No Loan Party holds any interest in any Margin Securities. 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. No Loan Party holdsnor any interestof its 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 Securities.Stock. No part of the proceeds of the loans made to BorrowerBorrowers 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 purposepurpose, in each case that violates the provisions of Regulation T, U or X of the Board of Governors.
NoMargin Stock. None of Parent, any Loan Party holdsor any interestof 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 Securities.Stock. No part of the proceeds of the loansLoans 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.
No Loan Party holdsnor any interestof its Restricted Subsidiaries is engaged in anythe business of extending credit for the purpose of purchasing or carrying Margin Securities. NoStock. Except for the purchase of Company Stock, no part of the proceeds of the loansany Loan or any other extension of credit made to Borrowerhereunder will be used to purchase or carry any such Margin Stock or to extend credit to others for the purpose of purchasing or carrying any such Margin Stock. No part of the proceeds of any Loan or any other extension of credit made hereunder shall be used to purchase Company Stock in a manner that violates or results in a violation of Regulation U. Margin Stock or for any purpose that violates the provisions of Regulation T, U or Xconstitutes less than 25% of the Boardassets of Governors.the Loan Parties and their Restricted Subsidiaries which are subject to any limitation on sale, pledge or other restriction hereunder.
No Loan Party holds any interestis engaged and will not engage, principally or as one of its important activities, in any Margin Securities. No partthe business of purchasing or carrying margin stock (within the proceedsmeaning of the loans made to Borrower will be used to purchaseRegulation U), or carry any Margin Stock or to extendextending 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.
No Loan Party holds any interest in any Margin Securities. No partRegulations. None of the proceedsLoan Parties 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 loans made to Borrower will be used to purchaseFederal Reserve Board), or carry any Margin Stock or to extendextending credit to others for the purpose of purchasing or carrying margin stock. No part of the proceeds of any Margin StockLoan will be used, whether directly or indirectly, for any purpose that violatesentails a violation of the provisions of the Regulations of the Federal Reserve Board, including Regulation T, U or X of the Board of Governors.X.
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