Common use of No Margin Stock Clause in Contracts

No Margin Stock. No proceeds of any Term Loan shall be used directly or indirectly to purchase or carry any margin security.

Appears in 8 contracts

Sources: Loan Agreement (Geltex Pharmaceuticals Inc), Term Loan Agreement (Biotransplant Inc), Term Loan Agreement (Arqule Inc)

No Margin Stock. No proceeds of any Term Loan shall be used --------------- directly or indirectly to purchase or carry any margin security.

Appears in 1 contract

Sources: Term Loan Agreement (Sycamore Networks Inc)