Example ContractsClausesfederal reserve regulationsVariants
Remove:

Federal Reserve Regulations. No part of the proceeds of any Loan or any Letter of Credit will be used, whether directly or indirectly, for any purpose that entails a violation (including on the part of any Lender) of Regulation U or Regulation X. Not more than 25% of the assets subject to the restrictions of [Sections 6.02 and 6.03]3] or any other provision hereof restricting the disposition of, or creation of Liens on, assets of the Company and the Subsidiaries will at any time consist of Margin Stock (as defined in Regulation U or Regulation X).

SECTION # Federal Reserve Regulations. No part of the proceeds of any Loan or any Letter of Credit will be used, whether directly or indirectly, and whether immediately, incidentally or ultimately, to purchase or carry Margin Stock (as defined in Regulation U) (other than shares of the Company’s common stock, to the extent permitted under Section 6.05), or to refinance Indebtedness originally incurred for such purpose, or for any purpose that entails a violation (including onof, or that is inconsistent with, the partprovisions of any Lender)the Regulations of the Board, including Regulation U or Regulation X. Not more than 25% of the assets subject to the restrictions of [[Sections 6.02 and 6.03]3]]3]03 or any other provision hereof restricting the disposition of, or creation of Liens on, assets of the Company and the Subsidiaries will at any time consist of Margin Stock (as defined in RegulationRegulations U or Regulation X)and X of the Board).

Section # Federal Reserve Regulations. No partThe making of the Loans hereunder and the use of the proceeds thereof as contemplated hereby will not violate or be inconsistent with Regulation U or Regulation X. After application of the proceeds of any Loan or any Letter of Credit will be used, whether directly or indirectly, for any purpose that entails a violation (including on the part of any Lender) of Regulation U or Regulation X. NotLoan, not more than 25% of the assets subject to the restrictions of [Sections 6.02 and 6.03]3] or any other provision hereof restricting the disposition of, or creation of Liens on, assets of the Company and its Subsidiaries taken as a whole will be represented by margin stock (within the Subsidiaries will at any time consistmeaning of Margin Stock (as defined in Regulation U or Regulation X)U).

SECTION # Federal Reserve Regulations.Regulations; Use of Proceeds. None of the Borrower or any Restricted Subsidiary is engaged or will engage, principally or as one of its important activities, in the business of purchasing or carrying margin stock (within the meaning of Regulation U of the Board of Governors), or extending credit for the purpose of purchasing or carrying margin stock. No part of the proceeds of any Loan or any Letter of Creditthe Loans will be used, whether directly or indirectly, to purchase or carry any margin stock or to refinance any Indebtedness originally incurred for such purpose, or for any other purpose that entails a violation (including on the part of any Lender) of Regulationany of the regulations of the Board of Governors, including Regulations U or Regulationand X. Not more than 25% of the value of the assets of the Borrower and the Restricted Subsidiaries subject to any restrictions on the restrictionssale, pledge or other disposition of [Sections 6.02 and 6.03]3]assets under this Agreement, any other Loan Document or any other provision hereof restricting the disposition of,agreement to which any Lender or creationAffiliate of Liens on, assets of the Company and the Subsidiariesa Lender is party will at any time consistbe represented by margin stock. The proceeds of Margin Stock (as definedthe Loans and Letters of Credit will be used in Regulation U or Regulation X)compliance with [Section 5.11].

SECTION # Federal Reserve Regulations. No part of the proceeds of any Loan or any Letter of Creditthe Loans will be used, whether directlyused by the Borrower or indirectly,its Subsidiaries for anythe purpose of purchasing or carrying margin stock (within the meaning of Regulation U of the Board of Governors), or extending credit for the purpose of purchasing or carrying margin stock, in each case, in a manner that entails a violation (including on the part of any Lender) of Regulation U or Regulation X. Not more than 25%any of the assets subject to the restrictions of [Sections 6.02 and 6.03]3] or any other provision hereof restricting the disposition of, or creation of Liens on, assetsregulations of the CompanyBoard of Governors, including Regulations U and the Subsidiaries will at any time consist of Margin Stock (as defined in Regulation U or Regulation X).X.

Section # Federal Reserve Regulations. No part of the proceeds of any Loan or any Letter of Creditthe Loans will be used, whether directlyused by or indirectly,its Subsidiaries for anythe purpose of purchasing or carrying margin stock (within the meaning of Regulation U of the Board of Governors), or extending credit for the purpose of purchasing or carrying margin stock, in each case, in a manner that entails a violation (including on the part of any Lender) of Regulation U or Regulation X. Not more than 25%any of the assets subject to the restrictions of [Sections 6.02 and 6.03]3] or any other provision hereof restricting the disposition of, or creation of Liens on, assetsregulations of the CompanyBoard of Governors, including Regulations U and the Subsidiaries will at any time consist of Margin Stock (as defined in Regulation U or Regulation X).X.

Section # Federal Reserve Regulations.Regulations, Etc. No Borrower nor any of its Subsidiaries is engaged principally, or as one of their important activities, in the business of extending credit for the purpose of buying or carrying Margin Stock. Immediately before and after giving effect to the making of each Loan and the issuance of each Letter of Credit, Margin Stock will constitute less than 25% of each Borrower's assets as determined in accordance with Regulation U. No part of the proceeds of any Loan or any Letter of Credit will be used, whether directly or indirectly, and whether immediately, incidentally or ultimately, # to purchase, acquire or carry any Margin Stock or for any purpose that entails a violation (including onof, or that is inconsistent with, the partprovisions of any Lender)the regulations of the Board, including Regulation T, U or Regulation X. Not more than 25% of the assets subject to the restrictions of [Sections 6.02 and 6.03]3]X or # for any other provision hereof restricting the disposition of,purpose that would violate any Anti-Corruption Laws or creation of Liens on, assets of the Company and the Subsidiaries will at any time consist of Margin Stock (as defined in Regulation U or Regulation X).applicable Sanctions.

SECTION # Federal Reserve Regulations. No part of the proceeds of any Loan or any Letter of Credit has been used or will be used, whether directly or indirectly, for any purpose that entails a violation (including on the part of any Lender) of Regulation U or Regulation X. Not more than 25% of the assets subject to the restrictions of [[Sections 6.02 and 6.03]3]]3] or any other provision hereof restricting the disposition of, or creation of Liens on, assetsRegulations of the CompanyBoard, including Regulations T, U and the Subsidiaries will at any time consist of Margin Stock (as defined in Regulation U or Regulation X).X.

Federal Reserve Regulations. No part of the proceeds of anythe Loan or any Letter of Credit will be used, whether directlyused for the purpose of purchasing or indirectly, foracquiring any purpose that entails a violation (including on“margin stock” within the part of any Lender)meaning of Regulation U or Regulation X. Not more than 25% of the assets subject toBoard of Governors of the restrictions of [Sections 6.02 and 6.03]3]Federal Reserve System or for any other purpose which would be inconsistent with such Regulation U or any other provision hereof restrictingRegulations of such Board of Governors, or for any purposes prohibited by any Legal Requirements or by the disposition of,terms and conditions of this Agreement or creation of Liens on, assets of the Company and the Subsidiaries will at any time consist of Margin Stock (as defined in Regulation U or Regulation X).other Loan Documents.

Load more...
Select clause to view document information.

Draft better contracts
faster with AllDrafts

AllDrafts is a cloud-based editor designed specifically for contracts. With automatic formatting, a massive clause library, smart redaction, and insanely easy templates, it’s a welcome change from Word.

And AllDrafts generates clean Word and PDF files from any draft.