Common use of Margin Regulations Clause in Contracts

Margin Regulations. No Borrower is engaged, nor will it engage, principally or as one of its important activities, in the business of extending credit for the purpose of “purchasing” or “carrying” any “margin stock” within the respective meanings of each of the quoted terms under Regulation U of the Board of Governors of the Federal Reserve System as now and from time to time hereafter in effect. No part of the proceeds of any Advance will be used for “purchasing” or “carrying” “margin stock” as defined in Regulation U of such Board of Governors.

Margin Regulations. No Borrower is engaged, nor will it engage, principally or as one of its important activities, in the business of extending credit for the purpose of “"purchasing” " or “"carrying” " any “"margin stock” " within the respective meanings of each of the quoted terms under Regulation U or Regulation G of the Board of Governors of the Federal Reserve System as now and from time to time hereafter in effect. No part of the proceeds of any Advance will be used for “"purchasing” " or “"carrying” “" "margin stock” " as defined in Regulation U of such Board of Governors.

Margin Regulations. No Borrower is not engaged, nor will it engage, principally or as one of its important activities, in the business of extending credit for the purpose of “purchasing” or “carrying” any “margin stock” within the respective meanings of each of the quoted terms under Regulation U of the Board of Governors of the Federal Reserve System as now and from time to time hereafter in effect. No part of the proceeds of any Advance will be used for “purchasing” or “carrying” “margin stock” as defined in Regulation U of such Board of Governors.

Margin Regulations. No Borrower is not engaged, nor will it engage, principally or as one of its important activities, in the business of extending credit for the purpose of “"purchasing” " or “"carrying” " any “"margin stock” " within the respective meanings of each of the quoted terms under Regulation U of the Board of Governors of the Federal Reserve System as now and from time to time hereafter in effect. No part of the proceeds of any Advance will be used for “"purchasing” " or “"carrying” “" "margin stock” " as defined in Regulation U of such Board of Governors.

Margin Regulations. No Borrower is engaged, nor will it engage, principally or as one of its important activities, in the business of extending credit for the purpose of “"purchasing” " or “"carrying” " any “"margin stock” " within the respective meanings of each of the quoted terms under Regulation U of the Board of Governors of the Federal Reserve System as now and from time to time hereafter in effect. No part of the proceeds of any Advance will be used for “"purchasing” " or “"carrying” “" "margin stock” " as defined in Regulation U of such Board of Governors.

Margin Regulations. No Borrower is not engaged, nor will it engage, principally or as one of its important activities, in the business of extending credit for the purpose of “"purchasing” " or “"carrying” " any “"margin stock” " within the respective meanings of each of the quoted terms under Regulation U or Regulation G of the Board of Governors of the Federal Reserve System as now and from time to time hereafter in effect. No part of the proceeds of any Advance will be used for “"purchasing” " or “"carrying” “" "margin stock” " as defined in Regulation U of such Board of Governors.

Margin Regulations. No None of the Borrower is or its Subsidiaries are engaged, nor will it any of them engage, principally or as one of its important activities, in the business of extending credit for the purpose of “purchasing” or “carrying” any “margin stock” within the respective meanings of each of the quoted terms under Regulation U of the Board of Governors of the Federal Reserve System as now and from time to time hereafter in effect. No part of the proceeds of any Advance the Borrowing will be used for “purchasing” or “carrying” “margin stock” as defined in Regulation U of such Board of Governors.

Margin Regulations. No Borrower is engaged, nor will it engage, ------------------ principally or as one of its important activities, in the business of extending credit for the purpose of “"purchasing” " or “"carrying” " any “"margin stock” " within the respective meanings of each of the quoted terms under Regulation U of the Board of Governors of the Federal Reserve System as now and from time to time hereafter in effect. No part of the proceeds of any Advance will be used for “"purchasing” " or “"carrying” “" "margin stock” " as defined in Regulation U of such Board of Governors.

Margin Regulations. No Neither Borrower nor any of its Subsidiaries is engaged, nor will it engage, principally or as one of its important activities, in the business of extending credit for the purpose of “purchasing” or “carrying” any “margin stock” within the respective meanings of each of the quoted terms under Regulation U of the Board of Governors of the Federal Reserve System as now and from time to time hereafter in effect. No part of the proceeds of any Advance will be used for “purchasing” or “carrying” “margin stock” as defined in Regulation U of such Board of Governors.

Margin Regulations. No Borrower is not engaged, nor will shall it engage, principally or as one of its important activities, in the business of extending credit for the purpose of “purchasing” or “carrying” any “margin stock” within the respective meanings of each of the quoted terms under Regulation U of the Board of Governors of the Federal Reserve System as now and from time to time hereafter in effect. No part of the proceeds of any Advance will shall be used for “purchasing” or “carrying” “margin stock” as defined in Regulation U of such Board of Governors.

Margin Regulations. No Borrower is not engaged, nor will it engage, principally or as one of its important activities, in the business of extending credit for the purpose of “"purchasing” " or “"carrying” " any “"margin stock” " within the respective meanings of each of the quoted terms under Regulation U or Regulation G of the Board of Governors of the Federal Reserve System as now and from time to time hereafter in effect. No part of the proceeds of any Revolving Advance will be used for “"purchasing” " or “"carrying” “" "margin stock” " as defined in Regulation U of such Board of Governors.

Margin Regulations. No Borrower Obligor is engaged, nor will it engage, principally or as one of its important activities, in the business of extending credit for the purpose of “"purchasing” " or “"carrying” " any “"margin stock” " within the respective meanings of each of the quoted terms under Regulation U or Regulation G of the Board of Governors of the Federal Reserve System as now and from time to time hereafter in effect. No part of the proceeds of any Advance will be used for “"purchasing” " or “"carrying” “" "margin stock” " as defined in Regulation U of such Board of Governors.

Margin Regulations. No Borrower is engaged, nor will it engage, principally or as one of its important activities, in the business of extending credit for the purpose of “purchasing” or “carrying” any “margin stock” within the respective meanings of each of the quoted terms under Regulation U of the Board of Governors of the Federal Reserve System as now and from time to time hereafter in effect. No part of the proceeds of any Advance the Term Loan will be used for “purchasing” or “carrying” “margin stock” as defined in Regulation U of such Board of Governors.

Margin Regulations. No Borrower is engaged, nor will it engage, principally or as one of its important activities, in the business of extending credit for the purpose of “"purchasing” " or “"carrying” " any “"margin stock” " within the respective meanings of each of the quoted terms under Regulation U of the Board of Governors of the Federal Reserve System as now and from time to time hereafter in effect. No part of the proceeds of any Advance will be used for “"purchasing” " or “"carrying” “" "margin stock” ," as those terms are defined in Regulation U of such Board of Governors.

Margin Regulations. No Borrower is engaged, nor will it either of ------------------ them engage, principally or as one of its important activities, in the business of extending credit for the purpose of “"purchasing” " or “"carrying” " any “"margin stock” " within the respective meanings of each of the quoted terms under Regulation U or Regulation G of the Board of Governors of the Federal Reserve System as now and from time to time hereafter in effect. No part of the proceeds of any Advance will be used for “"purchasing” " or “"carrying” “" "margin stock” " as defined in Regulation U of such Board of Governors.

Margin Regulations. No The Borrower is not engaged, nor will it engage, principally or as one of its important activities, in the business of extending credit for the purpose of “purchasing” or “carrying” any “margin stock” within the respective meanings of each of the quoted terms under Regulation U of the Board of Governors of the Federal Reserve System as now and from time to time hereafter in effect. No part of the proceeds of any Advance will be used for “purchasing” or “carrying” “margin stock,” as those terms are defined in Regulation U of such Board of Governors.

Margin Regulations. No Borrower Borrowers is engaged, nor will it engage, principally or as one of its important activities, in the business of extending credit for the purpose of “"purchasing” " or “"carrying” " any “"margin stock” " within the respective meanings of each of the quoted terms under Regulation U of the Board of Governors of the Federal Reserve System as now and from time to time hereafter in effect. No part of the proceeds of any Advance will be used for “"purchasing” " or “"carrying” “" "margin stock” " as defined in Regulation U of such Board of Governors.

Margin Regulations. No Borrower is engaged, nor will it engage, principally or as one of its important activities, in the business of extending credit for the purpose of “purchasing” or “carrying” any “margin stock” within the respective meanings of each of the quoted terms under Regulation U of the Board of Governors of the Federal Reserve System as now and from time to time hereafter in effect. No part of the proceeds of any Advance will be used for “purchasing” or “carrying” “margin stock” as defined in violation of Regulation U of such Board of Governors.

Margin Regulations. No Borrower is engaged, nor will it engage, principally or as one of its important activities, in the business of extending credit for the purpose of “purchasing” or “carrying” any “margin stock” within the respective meanings of each of the quoted terms under Regulation U of the Board of Governors of the Federal Reserve System as now and from time to time hereafter in effect. No part of the proceeds of any Advance will be used for “purchasing” or “carrying” “margin stock,” as those terms are defined in Regulation U of such Board of Governors.

Margin Regulations. No Borrower or Guarantor is engaged, nor will it engage, principally or as one of its important activities, in the business of extending credit for the purpose of “purchasing” or “carrying” any “margin stock” within the respective meanings of each of the quoted terms under Regulation U of the Board of Governors of the Federal Reserve System as now and from time to time hereafter in effect. No part of the proceeds of any Advance will be used for “purchasing” or “carrying” “margin stock” as defined in Regulation U of such Board of Governors.

Margin Regulations. No Borrower is engaged, nor will it engage, ------------------- principally or as one of its important activities, in the business of extending credit for the purpose of “"purchasing” " or “"carrying” " any “"margin stock” " within the respective meanings of each of the quoted terms under Regulation U or Regulation G of the Board of Governors of the Federal Reserve System as now and from time to time hereafter in effect. No part of the proceeds of any Advance will be used for “"purchasing” " or “"carrying” “" "margin stock” " as defined in Regulation U of such Board of Governors.

Margin Regulations. No Borrower is engagedengaged principally, nor will it engage, principally or as one of its important activities, in the business of “purchasing” or “carrying” any “margin stock”, or extending credit for the purpose of “purchasing” or “carrying” any “margin stock” (within the respective meanings of each of the quoted terms under Regulation U of the Board of Governors of the Federal Reserve System as now and from time to time hereafter in effect). No part of the proceeds of any Advance will be used for “purchasing” or “carrying” “margin stock” as defined in Regulation U of such Board of Governors5.

Margin Regulations. No Neither any Borrower nor any Guarantor is engaged, nor will it engage, principally or as one of its important activities, in the business of extending credit for the purpose of “purchasing” or “carrying” any “margin stock” within the respective meanings of each of the quoted terms under Regulation U of the Board of Governors of the Federal Reserve System as now and from time to time hereafter in effect. No part of the proceeds of any Advance will be used for “purchasing” or “carrying” “margin stock” as defined in Regulation U of such Board of Governors.

Margin Regulations. No Borrower is engaged, nor will it engage, principally or as one of its important activities, in the business of extending credit for the purpose of “purchasing” or “carrying” any “margin stock” within the respective meanings of each of the quoted terms under Regulation U of the Board of Governors of the Federal Reserve System as now and from time to time hereafter in effect. No part of the proceeds of any Advance will be used for “purchasing” or “carrying” “margin stock” as defined in Regulation U of such Board of Governors.. 074658.01845/123458281v.1

Margin Regulations. No Borrower is not engaged, nor will it Borrower engage, principally or as one of its important activities, in the business of extending credit for the purpose of “purchasing” or “carrying” any “margin stock” within the respective meanings of each of the quoted terms under Regulation U of the Board of Governors of the Federal Reserve System as now and from time to time hereafter in effect. No part of the proceeds of any Advance the Loan will be used for “purchasing” or “carrying” “margin stock” as defined in Regulation U of such Board of Governors.

Margin Regulations. No Borrower is engaged, nor will it engage, principally or as one of its important activities, in the business of extending credit for the purpose of “"purchasing” " or “"carrying” " any “"margin stock” " within the respective meanings of each of the quoted terms under Regulation U of the Board of Governors of the Federal Reserve System as now and from time to time hereafter in effect. No part of the proceeds of any Advance Advances will be used for “"purchasing” " or “"carrying” “" "margin stock” ," as those terms are defined in Regulation U of such Board of Governors.

Margin Regulations. No Borrower is engaged, nor will it engage, principally or as one of its important activities, in the business of extending credit for the purpose of “"purchasing” " or “"carrying” " any “"margin stock” " within the respective meanings of each of the quoted terms under Regulation U of the Board of Governors of the Federal Reserve System as now and from time to time hereafter in effect. No part of the proceeds of any Revolving Advance will be used for “"purchasing” " or “"carrying” “" "margin stock” " as defined in Regulation U of such Board of Governors.

Margin Regulations. No Borrower is not engaged, nor will it engage, principally or as one of its important activities, in the business of extending credit for the purpose of “purchasing” or “carrying” any “margin stock” within the respective meanings of each of the quoted terms under Regulation U or Regulation G of the Board of Governors of the Federal Reserve System as now and from time to time hereafter in effect. No part of the proceeds of any Advance will be used for “purchasing” or “carrying” “margin stock” as defined in Regulation U of such Board of Governors.

Margin Regulations. No Borrower is not engaged, nor will it engage, principally or as one of its important activities, in the business of extending credit for the purpose of “"purchasing” " or “"carrying” " any “"margin stock” " within the respective meanings of each of the quoted terms under Regulation U of the Board of Governors of the Federal Reserve System as now and from time to time hereafter in effect. No part of the proceeds of any Advance the Term Loan will be used for “"purchasing” " or “"carrying” “" "margin stock” " as defined in Regulation U of such Board of Governors.

Margin Regulations. No Borrower Each of the Borrowers is not engaged, nor will it engage, principally or as one of its important activities, in the business of extending credit for the purpose of “"purchasing” " or “"carrying” " any “"margin stock” " within the respective meanings of each of the quoted terms under Regulation U or Regulation G of the Board of Governors of the Federal Reserve System as now and from time to time hereafter in effect. No part of the proceeds of any Advance Loan will be used for “"purchasing” " or “"carrying” “" "margin stock” " as defined in Regulation U of such Board of Governors.

Margin Regulations. No Neither the Borrower nor any Guarantor is engaged, nor will it engage, principally or as one of its important activities, in the business of extending credit for the purpose of “"purchasing” " or “"carrying” " any “"margin stock” " within the respective meanings of each of the quoted terms under Regulation U of the Board of Governors of the Federal Reserve System as now and from time to time hereafter in effect. No part of the proceeds of any Advance will be used for “"purchasing” " or “"carrying” “" "margin stock” " as defined in Regulation U of such Board of Governors.

Margin Regulations. No Borrower is engaged, nor will it any engage, principally or as one of its important activities, in the business of extending credit for the purpose of “"purchasing” " or “"carrying” " any “"margin stock” " within the respective meanings of each of the quoted terms under Regulation U or Regulation G of the Board of Governors of the Federal Reserve System as now and from time to time hereafter in effect. No part of the proceeds of any Advance will be used for “"purchasing” " or “"carrying” “" "margin stock” " as defined in Regulation U of such Board of Governors.

Margin Regulations. No Borrower is engaged, nor will it engage, principally or as one of its important activities, in the business of extending credit for the purpose of “"purchasing” " or “"carrying” " any “"margin stock” " within the respective meanings of each of the quoted terms under Regulation U or Regulation G of the Board of Governors of the Federal Reserve System as now and from time to time hereafter in effect. No part of the proceeds of any Revolving Advance will be used for “"purchasing” " or “"carrying” “" "margin stock” " as defined in Regulation U of such Board of Governors.

Margin Regulations. No Borrower is engaged, nor will it engage, principally or as one of its important activities, in the business of extending credit for the purpose of “"purchasing” " or “"carrying” " any “"margin stock” " within the respective meanings of each of the quoted terms under Regulation U of the Board of Governors of the Federal Reserve System as now and from time to time hereafter in effect. No part of the proceeds of any Advance the Term Loans will be used for “"purchasing” " or “"carrying” “" "margin stock” ," as those terms are defined in Regulation U of such Board of Governors.

Margin Regulations. No Borrower or Guarantor is engaged, nor will it engage, principally or as one of its important activities, in the business of extending credit for the purpose of “"purchasing” " or “"carrying” " any “"margin stock” " within the respective meanings of each of the quoted terms under Regulation U of the Board of Governors of the Federal Reserve System as now and from time to time hereafter in effect. No part of the proceeds of any Advance will be used for “"purchasing” " or “"carrying” “" "margin stock” " as defined in Regulation U of such Board of Governors.

Margin Regulations. No Borrower is not engaged, nor will it engage, principally or as one of its important activities, in the business of extending credit for the purpose of “"purchasing” " or “"carrying” " any “"margin stock” " within the respective meanings of each of the quoted terms under Regulation U or Regulation G of the Board of Governors of the Federal Reserve System as now and from time to time hereafter in effect. No part of the proceeds of any Advance will be used for “purchasing” "Purchasing" or “"carrying” “" "margin stock” " as defined in Regulation U of such Board of Governors.