Common use of Use of Proceeds; Regulation U Clause in Contracts

Use of Proceeds; Regulation U. Neither Housecall nor any of its Subsidiaries is engaged principally, or as one of its important activities, in the business of extending credit for the purpose of purchasing or carrying any margin stock (within the meaning of Regulation U of the Board of Governors of the Federal Reserve System of the United States). No part of the proceeds of the Loans will be used to purchase or carry any such margin stock or to extend credit to others for the purpose of purchasing or carrying any such margin stock, except in compliance with such regulations. No part of the proceeds of the Loans will be used for any purpose which violates the provisions of Regulation G, T, U or X of said Board of Governors.

Use of Proceeds; Regulation U. Neither Housecall the Borrower nor any of its Subsidiaries is engaged principally, or as one of its important activities, in the business of extending credit for the purpose of purchasing or carrying any margin stock (within the meaning of Regulation U of the Board of Governors of the Federal Reserve System of the United States). No part of the proceeds of the Loans will be used to purchase or carry any such margin stock or to extend credit to others for the purpose of purchasing or carrying any such margin stock, except in compliance with such regulations. No part of the proceeds of the Loans will be used for any purpose which violates the provisions of Regulation G, T, U or X of said Board of Governors.