No part of any Advance (or the proceeds thereof) will be used to purchase or carry any Margin Stock or to extend credit for the purpose of purchasing or carrying any Margin Stock. Neither the making of any Advance nor the use of the proceeds thereof will violate the provisions of Regulation T, U or X of the Board of Governors of the Federal Reserve System.

all proceeds of the Advances will be used by the Company only in accordance with the provisions of this Agreement. No part of any Advance (or the proceeds thereof)of any Advance will be used by it to purchase or carry any Margin Stock or to extend credit to others for the purpose of purchasing or carrying any Margin Stock. Neither the making of any Advance nor the use of the proceeds thereof will violate or be inconsistent with the provisions of Regulation T, U or X of the Board of Governors of the Federal Reserve System.Board. No Advance is secured, directly or indirectly, by Margin Stock, and the Collateral does not include Margin Stock; and

No partproceeds of any Advance (or the proceeds thereof) will be used to purchasedirectly or carry any Margin Stock or to extend creditindirectly for the purpose of purchasing or carrying any Margin Stock. Neithermargin stock (within the making of any Advance nor the use of the proceeds thereof will violate the provisionsmeaning of Regulation T, U or X ofissued by the Board of Governors of the Federal Reserve System.System).

No part ofshall not use any Advance (or the proceeds thereof) will be used to purchase or carry any Margin Stock or to extend credit for the purpose of purchasing or carrying any Margin Stock. Neither the making of any Advance nor the usepart of the proceeds thereof will violateof any Advance, whether directly or indirectly, for any purpose that entails a violation of any of the provisions of Regulation T, U or Xregulations of the Board of Governors of the Federal Reserve System.System of the United States of America, including Regulations T, U and X;