Margin Stock. None of Parent, any Loan Party or any of their respective 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. No part of the proceeds of the Loans made to Borrower will be used to purchase or carry any Margin Stock or to extend credit to others for the purpose of purchasing or carrying any Margin Stock or for any purpose that violates the provisions of Regulation T, U or X of the Board of Governors.

Margin Regulations. Use the proceeds of the Advances, whether directly or indirectly, and whether immediately, incidentally or ultimately, to purchase or carry margin stock (within the meaning of Regulation U of the Board of Governors of the Federal Reserve System of the United States) or to extend credit to others for the purpose of purchasing or carrying margin stock or to refund indebtedness originally incurred for such purpose.

Margin Regulation. Use any portion of the proceeds of any of the Loans or Letters of Credit in any manner which could reasonably be expected to cause the Loans, the Letters of Credit, the application of such proceeds, or the transactions contemplated by this Agreement to violate Regulations T, U or X of the Federal Reserve Board, or any other regulation of such board, or to violate the Exchange Act, or to violate the Investment Company Act of 1940.

Margin Regulations. [[Borrowers:Organization]] will not, nor will it permit any Subsidiary to, use all or any portion of the proceeds of any credit extended under this Agreement to purchase or carry Margin Stock.

LIBOR, or in relation to any Loan in euro, EURIBOR.

Margin Stock. Will not directly or indirectly use, or permit any other Borrower or any Subsidiary to use, any of the proceeds of any Loan in a manner that violates or contravenes the Margin Regulations. Without limiting the foregoing, the Company # will promptly notify the [[Person A:Person]] if at any time more than 20% of the value of the assets of the Company and its Subsidiaries (as determined in good faith by the Company) that are subject to [Section 6.02(a)] or [Section 6.02(b)] consist of or are represented by margin stock within the meaning of the Margin Regulations, and # will give the [[Person A:Person]] at least 15 Business Days’ prior written notice of any direct or indirect use of any of the proceeds of any Loan to buy or carry margin stock within the meaning of the Margin Regulations if, after giving effect thereto, more than 20% of the value of the assets of the Company and its Subsidiaries (as determined in good faith by the Company) that are subject to [Section 6.02(a)] or [Section 6.02(b)] consist of or are represented by margin stock within the meaning of the Margin Regulations, and will, if requested by the [[Person A:Person]], provide to the [[Person A:Person]] prior to the making of such Loan a legal opinion of counsel reasonably acceptable to the [[Person A:Person]] confirming that such use of proceeds will not contravene this [Section 6.02(g)] together with appropriately executed and completed purpose statements on Form FR U-1; provided that in lieu of such legal opinion and purpose statements, the Company may provide to the [[Person A:Person]], together with such written notice, a certificate of the Company stating that at the date of such certificate and after applying the proceeds of such Loan not more than 25% of the value of the assets of the Company and its Subsidiaries (as determined in good faith by the Company) that are subject to [Section 6.02(a)] or [Section 6.02(b)] consist of or are represented by margin stock within the meaning of the Margin Regulations. Each Lender hereby confirms to the Company and to the [[Person A:Person]] that in extending or maintaining credit hereunder it has not relied upon any such margin stock as collateral.

Margin Regulations. None of the Transactions will violate or result in a violation of Regulations T, U and X of the Board of Governors.

“Base Rate Margin” has the meaning set forth in the definition of Applicable Margin.

“LIBOR Rate Margin” has the meaning set forth in the definition of Applicable Margin.

applicable margin shall equal ​ For the avoidance of doubt, the applicable margin is not subject to review by the independent auditors under Article 29.