Margin Stock definition
Examples of Margin Stock in a sentence
Neither the Borrower nor any of its Significant Subsidiaries is engaged principally, or as one of its important activities, in the business of extending credit for the purpose, whether immediate, incidental or ultimate, of buying or carrying Margin Stock, and no part of the proceeds of any extension of credit hereunder will be used to buy or carry any Margin Stock in violation of Regulation U.
Margin Stock (as defined above) constitutes less than 25% of the value of those assets of the MLP and its Restricted Subsidiaries that are subject to any limitation on sale, pledge or other restriction hereunder.
No part of the proceeds of any Loan or Letter of Credit will be used in violation of Sanctions or any other applicable law or, directly or indirectly, for the purpose, whether immediate, incidental or ultimate, of buying or carrying any Margin Stock in violation of Regulation U.
No Loan Party owns or intends to carry or purchase, and no proceeds from the advances hereunder will be used to carry or purchase, any Margin Stock or to extend "purpose credit" within the meaning of Regulation U.
None of the proceeds of any Loan or any Membership Interests will be used by the Borrower or the Subsidiary Guarantor, directly or indirectly, for the purpose of buying or carrying any Margin Stock.