Common use of U and X Clause in Contracts

U and X. No portion of the Loan is to be used for the purpose of purchasing or carrying any "margin security" or "margin stock" as such terms are used in Regulations U and X of the Board of Governors of the Federal Reserve System, 12 C.F.R. Parts 221 and 224.

Appears in 1 contract

Sources: Revolving Credit and Term Loan Agreement (Chartermac)

U and X. No portion of the any Loan is to be used for the purpose of purchasing or carrying any "margin security" or "margin stock" as such terms are used in Regulations U and X of the Board of Governors of the Federal Reserve System, 12 C.F.R. Parts 221 and 224.

Appears in 1 contract

Sources: Credit and Security Agreement (Maxxam Inc)

U and X. No portion of the any Loan is to be used by any Borrower for the purpose of purchasing or carrying any "margin security" or "margin stock" as such terms are used in Regulations U and X of the Board of Governors of the Federal Reserve System, 12 C.F.R. Parts 221 and 224.

Appears in 1 contract

Sources: Master Credit Agreement (Wellsford Real Properties Inc)

U and X. No portion of the any Loan is to be used by Borrower for the purpose of purchasing or carrying any "margin security" or "margin stock" as such terms are used in Regulations U and X of the Board of Governors of the Federal Reserve System, 12 C.F.R. Parts 221 and 224.

Appears in 1 contract

Sources: Revolving Credit Agreement (Crescent Real Estate Equities LTD Partnership)