no part of the proceeds of any Advance or Letter of Credit will be used to purchase or carry any margin stock in violation of Regulation T, U or X of the Board of Governors of the Federal Reserve System or to extend credit to others any other Person for the purpose of purchasing or carrying any margin stock.

Appears in 1 contract

Sources: Credit Agreement (Select Comfort Corp)

Regulation U. Neither the Company Borrower nor any Subsidiary is engaged in the business of extending credit for the purpose of purchasing or carrying margin stock (within the meaning of Regulation U of issued by the Board of Governors of the Federal Reserve System), and no part of the proceeds of any Advance will Loan shall 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

Sources: Credit Agreement (Microdyne Corp)

Regulation U. Neither the Company nor any Subsidiary is engaged in the business of extending credit for the purpose of purchasing or carrying margin stock (within the meaning of Regulation U of the Board of Governors of the Federal Reserve System)of, and no part of the proceeds of any Advance Loan will be used to purchase used, directly or carry any indirectly, for purchasing and carrying margin stock or to extend credit to others for within the purpose meaning of purchasing or carrying any margin stock.Federal Reserve Board Reg. U.

Appears in 1 contract

Sources: Term Loan Agreement (Calavo Growers Inc)

Regulation U. Neither the Company Borrower nor any Subsidiary of its Restricted Subsidiaries is engaged in the business of extending credit for the purpose of purchasing or carrying margin stock (within the meaning of Regulation U of issued by the Board of Governors of the Federal Reserve System), and no part of the proceeds of any Advance Loan or advance made by Lenders to Borrower hereunder 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

Sources: Credit Agreement (Regis Corp)

Regulation U. Neither the Company Borrower, nor any Subsidiary of its Subsidiaries, is engaged in the business of extending credit for the purpose of purchasing or carrying margin stock (within the meaning of as defined in Regulation U of the Board of Governors of the Federal Reserve System), ) and no part of the proceeds of any Advance Loan will be used to purchase or carry any margin stock or to extend credit to others for any other purpose which would violate any of the purpose margin requirements of purchasing or carrying any margin stockthe Board of Governors of the Federal Reserve System.

Appears in 1 contract

Sources: Credit Agreement (Surmodics Inc)

Regulation U. Neither the Company Borrower nor any Subsidiary is engaged in the business of extending credit for the purpose of purchasing or carrying margin stock (within the meaning of Regulation U of the Board of Governors of the Federal Reserve SystemU), and no part of the proceeds of any Advance Borrowing 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. Margin stock (as defined in Regulation U) constitutes less than 25% of the value of those assets of the Borrower and its Subsidiaries which are subject to any limitation on sale, pledge, or other restriction hereunder.

Appears in 1 contract

Sources: Credit Agreement (Natural Grocers by Vitamin Cottage, Inc.)

Regulation U. Neither the Company Borrower nor any Subsidiary of its Subsidiaries is engaged in the business of extending credit for the purpose of purchasing or carrying margin stock (within the meaning of Regulation U of the Board of Governors of the Federal Reserve System), ) and no part of the proceeds of any Advance Loan or other extension of credit hereunder 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 stocksuch a purpose.

Appears in 1 contract

Sources: Replacement Credit Agreement (Strategic Timber Trust Inc)

Regulation U. Neither the Company Borrower or any of its Subsidiaries is, nor any Subsidiary is will be, engaged in the business of extending credit for the purpose of purchasing or carrying margin stock (within the meaning of Regulation Regulations T, U or X of the Board of Governors of the Federal Reserve System), and no part of the proceeds of any 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

Sources: Loan and Security Agreement (Orbital Sciences Corp /De/)

Regulation U. Neither the Company Borrower nor any Subsidiary is engaged in ------------ the business of extending credit for the purpose of purchasing or carrying margin stock (within the meaning of Regulation U of the Board of Governors of the Federal Reserve System), and no part of the proceeds of any Advance of the Loans made hereunder will be used to purchase or carry any margin stock or to extend credit to others for the purpose of purchasing or carrying any such margin stock.

Appears in 1 contract

Sources: Loan and Security Agreement (Material Sciences Corp)

Regulation U. Neither the Company Borrowers nor any Subsidiary is of their Subsidiaries has engaged in the business of extending credit for the purpose of purchasing or carrying margin stock (within the meaning of Regulation U of the Board of Governors of the Federal Reserve System), and no part of the proceeds of any 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

Sources: Credit Agreement (Plato Learning Inc)

Regulation U. Neither the Company Borrower or any of its Subsidiaries is, nor any Subsidiary is will be, engaged in the business of extending credit for the purpose of purchasing or carrying margin stock (within the meaning of Regulation Regulations T, U or X of the Board of Governors of the Federal Reserve System), and no part of the proceeds of any Advance or the Term Loan 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

Sources: Loan and Security Agreement (Orbital Sciences Corp /De/)

Regulation U. Neither the Company nor any Subsidiary is engaged in the business of extending credit for the purpose of purchasing or carrying margin stock (within the meaning of Regulation U of the Board of Governors of the Federal Reserve System), ) and no part of the proceeds of any Advance loan hereunder 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 stocksuch a purpose.

Appears in 1 contract

Sources: Credit Agreement (Northland Cranberries Inc /Wi/)

Regulation U. Neither the Company Borrower nor any Subsidiary is of its Subsidiaries has engaged in the business of extending credit for the purpose of purchasing or carrying margin stock (within the meaning of Regulation U of the Board of Governors of the Federal Reserve System), and no part of the proceeds of any 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

Sources: Credit Agreement (Innovex Inc)

Regulation U. Neither any of the Company Borrowers nor any Subsidiary is engaged in the business of extending credit for the purpose of purchasing or carrying margin stock (within the meaning of Regulation U of the Board of Governors of the Federal Reserve System), and no part of the proceeds of Advance or any Advance portion thereof will be used to purchase or carry any margin stock or to reduce or retire any indebtedness incurred for such purpose or to extend credit to others for the purpose of purchasing or carrying any margin stocksuch purpose.

Appears in 1 contract

Sources: Credit Agreement (Central Sprinkler Corp)

Regulation U. Neither the Company nor any Subsidiary is engaged in the business of extending credit for the purpose of purchasing or carrying margin stock (within the meaning of Regulation U of the Board of Governors of the Federal Reserve System), and no part of the proceeds of any Advance Term Loan 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

Sources: Credit Agreement (Sensient Technologies Corp)

Regulation U. Neither the Company Borrower nor any Subsidiary is its Subsidiaries are engaged in the business of extending credit for the purpose of purchasing or carrying margin stock (within the meaning of Regulation U of issued by the Board of Governors of the Federal Reserve System), and no part of the proceeds of any Advance will be used to purchase Loan or carry any margin stock or to extend credit to others for the purpose of purchasing or carrying any margin stock.advance made by Bank to

Appears in 1 contract

Sources: Loan Agreement (Taylor Capital Group Inc)