Common use of Margin Regulations; Investment Company Act; Public Utility Holding Company Act Clause in Contracts

Margin Regulations; Investment Company Act; Public Utility Holding Company Act. (a) The Credit Parties are not engaged and will not engage, principally or as one of their important activities, in the business of purchasing or carrying “margin stock” (within the meaning of Regulation U issued by the FRB), or extending credit for the purpose of purchasing or carrying margin stock. Following the application of the proceeds of each Borrowing or drawing under each Letter of Credit, not more than twenty-five percent (25%) of the value of the assets subject to the provisions of Section 8.02 or Section 8.05 or subject to any restriction contained in any agreement or instrument between a Borrower and any Lender or any Affiliate of any Lender relating to Indebtedness will be margin stock.

Margin Regulations; Investment Company Act; Public Utility Holding Company Act. (a) The Credit Parties are Borrower is not engaged and will not engage, principally or as one of their its important activities, in the business of purchasing or carrying “margin stock” stock (within the meaning of Regulation U issued by the FRB), or extending credit for the purpose of purchasing or carrying margin stock. Following the application of the proceeds of each Borrowing or drawing under each Letter of CreditBorrowing, not more than twenty-five percent (25%) % of the value of the assets of the Borrower subject to the provisions of Section 8.02 7.01 or Section 8.05 7.03 or subject to any restriction contained in any agreement or instrument between a the Borrower and any Lender or any Affiliate of any Lender relating to Indebtedness indebtedness and within the scope of Section 8.01 (e) will be margin stock.

Margin Regulations; Investment Company Act; Public Utility Holding Company Act. (a) The Credit Parties are Borrower is not engaged and will not engage, principally or as one of their its important activities, in the business of purchasing or carrying “margin stock” stock (within the meaning of Regulation U issued by the FRB), or extending credit for the purpose of purchasing or carrying margin stock. Following the application of the proceeds of each Borrowing or drawing under each Letter of CreditBorrowing, not more than twenty-five percent (25%) % of the value of the assets of the Borrower subject to the provisions of Section 8.02 7.01 or Section 8.05 7.03 or subject to any restriction contained in any agreement or instrument between a the Borrower and any Lender or any Affiliate of any Lender relating to Indebtedness indebtedness and within the scope of Section 8.01(e) will be margin stock.

Margin Regulations; Investment Company Act; Public Utility Holding Company Act. (a) The Credit Parties are not engaged and will not engage, principally or as one of their important activities, in the business of purchasing or carrying “"margin stock” " (within the meaning of Regulation U issued by the FRB), or extending credit for the purpose of purchasing or carrying margin stock. Following the application of the proceeds of each Borrowing or drawing under each Letter of Credit, not more than twenty-five percent (25%) % of the value of the assets subject to the provisions of Section 8.02 or Section 8.05 or subject to any restriction contained in any agreement or instrument between a Borrower and any Lender or any Affiliate of any Lender relating to Indebtedness will be margin stock.