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.
Appears in 1 contract
Sources: Senior Credit Agreement (Simula Inc)
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 the Note proceeds shall be used directly or indirectly to purchase ineligible securities, as defined by the applicable regulations of the Federal Reserve Board, underwritten by any affiliate of Banc One Corporation during the underwriting period and for 30 thirty (30) days thereafter.
Appears in 1 contract
Sources: Credit Agreement (Hypercom Corp)