(a)  No part of the proceeds of any Loans or Letters of Credit, and no other extensions of credit hereunder, will be used by any Loan Party (i)  for the purpose, whether immediate or ultimate, of “buying ” or “carrying” any “margin stock” within the respective meanings of each of the quoted terms under Regulation U as now and from time to time hereafter in effect or (ii)  for any purpose that violates the provisions of the Regulations of the Board.
federal regulations