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 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 ​ 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 ​ 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 ​, provide to the ​ prior to the making of such Loan a legal opinion of counsel reasonably acceptable to the ​ 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 ​, 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 ​ that in extending or maintaining credit hereunder it has not relied upon any such margin stock as collateral.

Margin Rules. Neither the issuance, sale and delivery of the Placement Shares nor the application of the proceeds thereof by the Company as described in the Registration Statement and the Prospectus will violate Regulation T, U or X of the Board of Governors of the Federal Reserve System.

Margin Regulations. The use of all funds acquired by ​ under this Agreement will not conflict with or contravene any of Regulations T, U or X promulgated by the Board of Governors of the Federal Reserve System as the same may from time to time be amended, supplemented or otherwise modified.

Margin Regulations. The Company 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.

“Margin Stock” means “margin stock” as defined in Regulation U.

“Margin Stock Collateral”: all Margin Stock (other than Portfolio Margin Stock) of ​ and its Subsidiaries by which the Loans are deemed “indirectly secured” within the meaning of Regulation U.

No Margin Deficit. After giving effect to the requested Transaction, the Asset Value of all Purchased Assets exceeds the aggregate Purchase Price for such Transactions.

Margin Call Deadline. [Section 6.2] of the Repurchase Agreement is amended and restated to read in its entirety as follows:

Margin Call Deadline. If the Agent delivers a Margin Call to the Seller at or before ​ on any Business Day, then the Seller shall transfer cash and/or Additional Purchased Loans as provided in [Section 6.1] on the same Business Day. If the Agent delivers a Margin Call to the Seller after ​ on any Business Day, then the Seller shall transfer cash and/or Additional Purchased Loans by no later than ​ on the next following Business Day.