No Stock Purchase Clause Samples
The "No Stock Purchase" clause establishes that the agreement does not involve the purchase or transfer of any stock or equity interests between the parties. In practice, this means that the transaction is structured as something other than a stock sale, such as an asset purchase or service agreement, and neither party is acquiring ownership in the other’s company. This clause clarifies the nature of the transaction, preventing misunderstandings about ownership changes and ensuring that both parties are aware that no equity is being exchanged.
No Stock Purchase. No part of the proceeds of any financial accommodation made by Lender in connection with this Credit Agreement will be used to purchase or carry "margin stock," as that term is defined in Regulation U, or to extend credit to others for the purpose of purchasing or carrying such margin stock.
No Stock Purchase. 35 6.10 Advances.......................................................35 6.11 Solvent........................................................35 6.12 ERISA..........................................................36 6.13
No Stock Purchase. Borrower shall not purchase any stock in Borrower belonging to any Standby Creditor without ▇▇▇▇▇▇’s prior written consent.
No Stock Purchase. (a) No part of the proceeds of any financial accommodation made by the Banks in connection with this Senior Credit Agreement will be used to purchase or carry "margin stock," as that term is defined in Regulation U, or to extend credit to others for the purpose of purchasing or carrying such margin stock.
(b) No portion of any Advance or Loan made hereunder shall be used directly or indirectly to purchase ineligible securities, as defined by applicable regulations of the Federal Reserve Board, underwritten by any affiliate of Banc One Corporation during the underwriting period and for 30 days thereafter.
No Stock Purchase. No part of any RLC Advance will be used to purchase or carry "margin stock," as that term is defined in Regulation U, or to extend credit to others for the purpose of purchasing or carrying such margin stock.
No Stock Purchase. 14 5.10 Survival of Representations and Warranties................... 14 5.11
No Stock Purchase. 14 6.10 Advances .......................................................... 14 6.11 Enforceable Obligations ........................................... 14
No Stock Purchase. No part of the proceeds of any financial accommodation made by WFBC in connection with this Reimbursement Agreement will be used to purchase or carry "margin stock," as that term is defined in Regulation U, or to extend credit to others for the purpose of purchasing or carrying such margin stock.
No Stock Purchase. No part of the proceeds of any financial accommodation made by Lender in connection with this Agreement will be used to purchase or carry Amargin stock," as that term is defined in Regulation U, or to extend credit to others for the purpose of purchasing or carrying such margin stock.
No Stock Purchase. 45 6.19. Solvent................................................................................................. 46 6.20. Representations and Warranties Upon Delivery of Financial Statements, Documents, and Other Information................................................................................... 46 6.21.