Common use of U and X Clause in Contracts

U and X. The Borrower is not engaged in the business of extending credit for the purpose of purchasing or carrying margin stock, and no proceeds of any Loans will be used for a purpose which violates, or would be inconsistent with, F.R.S. Board Regulation G, U or X. Terms for which meanings are provided in F.R.S. Board Regulation G, U or X or any regulations substituted therefor, as from time to time in effect, are used in this Section with such meanings.

Appears in 2 contracts

Sources: Credit Agreement (Kemper High Income Trust), Credit Agreement (Northern Border Partners Lp)

U and X. The Borrower is not ---------------------- engaged in the business of extending credit for the purpose of purchasing or carrying margin stock, and no proceeds of any Loans will be used for a purpose which violates, or would be inconsistent with, F.R.S. Board Regulation G, U or X. Terms for which meanings are provided in F.R.S. Board Regulation G, U or X or any regulations substituted therefor, as from time to time in effect, are used in this Section with such meanings.

Appears in 1 contract

Sources: Credit Agreement (Vintage Petroleum Inc)

U and X. The Borrower is not engaged in the business of extending credit for the purpose of purchasing or carrying margin stock, and no proceeds of any Loans Credit Extension will be used for a purpose which violates, or would be inconsistent with, F.R.S. Board Regulation G, U or X. Terms for which meanings are provided in F.R.S. Board Regulation G, U or X or any regulations substituted therefor, as from time to time in effect, are used in this Section with such meanings.

Appears in 1 contract

Sources: Credit Agreement (Carlisle Holdings LTD)

U and X. The Borrower is not engaged in the business of extending credit for the purpose of purchasing or carrying margin stock, and no proceeds of any Loans will be used for a purpose which violates, or would be inconsistent with, F.R.S. Board Regulation G, U or X. Terms for which meanings are provided in F.R.S. Board Regulation G, U or X or any regulations substituted therefor, as from time to time in effect, are used in this Section with such meanings.

Appears in 1 contract

Sources: Credit Agreement (W-H Energy Services Inc)

U and X. The No Borrower is not engaged in the business of extending credit for the purpose of purchasing or carrying margin stock, and no proceeds of any Loans will be used for a purpose which violates, or would be inconsistent with, F.R.S. Board Regulation G, U or X. Terms for which meanings are provided in F.R.S. Board Regulation G, U or X or any regulations substituted therefor, as from time to time in effect, are used in this Section with such meanings.

Appears in 1 contract

Sources: Credit Agreement (Penford Corp)

U and X. The Neither Borrower is not engaged in the business of extending credit for the purpose of purchasing or carrying margin stock, and no proceeds of any Loans will be used for a purpose which violates, or would be inconsistent with, F.R.S. Board Regulation G, U or X. Terms for which meanings are provided in F.R.S. Board Regulation G, U or X or any regulations substituted therefor, as from time to time in effect, are used in this Section with such meanings.

Appears in 1 contract

Sources: Credit Agreement (Warnaco Group Inc /De/)

U and X. The Borrower is not engaged in the business of extending credit for the purpose of purchasing or carrying margin stock, and no proceeds of any Loans will be used for a purpose which violates, or would be inconsistent with, F.R.S. Board Regulation G, U or X. X, or any official rulings on or interpretations of such regulations. Terms for which meanings are provided in F.R.S. Board Regulation G, U or Regulation X or any regulations substituted therefor, as from time to time in effect, are used in this Section 5.7 with such meanings.

Appears in 1 contract

Sources: Credit Agreement (Washington Gas Light Co)

U and X. The Neither the Borrower nor any of its ---------------------- Subsidiaries is not engaged in the business of extending credit for the purpose of purchasing or carrying margin stock, and no proceeds of any Loans Credit Extensions will be used to purchase or carry margin stock or otherwise for a purpose which violates, or would be inconsistent with, F.R.S. Board Regulation G, U or X. Terms for which meanings are provided in F.R.S. Board Regulation G, U or X or any regulations substituted therefor, as from time to time in effect, are used in this Section with such meanings.

Appears in 1 contract

Sources: Credit Agreement (Tci Satellite Entertainment Inc)

U and X. The U.S. Borrower is not engaged in the business of extending credit for the purpose of purchasing or carrying margin stock, and no proceeds of any Loans extension of credit hereunder will be used for a purpose which violates, or would be inconsistent with, F.R.S. Board Regulation G, U or X. X, except where such business or use would not result in a Material Adverse Effect. Terms for which meanings are provided in F.R.S. Board Regulation G, Regulations U or X or any regulations substituted therefor, as from time to time in effect, are used in this Section with such meanings.

Appears in 1 contract

Sources: Credit Agreement (Intier Automotive Inc)