Restrictions on Use of Proceeds. No Borrower will carry or purchase with the proceeds of the 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 (Uti Energy Corp), Loan and Security Agreement (Uti Energy Corp)
Restrictions on Use of Proceeds. No Borrower will not carry or purchase with the proceeds of any of the Loan 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 (Merrimac Industries Inc)
Restrictions on Use of Proceeds. No Borrower will carry or purchase with the proceeds of the Loan 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
Restrictions on Use of Proceeds. No Borrower will carry or purchase with the proceeds of the Loan 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 (Nobel Education Dynamics Inc)
