Margin Security. Neither the Borrower nor any of its Subsidiaries owns any margin stock and no portion of the proceeds of any Loans or Letters of Credit shall be used by the Borrower for the purpose of purchasing or carrying any "margin stock" (as defined in Regulation U of the Board of Governors of the Federal Reserve System) or for any other purpose, in either case, which violates the provisions or Regulation T, U or X of said Board of Governors or for any other purpose in violation of any applicable statute or regulation, or of the terms and conditions of this Credit Agreement.
Appears in 5 contracts
Samples: Credit Agreement (Chiquita Brands International Inc), Credit Agreement (Chiquita Brands International Inc), Credit Agreement (Chiquita Brands International Inc)
Margin Security. Neither the Borrower nor any of its Subsidiaries owns does not own any margin stock and no portion of the proceeds of any Loans or Letters of Credit Advance shall be used by the Borrower for the purpose of purchasing or carrying any "“margin stock" ” (as defined in Regulation U of the Board of Governors of the Federal Reserve System) or for any other purpose, in either case, purpose which violates the provisions or Regulation U, T, U or X of said Board of Governors or for any other purpose in violation of any applicable statute or regulation, or of the terms and conditions of this Credit Agreement.
Appears in 3 contracts
Samples: Revolving Credit and Security Agreement (Novation Companies, Inc.), Loan and Security Agreement (Superior Drilling Products, Inc.), Credit Line and Security Agreement (New World Brands Inc)
Margin Security. Neither the No Borrower nor any of its Subsidiaries owns any margin stock and no portion of the proceeds of any Loans or Letters of Credit shall be used by the Borrower Borrowers for the purpose of purchasing or carrying any "margin stock" (as defined in Regulation U of the Board of Governors of the Federal Reserve System) or for any other purpose, in either case, purpose which violates the provisions or Regulation U, T, U or X of said Board of Governors or for any other purpose in violation of any applicable statute or regulation, or of the terms and conditions of this Credit Agreement.
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Margin Security. Neither the No Borrower nor any of its Subsidiaries owns any margin stock and no portion of the proceeds of any Loans Advances or Letters of Credit shall be used by the Borrower Borrowers for the purpose of purchasing or carrying any "“margin stock" ” (as defined in Regulation U of the Board of Governors of the Federal Reserve System) or for any other purpose, in either case, purpose which violates the provisions or Regulation U, T, U or X of said Board of Governors or for any other purpose in violation of any applicable statute or regulation, or of the terms and conditions of this Credit Agreement.
Appears in 1 contract
Margin Security. Neither the Borrower nor any of its Subsidiaries owns does not own any margin stock and no portion of the proceeds of any Loans or Letters of Credit the Term Loan shall be used by the Borrower for the purpose of purchasing or carrying any "“margin stock" ” (as defined in Regulation U of the Board of Governors of the Federal Reserve System) or for any other purpose, in either case, purpose which violates the provisions or Regulation U, T, U or X of said Board of Governors or for any other purpose in violation of any applicable statute or regulation, or of the terms and conditions of this Credit Agreement.
Appears in 1 contract
Samples: Term Loan and Security Agreement (New World Brands Inc)
Margin Security. Neither the Borrower nor any of its Subsidiaries owns does not own any margin stock and no portion of the proceeds of any Loans or Letters of Credit the Loan shall be used by the Borrower for the purpose of purchasing or carrying any "“margin stock" ” (as defined in Regulation U of the Board of Governors of the Federal Reserve System) or for any other purpose, in either case, purpose which violates the provisions or Regulation U, T, U or X of said Board of Governors or for any other purpose in violation of any applicable statute or regulation, or of the terms and conditions of this Credit Agreement.
Appears in 1 contract
Samples: Term Loan and Security Agreement (New World Brands Inc)
Margin Security. Neither the Borrower nor any of its Subsidiaries owns does not own any margin stock and no portion of the proceeds of any Loans or Letters of Credit Advance shall be used by the Borrower for the purpose of purchasing or carrying any "margin stock" (as defined in Regulation U of the Board of Governors of the Federal Reserve System) or for any other purpose, in either case, purpose which violates the provisions or Regulation U, T, U or X of said Board of Governors or for any other purpose in violation of any applicable statute or regulation, or of the terms and conditions of this Credit Agreement.
Appears in 1 contract
Samples: Revolving Credit and Security Agreement (AMERI Holdings, Inc.)
