Regulation U. No Borrower is engaged principally, or as one of its important activities, in the business of extending credit for the purpose of purchasing or carrying margin stock.

Regulation U. No Borrower is engaged principally,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 issued by the FRB), or extending credit for the purpose of purchasing or carrying margin stock.

Regulation U. No BorrowerNeither ​ nor any Subsidiary is engaged principally, or as one of its important activities, in the business of extending credit for the purpose of purchasingpurpose, whether immediate, incidental or ultimate of, buying or carrying margin stock.Margin Stock.

Regulation U. NoThe Borrower is engaged principally,not engaged, nor will it 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.

Regulation U. NoThe Borrower is engaged principally,not engaged, nor will it 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.

Regulation U. NoThe Borrower is not engaged principally,nor will it engage, principally or as one of its important activities, in the business of purchasing or carrying Margin Stock, or extending credit for the purpose of purchasing or carrying margin stock.Margin Stock, and no proceeds of any Borrowings will be used for any purpose that violates Regulation U of the FRB.

Regulation U. NoThe Borrower is not engaged principally,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), or extending credit for the purpose of purchasing or carrying margin stock.

Regulation U. No BorrowerNeither the Company nor any Subsidiary is engaged principally, or as one of its important activities, in the business of extending credit for the purpose of purchasingpurpose, whether immediate, incidental or ultimate of, buying or carrying margin stock.Margin Stock.

Regulation U. NoThe Borrower is not engaged principally,and will not engage, principally or as one of its important activities, in the business of purchasing or carrying Margin Stock, or extending credit for the purpose of purchasing or carrying margin stock.Margin Stock, and no part of the proceeds of any Advance hereunder will be used to buy or carry any Margin Stock. Following the application of the proceeds of each Advance, not more than 25% of the value of the assets (either of the Borrower only or of the Borrower and its Subsidiaries on a consolidated basis) will be Margin Stock.

Regulation U. No Borrower isThe Borrowers are not engaged principally,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), or extending credit for the purpose of purchasing or carrying margin stock.