Common use of Restrictions on Use of Proceeds Clause in Contracts

Restrictions on Use of Proceeds. Borrower will not carry or purchase with the proceeds of the Line any "margin security" within the meaning of Regulations U, G, T or X of the Board of Governors of the Federal Reserve System.

Appears in 3 contracts

Samples: Loan and Security Agreement (Consolidated Stainless Inc), Loan Agreement (Dvi Inc), Loan and Security Agreement (Consolidated Stainless Inc)

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Restrictions on Use of Proceeds. Borrower will not carry or purchase with the proceeds of the Line of Credit any "“margin stock” or “margin security" within the meaning of Regulations U, G, T or X of the Board of Governors of the Federal Reserve System.

Appears in 2 contracts

Samples: Demand Line of Credit Agreement (Artesian Resources Corp), Demand Line of Credit Agreement (Artesian Resources Corp)

Restrictions on Use of Proceeds. Borrower The Obligors will not carry or purchase with the proceeds of the Line Loan any "margin security" within the meaning of Regulations U, G, T or X of the Board of Governors of the Federal Reserve System.

Appears in 2 contracts

Samples: Loan and Security Agreement (Access to Money, Inc.), Loan and Security Agreement (Access to Money, Inc.)

Restrictions on Use of Proceeds. Borrower will not carry or purchase with the proceeds of the Line Loans any "margin security" within the meaning of Regulations U, G, T or X of the Board of Governors of the Federal Reserve System.

Appears in 2 contracts

Samples: Loan and Security Agreement (Intest Corp), Loan and Security Agreement (Intest Corp)

Restrictions on Use of Proceeds. Borrower will not carry or purchase with the proceeds of any of the Line Loan any "margin security" within the meaning of Regulations U, G, T or X of the Board of Governors of the Federal Reserve System.

Appears in 1 contract

Samples: Possession Loan and Security Agreement

Restrictions on Use of Proceeds. Borrower will shall not carry or purchase with the proceeds of the Line Revolving Credit Facility any "margin security" within the meaning of Regulations U, G, T or X of the Board of Governors of the Federal Reserve System.

Appears in 1 contract

Samples: Loan and Security Agreement (Access Worldwide Communications Inc)

Restrictions on Use of Proceeds. Borrower will not carry or purchase with the proceeds of the Line Credit Facility any "“margin stock” or “margin security" within the meaning of Regulations U, G, T or X of the Board of Governors of the Federal Reserve System.

Appears in 1 contract

Samples: Credit Agreement (Chesapeake Utilities Corp)

Restrictions on Use of Proceeds. No Borrower will not carry or purchase with the proceeds of the Line any "margin security" within the meaning of Regulations U, G, T or X of the Board of Governors of the Federal Reserve System.

Appears in 1 contract

Samples: Loan and Security Agreement (National Media Corp)

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Restrictions on Use of Proceeds. No Borrower will not carry or purchase with the proceeds of the Line any "'margin security" within the meaning of Regulations U, G, T or X of the Board of Governors of the Federal Reserve System.

Appears in 1 contract

Samples: Loan and Security Agreement (National Media Corp)

Restrictions on Use of Proceeds. Borrower Borrowers will not carry or purchase with the proceeds of the Line Loans any "margin security" within the meaning of Regulations U, G, T or X of the Board of Governors of the Federal Reserve System.

Appears in 1 contract

Samples: Loan and Security Agreement (Berger Holdings LTD)

Restrictions on Use of Proceeds. Borrower Borrowers will not carry or ------------------------------- purchase with the proceeds of the Line Revolving Credit Facility or the Term Loan any "margin security" within the meaning of Regulations U, G, T or X of the Board of Governors of the Federal Reserve System.

Appears in 1 contract

Samples: Loan and Security Agreement (Drugmax Com Inc)

Restrictions on Use of Proceeds. Borrower will not carry or purchase with the proceeds of the Line Revolving Credit Facility any "margin security" within the meaning of Regulations U, G, T or X of the Board of Governors of the Federal Reserve System.

Appears in 1 contract

Samples: Loan and Security Agreement (Todays Man Inc)

Restrictions on Use of Proceeds. Borrower will not carry or purchase with the proceeds of the Line Loans any "margin security" within the meaning of Regulations U, G, T or X of the Board of Governors of the Federal Reserve System.

Appears in 1 contract

Samples: Loan and Security Agreement (Relm Wireless Corp)

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