Margin Stock Regulations Clause Samples
The Margin Stock Regulations clause defines the requirements and restrictions related to transactions involving margin stock, which refers to securities that can be purchased on margin under applicable federal regulations. This clause typically outlines the borrower's obligations to comply with laws such as Regulation U or Regulation X, ensuring that any use of loan proceeds does not violate margin lending rules. Its core function is to ensure regulatory compliance and prevent the misuse of loan funds for purchasing or carrying margin stock, thereby protecting both the lender and borrower from legal and financial risks.
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Margin Stock Regulations. Neither the Company nor Icon is engaged, principally or as one of its important activities, in the business of extending and neither the Company nor Icon will, principally or as one of its important activities, extend credit for the purpose of purchasing or carrying margin stock (within the meaning of the United States Regulation U issued by the Board of Governors of the United States Federal Reserve System (“Regulation U”)), and no proceeds of any Advances will be used directly or indirectly to purchase or carry any margin stock, or to extend credit to others for the purpose of purchasing or carrying any margin stock, in violation of Regulation U.
Margin Stock Regulations. Borrower shall not (nor shall Borrower allow any Project Company to) directly or indirectly apply any part of the proceeds of any Loan or Project Revenues to the “buying,” “purchasing” or “carrying” of any margin stock within the meaning of Regulations T, U or X of the Federal Reserve Board, or any regulations, interpretations or rulings thereunder.
Margin Stock Regulations. No Loan Party is engaged, principally or as one of its important activities, in the business of extending and no Loan Party will, principally or as one of its important activities, extend credit for the purpose of purchasing or carrying margin stock (within the meaning of the United States Regulation U issued by the Board of Governors of the United States Federal Reserve System (“Regulation U”)), and no proceeds of any Advances will be used directly or indirectly to purchase or carry any margin stock, or to extend credit to others for the purpose of purchasing or carrying any margin stock, in violation of Regulation U.
Margin Stock Regulations. No Loan Party is engaged in the business of extending and no Loan Party will extend credit for the purpose of purchasing or carrying margin stock (within the meaning of the United States Regulation U issued by the Board of Governors of the United States Federal Reserve System (“Regulation U”)), and no proceeds of any Advances will be used directly or indirectly to purchase or carry any margin stock or to extend credit to others for the purpose of purchasing or carrying any margin stock in violation of Regulation U.
Margin Stock Regulations. The Company is not engaged, principally or as one of its important activities, in the business of extending and the Company will not, principally or as one of its important activities, extend credit for the purpose of purchasing or carrying margin stock (within the meaning of the United States Regulation U issued by the Board of Governors of the United States Federal Reserve System (“Regulation U”)), and no proceeds of any Advances will be used directly or indirectly to purchase or carry any margin stock, or to extend credit to others for the purpose of purchasing or carrying any margin stock, in violation of Regulation U.
Margin Stock Regulations. Borrower shall not directly or indirectly apply any Loan proceeds, Equity Contributions, Letter of Credit proceeds or Project Revenues to the "buying", "carrying" or "purchasing" of any margin stock within the meaning of Regulation T, U or X of the Board of Governors of the Federal Reserve System or any regulations, interpretations or rulings thereunder.
Margin Stock Regulations. Directly or indirectly apply any part of the proceeds of the Loan or any proceeds it receives under the Operative Documents to the “buying,” “purchasing” or “carrying” of any margin stock within the meaning of Regulations T, U or X of the Board, or any regulations, interpretations or rulings thereunder.
Margin Stock Regulations. The Borrower is not engaged in the business of extending credit for the purpose of “buying”, “purchasing” or “carrying” any “margin stock” (as defined or used in Regulation T, U or X of the Board), and no proceeds of the Loan or proceeds the Borrower receives under the Operative Documents will be used to buy, purchase or carry any margin stock or to extend credit to others for the purpose of buying, purchasing or carrying any such margin stock or otherwise in violation of Regulation T, U or X of the Board, or any regulations, interpretations or rulings thereunder.
Margin Stock Regulations. You shall have received for each Initial Purchaser, to the extent requested, a Form FR U-1 or Form FR G-3, as applicable, completed by the Company in accordance with Regulation U under the Exchange Act.
Margin Stock Regulations. The Company and its Subsidiaries are in compliance with Regulations T, U and X. Margin stock (as defined in Regulation U) constitutes less than 25% of the value of those assets of the Company and its Subsidiaries which are subject to any limitation on sale, pledge, or other restriction hereunder.