Margin Regulations. The ​ is not engaged and will not engage, principally or as one of its important activities, in the business of purchasing or carrying margin stock (within the meaning of Regulation U issued by the FRB), extending credit for the purpose of purchasing or carrying margin stock or refunding indebtedness originally incurred for such purpose, in each case in violation of, or for a purpose which violates, or would be inconsistent with, Regulation T, U or X of the FRB. Following the application of the proceeds of each Borrowing or drawing under each Letter of Credit, not more than 25% of the value of the assets (either of the ​ only or of the ​ and its Subsidiaries on a Consolidated basis) subject to the provisions of [Section 7.01] or [Section 7.05] or subject to any restriction contained in any agreement or instrument between the ​ and any [[Organization A:Organization]] or any Affiliate of any [[Organization A:Organization]] relating to Indebtedness and within the scope of [Section 8.01(e)] will be margin stock.

Section # Compliance with Margin Stock Regulations. The [[Borrower:Organization A:Organization]] is not engaged and will not engage, principallyprincipally, or as one of its important activities, in the business of purchasing or carrying margin stock (within the meaning of Regulation U issued by the FRB), extending credit for the purpose of purchasing or carrying “‘margin stock or refunding indebtedness originally incurred for such purpose, in each case in violation of, or for a purpose which violates, or would be inconsistent with,stock” (within the meaning of Regulation T, U or Regulation X of the FRB. Following the applicationFederal Reserve Board), and no part of the proceeds of each Borrowingthe Loans will be used to purchase or drawing under each Lettercarry any “margin stock,” to extend credit to others for the purpose of Credit,purchasing or carrying any “margin stock” or for any other purpose which might constitute this transaction a “purpose credit” within the meaning of Regulation U or Regulation X. In addition, not more than 25%twenty-five percent (25%) of the value (as determined by any reasonable method) of the assets (either of the ​ only or of the ​ and its Subsidiaries on a Consolidated basis) subject to the provisions of [Section 7.01] or [Section 7.05] or subject to any restriction contained in any agreement or instrument between the ​ and any [[Organization A:Organization]] or any Affiliateconsists of any [[Organization A:Organization]] relating to Indebtedness and within the scope of [Section 8.01(e)] will be margin stock.

Margin Regulations. The ​No Credit Party or Subsidiary is not engaged andnor will notit engage, principally or as one of its 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 or refunding indebtedness originally incurred for such purpose, in each case in violation of, or for a purpose which violates, or would be inconsistent with, Regulation T, U or X of the FRB.Applicable Law. Following the application of the proceeds of each Borrowing or drawing under each Letter of Credit, not more than 25%twenty-five percent (25%) of the value of the assets (either of the ​ only or of the ​Borrower and its Subsidiaries on a Consolidated basis)consolidated basis subject to the provisions of [Section 7.01]Section 9.1 or [Section 7.05]Section 9.5 or subject to any restriction contained in any agreement or instrument between the ​Borrower and any [[Organization A:Organization]]Lender or any Affiliate of any [[Organization A:Organization]]Lender relating to Indebtedness and within the scope of [Section 8.01(Section 10.1(e)] will be margin stock.

Section # Margin Regulations. The ​Stock. None of the Borrower or any Restricted Subsidiary is not engaged and will not engage, principally or as one of its important activities, in the business of purchasing or carryingcarrying, or extending credit for the purpose of purchasing or carrying, margin stock (within the meaning of Regulation U issued by the FRB)Board), extendingand no proceeds of any Loan or any Letter of Credit 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 refunding indebtedness originally incurred for such purpose, in each case in violation of, or for a purpose which violates, or would be inconsistent with,of Regulation T, U or Regulation X ofissued by the FRB. Following the application of the proceeds of each BorrowingBoard and all official rulings and interpretations thereunder or drawing under each Letter of Credit, not more than 25% of the value of the assets (either of the ​ only or of the ​ and its Subsidiaries on a Consolidated basis) subject to the provisions of [Section 7.01] or [Section 7.05] or subject to any restriction contained in any agreement or instrument between the ​ and any [[Organization A:Organization]] or any Affiliate of any [[Organization A:Organization]] relating to Indebtedness and within the scope of [Section 8.01(e)] will be margin stock.thereof.

Margin Regulations. The [[Borrower:Borrowers:Organization]] is not engaged and will not engage, principallynot, nor will it permit any Subsidiary to, use all or as one of its important activities, in the business of purchasing or carrying margin stock (within the meaning of Regulation U issued by the FRB), extending credit for the purpose of purchasing or carrying margin stock or refunding indebtedness originally incurred for such purpose, in each case in violation of, or for a purpose which violates, or would be inconsistent with, Regulation T, U or X of the FRB. Following the applicationany portion of the proceeds of each Borrowingany credit extended under this Agreement to purchase or drawing under each Letter of Credit, not more than 25% of the value of the assets (either of the ​ only or of the ​ and its Subsidiaries on a Consolidated basis) subject to the provisions of [Section 7.01] or [Section 7.05] or subject to any restriction contained in any agreement or instrument between the ​ and any [[Organization A:Organization]] or any Affiliate of any [[Organization A:Organization]] relating to Indebtedness and within the scope of [Section 8.01(e)] will be margin stock.carry Margin Stock.

Margin Regulations. The ​None of the Loan Parties is not engaged andor will not engage, principally or as one of its 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 and no proceeds of any Borrowings or refunding indebtedness originally incurreddrawings under any Letter of Credit will be used to purchase or carry any margin stock or to extend credit to others for such purpose, in each case in violation of,the purpose of purchasing or for a purpose which violates, or would be inconsistent with, Regulationcarrying any margin stock. Neither the making of any Credit Extension hereunder nor the use of proceeds thereof will violate any regulations of the FRB, including the provisions of Regulations T, U or X of the FRB. FollowingAt the application of the proceedstime of each BorrowingCredit Extension occurring on or drawing under each Letter of Credit,after the Closing Date, not more than 25% of the value of the assets (either of the ​ only or ofBorrower and the ​ and itsRestricted Subsidiaries ontaken as a Consolidated basis) subject to the provisions of [Section 7.01] or [Section 7.05] or subject to any restriction contained in any agreement or instrument between the ​ and any [[Organization A:Organization]] or any Affiliate of any [[Organization A:Organization]] relating to Indebtedness and within the scope of [Section 8.01(e)]whole will beconstitute margin stock.