Common use of Regulations U and X Clause in Contracts

Regulations U and X. The proceeds of the Loans shall be used solely for the purposes specified in Section 6.11. No portion of any Loan is to be used for the purpose of purchasing or carrying any “margin security” or “margin stock” as such terms are used in Regulations U and X of the Board of Governors of the Federal Reserve System, 12 C.F.R. Parts 221 and 224.

Appears in 3 contracts

Samples: Credit Agreement (Fluent, Inc.), Credit Agreement (Fluent, Inc.), Credit Agreement

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Regulations U and X. The proceeds of the Loans shall be used solely for the purposes specified in Section 6.11working capital and general corporate purposes. No portion of any Loan is to be used for the purpose of purchasing or carrying any "margin security" or "margin stock" as such terms are used in Regulations U and X of the Board of Governors of the Federal Reserve System, 12 C.F.R. Parts 221 and 224.

Appears in 3 contracts

Samples: Credit Agreement (BTHC VII Inc), Credit Agreement (Prentice Capital Management, LP), Credit Agreement (Whitehall Jewellers Inc)

Regulations U and X. The proceeds of the Loans shall be used by the Borrower solely for the purposes specified in Section 6.11herein. No portion of any Loan is to be used for the purpose of purchasing or carrying any "margin security" or "margin stock" as such terms are used in Regulations U and X of the Board of Governors of the Federal Reserve System, 12 C.F.R. Parts 221 and 224.

Appears in 3 contracts

Samples: Credit Agreement (Rottlund Co Inc), Credit Agreement (Rottlund Co Inc), Senior Secured Credit Agreement (Calton Inc)

Regulations U and X. The proceeds of the Loans and Letters of Credit shall be used solely for the purposes specified in Section 6.11. No portion of any Loan is to be used for the purpose of purchasing or carrying any “margin security” or “margin stock” as such terms are used in Regulations U and X of the Board of Governors of the Federal Reserve System, 12 C.F.R. Parts 221 and 224.

Appears in 2 contracts

Samples: Credit Agreement (PetIQ, Inc.), Credit Agreement (PetIQ, Inc.)

Regulations U and X. The proceeds of the Term Loans shall be used solely for the purposes specified in Section 6.116.10. No portion of any Term Loan is to be used for the purpose of purchasing or carrying any "margin security" or "margin stock" as such terms are used in Regulations U and X of the Board of Governors of the Federal Reserve System, 12 C.F.R. Parts 221 and 224.

Appears in 2 contracts

Samples: Credit Agreement (Intersections Inc), Credit Agreement (Intersections Inc)

Regulations U and X. The proceeds of the Term Loans shall be used solely for the purposes specified in Section 6.116.10. No portion of any Term Loan is to be used for the purpose of purchasing or carrying any “margin security” or “margin stock” as such terms are used in Regulations U and X of the Board of Governors of the Federal Reserve System, 12 C.F.R. Parts 221 and 224.

Appears in 1 contract

Samples: Credit Agreement (Intersections Inc)

Regulations U and X. The proceeds of the Loans shall be used solely for the purposes specified in Section 6.115.02. No portion of any Loan is to be used for the purpose of purchasing or carrying any “margin security” or “margin stock” as such terms are used in Regulations U and X of the Board of Governors of the Federal Reserve System, 12 C.F.R. Parts COFFEX. Xxxts 221 and 224.

Appears in 1 contract

Samples: Subordination Agreement (American Apparel, Inc)

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Regulations U and X. The proceeds of the Loans shall be used solely for the purposes specified in Section 6.117.11. No portion of any Loan is to be used for the purpose of purchasing or carrying any "margin security" or "margin stock" as such terms are used in Regulations U and X of the Board of Governors of the Federal Reserve System, 12 C.F.R. Parts 221 and 224.

Appears in 1 contract

Samples: Credit Agreement (Jumpking Inc)

Regulations U and X. The proceeds of the Loans shall be used by Borrower solely for the purposes specified in Section 6.11ss.9.4. No portion of any Loan is to be used for the purpose of purchasing or carrying any "margin security" or "margin stock" as such terms are used in Regulations U and X of the Board of Governors of the Federal Reserve System, 12 C.F.R. Parts 221 and 224.

Appears in 1 contract

Samples: Credit Agreement (NVR Inc)

Regulations U and X. The proceeds of the Term Loans shall be used solely for the purposes specified in Section 6.11SECTION 7.11. No portion of any Term Loan is to be used for the purpose of purchasing or carrying any "margin security" or "margin stock" as such terms are used in Regulations U and X of the Board of Governors of the Federal Reserve System, 12 C.F.R. Parts 221 and 224.

Appears in 1 contract

Samples: Term Loan Agreement (Quaker Fabric Corp /De/)

Regulations U and X. The proceeds of the Loans shall be used solely for the purposes specified in Section 6.11. No portion of any Loan is to be used for the purpose of purchasing or carrying any “margin security” or “margin stock” as such terms are used in Regulations U and X of the Board of Governors of the Federal Reserve System, FRB 12 C.F.R. Parts 221 and 224.

Appears in 1 contract

Samples: Credit Agreement

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